Midland Microfin Limited Internal Auditor Interview Questions and Answers

Q1. What u have done in previous organisation
Ans. 
I implemented a new internal audit system and conducted risk assessments to improve compliance.
• Implemented new internal audit system

• Conducted risk assessments to improve compliance

• Developed and executed audit plans

• Identified and reported on areas of non-compliance

• Collaborated with management to implement corrective actions
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Q2. I have explained all which I have done
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Interview taken by higher authority with 2 interviewer. Make a group discussion. All of the question asking here. Like working, work experience, accepted salary.

Q1. After interview in the second round, documentation processed by HR team.
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Q1. Tell me about yourself
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Q2. Tell me about the projects you have worked on
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Q1. Tell me about yourself
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Q2. Why do you want to join BofA?
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Q1. What is the sdlc process?
Ans. 
SDLC stands for Software Development Life Cycle, a process used by software development teams to design, develop, and test high-quality software.
• SDLC is a structured process that consists of several phases including planning, analysis, design, implementation, testing, and maintenance.

• Each phase has its own set of activities and deliverables that must be completed before moving on to the next phase.

• Examples of SDLC mode...read more
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Q2. What is agile methodologies
Ans. 
Agile methodologies are a set of principles and practices that prioritize flexibility, collaboration, and iterative development in project management.
• Focus on adaptive planning and continuous improvement

• Emphasize collaboration between cross-functional teams

• Prioritize delivering working software in short iterations

• Encourage frequent feedback and adaptation to changes

• Common frameworks include Scrum, Kanban, and Extreme P
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Q3. Difference between agile and waterfall
Ans. 
Agile is iterative and flexible, while waterfall is sequential and rigid.
• Agile involves continuous feedback and adaptation, while waterfall follows a linear approach.

• Agile allows for changes throughout the project, while waterfall requires detailed planning upfront.

• Agile promotes collaboration and communication among team members, while waterfall has distinct phases with limited interaction.

• Agile is better suited for p...read more
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Q1. Why you want to join our organization?
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Q1. About sed commands
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Q2. Sql/Oracle syntax
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Q1. What i know about the organization BA Continuum India pvt. Ltd.
Ans. 
BA Continuum India Pvt. Ltd. is a subsidiary of Bank of America that provides technology and operations services.
• It was established in 2004 and has its headquarters in Mumbai.

• It has over 15,000 employees and operates in multiple locations across India.

• It provides services in areas such as finance, risk, compliance, technology, and operations.

• It has won several awards for its innovative solutions and employee-friendly p...read more
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Q2. Why you want to join here?
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Q3. Why you want to resign from your current organization
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Q1. Discussion about my salary package
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Q2. Negotiation for joining date
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30-60 minutes, questions on basic finance knowledge

Q1. Question related to stock market, fundamental analysis, ratios
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