Kirtane & Pandit Interview Questions and Answers

I am an experienced Audit Executive with a strong background in financial analysis and risk management.

• Over 10 years of experience in auditing and financial analysis

• Led audit teams in conducting risk assessments and implementing internal controls

• Developed and implemented audit plans to ensure compliance with regulatory requirements

• Managed relationships with clients and stakeholders to address audit findings and provide

My best 3 observations are attention to detail, strong analytical skills, and effective communication.

• Attention to detail: I have a keen eye for spotting errors and inconsistencies in financial records.

• Strong analytical skills: I am able to analyze complex data and identify trends or anomalies.

• Effective communication: I can clearly communicate audit findings and recommendations to stakeholders.

I have 5 years of experience in KYC processes in the banking industry.

• 5 years of experience in KYC processes

• Proficient in conducting customer due diligence

• Knowledge of regulatory requirements related to KYC

• Experience in identifying and mitigating risks associated with KYC

• Implemented KYC procedures to ensure compliance

I have 10 years of total working experience in the field of audit.

• 10 years of working experience in audit

• Experience includes roles such as Audit Manager and Senior Auditor

• Extensive experience in conducting financial audits and risk assessments

Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.

• Involves recording financial transactions

• Summarizing financial data in financial statements

• Analyzing financial information to make business decisions

• Reporting financial results to stakeholders

• Examples include balance sheets, income statements, and cash flow statements

Indirect tax is a tax collected by an intermediary (such as a retailer) from the person who ultimately bears the economic burden of the tax.

• Indirect taxes are not directly paid by the consumer to the government.

• They are imposed on goods and services, and the burden is passed on to the final consumer.

• Examples include sales tax, value-added tax (VAT), excise duty, and customs duty.

Capital gain is the profit that results from a sale of a capital asset, such as stocks, bonds, or real estate.

• Capital gain is the difference between the purchase price and the selling price of an asset.

• It is considered a taxable event by the IRS.

• Long-term capital gains are taxed at a lower rate than short-term capital gains.

• Examples of capital assets include stocks, bonds, real estate, and precious metals.

Income tax slab rates are the different levels of income at which different tax rates apply.

• Income up to Rs. 2.5 lakh is exempt from tax

• Income between Rs. 2.5 lakh to Rs. 5 lakh is taxed at 5%

• Income between Rs. 5 lakh to Rs. 10 lakh is taxed at 20%

• Income above Rs. 10 lakh is taxed at 30%

I am a detail-oriented and organized individual with a strong background in accounting and finance.

• Bachelor's degree in Accounting

• 2+ years of experience in accounts payable and receivable

• Proficient in using accounting software such as QuickBooks

• Strong analytical and problem-solving skills

• Excellent communication and interpersonal skills