JHS & Associates LLP Article Assistant Interview Questions and Answers

Test of 30 minutes of the field you choice proper paper no mcq

Q1. Basics of tax explain from basic
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Q1. Every tds sextion and rate you know
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Q1. Why Grant thornton?
Ans. Sir GT  is indias largest tax,assurance and advisory firm. A truly indian firm with global connections and while ho through the company's website I got to know that you are a global network of 68000 people in 147 markets with a common goal- to help people business flourish. And to be able to sit or work with these people would be a golden opportunity for me. And i also got to know that Your culture is always open, incl...read more
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Q2. Why stat audit?
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Stat audit is important for ensuring accuracy, compliance, and transparency in financial statements.
• Stat audit helps in verifying the accuracy of financial statements and ensuring that they are free from material misstatements.

• It provides assurance to stakeholders that the financial information presented is reliable and trustworthy.

• Stat audit helps in detecting and preventing fraud, errors, and irregularities in financ...read more
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Q3. How would you receive negative comments?
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Q4. Where do you see yourself after 5 years?
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Q1. What is materiality? Difference between overall and performance materiality?
Ans. 
Materiality refers to the significance or importance of an item or event in relation to financial statements.
• Materiality is a concept used in auditing and accounting to determine the relevance of information.

• It involves assessing the impact of an item or event on the financial statements and whether it would influence the decisions of users.

• Materiality is subjective and depends on the nature and size of the entity bein...read more
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Q1. Basic discussion
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Q1. Tell me about yourself IND AS related questions
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Q2. Are ok with travelling
Ans. 
Yes, I am comfortable with travelling for work purposes.
• I am willing to travel for client meetings, audits, and other work-related tasks

• I understand that travelling may be required occasionally and I am prepared for it

• I have previous experience travelling for work during internships or previous jobs
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Q3. Do you have vehicle to travell around the city and daily up down from your home to Office and from office to home.
Ans. 
Yes, I have a vehicle for daily commute to the office and back home.
• Yes, I have a car that I use for daily transportation.

• I ensure regular maintenance of my vehicle to avoid any breakdowns.

• Having a vehicle allows me to be punctual and reliable for work.

• In case of emergencies or late hours at work, having a vehicle is convenient for safe travel.
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Q1. What are your salary expectations
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Q2. What is your preferable location
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Q1. Most of the questions were regarding intermediate syllabus
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Q2. Why you want to join EY
Ans. 
I want to join EY because of its reputation for excellence and the opportunities it offers for professional growth.
• EY is known for its high standards and commitment to quality, which aligns with my own values and aspirations.

• I believe that working at EY will provide me with the chance to learn from experienced professionals and develop a strong foundation in my career.

• EY offers a wide range of services and clients, whi...read more
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Q1. Clauses of Caro 2020
Ans. 
The Clauses of Caro 2020 are legal provisions related to auditing and accounting standards in India.
• The Clauses of Caro 2020 are mandatory for companies falling under specified criteria.

• They cover aspects such as maintenance of books of accounts, internal control systems, and compliance with laws.

• Examples of clauses include reporting on fixed assets, loans and advances, and related party transactions.
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Q2. Ind AS 2 inventory valuation process
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Ind AS 2 outlines the principles for the valuation and measurement of inventory.
• Ind AS 2 requires inventory to be measured at the lower of cost and net realizable value.

• Cost includes all costs incurred to bring the inventory to its present location and condition.

• Net realizable value is the estimated selling price less estimated costs to complete and sell.

• Ind AS 2 provides guidance on the cost formulas that can be used ...read more
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Q1. Why did you choose statutory Audit
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I chose statutory audit because of its importance in ensuring financial transparency and compliance with regulations.
• Statutory audit helps in verifying the accuracy of financial statements and ensuring compliance with laws and regulations.

• It provides assurance to stakeholders and investors about the financial health and integrity of the organization.

• Statutory audit also helps in detecting and preventing fraud and error...read more
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Q1. What are your strengths and weaknesses?
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Q2. What are your salary expectations?
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Q3. Share details of your previous job.
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Q4. Why should we hire you?
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Q5. Tell me about yourself.
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Q1. Details about the department you want to join.
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Q1. Tell us about yourself
Ans. 
I am a dedicated and hardworking individual with a strong interest in the field of accounting and finance.
• I have completed my Bachelor's degree in Accounting and Finance from XYZ University.

• During my studies, I gained practical experience through internships at ABC Accounting Firm and XYZ Bank.

• I have a good understanding of financial statements, taxation, and auditing principles.

• I am proficient in using accounting soft...read more
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Q2. When can you join us
Ans. 
I can join you in two weeks from now.
• I have a notice period of two weeks at my current job.

• I need to wrap up my current projects before joining a new organization.

• I can start on [specific date].
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Q1. Many questions from your cv
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Q2. Many questions related to syllabus
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