RSM India Internal Auditor Interview Questions and Answers

The aptitude test was 60 mins they had sent us a link and we were supposed to complete the test anytime before the deadline.
The test was actually pretty easy.
If you are preparing for MBA then you are also preparing for this aptitude test .
Following things were tested
Maths
interpretation skills
English
and if you want more details you can check on google there are many websites that can help.

Q1. How will you improve E-commerce
Ans. 
Improving E-commerce through personalized experiences, streamlined checkout process, and enhanced security measures.
• Implement personalized product recommendations based on user browsing and purchase history

• Simplify checkout process with one-click payment options and guest checkout

• Enhance security measures with two-factor authentication and fraud detection technology

• Offer flexible delivery options such as same-day or ne...read more
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Q2. How will you internally audit your campus? please properly prepare for this question
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Q3. Golden ratio GST difference between p&l and Balance sheet
Ans. 
The question is asking for the difference between P&L and Balance Sheet and the concept of golden ratio GST.
• P&L shows the company's revenue and expenses over a period of time, while the balance sheet shows the company's assets, liabilities, and equity at a specific point in time.

• Golden ratio GST is a mathematical concept used to determine the optimal tax rate for maximum revenue.

• P&L is used to determine the company's p...read more
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Q1. IQ test questions were covered.
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Q2. Technical questions were also covered.
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Is Cryptocurrency a future?

Q1. On Accouting and auditing standard
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Q2. Accounting standard 10
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Q1. Why Grant thornton?
Ans. Sir GT  is indias largest tax,assurance and advisory firm. A truly indian firm with global connections and while ho through the company's website I got to know that you are a global network of 68000 people in 147 markets with a common goal- to help people business flourish. And to be able to sit or work with these people would be a golden opportunity for me. And i also got to know that Your culture is always open, incl...read more
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Q2. Why stat audit?
Ans. 
Stat audit is important for ensuring accuracy, compliance, and transparency in financial statements.
• Stat audit helps in verifying the accuracy of financial statements and ensuring that they are free from material misstatements.

• It provides assurance to stakeholders that the financial information presented is reliable and trustworthy.

• Stat audit helps in detecting and preventing fraud, errors, and irregularities in financ...read more
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Q3. How would you receive negative comments?
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Q4. Where do you see yourself after 5 years?
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Q1. What is materiality? Difference between overall and performance materiality?
Ans. 
Materiality refers to the significance or importance of an item or event in relation to financial statements.
• Materiality is a concept used in auditing and accounting to determine the relevance of information.

• It involves assessing the impact of an item or event on the financial statements and whether it would influence the decisions of users.

• Materiality is subjective and depends on the nature and size of the entity bein...read more
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Q1. Basic discussion
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Q1. 1. Latest Amendment- Budget related amendment for FY. 2. AS, IND AS applicability , IFC applicability. 3. CARO Related 4. TDS related
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Q1. SA knowledge with case study questions
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Q2. Current affairs and sports questions
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