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Protiviti India Member Interview Questions and Answers
25 Interview questions
BRS, or Bank Reconciliation Statement, is a document that reconciles the bank balance with the company's cash balance.
BRS helps identify discrepancies between bank statements and company records.
It includes items like outstanding checks and deposits in transit.
For example, if a company issued a check that hasn't cleared, it will show as a deduction in BRS.
BRS is typically prepared monthly to ensure accurate financ...
Experienced Senior Consultant with a strong background in project management, strategic planning, and team leadership across various industries.
Over 10 years of experience in consulting, specializing in operational efficiency and process improvement.
Led a team of 15 in a project that increased client revenue by 30% through strategic market analysis.
Skilled in stakeholder management, having successfully navigated c...
I have over 10 years of experience in consulting, focusing on strategy development and operational improvement across various industries.
Led a team of consultants in a project for a Fortune 500 company, resulting in a 20% increase in operational efficiency.
Developed a comprehensive market entry strategy for a tech startup, which successfully launched in three new regions within a year.
Conducted in-depth data analy...
Month end process refers to the activities and tasks that need to be completed at the end of each month to ensure accurate financial reporting.
Closing financial books for the month
Reconciling accounts
Preparing financial statements
Reviewing financial performance
Analyzing variances
Posting adjusting entries
Ensuring compliance with regulations
Communicating results to stakeholders
Reconciliation is the act of making two or more things compatible or consistent with each other.
Reconciliation involves resolving conflicts or differences between parties.
It can also refer to the process of balancing financial accounts to ensure accuracy.
Examples include reconciling bank statements, reconciling relationships after a disagreement, and reconciling conflicting beliefs or values.
Accrual entries are posted to match revenues and expenses in the period they are incurred, regardless of when cash is exchanged.
Accrual entries help in matching revenues and expenses in the same period
They ensure financial statements reflect the true financial position of a company
Accrual accounting follows the matching principle
Example: Accrued salaries expense recognizes the cost of employee salaries earned but ...
To settle an open item, review the details, communicate with stakeholders, and take necessary actions.
Review the open item and gather all relevant information
Communicate with stakeholders to clarify any discrepancies or issues
Take necessary actions to resolve the open item, such as making adjustments or corrections
Document the resolution and follow up to ensure it is properly settled
Steps in internal audit of a service organisation
1. Planning the audit scope and objectives
2. Conducting risk assessment to identify key areas to focus on
3. Developing audit procedures and testing controls
4. Performing fieldwork to gather evidence and data
5. Analyzing findings and preparing audit reports
6. Communicating results to management and recommending improvements
Major risks in procure to pay process include fraud, errors, compliance issues, and supply chain disruptions.
Fraudulent activities such as invoice fraud or vendor collusion
Errors in data entry leading to incorrect payments or duplicate invoices
Non-compliance with regulations and policies, resulting in penalties or legal issues
Supply chain disruptions like late deliveries or quality issues impacting operations
I have extensive experience in vendor risk management, including identifying and assessing risks, developing mitigation strategies, and monitoring vendor performance.
Developed and implemented a vendor risk management program for a large financial institution
Conducted risk assessments of vendors and developed risk mitigation plans
Monitored vendor performance and conducted regular audits to ensure compliance with co...
Protiviti India Member Interview Experiences
35 interviews found
Anonymous
Selected
I applied via Referral and was interviewed in Feb 2023. There were 2 interview rounds.
(2 Questions)
- Q1. Vendor Risk Management experience? Last project and related roles and responsibilities handled?
- Ans.
Yes
Managed vendor risk management process for a large financial institution
Developed and implemented vendor risk assessment framework
Conducted due diligence on potential vendors
Monitored and evaluated vendor performance and compliance
Created and maintained vendor risk management policies and procedures
- Q2. Infosec audits and related standards and frameworks you’ve worked with.
- Ans.
Experienced in various infosec audits and frameworks, ensuring compliance and enhancing security posture.
Worked with ISO 27001 for establishing an Information Security Management System (ISMS).
Conducted PCI DSS audits for organizations handling credit card transactions to ensure data security.
Implemented NIST Cybersecurity Framework to assess and improve the organization's security practices.
Participated in SOC 2 audit...
(2 Questions)
- Q1. Cloud security and audit standards? Audit and compliance frameworks you’ve worked with? Risk management and assessment understanding?
- Ans.
I have experience with various cloud security and audit standards, compliance frameworks, and risk management assessments.
I have worked with ISO 27001, SOC 2, and HIPAA compliance frameworks.
I am familiar with cloud security best practices such as encryption, access control, and monitoring.
I have conducted risk assessments and developed risk management plans for various organizations.
I have experience with security aud...
- Q2. Vendor risk management and related work experience?
- Ans.
I have extensive experience in vendor risk management, including identifying and assessing risks, developing mitigation strategies, and monitoring vendor performance.
Developed and implemented a vendor risk management program for a large financial institution
Conducted risk assessments of vendors and developed risk mitigation plans
Monitored vendor performance and conducted regular audits to ensure compliance with contrac...
