Shah Kapadia & Associates Audit Executive Interview Questions, Process, and Tips

Stock market is a platform where buying, selling, and issuance of shares of publicly-held companies take place. NSE and BSE are major stock exchanges in India.

• Stock market is a platform for buying and selling shares of publicly-held companies

• NSE (National Stock Exchange) and BSE (Bombay Stock Exchange) are major stock exchanges in India

• Stock market prices are determined by supply and demand, influenced by various facto...read more

SEBI regulates the securities market in India to protect the interests of investors and promote fair and transparent dealings.

• SEBI (Securities and Exchange Board of India) is a regulatory body established in 1992.

• It regulates the securities market by overseeing stock exchanges, brokers, merchant bankers, and other intermediaries.

• SEBI aims to protect the interests of investors and promote fair and transparent dealings i...read more

Audit is a systematic examination of financial records, transactions, and processes to ensure accuracy and compliance.

• Audit is a process of evaluating and verifying financial information to ensure accuracy and compliance with regulations.

• Internal audit is conducted by an organization's own employees to assess and improve the effectiveness of risk management, control, and governance processes.

• Internal auditors provide i...read more

Internal audit is conducted to evaluate and improve the effectiveness of risk management, control, and governance processes within an organization.

• To assess the effectiveness of risk management processes

• To evaluate the efficiency of control mechanisms

• To ensure compliance with laws and regulations

• To identify areas for improvement in governance processes

• To provide assurance to stakeholders

• To detect and prevent fraud or m...read more