KnovaOne Interview Questions and Answers

The question covers various topics related to auditing and accounting.

• Schedule 3 amendments refer to changes made in the Companies Act, 2013.

• Caro 2020 is the Companies (Auditor's Report) Order, 2020 which outlines the format and content of the auditor's report.

• Stock audit involves verifying the physical existence and valuation of inventory.

• Auditing rental and housekeeping expenses involves checking the accuracy and completeness of records and ensuring compliance with accounti...read more

Logistic regression is used for classification while linear regression is used for regression. Threshold is decided based on the problem.

• Logistic regression predicts the probability of an event occurring, while linear regression predicts a continuous outcome.

• Logistic regression uses a sigmoid function to map the predicted values between 0 and 1.

• Linear regression uses a linear equation to model the relationship between the independent and dependent variables.

• The threshold in l...read more

The evaluation metric for a problem is decided based on the specific goals and requirements of the problem.

• Consider the problem's objective: classification, regression, clustering, etc.

• Understand the business or research context to determine the most relevant metric.

• Evaluate the metric's suitability: sensitivity to class imbalance, interpretability, etc.

• Choose a metric that aligns with the problem's priorities and constraints.

• Common evaluation metrics: accuracy, precision, re...read more

My daily prime activities include managing schedules, coordinating meetings, handling correspondence, and assisting with projects.

• Creating daily to-do lists and prioritizing tasks

• Scheduling meetings and appointments

• Coordinating travel arrangements

• Handling phone calls and emails

• Assisting with project research and preparation

• Organizing files and documents

Regression statistics explain relationships between variables in a dataset.

• Regression statistics help in understanding the relationship between a dependent variable and one or more independent variables.

• It provides information on the strength and direction of the relationship.

• Common regression statistics include R-squared, coefficients, p-values, and standard errors.

• Regression analysis can be used to make predictions based on the relationships identified.

BRD focuses on business requirements, while FRD focuses on functional requirements.

• BRD (Business Requirements Document) outlines the business objectives and goals that the project aims to achieve.

• FRD (Functional Requirements Document) details the specific functions and features that the system must have to meet the business requirements.

• BRD is more high-level and focuses on the 'what' of the project, while FRD is more detailed and focuses on the 'how'.

• BRD is created before FR...read more