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Mazars Consultant Interview Questions, Process, and Tips
Top Mazars Consultant Interview Questions and Answers
- Q1. What is ghost employee and how can we identify ghost employee?
- Q2. What checks can you perform from PO dump?
- Q3. What procedure can you perform from PO dump?
Mazars Consultant Interview Experiences
3 interviews found
Anonymous
(3 Questions)
- 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,...
- 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
- 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
(2 Questions)
- Q1. Are you ok with travelling and late sitting?
- Q2. We need you to join from next Monday.
Interview Preparation Tips
(4 Questions)
- 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
- 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
- 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...
- 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
(1 Question)
- Q1. Some personal questions.
Interview Preparation Tips
I appeared for an interview in Mar 2022.
(3 Questions)
- Q1. Various types of valuations
- Ans.
Valuations can be of various types depending on the purpose and method used.
Asset-based valuation
Market-based valuation
Income-based valuation
Liquidation valuation
Replacement cost valuation
- Q2. Equity vs enterprise value
- Ans.
Equity represents ownership in a company, while enterprise value represents the total value of a company.
Equity is the residual interest in the assets of a company after liabilities are paid off
Enterprise value is the sum of equity, debt, minority interest, and preferred stock minus cash and cash equivalents
Equity is used to calculate metrics such as return on equity and price-to-book ratio
Enterprise value is used to c...
- Q3. Comparable company analysis vs comparable transaction analysis
- Ans.
Comparable company analysis compares multiples of similar public companies while comparable transaction analysis compares multiples of similar M&A deals.
Comparable company analysis is based on multiples of similar public companies
Comparable transaction analysis is based on multiples of similar M&A deals
Comparable company analysis is more commonly used
Comparable transaction analysis is more accurate but harder to find d...
Interview Preparation Tips
Interview questions from similar companies
I appeared for an interview in Aug 2017.
Interview Preparation Tips
Experience: Offline test. Mostly concerned with data sufficiency, geometry and age relations and such apti questions. In verbal part there was sentence equivalence and completion questions. Small RC passages were as well.
Round: Technical Interview
Experience: I was mostly asked some problems and approaches of mathematics and I had been asked about an algorithm I implemented in one of my research project.
College Name: Jadavpur University, Kolkata
Interview Questionnaire
8 Questions
- Q1. Asked about basic infrastructure Planning questions
- Q2. Why do you think Infrastructure in India is a high growth sector ?
- Ans.
Infrastructure in India is a high growth sector due to increasing urbanization, government initiatives, and foreign investments.
India's urban population is expected to reach 600 million by 2030, leading to a demand for better infrastructure
The government's initiatives like Smart Cities Mission, Bharatmala Project, and Sagarmala Project are driving infrastructure development
Foreign investments in infrastructure projects...
- Q3. How much Foreign Direct Investment is coming into India ?
- Ans.
India received $64 billion in FDI in 2020-21, a 10% increase from the previous year.
India is one of the top FDI destinations in the world.
Major sectors attracting FDI include services, computer software and hardware, and telecommunications.
Singapore, Mauritius, and the United States are the top sources of FDI in India.
The Indian government has implemented various policies to attract more FDI, such as liberalizing FDI n
- Q4. Tell us about yourself
- Ans.
I am a highly motivated and experienced professional with a passion for problem-solving and teamwork.
I have a degree in computer science and have worked in the tech industry for 5 years.
I am skilled in programming languages such as Java, Python, and C++.
I have experience leading teams and collaborating with cross-functional teams.
I am a quick learner and enjoy taking on new challenges.
In my free time, I enjoy hiking an
- Q5. Why Finance ?
- Ans.
Finance is a crucial aspect of any business, as it helps in managing and allocating resources effectively.
Finance helps in making informed business decisions
It helps in managing cash flow and allocating resources effectively
Finance plays a key role in determining the financial health of a company
It helps in raising capital for business expansion and growth
Finance also involves risk management and financial planning
- Q6. Why Deloitte and not other consulting firms ?
- Ans.
Deloitte's reputation for innovation, global reach, and diverse expertise sets it apart from other consulting firms.
Deloitte has a strong focus on innovation and technology, which allows them to provide cutting-edge solutions to clients.
Deloitte has a global network of offices and professionals, which enables them to provide services to clients in various regions and industries.
Deloitte has a diverse range of expertise...
- Q7. Why would you not take up a finance job when that is your passion ?
- Ans.
I would not take up a finance job if it does not align with my values and goals.
