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S.S. Kothari Mehta & Co Interview Questions, Process, and Tips

Updated 30 Jul 2024

Top S.S. Kothari Mehta & Co Interview Questions and Answers

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S.S. Kothari Mehta & Co Interview Experiences

Popular Designations

8 interviews found

Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - HR 

(2 Questions)

  • Q1. Te;ll me about you
  • Q2. Strenght & weaknesses
Round 2 - Technical 

(2 Questions)

  • Q1. Default in depositing the undisputed statutiry dues
  • Ans. 

    Defaulting in depositing undisputed statutory dues can lead to legal consequences and financial penalties.

    • Defaulting in depositing undisputed statutory dues can result in penalties, interest, and legal action by the authorities.

    • It is important for businesses to ensure timely deposit of statutory dues such as TDS, GST, PF, etc.

    • Failure to deposit statutory dues can also impact the company's reputation and creditworthines...

  • Answered by AI
  • Q2. Rate at which TDS is deducted from contractors
  • Ans. 

    TDS rate for contractors varies based on the type of payment and nature of work.

    • TDS rate for contractors can range from 1% to 10% depending on the type of payment and nature of work.

    • For example, TDS rate for payment to contractors for work like advertising, catering, transport, etc. is 1%.

    • However, TDS rate for payment to contractors for professional or technical services is 10%.

    • Contractors can also apply for lower TDS

  • Answered by AI

CA Article Trainee Interview Questions asked at other Companies

Q1. How to calculate GAV under the head income from HP?
View answer (1)
Interview experience
3
Average
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed in May 2024. There was 1 interview round.

Round 1 - One-on-one 

(4 Questions)

  • Q1. What is TDS deposit date
  • Ans. 

    TDS deposit date is the due date by which tax deducted at source must be deposited with the government.

    • TDS deposit date is usually the 7th of the following month for non-government deductors.

    • For government deductors, TDS deposit date is usually the 7th of the following month except for March, where it is the 30th.

    • Late deposit of TDS may attract interest and penalties.

  • Answered by AI
  • Q2. GST returns (Gst-1,2,3)
  • Q3. What is internal audit
  • Ans. 

    Internal audit is a process where an organization's operations, financials, and compliance are reviewed by an internal team.

    • Internal audit helps ensure that the organization's operations are efficient and effective.

    • It also helps in identifying risks and ensuring compliance with laws and regulations.

    • Internal auditors provide recommendations for improvement based on their findings.

    • Examples of internal audit activities in...

  • Answered by AI
  • Q4. Process like p2p

Interview Preparation Tips

Interview preparation tips for other job seekers - Revise GST and TDS concepts

Article Assistant Interview Questions asked at other Companies

Q1. What is the difference between emphasis on matter paragraph and key audit matter.
View answer (1)

Audit Manager Interview Questions & Answers

user image Anonymous

posted on 21 Oct 2023

Interview experience
1
Bad
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Technical 

(2 Questions)

  • Q1. What is caro reporting requirments.
  • Ans. 

    CARO reporting requirements refer to the reporting standards specified by the Companies (Auditor's Report) Order.

    • CARO reporting requirements are specified by the Companies (Auditor's Report) Order, 2016.

    • These requirements mandate specific disclosures to be made by auditors in their report on the financial statements of companies.

    • Some of the key areas covered by CARO reporting include fixed assets, inventory, loans gran...

  • Answered by AI
  • Q2. Ind As 116 etc

Interview Preparation Tips

Interview preparation tips for other job seekers - Firm is good but if you go in firm then dont join in team under partner Mr. Deepak Aggarwal. Worst behaviour with personal comments , this is general nature of Mr. Deepak Aggarwal.

Audit Manager Interview Questions asked at other Companies

Q1. what was the recent audit issue you have come across?
View answer (1)

Executive Interview Questions & Answers

user image Anonymous

posted on 16 Oct 2023

Interview experience
3
Average
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Thinking Bridge and was interviewed before Oct 2022. There were 3 interview rounds.

Round 1 - Technical 

(4 Questions)

  • Q1. How to calculate ROU Asset?
  • Ans. 

