Nexdigm Interview Questions, Process, and Tips

Q1. Brief about you
Ans. 
I am a finance professional with 5 years of experience in budgeting, forecasting, and financial analysis.
• 5 years of experience in finance

• Expertise in budgeting and forecasting

• Skilled in financial analysis

• Strong knowledge of financial regulations and compliance

• Experience in preparing financial reports and presentations
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Q2. Experience
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Case study and arithmetic

Q1. Brief and experience
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Q2. Technical skill
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Q1. Team management
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Q2. Challenges faced in carrer
Ans. 
Challenges faced in career include adapting to new technologies, managing work-life balance, and navigating office politics.
• Adapting to new technologies and software systems

• Managing work-life balance and avoiding burnout

• Navigating office politics and building strong relationships with colleagues

• Handling high-pressure situations and meeting tight deadlines
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Q1. Ctc discussion and document verification
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Q2. Notice period and joining date
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They provide assignment

Q1. Tell me about your self
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Q2. Why you want to join nexdigm
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Q1. Why do you want to do internal audit, why not statutory audit
Ans. 
I am interested in internal audit as it allows me to focus on improving processes and controls within the organization, rather than just compliance.
• Internal audit provides opportunities to add value by identifying areas for improvement within the organization.

• Statutory audit focuses on ensuring compliance with external regulations, while internal audit focuses on improving internal processes and controls.

• I am more inte...read more
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Q2. What is the difference between ICFR and IA
Ans. 
ICFR focuses on internal controls over financial reporting, while IA focuses on internal audit activities.
• ICFR is specifically related to financial reporting processes and controls

• IA encompasses a broader range of internal audit activities beyond financial reporting

• ICFR is required by regulations such as Sarbanes-Oxley Act, while IA is a best practice for organizations to ensure effective governance and risk management

• ...read more
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Q3. How will you plan out an ICFR assignment
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To plan out an ICFR assignment, start by understanding the organization's internal controls framework, identifying key risks, assessing control effectiveness, and developing a testing plan.
• Understand the organization's internal controls framework and relevant regulations

• Identify key risks and control objectives

• Assess the design and operating effectiveness of controls

• Develop a testing plan to evaluate control effectiven...read more
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Q4. How will you do an audit of procurement to pay audit. Explain P2P process.
Ans. 
To audit procurement to pay process, review contracts, invoices, payments, and ensure compliance. P2P process involves requisition, approval, purchase order, receipt, invoice, and payment.
• Review contracts to ensure terms are being met

• Verify invoices against purchase orders and receipts

• Check payment records for accuracy and compliance

• Ensure proper approval processes are followed throughout P2P cycle

• Identify any discrepa
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Q1. Tell me about your role in past companies
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