Nspira Management Services Computer Hardware & Networking Engineer Interview Questions and Answers

Q1. Journal entries, differed tax assets, Accrued income
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Q2. Balance sheet, internal controls
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Q1. Questions on my previous experience
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Q1. Any two Risk in inventory
Ans. 
Two risks in inventory are obsolescence and theft.
• Obsolescence risk: Inventory becoming outdated or obsolete due to changes in technology or consumer preferences.

• Theft risk: Inventory being stolen by employees, customers, or external parties.
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Q2. Flow of p2p and to construct rcm for any process
Ans. 
P2P flow involves procurement and payment processes. RCM is a method to identify risks and controls in a process.
• Understand the procurement process from requisition to payment

• Identify key control points and risks in the process

• Map out the flow of P2P process and construct a risk control matrix (RCM)

• Ensure segregation of duties to prevent fraud

• Implement controls such as approval workflows and vendor verification
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Q1. Tell me about yourself
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Q2. Why you need change?
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Q1. Explain how u do audit
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Q2. Differentiate audits between various industries
Ans. 
Audits in different industries vary based on regulations, risks, and specific industry practices.
• Regulations: Each industry has its own set of regulations that auditors must adhere to.

• Risks: The risks faced by companies in different industries vary, impacting the focus of audits.

• Industry practices: Auditors need to understand the specific practices and processes of each industry to effectively conduct audits.

• Examples: ...read more
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Q3. What are risks and controls, how u frame it?
Ans. 
Risks are potential events that could negatively impact an organization, while controls are measures put in place to mitigate those risks.
• Risks are uncertainties that could lead to financial loss, operational disruption, or reputational damage.

• Controls are policies, procedures, and practices implemented to reduce the likelihood or impact of identified risks.

• Examples of risks include fraud, cybersecurity threats, regula...read more
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General aptitude like psychometric tests

Q1. Introduce about yourself
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Q2. What made you to choose audit domain
Ans. 
I chose the audit domain due to my strong analytical skills and attention to detail.
• Enjoy analyzing data and identifying patterns

• Have a keen eye for detail and accuracy

• Interested in ensuring compliance and improving processes

• Value the importance of risk management and internal controls
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Q1. Tell me about yourself
Ans. 
Experienced internal auditor with a background in finance and risk management.
• Over 5 years of experience in auditing financial statements

• Strong knowledge of risk assessment and internal controls

• Proficient in using audit software such as ACL and IDEA

• Led successful audits for Fortune 500 companies
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Q2. Why do you wanna join us
Ans. 
I am passionate about internal auditing and believe in the values and goals of your organization.
• I have a strong background in auditing and compliance

• I am impressed by your company's reputation for excellence in internal audit practices

• I am excited about the opportunity to contribute to a dynamic and innovative team
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