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Nangia & Co. LLP Audit Associate Interview Questions and Answers

Updated 1 May 2024

Nangia & Co. LLP Audit Associate Interview Experiences

1 interview found

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
4-6 weeks
Result
Selected Selected

I applied via Referral and was interviewed in Apr 2024. There were 2 interview rounds.

Round 1 - Technical 

(1 Question)

  • Q1. Difference in Forensic audit and Other audits?
  • Ans. 

    Forensic audit focuses on investigating fraud and misconduct, while other audits focus on financial statements and compliance.

    • Forensic audit involves investigating fraud, embezzlement, and misconduct within an organization.

    • Other audits, such as financial statement audits and compliance audits, focus on verifying the accuracy of financial records and ensuring compliance with laws and regulations.

    • Forensic auditors often ...

  • Answered by AI
Round 2 - One-on-one 

(1 Question)

  • Q1. What are recent financial scandals cases and how would you have investigated them
  • Ans. 

    Recent financial scandals include Wirecard, Luckin Coffee, and Toshiba. Investigation would involve reviewing financial statements, conducting interviews, and analyzing internal controls.

    • Reviewing financial statements for inconsistencies and irregularities

    • Conducting interviews with key personnel and stakeholders

    • Analyzing internal controls and governance structures

    • Examining audit trails and transaction records

    • Utilizing ...

  • Answered by AI

Interview questions from similar companies

I applied via Naukri.com and was interviewed before Jan 2021. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. CARO2020, Companies Act, SA, INDA AS, AS, details of work done in Articleship

Interview Preparation Tips

Interview preparation tips for other job seekers - Read CARO, Latest Amemnment, Audit Report Format, IND AS 115, 116, 12 and AS and have a summary of work done in articleship

Interview Questionnaire 

1 Question

  • Q1. Introduction

I applied via Referral and was interviewed before May 2020. There were 5 interview rounds.

Interview Questionnaire 

4 Questions

  • Q1. Concepts related to Financial Statements (Balance Sheet, P&L, Cash Flow Statement) and ratio analysis
  • Q2. Importance of Auditing
  • Ans. 

    Auditing is important to ensure accuracy, compliance, and transparency in financial reporting.

    • Auditing helps to detect and prevent fraud and errors in financial statements.

    • It ensures compliance with laws and regulations, such as the Sarbanes-Oxley Act.

    • Auditing provides assurance to stakeholders that financial information is accurate and reliable.

    • It helps to identify areas for improvement in financial management and rep...

  • Answered by AI
  • Q3. Why this company and not any other?
  • Ans. 

    I chose this company because of its strong reputation, innovative culture, and opportunities for growth.

    • The company has a proven track record of success and is highly regarded in the industry.

    • I am impressed by the company's commitment to innovation and staying ahead of the curve.

    • There are ample opportunities for professional development and advancement within the company.

    • The company's values align with my own, particul...

  • Answered by AI
  • Q4. Future career plans and how this role fits into that?
  • Ans. 

    I plan to advance my career in project management and this role aligns with my goal.

    • I have a strong interest in project management and have been actively pursuing certifications in this field.

    • This role will provide me with valuable experience in managing projects and working with cross-functional teams.

    • I believe that the skills and knowledge I gain in this role will be transferable to future project management position...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Showcase keen interest in knowing more about the role and the long term objectives of the company.

Try sticking to the point while answering questions and not deviating from the topic.
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed before Jan 2024. There was 1 interview round.

Round 1 - Technical 

(2 Questions)

  • Q1. Explain about ASC 842
  • Q2. Explain ASC 606 five steps
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-

I applied via Campus Placement

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Properly align and format text in your resume. A recruiter will have to spend more time reading poorly aligned text, leading to high chances of rejection.
View all tips
Round 2 - Aptitude Test 

Test was easy not finding any difficulty

Round 3 - Technical 

(2 Questions)

  • Q1. Interview was easy only simple question asked
  • Q2. General entries and case to case questions asked

Interview Preparation Tips

Interview preparation tips for other job seekers - Do your best for the interview questions asked was simple so not finding any difficulty.

I applied via Walk-in and was interviewed before Mar 2021. There were 3 interview rounds.

Round 1 - Assignment 

Journal entries for Final accounts , GST and Payroll.

Round 2 - Technical 

(2 Questions)

  • Q1. Golden rules of accounts, GST related Journals entries.
  • Q2. You need to know about Balance sheet and Profit & Loss account line items.
Round 3 - HR 

(3 Questions)

  • Q1. What are your salary expectations?
  • Q2. Share details of your previous job.
  • Q3. Tell me about yourself.

Interview Preparation Tips

Interview preparation tips for other job seekers - Fundamentals of Accounts & GST knowledge needed.
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Approached by Company and was interviewed before Jan 2023. There were 3 interview rounds.

Round 1 - Aptitude Test 

It is a test based on technical skills, in the form of written test

Round 2 - Technical 

(1 Question)

  • Q1. Is a with the company seniors, who test our knowledge by asking few questions
Round 3 - HR 

(1 Question)

  • Q1. Salary and work culture
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I applied via Approached by Company and was interviewed in Feb 2023. There were 4 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 tips
Round 2 - HR 

(1 Question)

  • Q1. HR asked about your profile.
Round 3 - Aptitude Test 

(1 Question)

  • Q1. Written test include some technical ,mail writing
Round 4 - Technical 

(1 Question)

  • Q1. Virtual interview of technical questions included accountancy, taxation,audit

Interview Preparation Tips

Interview preparation tips for other job seekers - Doing the interview with confidence, without fear.
Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Approached by Company and was interviewed in Jan 2024. There were 2 interview rounds.

Round 1 - Technical 

(4 Questions)

  • Q1. A/r, A/p, GST, Depreciation, Journal entries for the same
  • Q2. A/r and A/p difference
  • Ans. 

    A/r and A/p difference

    • A/r stands for Accounts Receivable, which represents the money owed to a company by its customers for goods or services provided.

    • A/p stands for Accounts Payable, which represents the money a company owes to its suppliers or vendors for goods or services received.

    • The main difference between A/r and A/p is the direction of the cash flow: A/r represents money coming into the company, while A/p repres...

  • Answered by AI
  • Q3. GST and Journal entry
  • Q4. Depreciation and Accumulated Depreciation
Round 2 - HR 

(1 Question)

  • Q1. Salary Expectation

Nangia & Co. LLP Interview FAQs

How many rounds are there in Nangia & Co. LLP Audit Associate interview?
Nangia & Co. LLP interview process usually has 2 rounds. The most common rounds in the Nangia & Co. LLP interview process are Technical and One-on-one Round.
What are the top questions asked in Nangia & Co. LLP Audit Associate interview?

Some of the top questions asked at the Nangia & Co. LLP Audit Associate interview -

  1. What are recent financial scandals cases and how would you have investigated th...read more
  2. Difference in Forensic audit and Other audi...read more

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Nangia & Co. LLP Audit Associate Interview Process

based on 1 interview

Interview experience

4
  
Good
View more
Nangia & Co. LLP Audit Associate Salary
based on 8 salaries
₹5 L/yr - ₹9 L/yr
34% more than the average Audit Associate Salary in India
View more details
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