Prasad & Company Accounts & Audit Executive Interview Questions and Answers

Q1. Why do you want to work for Blackrock?
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Q2. What is a recent news article you read?
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Q1. Why internal audit?
Ans. 
Internal audit allows me to utilize my analytical skills to identify risks, improve processes, and add value to the organization.
• Opportunity to identify and mitigate risks within the organization

• Improving processes and operational efficiency

• Contributing to the overall success and growth of the organization

• Utilizing analytical skills to provide valuable insights

• Continuous learning and development in a dynamic environmen
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Q2. What is a weakness of yours?
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Q1. How to check Quality of tiles
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Q2. How to check Quality of paint work
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Q1. Privious Experience
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Q2. How salary Expecting
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Q1. Explaining my Previous experience!
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Q2. Asked about configuration audits.
Ans. How the tolerance were fixed in SAP
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Q3. ICFOR controls and sample tested.
Ans. Controls were tested.and how the samples were collected.
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Q1. Internal audit questions p2p r2r
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1 hour aptitude test

Topic was work from home or work from office

Q1. Introduction, walk me through resume
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They have given a pre processed financial statements which needs to be filled using various given particulars, Email writing was also part of the test.

They have given a Particular topic and divided the teams into 6 and expected us to share our opinion on that

Q1. What is Audit? EXplain Your views about that
Ans. 
Audit is a systematic examination of an organization's financial records, transactions, and processes to ensure accuracy and compliance with regulations.
• Audit involves reviewing financial statements, transactions, and internal controls.

• It helps identify errors, fraud, and areas for improvement in the organization.

• Auditors provide an independent opinion on the fairness of the financial statements.

• Types of audits include...read more
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Q2. What is Golden rules of accounting?
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Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• Golden rule of accounting states that Debit what comes in and Credit what goes out.

• It helps in maintaining the balance in the accounting equation.

• For example, when cash is received, it is debited because it comes into the business.

• Similarly, when cash is paid out, it is credited because it goes out of the business
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Q1. Self knowledge and work experience
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Q2. What about yourself
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I have completed my graduation bcom computer from guntur