BDR Pharmaceuticals International Interview Questions and Answers

Hedge funds are alternative investment vehicles that pool capital from accredited investors, while private placements are securities offerings to a select group of investors.

• Hedge funds are typically only available to high-net-worth individuals and institutional investors.

• They employ various investment strategies, such as long-short equity, global macro, and event-driven.

• Hedge funds often use leverage and derivatives to amplify returns.

• Private placements are offerings of secu...read more

Name screening is conducted by comparing names against watchlists or databases to identify any potential matches.

• Names are compared against watchlists, sanctions lists, politically exposed persons lists, and other databases.

• Advanced screening tools use algorithms to analyze variations in names, such as misspellings or aliases.

• Screening can be done manually or through automated software.

• Matches are further investigated to determine if they pose a risk or require further action...read more

Audits are conducted to ensure accuracy, compliance, and reliability of financial statements and internal controls.

• To ensure accuracy and reliability of financial statements

• To ensure compliance with laws and regulations

• To evaluate the effectiveness of internal controls

• To detect and prevent fraud or errors

• To provide assurance to stakeholders and investors

Stages of Audit include planning, fieldwork, reporting, and follow-up.

• Planning: Establishing audit objectives, scope, and procedures.

• Fieldwork: Collecting and analyzing evidence to support audit findings.

• Reporting: Communicating audit results and recommendations to stakeholders.

• Follow-up: Ensuring implementation of audit recommendations and monitoring progress.

• Example: Planning may involve reviewing previous audits and identifying key risks.

• Example: Fieldwork may include test...read more

CDD process stands for Customer Due Diligence process, which is a set of procedures used to verify the identity of customers and assess their risk levels.

• CDD process involves collecting information about customers such as their name, address, and identification documents.

• It also includes verifying the information provided by customers through various means such as official databases or third-party sources.

• The purpose of CDD process is to prevent money laundering, terrorist fi...read more

Internal audit stages include planning, fieldwork, reporting, and follow-up.

• Planning stage involves setting objectives, scope, and methodology.

• Fieldwork stage includes gathering and analyzing data, testing controls, and documenting findings.

• Reporting stage involves communicating results to management and stakeholders.

• Follow-up stage includes monitoring implementation of recommendations and assessing progress.

• Examples: Planning - creating an audit plan; Fieldwork - conducting ...read more

The longest common prefix is the longest sequence of characters that is common to all strings in an array.

• Iterate through the characters of the first string

• Compare each character with the corresponding character in the other strings

• Stop when a character doesn't match or when the end of any string is reached

• Return the common prefix