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Mahajan & Aibara Interview Questions and Answers
8 Interview questions
Risks in hiring process include making a poor cultural fit, hiring unqualified candidates, and potential legal issues.
Poor cultural fit can lead to decreased morale and productivity
Hiring unqualified candidates can result in poor performance and high turnover rates
Potential legal issues such as discrimination or wrongful termination can lead to costly lawsuits
Internal auditing is a process that evaluates and improves the effectiveness of an organization's risk management, control, and governance processes.
Internal auditing is an independent and objective assurance activity
It helps organizations accomplish their objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes
Inte...
Functional audits carry risks that can impact the organization.
Lack of objectivity: Auditors may have biases or conflicts of interest that can affect the audit process.
Limited scope: Functional audits may focus on specific areas, potentially overlooking broader organizational issues.
Resistance to change: Audits can uncover deficiencies or areas for improvement, which may be met with resistance from employees or ma...
Internal audit provides a more comprehensive view of the organization's operations and helps identify areas for improvement.
Internal audit focuses on evaluating and improving the effectiveness of an organization's risk management, control, and governance processes.
Statutory audit is a legal requirement and focuses on ensuring compliance with applicable laws and regulations.
Internal audit provides valuable insights...
Statutory audit is mandatory and conducted by external auditors while internal audit is voluntary and conducted by internal auditors.
Statutory audit is conducted to ensure compliance with legal and regulatory requirements while internal audit is conducted to evaluate and improve the effectiveness of internal controls.
Statutory audit is mandatory for all companies while internal audit is voluntary and can be conduc...
Audit is a systematic examination of financial records, statements, and transactions of an organization.
Audit is conducted to ensure accuracy, reliability, and compliance with laws and regulations.
It involves examining financial records, statements, and transactions of an organization.
Auditors provide an opinion on the fairness and accuracy of the financial statements.
Types of audits include internal audit, extern...
Stat audit is mandatory by law, while internal audit is voluntary and conducted by the company itself.
Statutory audit is conducted by external auditors, while internal audit is conducted by the company's own employees.
Statutory audit is mandatory and required by law, while internal audit is voluntary and conducted by the company itself.
Statutory audit is focused on ensuring compliance with legal and regulatory req...
Internal audit is an independent and objective assurance activity designed to add value and improve an organization's operations.
It evaluates the effectiveness of risk management, control, and governance processes.
It helps organizations accomplish their objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
It provid...
Mahajan & Aibara Interview Experiences
10 interviews found
Anonymous
Selected
I applied via Referral and was interviewed in Jul 2024. There was 1 interview round.
(2 Questions)
- Q1. Risks in Hiring process?
- Ans.
Risks in hiring process include making a poor cultural fit, hiring unqualified candidates, and potential legal issues.
Poor cultural fit can lead to decreased morale and productivity
Hiring unqualified candidates can result in poor performance and high turnover rates
Potential legal issues such as discrimination or wrongful termination can lead to costly lawsuits
- Q2. Tell me about yourself
- Ans.
I am a dedicated and hardworking individual with a passion for accounting and finance.
Completed Bachelor's degree in Accounting
Currently pursuing CPA certification
Interned at a local accounting firm for 1 year
Proficient in Microsoft Excel and QuickBooks
Selected
I appeared for an interview before Jun 2024, where I was asked the following questions.
- Q1. Can you provide a detailed overview of your professional experience?
- Ans.
Experienced talent acquisition leader with a focus on executive recruitment and strategic workforce planning.
Over 10 years in talent acquisition, specializing in executive-level placements.
Successfully led recruitment for a Fortune 500 company, filling C-suite positions.
Implemented data-driven recruitment strategies that reduced time-to-hire by 30%.
Developed strong relationships with hiring managers to understand their...
- Q2. Why are you seeking a change in your current position?
- Ans.
I'm seeking new challenges and opportunities for growth that align with my career aspirations and values.
Desire for professional growth: I'm looking for a role that offers more leadership opportunities, like managing a larger team.
Alignment with values: I want to work for a company whose mission resonates with my personal values, such as sustainability.
Seeking new challenges: My current role has become routine, and I'm...
Selected
I applied via LinkedIn and was interviewed in Jan 2024. There were 2 interview rounds.
(1 Question)
- Q1. What do you know abt internal auditing
- Ans.
