20+ Ramky Infrastructure Interview Questions and Answers

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 employee records to detect any anomalies.

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

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

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, leading to disputes with suppliers.

• Invoice Verification: ...read more

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 data for

• Both methods are used to determine the value of a c...read more

I want to work in forensic audit to utilize my analytical skills and attention to detail in uncovering financial fraud.

• Interested in investigating financial discrepancies and uncovering fraudulent activities

• Passionate about analyzing data and identifying patterns to detect fraud

• Enjoy working in a challenging and dynamic environment where problem-solving skills are essential

• Familiar with auditing procedures and regulations related to financial fraud detection

• Possess strong com...read more

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

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 employees are physically present

• Investigate any suspicious ...read more

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 supplier

• Payment: Settlement of the invoice amount

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.

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 growth.

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

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 compare the value of companies with different capital struc...read more

Node.js event loop architecture is a single-threaded, non-blocking, asynchronous I/O model.

• Node.js uses an event-driven architecture to handle I/O operations.

• The event loop is a single thread that listens for events and executes callbacks.

• Callbacks are queued in the event loop and executed in a non-blocking manner.

• Node.js uses libuv library to handle the event loop.

• The event loop allows Node.js to handle a large number of concurrent connections efficiently.

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 insurance is essential for businesses involved in maritime ...read more

Closures are functions that have access to variables in their outer scope. Hoisting is the behavior of moving declarations to the top of the scope.

• Closures allow for encapsulation and private variables in JavaScript.

• Hoisting can lead to unexpected behavior when variables are declared after they are used.

• Example of closure: function outer() { let x = 10; function inner() { console.log(x); } return inner; }

• Example of hoisting: console.log(x); var x = 5; // outputs undefined

I have previous experience in audit through internships and projects during my time in university.

• Completed internships at accounting firms where I conducted audit procedures

• Participated in audit projects for university courses

• Utilized audit software to analyze financial data

• Developed strong attention to detail and analytical skills

P2P process stands for procure-to-pay process, which involves the steps from requisition to payment for goods or services.

• Requisition: Requesting the purchase of goods or services

• Purchase Order: Formal document outlining the details of the purchase

• Receipt of Goods/Services: Confirming delivery and quality

• Invoice Processing: Verifying the invoice against the purchase order and receipt

• Payment: Issuing payment to the vendor