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Mukund M Chitale & Co Interview Questions, Process, and Tips

Updated 6 Nov 2024

Top Mukund M Chitale & Co Interview Questions and Answers

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Mukund M Chitale & Co Interview Experiences

Popular Designations

6 interviews found

Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Aptitude Test 

General MCQ test based on ca inter syllabus

Round 2 - One-on-one 

(2 Questions)

  • Q1. What is ind as 115
  • Ans. 

    Ind AS 115 is a revenue recognition standard that outlines the principles for recognizing revenue from contracts with customers.

    • Ind AS 115 is based on the core principle that revenue should be recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled.

    • It replaces the existing revenue recognition guidance in Ind AS ...

  • Answered by AI
  • Q2. What is material misstatement
  • Ans. 

    Material misstatement refers to errors or omissions in financial statements that could potentially impact decision-making by users of the statements.

    • Material misstatement can include errors in recording transactions, misapplication of accounting principles, or intentional fraud.

    • These misstatements can have a significant impact on the financial health of a company and may lead to legal consequences.

    • Auditors are responsi...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Just read audit standards general taxation and know about as

Article Assistant Interview Questions asked at other Companies

Q1. What is the difference between emphasis on matter paragraph and key audit matter.
View answer (1)
Interview experience
1
Bad
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all Resume tips
Round 2 - One-on-one 

(2 Questions)

  • Q1. AS application in company audits
  • Ans. 

    AS application is used in company audits to ensure compliance with accounting standards.

    • AS application is a tool used to check compliance with accounting standards during audits.

    • It helps in identifying any discrepancies or non-compliance with accounting standards.

    • AS application can be used to generate reports and recommendations for corrective actions.

    • Examples of accounting standards include GAAP, IFRS, and SOX.

    • AS appl...

  • Answered by AI
  • Q2. Tax rules for taxation dept
  • Ans. 

    Tax rules for taxation department

    • Taxation department is responsible for enforcing tax laws and collecting taxes

    • Tax rules vary depending on the type of tax being collected (income tax, sales tax, property tax, etc.)

    • Tax rules also vary by jurisdiction (federal, state, local)

    • Taxation department must stay up-to-date on changes to tax laws and regulations

    • Penalties may be imposed for non-compliance with tax rules

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Confidence is required for any interview. Keep your concepts string

Assistant Manager Interview Questions asked at other Companies

Q1. You are Handling cash operations then how you manage operations with sales ?
View answer (87)
Interview experience
3
Average
Difficulty level
Moderate
Process Duration
6-8 weeks
Result
Selected Selected

I applied via LinkedIn and was interviewed before May 2023. There were 2 interview rounds.

Round 1 - One-on-one 

(2 Questions)

  • Q1. Family Background
  • Q2. Work Preferences
Round 2 - One-on-one 

(2 Questions)

  • Q1. Recent Company Audit ammendments
  • Ans. 

    Recent Company Audit amendments include changes in financial reporting standards and regulations.

    • Changes in accounting standards such as ASC 606 for revenue recognition

    • Updates in auditing regulations like PCAOB inspection reports

    • Revisions in internal control requirements under SOX compliance

    • Impact of COVID-19 on audit procedures and reporting

  • Answered by AI
  • Q2. Personal experience in Balance Sheet Analysis
  • Ans. 

    I have extensive experience in analyzing balance sheets to assess financial health and make strategic decisions.

    • Utilized financial ratios like current ratio and debt-to-equity ratio to evaluate liquidity and leverage

    • Identified trends in assets, liabilities, and equity to understand financial performance over time

    • Performed variance analysis to compare actual results with budgeted or forecasted figures

    • Used balance sheet ...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Nothing specific. They generally hire freshers

Senior Executive Interview Questions asked at other Companies

Q1. If oneday the men power is very less due to some problem and lode is more that day as a senior Exucative, how will u handle your team ?
View answer (56)
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Campus Placement and was interviewed before Jun 2023. There were 3 interview rounds.

Round 1 - HR 

(1 Question)

  • Q1. Had received called from them. Had Asked basic HR Questions- Tell me about yourself? Why are you interested to work here? and then had arrange the further interview process.
Round 2 - Aptitude Test 

Aptitude test was regarding the Taxation and Basic General Knowledge Questions

Round 3 - One-on-one 

(1 Question)

  • Q1. 1. What documents would you check to verify the doctor's returns? 2. What do you do in your free times? 3. What are your strength and Weakness? 4. What is your long term goals? 5. Do you have questions to ...

