Protiviti Interview Questions, Process, and Tips

Q1. This took place too. Asked about personality and projects. Overall was nice experience. The interviewer was polite too.
Add your answer
Q2. He asked me and tried to check the personality and behaviour too.
Add your answer

Q1. Internal audit questions p2p r2r
Add your answer

Q1. How do you perform IT audit
Ans. 
I perform IT audits by conducting risk assessments, evaluating controls, testing compliance, and providing recommendations for improvement.
• Conduct risk assessments to identify potential vulnerabilities

• Evaluate existing controls to determine effectiveness

• Test compliance with policies, regulations, and industry standards

• Provide recommendations for improvement based on findings

• Document audit findings and communicate resul
Answered by AI
Add your answer
Q2. Explain IT SoX 404 control
Ans. 
IT SoX 404 control is a set of regulations and guidelines designed to ensure the accuracy and reliability of financial reporting in IT systems.
• IT SoX 404 control refers to the Sarbanes-Oxley Act section 404, which requires companies to establish internal controls over financial reporting.

• It involves documenting and testing controls to ensure the accuracy and reliability of financial information generated by IT systems.

• ...read more
Answered by AI
Add your answer
Q3. What are the key elements of audit report
Ans. 
Key elements of an audit report include executive summary, scope, findings, recommendations, and conclusion.
• Executive summary provides a brief overview of the audit process and key findings.

• Scope outlines the objectives, criteria, and limitations of the audit.

• Findings detail the specific issues identified during the audit.

• Recommendations suggest actions to address the findings and improve processes.

• Conclusion summarize...read more
Answered by AI
Add your answer

Q1. Difference between IND AS 115 and the earlier AS
Ans. 
IND AS 115 is a new accounting standard that replaces the earlier AS in India.
• IND AS 115 is based on the principles of IFRS 15, which is a global standard for revenue recognition.

• The earlier AS (Accounting Standard) in India was based on the principles of the old IAS 18 and IAS 11.

• IND AS 115 provides a more comprehensive framework for recognizing revenue from contracts with customers.

• It introduces a five-step model for...read more
Answered by AI
Add your answer

RELATED TO INTERNAL AUDIT