Passion alone is not enough to sustain a fulfilling career.
I prioritize finding a job that aligns with my values and goals.
If a finance job does not align with my values and goals, it would not be a good fit for me.
For example, if I am passionate about finance but also value work-life balance, I may not take up a high-stress finance job tha...
- Q8. Can you tell us more about your background ?
Interview Preparation Tips
Tips: Have a well prepared resume that suits for the role you are applying for.
Round: Technical Interview
Experience: They asked me a lot of questions based on my resume. I had done a lot of projects and courses related to Finance. I infact wanted them to ask me questions related to that as i was very well prepared. I told them about my passion for finance and the director who was from IIM Ahmedabad started asking me questions related to that. That i answered pretty well.
Tips: Be good at what you do. Prepare all your resume points in detail. Theres no excuse to that. Doesnt matter if its related to the profile you are getting interviewed for.
Round: HR Interview
Experience: Except the background and about me I was asked more so of why I was not applying for a finance company and why only Deloitte. I was frank and told them that because of the recession ( euro zone debt crisis at that time ) very few companies came on campus. Hence Deloitte. But also explained them that I liked Deloitte Consulting profile as well because of the kind of work profile it offered.
Tips: Be honest and clear about what you want. They can easily catch you otherwise if you are faking or not.
Do not be hesitant to tell them why you really like them - it could be the work profile / money / etc or a combination of these.
General Tips: Be calm and Cool ? - No. You cant be i think if you are serious about getting placed. [ I feel ]
Prepare smartly ! The more the hardwork, higher the chances of getting your dream job. Many think that it just goes waste but I feel that more than the interview and getting a job you develop a lot of skills under that placement pressure and you should be very positive about it.
Many of the people just chill out completely after placements even if they get a job they dont like.
NEVER GIVE UP ! You spend 70 % of your life at work, hence do not compromise or settle for less. You will regret later on that you did not try enough.
I did get into JP Morgan - Equity Research after Deloitte :) Its a separate story that I left that company as well in 4 months and started www.AmbitionBox.com :P
Skill Tips: Most of them you would know but revise well before the interview so that you dont get stuck anywhere while answering. You should at the bare minimum know the very basics of Finance, Infrastructure planning and Management and Bidding. Also it depends on the coursework you have done. The interviewer might ask you questions related to that.
Skills: Communication, Infrastructure Finance, Financial Modelling, Infrastructure Management, Project Bidding , Valuations, Cost Analysis
College Name: IIT MADRAS
Motivation: The profile was good. But frankly that time since i was more inclined towards finance I wanted Bombay as my location being the financial capital and the office at 30th Floor excited me :) Also there were a lot of investment banks in the new Indiabulls Office building, I just thought I could apply off campus there and get in. In retrospect all this sounds very immature. Net net it was all worth it to help me decide what i really wanted :)
Funny Moments: After being rejected and told over qualified by Credit Suisse and Nomura backing off from placements at IIT Madras because of slot issues I was directly going to sit for UBS Verity.Had prepared the least for this company. Had not changed my resume for the profile it offered. Was not well dressed. ( Not that its VERY important ) Did not prepare anything much. Had given the interview in the most causal way. But against all odds someone had already decided that this was the company i would get placed in - DESTINY ! Felt very strange at that time because had prepared really hard for other companies.
Conclusion - After seeing a lot of my friends getting placed and reading a lot of reviews on AmbitionBox of seniors - 70% of the people get placed in companies they least expect to get into :)
PS: Doesn't mean you stop trying :) Keep trying ! There's immense satisfaction when you get something you truly wanted after a lot of Hard and Smart Work !
All the best ! Most of the advice we give at AmbitionBox and that you probably get elsewhere are just hints to solve the equation and not the solutions themselves. So make your own recipe for success.
Hope this helps :)
Interview Questionnaire
3 Questions
- Q1. Asked questions about the projects which were mentioned in the resume
- Q2. A few questions were asked about the core intern which I did
- Q3. Asked about the family background
Interview Preparation Tips
Experience: 1st round: Panel of two. Asked questions about the projects which were mentioned in the resume. A few questions were asked about the core intern which I did. Asked about the family background.10 got selected in the next round of interviews.
I think for the second round of interviews they selected on basis of CG.
No case studies were asked Just my opinion was asked in certain topics in the second interview which was taken by the partner of the firm. He asked my opinion about construction in India.
I did well in the interview and they liked my story about my projects.
