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Maheshwari & Associates Audit Executive Interview Questions, Process, and Tips

Updated 18 Aug 2023

Maheshwari & Associates Audit Executive Interview Experiences

1 interview found

Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(6 Questions)

  • Q1. What is stale cheque?
  • Ans. 

    A stale cheque is a check that is not cashed or deposited by the recipient within a certain period of time, usually 6 months.

    • Stale cheques are not valid for payment after a certain period of time, typically 6 months.

    • Banks may refuse to honor stale cheques due to the risk of fraud or insufficient funds.

    • Recipients should deposit or cash cheques promptly to avoid them becoming stale.

    • Stale cheques can be reissued by the is...

  • Answered by AI
  • Q2. What is collateral security?
  • Ans. 

    Collateral security is an asset or property that a borrower offers to a lender as a guarantee for a loan.

    • Collateral security provides a form of protection for the lender in case the borrower defaults on the loan.

    • Common types of collateral security include real estate, vehicles, equipment, or investments.

    • The value of the collateral is assessed by the lender to determine the amount of the loan that can be provided.

    • If the...

  • Answered by AI
  • Q3. What is Primary Security?
  • Ans. 

    Primary security refers to the first layer of security measures implemented to protect assets, data, or information.

    • Primary security is the initial level of protection put in place to safeguard against unauthorized access or threats.

    • It includes measures such as passwords, encryption, firewalls, and access controls.

    • Examples of primary security measures include setting up strong passwords for accounts, using encryption t...

  • Answered by AI
  • Q4. How to verify KYC?
  • Ans. 

    KYC verification involves confirming the identity of customers to prevent fraud and money laundering.

    • Collecting and verifying official identification documents such as passports or driver's licenses

    • Cross-checking information provided by customers with external databases

    • Conducting in-person verification for high-risk customers

    • Utilizing technology such as facial recognition or biometric verification

    • Regularly updating and

  • Answered by AI
  • Q5. What is an escrow account?
  • Ans. 

    An escrow account is a financial arrangement where a third party holds and regulates payment of funds for two parties involved in a transaction.

    • Used in real estate transactions to hold funds until all conditions are met

    • Common in mergers and acquisitions to hold funds for potential liabilities

    • Can be used in online transactions to ensure both parties fulfill their obligations

  • Answered by AI
  • Q6. What is a contingent liability?
  • Ans. 

    A contingent liability is a potential liability that may or may not occur depending on the outcome of a future event.

    • Contingent liabilities are disclosed in the notes to financial statements.

    • They are not recognized on the balance sheet but may have to be recorded if certain conditions are met.

    • Examples include pending lawsuits, warranties, and guarantees.

    • The likelihood of the contingent liability and the amount involved...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be honest, confident & courteous.

Interview questions from similar companies

Interview Questionnaire 

1 Question

  • Q1. Proper knowledge of Accounting and Auditing

Interview Preparation Tips

Interview preparation tips for other job seekers - Well revised accounting concept and Accounting principal and Audit

I applied via Referral and was interviewed in Dec 2020. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Technical

Interview Preparation Tips

Interview preparation tips for other job seekers - The interview lasted for 30 minutes and technical questions were asked on the basis of the information provided in the CV and relating to the job profile applied for. My advice be honest about your concepts and don't lie regarding your past work experience.

I applied via Company Website and was interviewed in Feb 2021. There were 4 interview rounds.

Interview Questionnaire 

3 Questions

  • Q1. Ind AS - latest ones Revenue related questions CARO 2020
  • Q2. Companies Act
  • Q3. Articleship experiences

Interview Preparation Tips

Interview preparation tips for other job seekers - Stay calm and maintain a smile. They look for learning attitude, not learnt individuals
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Approached by Company and was interviewed before Mar 2022. There were 3 interview rounds.

Round 1 - HR 

(3 Questions)

  • Q1. When you cleared your examination.
  • Q2. Attempts in which cleared
  • Q3. What is your Expected salary?
Round 2 - Technical 

(3 Questions)

  • Q1. Question was based on IFRS 16
  • Q2. CARO application was also asked
  • Q3. Question was also based on depreciation methodology
Round 3 - Behavioral 

(2 Questions)

  • Q1. Tell me about yourself
  • Q2. SWOT analysis of yourself
  • Ans. 

    I am a detail-oriented and adaptable individual with strong analytical skills.

