Mazars Interview Questions, Process, and Tips

Test general statistics and mathematics knowledge.

We are divided into two groups.we had given four topics one by one and have 5 minutes to discuss each topic.

Excel assignment is given and 45 minutes are there to solve it.

Q1. Tell me about yourself.
Ans. 
I am a dedicated and experienced technician with a passion for problem-solving and attention to detail.
• Experienced in troubleshooting and repairing various technical equipment

• Strong attention to detail in performing tasks accurately

• Excellent problem-solving skills in identifying and resolving issues efficiently
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Q2. What do you know about different life insurance policies.
Ans. 
Different life insurance policies include term life, whole life, universal life, and variable life.
• Term life insurance provides coverage for a specific period of time.

• Whole life insurance offers coverage for the entire lifetime of the insured.

• Universal life insurance provides flexibility in premium payments and death benefits.

• Variable life insurance allows the policyholder to invest in separate accounts for potential g
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Q3. What is marine insurance?
Ans. 
Marine insurance is a type of insurance that covers ships, cargo, and other watercraft against risks like theft, damage, and liability.
• Marine insurance provides coverage for ships, boats, cargo, and other watercraft.

• It protects against risks such as theft, damage, collisions, and liability.

• There are different types of marine insurance policies, including hull insurance, cargo insurance, and liability insurance.

• Marine i...read more
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Q4. What are different methods of calculating reserves?
Ans. 
Different methods of calculating reserves include deterministic methods, probabilistic methods, and simulation models.
• Deterministic methods involve using fixed values for input parameters to calculate reserves.

• Probabilistic methods incorporate uncertainty by assigning probability distributions to input parameters.

• Simulation models simulate multiple scenarios to estimate reserves based on different input assumptions.
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Q5. How keen are you to learn new things?
Ans. 
I am extremely keen to learn new things and always strive to expand my knowledge and skills.
• I actively seek out opportunities for professional development and training

• I enjoy challenging myself with new projects and tasks

• I am open to feedback and constructive criticism to improve my skills

• I regularly attend workshops, seminars, and conferences to stay updated in my field
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Q1. Describe each step of P2P Process with risk at each step.
Ans. 
P2P Process involves requisition, approval, purchase order, goods receipt, invoice verification, and payment.
• Requisition: Risk of incorrect or unauthorized requests leading to unnecessary purchases.

• Approval: Risk of delays or errors in approval process causing delays in procurement.

• Purchase Order: Risk of incorrect details or unauthorized purchases being made.

• Goods Receipt: Risk of receiving damaged or incorrect goods,...read more
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Q2. What is ghost employee and how can we identify ghost employee?
Ans. 
A ghost employee is a fictitious employee created by someone to embezzle funds from a company.
• Ghost employees may have fake identities and bank accounts.

• They may receive paychecks without actually working for the company.

• To identify ghost employees, cross-check employee records with HR and payroll data.

• Look for discrepancies in employee attendance, performance, and salary payments.

• Conduct regular audits and reviews of
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Q3. What checks can you perform from PO dump?
Ans. 
Perform various checks on purchase order data dump
• Verify accuracy of vendor information

• Check for duplicate PO numbers

• Ensure correct pricing and quantities

• Validate delivery dates

• Confirm approval signatures
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Q1. Are you ok with travelling and late sitting?
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Q2. We need you to join from next Monday.
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Q1. Question from ESG framework
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Q1. P2P process and risk at each step.
Ans. 
P2P process involves requisition, approval, purchase order, goods receipt, invoice receipt, and payment.
• Requisition: Request for goods or services

• Approval: Authorization of the requisition by appropriate personnel

• Purchase Order: Formal document to the supplier specifying the details of the purchase

• Goods Receipt: Verification of goods received matching the purchase order

• Invoice Receipt: Receipt of invoice from the suppl
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Q2. Major observations or risk identified in your internal audit experience.
Ans. 
Key risks identified in internal audit experience
• Lack of segregation of duties leading to potential fraud

• Inadequate controls over financial reporting

• Insufficient IT security measures

• Non-compliance with regulations and policies

• Weaknesses in inventory management
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Q3. How to identified ghost employees?
Ans. 
Ghost employees can be identified by cross-referencing payroll records with HR records and conducting regular audits.
• Cross-reference payroll records with HR records to identify discrepancies

• Conduct regular audits of employee information and payroll to detect any anomalies

• Implement strong internal controls and segregation of duties to prevent ghost employees

• Use biometric verification or time-tracking systems to ensure e...read more
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Q4. What procedure can you perform from PO dump?
Ans. 
You can perform procedures such as creating purchase orders, updating purchase orders, cancelling purchase orders, etc. from a PO dump.
• Creating new purchase orders based on the information in the dump

• Updating existing purchase orders with new information

• Cancelling purchase orders that are no longer needed

• Reviewing and analyzing purchase order data for insights
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Q1. Some personal questions.
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