Tips: I think for the second round of interviews they selected on basis of CG.
I started preparing in Mid-November. I think placement is more about yourself. Starting earlier doesn't help.
General Tips: 2nd years: Decide where your interest lies. Have a decent CG at least above 8.
3rd years: Know your interest. Have mock PIs and GDs.
Be genuine. If you don’t know something just tell them, do not act to be over-smart.Just revise your basic level courses. Revise Contracts, IPM, Construction Management.
Skill Tips: Just revise your basic level courses.Revise Contracts, IPM, Construction Management.
College Name: IIT MADRAS
Interview Questionnaire
1 Question
- Q1. They asked me how would you determine toll for the Jamuna Expressway
- Ans.
Determining toll for Jamuna Expressway
Consider the distance of the expressway
Analyze the maintenance cost of the expressway
Take into account the traffic volume and expected revenue
Compare with toll rates of similar expressways
Consider the economic status of the region
Consult with experts and stakeholders
Interview Preparation Tips
Experience: 2 round of interview
First round- technical (basic infra stuff)Second round- HR skills- just a brush up of civil infra courses like Infrastructure Planning and Management(IPM), ECM.HR preparation – slight basic
First round- they took people with CG>=7.5
They asked me how would you determine toll for the Jamuna Expressway.
Tips: I started in September. Obviously early bird catches the fish.
Round: Interview
Experience: HR preparation – slight basic. My HR was very good. Moreover, my intern was in Mumbai Metro Rail, which helped me push in for infra. Also my PORs gave me an edge over others.
Tips: CFA played a crucial role for my friends.
General Tips: Basically puzzles, as they are helpful in almost every company. It provides you a direction for thinking.
www.brainden.com was a good site.
300,400 puzzles book was very good. (Available in DC++)
Have your resume ready early in the semester.Have mock GDs in your group.Have basic fundamentals about what’s going in the country and world. Don’t RG and prepare in groups.
College Name: IIT MADRAS
Interview Preparation Tips
Experience: Fundae session by seniors and a resume workshop by some company. Also, sent resume to some seniors for their opinions and I think this was an important part of it.
Tips: I suggest Pre-placement talks, are a must. What is more important is not to believe the PPTs completely and ask seniors about the level of fundaes (finance/tech/otherwise) and preparation required to crack the company. There is a lot of good material on ATKEARNEY and other website. Other than that I used the material available for years.
Round: Interview
Experience: Final offers in my division were 12. There were two levels of case interviews. The first interview was to judge if I would be suitable for the Strategy and Operations profile or for the Technology and Integration profile. There were two interviewers. They explained to me both the profiles and asked me what I wanted to choose and why. Then asked me some general HR questions like why consulting, why you etc. Then started off with an informal case study. It was about a new company which wanted to start a new low cost airline and had no experience in this market till now. It has two options: either to acquire an existing company or to build up all processes on their own. I was first asked to qualitatively mention what all aspects I would consider. After that they asked me what new things could this company do. They were pretty satisfied with my answers and I was confident of getting listed in the next round. In the next round there was single interviewer who was looking quite senior. Asked some HR questions. One case study about a consumer durables dealer which was again qualitative. Asked some HR questions that's it.
General Tips: Lack of interaction with seniors throughout IIT stay was one thing for which I had to pay. I had no seniors in my wing and I had no fundae of the amount of preparation required.
So make sure that you have certain information.
College Name: IIT-Bombay
Interview Questionnaire
17 Questions
- Q1. Tell me about yourself
- Q2. My Biggest Failure
- Ans.
My biggest failure was not effectively communicating with my team, leading to misunderstandings and delays.
Lack of clear communication resulted in missed deadlines
Failed to provide regular updates on project progress
Did not address team concerns in a timely manner
- Q3. Biggest Impact making achievement
- Ans.
Implementing a new software system that increased efficiency by 30%.
Researched and selected the best software solution for the company's needs
Collaborated with IT team to successfully implement the new system
Provided training to employees to ensure smooth transition
Monitored progress and made adjustments as needed
Resulted in a 30% increase in efficiency and cost savings
- Q4. My Hobbies
- Q5. How do I pursue them
- Q6. What kind of work interests me
- Ans.
I am interested in work that challenges me and allows me to continuously learn and grow.
Work that requires problem-solving and critical thinking
Opportunities for professional development and skill-building
Collaborative work environments that foster creativity and innovation
Projects that have a positive impact on society or the environment
Variety in tasks and responsibilities to keep things interesting
- Q7. Old boring question Why MBA?
