Nspira Management Services Marketing Research Executive Interview Questions and Answers

Great GD good amazing excellent yayyyy

Q1. What do you understand by Audit
Ans. 
Audit is a systematic examination of financial records, documents, transactions, and processes to ensure accuracy and compliance.
• Audit involves reviewing and evaluating financial statements and records

• It ensures compliance with laws, regulations, and company policies

• Auditors provide an independent and objective assessment of an organization's financial health

• Types of audits include internal, external, financial, operat...read more
Answered by AI
Add your answer
Q2. Types of auditor
Ans. 
Types of auditors include internal auditors, external auditors, government auditors, and forensic auditors.
• Internal auditors work within an organization to evaluate and improve internal controls.

• External auditors are independent professionals who review an organization's financial statements for accuracy and compliance.

• Government auditors work for government agencies to ensure compliance with laws and regulations.

• Foren...read more
Answered by AI
Add your answer

Q1. What is auditing?
Ans. 
Auditing is the process of evaluating an organization's financial records, internal controls, and compliance with regulations.
• Auditing involves examining financial statements and records to ensure accuracy and compliance.

• It also includes assessing internal controls to prevent fraud and errors.

• Auditors provide independent and objective assessments to help improve processes and ensure transparency.

• Examples include financ...read more
Answered by AI
Add your answer

Q1. What is Cash flow?
Ans. 
Cash flow is the movement of money in and out of a business, showing how much cash is generated or spent over a specific period of time.
• Cash flow is crucial for assessing a company's financial health and liquidity.

• Positive cash flow means more money is coming in than going out, while negative cash flow indicates the opposite.

• Examples of cash flow include revenue from sales, operating expenses, investments, and financin
Answered by AI
Add your answer

Q1. Tell us about yourself a bit
Ans. 
Experienced internal auditor with a background in finance and risk management.
• Over 5 years of experience in internal auditing

• Strong background in finance and risk management

• Skilled in conducting audits, identifying risks, and implementing controls

• Proficient in using audit software and analyzing financial data
Answered by AI
Add your answer
Q2. Do you have any prior experience in internal auditing
Ans. 
Yes, I have 5 years of experience in internal auditing in the banking industry.
• I have 5 years of experience in internal auditing in the banking industry

• Conducted regular audits to ensure compliance with regulations

• Identified and addressed financial risks within the organization

• Prepared detailed audit reports for management review
Answered by AI
Add your answer

Q1. What was your role in your previous organization
Ans. 
I was responsible for conducting internal audits to assess the organization's risk management and control processes.
• Conducted internal audits to evaluate the effectiveness of risk management procedures

• Identified areas of improvement in control processes

• Reported findings and recommendations to management

• Collaborated with various departments to ensure compliance with policies and regulations
Answered by AI
Add your answer
Q2. Tell us about your top audit issues highlighted by you
Add your answer

Q1. Tell me something about yourself?
Add your answer
Q2. Revenue recognition step of Ind AS 115
Ans. 
Revenue recognition under Ind AS 115 involves identifying performance obligations, determining transaction price, allocating price to obligations, and recognizing revenue as obligations are satisfied.
• Identify performance obligations - distinct goods or services promised to customer

• Determine transaction price - amount expected to be received in exchange for fulfilling obligations

• Allocate price to obligations - based on ...read more
Answered by AI
Add your answer