SDP & Associates (Office) Senior Audit Executive Interview Questions and Answers

Q1. Tell me about yourself
Add your answer
Q2. Why this role attracts you
Add your answer
Q3. What are your hobbies
Add your answer
Q4. What are your goals
Add your answer
Q5. What is your educational background
Ans. 
I have a Bachelor's degree in Accounting and Finance from XYZ University.
• Bachelor's degree in Accounting and Finance

• Graduated from XYZ University

• Completed relevant coursework in auditing
Answered by AI
Add your answer
Q6. What was your previous role
Ans. 
I was a Financial Analyst at a Fortune 500 company
• Prepared financial reports and analysis for management

• Assisted in budgeting and forecasting processes

• Conducted variance analysis to identify trends and areas for improvement
Answered by AI
Add your answer

Q1. What is Auditing
Ans. 
Auditing is the process of examining and evaluating financial information to ensure accuracy and compliance with regulations.
• Auditing involves reviewing financial statements, transactions, and internal controls.

• Auditors assess the risk of material misstatement in financial reporting.

• They gather evidence to support their findings and issue an opinion on the financial statements.

• Auditing helps stakeholders make informed ...read more
Answered by AI
Add your answer
Q2. What is the formula of VLOOKUP
Ans. 
VLOOKUP is a function in Excel used to search for a value in a table and return a corresponding value.
• VLOOKUP stands for 'Vertical Lookup'

• The formula syntax is =VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup])

• Example: =VLOOKUP(A2, B2:D10, 3, FALSE) - this will search for the value in cell A2 in the range B2:D10 and return the value in the 3rd column

• The range_lookup parameter can be either TRUE (approxi
Answered by AI
Add your answer
Q3. Name the three accounting standards
Ans. 
The three accounting standards are GAAP, IFRS, and GASB.
• GAAP (Generally Accepted Accounting Principles) is used in the United States

• IFRS (International Financial Reporting Standards) is used globally in many countries

• GASB (Governmental Accounting Standards Board) is used for government entities
Answered by AI
Add your answer
Q4. What is inventory management
Ans. 
Inventory management involves overseeing the flow of goods from manufacturers to warehouses to retailers, ensuring optimal levels are maintained.
• Inventory management involves tracking and controlling the flow of goods from suppliers to warehouses to customers.

• It includes forecasting demand, setting reorder points, and managing stock levels to prevent stockouts or overstocking.

• Efficient inventory management can help red...read more
Answered by AI
Add your answer
Q5. What is store ledger
Ans. 
Store ledger is a record of all transactions related to inventory in a store.
• Store ledger tracks the movement of goods in and out of the store.

• It helps in maintaining accurate inventory levels and preventing stockouts.

• The ledger includes details such as item description, quantity, date of transaction, and cost.

• Regularly updating the store ledger is essential for effective inventory management.

• Example: A store ledger ma...read more
Answered by AI
Add your answer
Q6. Do you have any questions for us
Add your answer

Q1. Tell me about yourself?
Add your answer

Q1. About internal audit and its applicability
Add your answer
Q2. What makes you to choose Internal Audit
Add your answer

Q1. O2C,PTP process, department involved in the processes
Add your answer

Q1. Gave details about company and policies.
Add your answer

Q1. Why do u want to join Internal audit
Add your answer
Q2. What do u expect from NBFC firm audit
Add your answer

The process was very clear.

Q1. What makes you the ideal candidate for this position?
Ans. 
I possess a strong attention to detail, analytical skills, and a commitment to accuracy.
• I have a background in accounting and finance, with experience in auditing procedures.

• I am highly organized and able to manage multiple tasks efficiently.

• I have excellent communication skills, allowing me to work effectively with clients and team members.

• I am dedicated to continuous learning and professional development to stay curr
Answered by AI
Add your answer

Q1. What are your salary expectations?
Ans. 
My salary expectations are in line with industry standards for Audit Associates with my level of experience.
• Research industry standards for Audit Associate salaries

• Consider my level of experience and qualifications

• Be prepared to negotiate based on benefits and opportunities for growth
Answered by AI
Add your answer

Easy. It was related to finance and other professional areas.

Q1. Tests managerial skills
Add your answer

Q1. General Questions
Add your answer

Q1. Tell me About yourself
Ans. 
Experienced audit executive with a strong background in financial analysis and risk management.
• Over 10 years of experience in auditing and financial analysis

• Skilled in risk management and compliance

• Led successful audits for Fortune 500 companies

• Strong communication and leadership skills

• Certified Public Accountant (CPA)
Answered by AI
Add your answer
Q2. Inventory valuation
Add your answer

Q1. What your name?
Add your answer
Q2. What your personality?
Add your answer
Q3. When Did you go for exam
Add your answer