- Q8. They asked me about the venture I started on campus
- Q9. Went deep into the challenges,
- Q10. Any things i could have done better
- Q11. Asked me to sell the business to him if he was a venture capitalist
- Q12. About competitions I had won
- Q13. About engineering college
- Q14. About roles and responsibilities at work-ex
- Q15. Any leadership roles?
- Ans.
Yes, I have held multiple leadership roles in various organizations.
Served as team leader in a project at XYZ Company
Led a student organization as president during college
Managed a team of 10 employees in previous job
- Q16. Case was picked up from my summer internship
- Q17. How would you approach it like a case and convince me that you can meet the objectives of the project providing all numbers and making calculations at every steps?
- Ans.
Approach the case with a structured methodology and provide detailed calculations to demonstrate meeting project objectives.
Define project objectives and scope
Conduct research and gather relevant data
Analyze data and identify key insights
Develop a strategy and action plan
Provide detailed calculations to support recommendations
Continuously monitor and evaluate progress towards objectives
Example: For a cost reduction pro...
Interview Preparation Tips
Skills: Case analysis, Economics
College Name: NA
Interview Questionnaire
12 Questions
- Q1. The first question they asked was What was so special about me
- Q2. Why would I like to do consulting in the first place
- Q3. They said that Consulting is about working in an unstructured situation
- Q4. Did I face any such instances during my work before?
- Ans.
Yes, I have faced instances where I had to handle difficult clients and resolve conflicts in a professional manner.
Handled a client who was unhappy with the project outcome by actively listening to their concerns and finding a mutually beneficial solution
Resolved conflicts between team members by facilitating open communication and finding common ground
Managed a situation where a project deadline was at risk by priorit
- Q5. Then asked about why I wanted to join Deloitte
- Q6. Since my CV showed some bent towards Operations, therefore they asked me how do I justify consulting as a career option
- Q7. They went on to ask some questions on Operations- What is the quality of operations management done by indian companies?
- Q8. Do you think its all hunky dory or were there any really bad failures in the past?
- Q9. What were the most important events in the past year which affected global supply chains?
- Ans.
The COVID-19 pandemic and trade tensions were the most important events affecting global supply chains.
The COVID-19 pandemic caused disruptions in supply chains due to lockdowns, travel restrictions, and reduced demand.
Trade tensions between the US and China led to tariffs and uncertainty, affecting global trade and supply chains.
Natural disasters such as hurricanes and wildfires also impacted supply chains, causing de...
- Q10. They asked me the requirements of my role- What is required to be a consultant? Was I Ok with Travel?
- Q11. How would you build flipkart from a $100m company to a billion dollar one?
- Ans.
To build Flipkart from a $100m company to a billion dollar one, focus on expanding product offerings, improving customer experience, and expanding into new markets.
Expand product offerings to attract a wider customer base
Improve customer experience through personalized recommendations, faster delivery, and easy returns
Invest in technology infrastructure to handle increased traffic and improve website performance
Expand ...
- Q12. Your client wants to enter the after sales service market for passenger cars – 1. How would you segment the customer base? How can you use it to target your services? 2. Examine the cost structure of your...
- Ans.
Segmenting customer base and differentiating cost structure for after sales service market entry
Segment customer base based on demographics, usage patterns, and brand preferences
Target services based on customer needs and preferences
Differentiate cost structure by offering competitive pricing, bundled services, and loyalty programs
Offer value-added services such as extended warranties, maintenance packages, and roadsid...
Interview Preparation Tips
Experience: Guided the interview process into my comfort zone in both the rounds.I maintained my calm and answered all questions confidently. Took time before answering difficult question. Showed passion for consulting and Deloitte.
Skills: Case Analysis, Behavioural
College Name: NA
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Mazars Consultant Interview Process
based on 3 interviews
Interview experience
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Mazars Consultant Reviews and Ratings
based on 25 reviews
Rating in categories
|
Assistant Manager
188
salaries
|  ₹7 L/yr - ₹24 L/yr |
|
Consultant
172
salaries
| ₹4 L/yr - ₹13.5 L/yr |
|
Senior Executive
91
salaries
| ₹7 L/yr - ₹13.5 L/yr |
|
Senior Consultant
83
salaries
| ₹5 L/yr - ₹14.5 L/yr |
|
Manager
81
salaries
| ₹11.3 L/yr - ₹28 L/yr |
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