Kalyaniwalla & Mistry Statutory Audit Executive Interview Questions and Answers

Q1. Why do u want to join Internal audit
Ans. 
I am passionate about identifying risks and improving processes to add value to the organization.
• Enjoy analyzing data and identifying potential risks

• Passionate about improving processes and adding value to the organization

• Interested in working closely with different departments to ensure compliance

• Seeking a challenging and dynamic role that allows for continuous learning and growth
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Q2. What do u expect from NBFC firm audit
Ans. 
Expect thorough examination of financial records, compliance with regulations, risk assessment, and recommendations for improvement.
• Thorough examination of financial records to ensure accuracy and compliance

• Assessment of compliance with regulations and guidelines set by regulatory bodies

• Identification and evaluation of risks associated with the NBFC firm's operations

• Recommendations for improvement in internal controls ...read more
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Q1. 115 questions step model
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Q1. Tests managerial skills
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Q1. General Questions
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Q1. Tell me about yourself
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Q1. What is book keeping
Ans. 
Bookkeeping is the process of recording and organizing financial transactions of a business.
• Bookkeeping involves recording all financial transactions, such as sales, purchases, and expenses.

• It helps in maintaining accurate financial records and tracking the financial health of a business.

• Bookkeepers use various methods like double-entry bookkeeping to ensure accuracy.

• Bookkeeping is essential for preparing financial sta...read more
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Q1. Salary discussion
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Easy. It was related to finance and other professional areas.