Interview Preparation Tips

Interview preparation tips for other job seekers - 1. Work on your core skills which are you good at.
2. Prepare basic interview question very well along with the position for you have applied.

Article Assistant Interview Questions asked at other Companies

Q1. What is the difference between emphasis on matter paragraph and key audit matter.
View answer (1)

Mukund M Chitale & Co interview questions for popular designations

 Article Assistant

 (4)

 Assistant Manager

 (1)

 Senior Executive

 (1)

Interview experience
3
Average
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Company Website and was interviewed before Feb 2023. There were 2 interview rounds.

Round 1 - Aptitude Test 

GK and technical questions

Round 2 - Technical 

(1 Question)

  • Q1. AS, Audit and Tax provisions

Article Assistant Interview Questions asked at other Companies

Q1. What is the difference between emphasis on matter paragraph and key audit matter.
View answer (1)
Interview experience
3
Average
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Approached by Company and was interviewed before Sep 2022. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all Resume tips
Round 2 - Technical 

(2 Questions)

  • Q1. What is the difference between continuity and going concern
  • Q2. Condition for tax audit
  • Ans. 

    Tax audit is required if turnover exceeds specified limit or income is below prescribed percentage of turnover.

    • Tax audit is required if the turnover of a business exceeds Rs. 1 crore in case of a business and Rs. 50 lakhs in case of a profession.

    • Tax audit is also required if the income of a business is less than 8% of the turnover and in case of a profession, if the income is less than 50% of the gross receipts.

    • Tax aud...

  • Answered by AI

Article Assistant Interview Questions asked at other Companies

Q1. What is the difference between emphasis on matter paragraph and key audit matter.
View answer (1)

Interview questions from similar companies

Interview Questionnaire 

2 Questions

  • Q1. About Accounting standard
  • Q2. Standard on auditing
  • Ans. 

    Standard on Auditing is a set of guidelines and procedures for auditors to follow while conducting an audit.

    • The Standard on Auditing provides guidance on the auditor's responsibilities, the audit process, and the reporting of audit findings.

    • It helps ensure that audits are conducted in a consistent and thorough manner.

    • Examples of standards include ISA 315, which outlines the auditor's responsibility to identify and asse...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident and prepare well !
Round 1 - HR 

(5 Questions)

  • Q1. What are your strengths and weaknesses?
  • Q2. What are your salary expectations?
  • Q3. Share details of your previous job.
  • Q4. Why should we hire you?
  • Q5. Tell me about yourself.
Round 2 - Technical 

(1 Question)

  • Q1. Details about the department you want to join.

Interview Preparation Tips

Interview preparation tips for other job seekers - Don't join RSM Astute Consulting
Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Walk-in and was interviewed in Mar 2024. There were 2 interview rounds.

Round 1 - HR 

(1 Question)

  • Q1. Why did you go for BDO?
Round 2 - Technical 

(1 Question)

  • Q1. What is transfer pricing?
  • Ans. 

    Transfer pricing is the setting of prices for goods and services sold between related entities within an organization.

    • Transfer pricing is used to ensure that transactions between related entities are conducted at arm's length to prevent tax evasion.

    • It involves determining the price at which goods or services are transferred between different divisions or subsidiaries of a company.

    • Transfer pricing can impact the taxable...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be honest, they expect confidence and not correct answers for every question
Interview experience
3
Average
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Walk-in and was interviewed in Jul 2024. There were 3 interview rounds.

Round 1 - Assignment 

Test of 30 minutes of the field you choice proper paper no mcq

Round 2 - HR 

(1 Question)

  • Q1. Basics of tax explain from basic
Round 3 - Technical 

(1 Question)

  • Q1. Every tds sextion and rate you know
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Mukund M Chitale & Co Interview FAQs

How many rounds are there in Mukund M Chitale & Co interview?
Mukund M Chitale & Co interview process usually has 2-3 rounds. The most common rounds in the Mukund M Chitale & Co interview process are One-on-one Round, Aptitude Test and Resume Shortlist.
What are the top questions asked in Mukund M Chitale & Co interview?

Some of the top questions asked at the Mukund M Chitale & Co interview -

  1. Personal experience in Balance Sheet Analy...read more
  2. What is material misstatem...read more
  3. AS application in company aud...read more

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Mukund M Chitale & Co Interview Process

based on 7 interviews

Interview experience

3
  
Average
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Mukund M Chitale & Co Reviews and Ratings

based on 18 reviews

3.0/5

Rating in categories

2.8

Skill development

2.9

Work-life balance

2.9

Salary

3.6

Job security

2.9

Company culture

2.7

Promotions

2.6

Work satisfaction

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