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Mazars Group Audit Associate Interview Questions, Process, and Tips
Mazars Group Audit Associate Interview Experiences
1 interview found
Anonymous
I applied via Walk-in and was interviewed in Feb 2021. There was 1 interview round.
Interview Questionnaire
8 Questions
- Q1. Tell me about yourself.
- Q2. What kind of work bas been done by you.
- Q3. List 5 risks in order to cash cycle
- Ans.
The risks in order to cash cycle include fraud, errors, delays, bad debts, and insufficient controls.
Fraudulent activities by employees or customers can lead to financial losses.
Errors in recording transactions or reconciling accounts can result in inaccurate financial statements.
Delays in receiving payments or processing invoices can affect cash flow.
Bad debts or uncollectible accounts can impact profitability.
Insuffi...
- Q4. State two significant findings in Internal audit
- Ans.
Two significant findings in Internal audit
Inadequate documentation of financial transactions
Lack of segregation of duties
Inefficient inventory management
Non-compliance with company policies and procedures
Inadequate IT controls
Weaknesses in the control environment
Inaccurate financial reporting
Fraudulent activities
Inadequate risk management
Insufficient internal controls over financial reporting
- Q5. How much time would you require to audit order to cash cycle
- Ans.
The time required to audit order to cash cycle depends on the size and complexity of the organization.
The size and complexity of the organization will determine the time required for the audit.
The availability and accuracy of data will also impact the time required.
The experience and efficiency of the audit team will play a role in the time required.
On average, it can take anywhere from a few weeks to several months to...
- Q6. Will you be able to complete an assignment with one article?
- Q7. How will you carry out a risk based assessment
- Ans.
Risk based assessment involves identifying potential risks and evaluating their likelihood and impact on the audit process.
Identify potential risks based on the nature of the audit and the client's industry
Evaluate the likelihood and impact of each risk
Determine the level of risk and prioritize areas for further audit testing
Document the risk assessment process and findings
Update the risk assessment throughout the audi
- Q8. What is the ideal sample size suggested by ICAI to carry out ICOFR? How will you select your sample?
- Ans.
ICAI suggests a sample size of 60-80% for ICOFR. Sample selection based on risk assessment and materiality.
ICAI suggests a sample size of 60-80% for ICOFR
Sample selection should be based on risk assessment and materiality
The sample should be representative of the population being tested
The sample should include both high-risk and low-risk areas
The sample should be selected randomly or using a systematic approach
The sam...
Interview Preparation Tips
Do estimate a practical time line in which you can complete an audit.
Be thorough with the standards and Guidance Notes issued by Icai.
Top trending discussions
Interview questions from similar companies
Selected
I applied via Campus Placement and was interviewed before Dec 2023. There were 3 interview rounds.
It was general aptitude question similar to CAT but easier.
The topic was convenient and not difficult jargon.
(2 Questions)
- Q1. Previous internship questions
- Q2. Tell me about yourself
Interview Questionnaire
2 Questions
- Q1. What is financial ratio analysis
- Ans.
Financial ratio analysis is the process of evaluating a company's financial performance by comparing different financial ratios.
It involves analyzing financial statements to calculate ratios such as liquidity ratios, profitability ratios, and solvency ratios.
These ratios are then compared to industry benchmarks or historical data to determine the company's financial health.
For example, a high current ratio (current ass...
- Q2. Financial ratio analysis is one quantitative tool. It uses to assess the company performance during the year or previous year's also. By using these tool to find out company growth, debts and profits or p...
Interview Preparation Tips
Selected
I applied via Approached by Company and was interviewed in Jan 2024. There were 4 interview rounds.
(1 Question)
- Q1. Standard discussion to judge skills and communication
(2 Questions)
- Q1. Basics of itgc and BCM
- Q2. Past experience
(1 Question)
- Q1. Detailed Internal audit
(1 Question)
- Q1. Salary discussion
Interview Preparation Tips
- Basics of internal audits
Badal Johry
Selected
I was interviewed in Mar 2024.
(2 Questions)
- Q1. What do you about compliance
- Ans.
Compliance refers to following laws, regulations, policies, and standards to ensure ethical and legal business practices.
Compliance involves adhering to laws, regulations, and industry standards relevant to the organization's operations.
It includes implementing policies and procedures to prevent violations and ensure ethical conduct.
Regular audits and monitoring are conducted to assess compliance and identify areas for...
- Q2. Types of complaince
- Ans.
Types of compliance refer to different categories of rules and regulations that organizations must adhere to.
Regulatory compliance - following laws and regulations set by government authorities
Industry compliance - adhering to specific standards and guidelines within a particular industry
Internal compliance - following company policies and procedures
Data compliance - ensuring the protection and privacy of data
Financial...
Selected
I applied via Walk-in and was interviewed before Oct 2022. There were 3 interview rounds.
Lots of aptitude question with 10 difficulty
(2 Questions)
- Q1. What us your expected salary
- Q2. Target after 5 years
- Ans.
To become a certified internal auditor and take on a leadership role within the organization.
Obtain certification as a Certified Internal Auditor (CIA)
Develop strong leadership and communication skills
Take on more challenging audit assignments
Mentor junior auditors
Contribute to the strategic direction of the internal audit function
Selected
I applied via Recruitment Consulltant and was interviewed before Aug 2022. There were 4 interview rounds.
(2 Questions)
- Q1. Say about yourself
- Q2. What is your expectation
(1 Question)
- Q1. Field related technical question
(1 Question)
- Q1. Say about yourself, as a person how you are
(1 Question)
- Q1. All related to your cv and audit discussion
Interview Preparation Tips
Be prepared for articleship experience
I applied via Company Website and was interviewed in Oct 2021. There was 1 interview round.
Interview Questionnaire
2 Questions
- Q1. Tell me about yourself
- Ans. Hi sir, I am Bala Gangadhra rao,I am from Perukalapudi,
- Q2. What are your greatest strengths
- Ans. My strengths is good professor in management
Interview Preparation Tips
Interview Preparation Tips
Experience: Aptitude test with reasoning, general knowledge and little of maths. Just answer only if you are sure
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