10+ Geometry Global Interview Questions and Answers

Audit assertions are the claims made by management regarding the accuracy and completeness of financial statements.

• Audit assertions are used by auditors to assess the risk of material misstatement in financial statements.

• There are six types of audit assertions: existence, completeness, accuracy, valuation, rights and obligations, and presentation and disclosure.

• For example, existence assertion refers to whether the assets and liabilities actually exist, while completeness ass...read more

Discrepancies identified during experienced IA client engagements

• Identified discrepancies in financial statements such as misstatements or errors

• Discovered inconsistencies in internal controls leading to potential risks

• Uncovered discrepancies in inventory counts or valuation methods

• Identified discrepancies in compliance with regulatory requirements

• Found discrepancies in data analysis or reporting processes

Materiality refers to the significance or importance of information in relation to a company's financial statements.

• Materiality is a concept used in accounting and auditing.

• It helps determine what information is important enough to be included in financial statements.

• Materiality is based on the amount or nature of the information and its impact on the financial statements.

• For example, a $10,000 error in a company with $1 million in revenue may not be material, but the same er...read more

I have over 5 years of experience in the field of internal audit, working with various industries and conducting risk assessments, compliance audits, and process improvements.

• Conducted risk assessments to identify potential areas of concern

• Performed compliance audits to ensure adherence to regulations and policies

• Implemented process improvements to enhance efficiency and effectiveness

• Worked with diverse industries such as manufacturing, healthcare, and finance

• Utilized data an...read more

Backend tables of frameworks store data related to the application's functionality.

• Backend tables in frameworks like Django, Ruby on Rails, and Laravel store data such as user information, posts, comments, etc.

• These tables are designed based on the application's requirements and relationships between different entities.

• Developers can interact with these tables using ORM (Object-Relational Mapping) tools to perform CRUD operations.

• Proper indexing and normalization of tables ar...read more

Net Debt is calculated by subtracting total cash and cash equivalents from total debt.

• Net Debt = Total Debt - Total Cash and Cash Equivalents

• Total Debt includes all forms of debt such as bank loans, bonds, and other liabilities

• Total Cash and Cash Equivalents includes cash on hand, short-term investments, and other liquid assets

• Net Debt is used to assess a company's financial health and ability to repay its debts

Audit assertions are the claims made by management regarding the financial statements being audited.

• Audit assertions include existence, completeness, valuation, rights and obligations, and presentation and disclosure.

• They help auditors assess the accuracy and reliability of financial statements.

• For example, existence assertion ensures that assets and liabilities actually exist at a given date.

Audit assertions are the claims made by management regarding the financial statements being audited.

• Audit assertions include existence, completeness, valuation, rights and obligations, and presentation and disclosure.

• They help auditors assess the accuracy and reliability of financial statements.

• For example, existence assertion ensures that assets and liabilities actually exist, while completeness assertion ensures that all transactions are recorded.

• Auditors test these asserti...read more

Professional skepticism is a critical mindset used in audit to question information and evidence.

• Professional skepticism involves questioning the reliability of information provided by clients.

• Auditors must remain independent and objective in their assessments.

• Examples of professional skepticism include verifying financial data with third-party sources and challenging management's assumptions.

• Auditors should not automatically accept information at face value but instead criti...read more

The proposed dividend is currently under review and will be announced at a later date.

• The company is currently reviewing its financials to determine the feasibility of a dividend payout

• The decision on the proposed dividend will depend on various factors such as profitability, cash flow, and future growth prospects

• The announcement of the proposed dividend will be made after the review process is complete

EPS stands for Earnings Per Share, a financial metric indicating the portion of a company's profit allocated to each outstanding share of common stock. DPS stands for Dividends Per Share, representing the total dividends paid out to shareholders per share of stock.

• EPS is calculated by dividing the company's net income by the number of outstanding shares of common stock.

• EPS is an important indicator of a company's profitability and is often used by investors to evaluate a comp...read more

Dih fsdf is a company specializing in technology solutions and its operations involve software development and IT consulting.

• Dih fsdf is known for its innovative software solutions.

• The company offers IT consulting services to help businesses improve their technology infrastructure.

• Dih fsdf's operations include software development for various industries such as healthcare, finance, and retail.