Prgx India Senior Auditor Interview Questions and Answers

Q1. What is k-1 and K-2 forms
Ans. 
K-1 and K-2 forms are used for fiancé(e) and dependent visas respectively in the United States.
• K-1 form is used for fiancé(e) visas and K-2 form is used for dependent visas in the US

• K-1 form allows a US citizen to bring their fiancé(e) to the US for marriage within 90 days

• K-2 form allows the dependent children of the K-1 visa holder to accompany them to the US

• Both forms require extensive documentation and background ch
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Java based simple coding 2 questions . 2 sql join based questions

Q1. Basic core java and spring boot
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Q2. Microservices basic knowledge check
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Q1. Tell about IND AS 115
Ans. 
IND AS 115 is a new revenue recognition standard that replaces existing revenue recognition standards in India.
• IND AS 115 was issued by the Institute of Chartered Accountants of India (ICAI) to bring consistency and comparability in revenue recognition practices.

• It introduces a five-step model for revenue recognition, focusing on identifying the contract with the customer, identifying performance obligations, determini...read more
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Q2. What are audit risks
Ans. 
Audit risks are potential threats to the accuracy and reliability of financial statements during an audit.
• Audit risks include inherent risk, control risk, and detection risk.

• Inherent risk is the risk of material misstatement in the absence of internal controls.

• Control risk is the risk that internal controls will not prevent or detect material misstatements.

• Detection risk is the risk that the auditor will not detect a m...read more
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Adobe Iluustrator assignment of a 4 pager layout

Q1. How will you deal with multiple projects
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Q2. How to deal with work related issues
Ans. 
Address work related issues by communicating openly, seeking solutions collaboratively, and prioritizing tasks effectively.
• Communicate openly with colleagues and supervisors to address any issues that arise

• Seek solutions collaboratively by brainstorming with team members and seeking input from others

• Prioritize tasks effectively to ensure that important issues are addressed in a timely manner
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Q1. Same as the first round. The 2nd and the last round will be mostly with directors.
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Q1. Both the rounds was with the US office guys. They were nice and just asked about the current job role. They also explained what they actually do and what kind of candidate they are looking for.
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Q1. Tax related questions
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Q1. My ambitions related question
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Q1. Amendments on Caro
Ans. 
Amendments on Caro refer to changes made to the Companies (Auditor's Report) Order, which outlines the format and content of auditor's reports for companies.
• Amendments on Caro are made by the Ministry of Corporate Affairs to ensure compliance with changing regulations and standards.

• These amendments may include updates to reporting requirements, disclosure of key audit matters, or changes in the format of the auditor's ...read more
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Q2. FSA based questions
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