Infosys Financial Associate Interview Questions, Process, and Tips for Freshers

Book closure process is the process of closing the register of shareholders to determine the list of shareholders eligible for dividends.

• Book closure process is done by companies to determine the list of shareholders eligible for dividends.

• During this process, the register of shareholders is closed for a specific period of time.

• Only those shareholders who are on the list at the end of the book closure period are eligib...read more

The first thing to consider while starting statutory audit is understanding the client's business and industry.

• Understand the client's business and industry

• Identify the key risks and controls

• Assess the materiality of the financial statements

• Plan the audit approach and procedures

• Consider any regulatory requirements or changes

• Review prior year's audit work

• Communicate with the client and their management team

CARO 2020 is a set of auditing standards issued by the Institute of Chartered Accountants of India (ICAI) for companies in India.

• CARO 2020 applies to all companies except small companies and one-person companies.

• It requires auditors to report on various aspects of a company's operations, including related party transactions, internal financial controls, and compliance with laws and regulations.

• CARO 2020 also requires a...read more