Interview Preparation Tips
- Risk Management
- Auditing
- Internal Audit
- Compliance
- Communication Skills
- Leadership Skills
Don’t try to bluff and be point to point. Also focus on the importance of documentation in the audit and risk management process.
Skills evaluated in this interview
(2 Questions)
- Q1. Question-Related to my current project
- Q2. Asked questions about Docker,
Vikramsinh zala
(1 Question)
- Q1. What is BRS Explain in detail.
- Ans.
BRS, or Bank Reconciliation Statement, is a document that reconciles the bank balance with the company's cash balance.
BRS helps identify discrepancies between bank statements and company records.
It includes items like outstanding checks and deposits in transit.
For example, if a company issued a check that hasn't cleared, it will show as a deduction in BRS.
BRS is typically prepared monthly to ensure accurate financial r...
I appeared for an interview in Feb 2025, where I was asked the following questions.
- Q1. Tell me about yourself
- Q2. What are your salary expectations
(1 Question)
- Q1. Ind as 115 applicability and compliance in financial statement
- Ans.
Ind AS 115 is applicable for revenue recognition in financial statements, ensuring compliance with accounting standards.
Ind AS 115 is applicable for all entities that prepare financial statements in accordance with Indian Accounting Standards.
It provides guidance on when and how to recognize revenue from contracts with customers.
Compliance with Ind AS 115 ensures that revenue is recognized in a manner that reflects the...
(2 Questions)
- Q1. Tell me about yourself
- Q2. Experience in the selected domain
Interview Preparation Tips
Skills evaluated in this interview
I applied via Naukri.com and was interviewed in Jun 2024. There was 1 interview round.
(1 Question)
- Q1. Role specific question for BPM and reingineering
Interview Preparation Tips
(2 Questions)
- Q1. Ask about direct and indirect questions
- Q2. What is Reverse Charge Mecanism?
- Ans.
Reverse Charge Mechanism is a system where the recipient of the goods or services is liable to pay the tax instead of the supplier.
Under Reverse Charge Mechanism, the recipient of the goods or services is responsible for paying the tax to the government instead of the supplier.
It is commonly used in B2B transactions where the supplier is not required to collect tax from the recipient.
This mechanism helps in preventing ...
(2 Questions)
- Q1. What do know about Change Management
- Ans.
Change management involves planning, implementing, and managing changes in an organization to ensure successful adoption and minimize resistance.
Change management is a structured approach to transitioning individuals, teams, and organizations from a current state to a desired future state.
It involves identifying potential risks and challenges, communicating the need for change, and engaging stakeholders throughout the ...
- Q2. What do you know about logical access
- Ans.
Logical access refers to the process of granting or denying users access to resources based on their identity and permissions.
Logical access involves authentication and authorization mechanisms to control user access to systems and data
It includes the use of passwords, biometrics, smart cards, and other methods to verify user identity
Access control lists (ACLs) and role-based access control (RBAC) are common methods us...
Skills evaluated in this interview
(2 Questions)
- Q1. About yourself brief description.
- Ans.
Experienced Senior Consultant with a strong background in project management, strategic planning, and team leadership across various industries.
Over 10 years of experience in consulting, specializing in operational efficiency and process improvement.
Led a team of 15 in a project that increased client revenue by 30% through strategic market analysis.
Skilled in stakeholder management, having successfully navigated comple...
- Q2. Past experience
- Ans.
I have over 10 years of experience in consulting, focusing on strategy development and operational improvement across various industries.
Led a team of consultants in a project for a Fortune 500 company, resulting in a 20% increase in operational efficiency.
Developed a comprehensive market entry strategy for a tech startup, which successfully launched in three new regions within a year.
Conducted in-depth data analysis f...
Selected
I applied via Campus Placement
(1 Question)
- Q1. Tell me about your
- Ans. Details
(2 Questions)
- Q1. Tell me about your self
- Ans. Tell about your self
- Q2. About work experience
Interview Preparation Tips
(2 Questions)
- Q1. Tell me about your self
- Ans.
Experienced Business Process Analyst with a background in streamlining operations and improving efficiency.
Over 5 years of experience in analyzing and optimizing business processes
Skilled in identifying areas for improvement and implementing solutions
Strong background in data analysis and reporting
Excellent communication and collaboration skills
Certified in Lean Six Sigma for process improvement
- Q2. Basic introduction
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Protiviti India Member Interview FAQs
Some of the top questions asked at the Protiviti India Member interview -
The duration of Protiviti India Member interview process can vary, but typically it takes about less than 2 weeks to complete.
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Protiviti India Member Interviews By Designations
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Overall Interview Experience Rating
based on 32 interview experiences
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Protiviti India Member Reviews and Ratings
based on 304 reviews
Rating in categories
|
Consultant
236
salaries
|  ₹4.7 L/yr - ₹10.5 L/yr |
|
Senior Consultant
235
salaries
| ₹9.5 L/yr - ₹17.3 L/yr |
|
Deputy Manager
143
salaries
| ₹11.3 L/yr - ₹20 L/yr |
|
Manager
86
salaries
| ₹15.3 L/yr - ₹26.5 L/yr |
|
Consultant 3
69
salaries
| ₹5 L/yr - ₹10.2 L/yr |
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