Internal auditing is a process that evaluates and improves the effectiveness of an organization's risk management, control, and governance processes.
Internal auditing is an independent and objective assurance activity
It helps organizations accomplish their objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes
Internal ...
(1 Question)
- Q1. Specifics abt internal auditing
Nishant Lamba
(1 Question)
- Q1. Risks of functional audits
- Ans.
Functional audits carry risks that can impact the organization.
Lack of objectivity: Auditors may have biases or conflicts of interest that can affect the audit process.
Limited scope: Functional audits may focus on specific areas, potentially overlooking broader organizational issues.
Resistance to change: Audits can uncover deficiencies or areas for improvement, which may be met with resistance from employees or managem...
Interview Preparation Tips
Selected
I appeared for an interview before Nov 2023.
(3 Questions)
- Q1. Over all experience?
- Q2. Relevant experience?
- Q3. Question regarding the job profile.
(3 Questions)
- Q1. Technical questions related to the job profile.
- Q2. Questions on hobbies and family
- Q3. Technical Case specific questions
Interview Preparation Tips
Selected
I applied via Job Portal and was interviewed in Nov 2022. There were 2 interview rounds.
(2 Questions)
- Q1. What do you mean by audit
- Ans.
Audit is a systematic examination of financial records, statements, and transactions of an organization.
Audit is conducted to ensure accuracy, reliability, and compliance with laws and regulations.
It involves examining financial records, statements, and transactions of an organization.
Auditors provide an opinion on the fairness and accuracy of the financial statements.
Types of audits include internal audit, external au...
- Q2. Difference between statutory audit and internal audit
- Ans.
Statutory audit is mandatory and conducted by external auditors while internal audit is voluntary and conducted by internal auditors.
Statutory audit is conducted to ensure compliance with legal and regulatory requirements while internal audit is conducted to evaluate and improve the effectiveness of internal controls.
Statutory audit is mandatory for all companies while internal audit is voluntary and can be conducted b...
Interview Preparation Tips
Selected
I applied via Referral and was interviewed in Jan 2023. There were 2 interview rounds.
(2 Questions)
- Q1. Why internal audit & why not statutory audit..?
- Ans.
Internal audit provides a more comprehensive view of the organization's operations and helps identify areas for improvement.
Internal audit focuses on evaluating and improving the effectiveness of an organization's risk management, control, and governance processes.
Statutory audit is a legal requirement and focuses on ensuring compliance with applicable laws and regulations.
Internal audit provides valuable insights into...
- Q2. Why Mahajan & Aibara and about company
Interview Preparation Tips
Selected
I applied via Newspaper Ad and was interviewed before Apr 2023. There were 2 interview rounds.
(1 Question)
- Q1. What is Internal Audit
- Ans.
Internal audit is a process conducted by an organization to evaluate and improve the effectiveness of risk management, control, and governance processes.
Internal audit helps organizations identify and mitigate risks, improve operational efficiency, and ensure compliance with laws and regulations.
Internal auditors provide independent and objective assessments of an organization's internal controls and processes.
Examples...
Few case studies related audit were asked
Interview Preparation Tips
I applied via Company Website and was interviewed in Feb 2022. There was 1 interview round.
(2 Questions)
- Q1. What is internal audit?
- Ans.
Internal audit is an independent and objective assurance activity designed to add value and improve an organization's operations.
It evaluates the effectiveness of risk management, control, and governance processes.
It helps organizations accomplish their objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
It provides in...
- Q2. Diff between stat and internal audit?
- Ans.
Stat audit is mandatory by law, while internal audit is voluntary and conducted by the company itself.
Statutory audit is conducted by external auditors, while internal audit is conducted by the company's own employees.
Statutory audit is mandatory and required by law, while internal audit is voluntary and conducted by the company itself.
Statutory audit is focused on ensuring compliance with legal and regulatory requirem...
Interview Preparation Tips
I applied via Naukri.com and was interviewed in Dec 2020. There was 1 interview round.
Interview Questionnaire
2 Questions
- Q1. 1.about company policies
- Q2. 2. About my main roles and responsibilities.
Interview Preparation Tips
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Mahajan & Aibara Interview FAQs
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based on 8 interview experiences
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Mahajan & Aibara Reviews and Ratings
based on 78 reviews
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5-10 Yrs
Not Disclosed
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