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I applied via Approached by Company and was interviewed in Mar 2023. There was 1 interview round.
Amendments to accounting standards are changes made to the existing accounting rules and regulations.
Amendments are made to improve the quality of financial reporting.
They are made by the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB).
Examples of recent amendments include changes to revenue recognition and lease accounting standards.
Companies must stay up-to-date wit...
Implications refer to the consequences or effects of a particular action or decision.
Implications can be positive or negative depending on the context.
They can affect individuals, organizations, or society as a whole.
It is important to consider the implications before making a decision.
For example, the implications of implementing a new policy may include increased costs, improved efficiency, or decreased employee mora
Related parties are identified through various methods and criteria.
Related parties can be identified through ownership or control relationships.
Financial transactions between related parties can also indicate their relationship.
Legal or contractual agreements can provide information about related parties.
Common management or significant influence can be used to identify related parties.
Examples of related parties incl...
Auditor identifies related parties through various means.
Reviewing financial statements for transactions with related parties
Inquiring with management about any known related parties
Examining ownership structures and board memberships
Analyzing contracts and agreements for related party transactions
Checking public records for family relationships or common ownership
Assessing the nature of the relationship and potential
I applied via Company Website and was interviewed in Sep 2021. There were 3 interview rounds.
I was interviewed before Oct 2016.
I was interviewed in Jun 2016.
The current exchange rate varies depending on the currency pair and market conditions.
Exchange rates are constantly fluctuating based on supply and demand
Factors such as political events, economic data, and central bank decisions can impact exchange rates
For example, as of August 2021, the exchange rate for USD to EUR is approximately 0.85
The Indian rupee is expected to depreciate against the dollar in the long run.
The Indian economy is heavily dependent on imports, which puts pressure on the rupee.
The US economy is expected to grow faster than India's, which will strengthen the dollar.
Political and economic instability in India can also weaken the rupee.
However, global events such as trade wars and geopolitical tensions can also impact the exchange rat...
Negotiate with service providers for bulk discounts and limit data usage to essential business needs.
Negotiate with service providers for bulk discounts
Limit data usage to essential business needs
Consider implementing a BYOD (Bring Your Own Device) policy
Use mobile device management software to monitor and control usage
Encourage employees to use Wi-Fi instead of cellular data when possible
I am an experienced consultant with a strong background in problem-solving and client management.
Experienced consultant
Strong problem-solving skills
Client management expertise
Consulting offers diverse challenges, continuous learning, and the opportunity to make a significant impact.
Consulting provides exposure to various industries and business problems.
It offers the chance to work with talented professionals and learn from their expertise.
Consultants have the opportunity to make a tangible difference by solving complex issues and driving positive change.
The work is dynamic and ever-evolvin...
Consulting offers diverse challenges, continuous learning, and the opportunity to make a significant impact.
Consulting provides exposure to various industries and business problems.
It offers the chance to work with talented professionals and learn from their expertise.
Consultants have the opportunity to solve complex problems and make a tangible difference.
The work is dynamic and ever-changing, ensuring continuous lear...
Wipro is an Indian multinational corporation that provides information technology, consulting and business process services.
Founded in 1945 by M.H. Hasham Premji
Headquartered in Bangalore, India
Employs over 190,000 people worldwide
Provides services in various industries including healthcare, finance, retail, and more
Has a strong focus on sustainability and social responsibility
Acquired Appirio, a cloud services company
Wipro Consulting is a global management consulting firm.
Offers services in strategy, operations, technology, and transformation.
Has a presence in over 50 countries.
Works with clients across various industries such as healthcare, financial services, and retail.
Part of Wipro Limited, a leading global information technology, consulting, and business process services company.
Wipro Business Consulting's strategy is to provide end-to-end consulting services to clients across various industries.
Offering a range of consulting services including strategy, operations, technology, and organization
Focusing on digital transformation and innovation
Collaborating with clients to develop customized solutions
Leveraging Wipro's global presence and expertise
Examples of clients include a leading US healthc...
A consultant should possess strong analytical skills, effective communication, adaptability, and industry expertise.
Strong analytical skills to identify problems, analyze data, and provide effective solutions.
Effective communication to clearly convey ideas, build relationships, and present recommendations.
Adaptability to work in diverse environments, handle unexpected challenges, and adjust strategies accordingly.
Indus...
Consultant role requires a broader skill set and the ability to provide holistic solutions.
Consultants need to have a deep understanding of various business functions and how they interact.
They are expected to provide comprehensive solutions that address multiple aspects of a problem.
Finance, marketing, and HR are important components of a business, but a consultant needs to go beyond individual functions.
For example, ...
My major drawback as a consultant in my previous organization was my lack of experience in a specific industry.
Lack of industry-specific knowledge
Difficulty in understanding the unique challenges faced by clients
Limited network and connections in the industry
Less credibility due to lack of experience
Need for extensive research and learning before providing effective solutions
The company is a leading consulting firm specializing in providing strategic advice and solutions to businesses.
The company has been in operation for over 10 years.
They have a team of experienced consultants with expertise in various industries.
They offer services such as market research, financial analysis, and business strategy development.
Some of their notable clients include Fortune 500 companies and startups.
They ...
Key factors for creating a client solution
Understanding client's needs and goals
Identifying potential challenges and limitations
Developing a customized solution
Ensuring scalability and flexibility
Providing ongoing support and maintenance
Collaborating with the client throughout the process
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Interview experience
based on 1 review
Rating in categories
Audit Executive
48
salaries
| ₹0 L/yr - ₹0 L/yr |
Senior Audit Executive
8
salaries
| ₹0 L/yr - ₹0 L/yr |
Audit and Assurance Executive
7
salaries
| ₹0 L/yr - ₹0 L/yr |
Audit Assistant
7
salaries
| ₹0 L/yr - ₹0 L/yr |
Chartered Accountant
6
salaries
| ₹0 L/yr - ₹0 L/yr |
TCS
Infosys
Wipro
HCLTech