    • Strengths: Strong analytical skills, detail-oriented, adaptable

    • Weaknesses: Can be overly critical of myself, tendency to overthink

    • Opportunities: Continuously learning and improving skills, networking with professionals in the field

    • Threats: Rapidly changing technology and regulations, potential for burnout in a high-pressure work environment

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be always confident.
If you don't know the answer then say clearly you don't know.
And don't strech answer too long
Try to give interview over laptop or PC than mobile.
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed in May 2024. There were 2 interview rounds.

Round 1 - Technical 

(2 Questions)

  • Q1. ECL provision explain
  • Ans. 

    ECL provision is the estimated amount that a company sets aside to cover potential losses on its loans and other assets.

    • ECL stands for Expected Credit Losses.

    • It is a provision made by financial institutions to account for potential losses on loans and other financial assets.

    • The provision is based on historical data, current economic conditions, and future expectations.

    • ECL provision is required under accounting standard...

  • Answered by AI
  • Q2. How will you audit the Borrowing area
  • Ans. 

    I will audit the Borrowing area by reviewing loan agreements, analyzing interest rates, and assessing compliance with borrowing policies.

    • Review loan agreements to ensure terms are being followed

    • Analyze interest rates to verify accuracy and reasonableness

    • Assess compliance with borrowing policies to identify any violations or discrepancies

  • Answered by AI
Round 2 - Technical 

(1 Question)

  • Q1. CARO 2016 vs CARO 2020
  • Ans. 

    CARO 2016 focused on reporting requirements for companies, while CARO 2020 introduced additional reporting requirements and emphasized on fraud detection.

    • CARO 2016 primarily focused on reporting requirements for companies.

    • CARO 2020 introduced additional reporting requirements such as reporting on internal financial controls and fraud detection.

    • CARO 2020 emphasized on the responsibility of auditors to detect and report ...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be calm and confident in your answer

I applied via Approached by Company and was interviewed in Feb 2022. There was 1 interview round.

Round 1 - Technical 

(1 Question)

  • Q1. 1) Ind As - 115 2) Ind As - 116 3) Ind As - 2 4) Latest Schedule III amendments 5) CARO 2020 6) How to Audit Bank Balance 7) How to audit Trade payables 8) Some general Physiological questions

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident with interviewer and speak exactly what you had experience , don’t create things , Resume should be fair , prepare some important topics before applying for job interviews !!

I applied via Referral and was interviewed in Apr 2021. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. My qestion were around job role for which i had apllied and current ammendments

Interview Preparation Tips

Interview preparation tips for other job seekers - Always remember to have a clearilty of subject of job role and any news, changes in those areas.
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Job Portal and was interviewed before Jun 2023. There was 1 interview round.

Round 1 - One-on-one 

(2 Questions)

  • Q1. Difference between audit and accounting
  • Ans. 

    Audit focuses on verifying financial information for accuracy and compliance, while accounting involves recording, classifying, and summarizing financial transactions.

    • Audit is an independent examination of financial information, whereas accounting involves the preparation and maintenance of financial records.

    • Auditors provide assurance on the accuracy and reliability of financial statements, while accountants are respon...

  • Answered by AI
  • Q2. What is ebita and brs
  • Ans. 

    EBITA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. BRS stands for Bank Reconciliation Statement.

    • EBITA is a measure of a company's operating performance without factoring in interest, taxes, depreciation, and amortization.

    • BRS is a statement that reconciles the balance in a company's bank account with the balance shown in its accounting records.

    • EBITA helps in evaluating a company's profitab...

  • Answered by AI
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Technical 

(1 Question)

  • Q1. Ind as adjustment , company audit Tax audit

Interview Preparation Tips

Interview preparation tips for other job seekers - Keep updated with amendment in balancesheet and P&L

Maheshwari & Associates Interview FAQs

How many rounds are there in Maheshwari & Associates Audit Executive interview?
Maheshwari & Associates interview process usually has 2 rounds. The most common rounds in the Maheshwari & Associates interview process are Resume Shortlist and One-on-one Round.
What are the top questions asked in Maheshwari & Associates Audit Executive interview?

Some of the top questions asked at the Maheshwari & Associates Audit Executive interview -

  1. What is a contingent liabili...read more
  2. What is stale cheq...read more
  3. What is collateral securi...read more

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Maheshwari & Associates Audit Executive Interview Process

based on 1 interview

Interview experience

4
  
Good
View more

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Maheshwari & Associates Audit Executive Reviews and Ratings

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5.0/5

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4.0

Skill development

5.0

Work-life balance

4.0

Salary

4.0

Job security

4.0

Company culture

4.0

Promotions

4.0

Work satisfaction

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