    ROU Asset can be calculated by determining the present value of lease payments and adding initial direct costs.

    • Calculate the present value of lease payments using the discount rate

    • Add any initial direct costs incurred in obtaining the lease

    • Subtract any lease incentives received from the lessor

    • Consider any impairment charges or adjustments needed for the ROU Asset

    • Example: Present value of lease payments = $100,000, Init...

  • Answered by AI
  • Q2. What is Ind As 116 about? Tell me about it.
  • Ans. 

    Ind AS 116 is a new lease accounting standard that replaces the existing Ind AS 17.

    • Ind AS 116 changes the accounting treatment for leases, requiring lessees to recognize most leases on their balance sheets.

    • It eliminates the distinction between operating and finance leases for lessees.

    • Lessees must now recognize a right-of-use asset and a lease liability for almost all leases.

    • The standard aims to provide a more faithful ...

  • Answered by AI
  • Q3. How can we recognize revenue under Ind As?
  • Ans. 

    Revenue recognition under Ind AS involves following specific criteria and guidelines.

    • Revenue should be recognized when it is probable that economic benefits will flow to the entity and the revenue can be reliably measured.

    • Revenue should be recognized at the fair value of the consideration received or receivable.

    • Revenue should be recognized when specific criteria are met, such as transfer of risks and rewards of ownersh...

  • Answered by AI
  • Q4. What are the changes between CARO 2020 and CARO 2016?
  • Ans. 

    CARO 2020 introduced significant changes compared to CARO 2016.

    • Expanded scope of reporting requirements

    • Introduction of new reporting formats

    • Enhanced focus on fraud detection and reporting

    • Increased responsibilities for auditors

    • Additional disclosures related to related party transactions

  • Answered by AI
Round 2 - Technical 

(7 Questions)

  • Q1. What does SA 402 says? What type of report does it prescribe?
  • Ans. 

    SA 402 is a standard on auditing of accounting estimates and related disclosures. It prescribes an auditor's report.

    • SA 402 provides guidance on auditing accounting estimates and related disclosures.

    • It requires the auditor to evaluate the reasonableness of accounting estimates made by management.

    • The standard also emphasizes the importance of disclosures related to accounting estimates in financial statements.

    • SA 402 pres...

  • Answered by AI
  • Q2. How do you audit fixed asset?
  • Ans. 

    Fixed asset audits involve physical verification, reconciliation with records, and assessment of depreciation.

    • Perform physical verification of fixed assets to ensure they exist and are in the stated condition.

    • Reconcile fixed asset records with financial statements to identify any discrepancies.

    • Assess the depreciation of fixed assets to ensure it is accurately recorded.

    • Verify the location and usage of fixed assets to co...

  • Answered by AI
  • Q3. When can you make contingent liability? What do you understand about probable, possible and remote cases?
  • Ans. 

    Contingent liabilities are recognized when it is probable that a liability will occur and the amount can be reasonably estimated.

    • Contingent liabilities are recognized when it is probable that a liability will occur and the amount can be reasonably estimated.

    • Probable cases are those where the occurrence of the liability is likely based on available evidence.

    • Possible cases are those where the occurrence of the liability ...

  • Answered by AI
  • Q4. Is cash and bank high risk item or low risk item?
  • Ans. 

    Cash and bank are generally considered low risk items due to their stability and liquidity.

    • Cash and bank deposits are easily accessible and can be quickly converted into cash if needed.

    • Banks are typically insured by government agencies, providing an additional layer of security for deposits.

    • While there is a risk of theft or fraud, proper security measures can mitigate these risks.

    • Investing in high-risk assets like stoc...

  • Answered by AI
  • Q5. What are the methods of inventory valuation?
  • Ans. 

    Inventory valuation methods include FIFO, LIFO, weighted average, and specific identification.

    • FIFO (First In, First Out) - assumes that the oldest inventory items are sold first

    • LIFO (Last In, First Out) - assumes that the newest inventory items are sold first

    • Weighted Average - calculates the average cost of inventory items based on their weights

    • Specific Identification - assigns the actual cost of each inventory item to

  • Answered by AI
  • Q6. Different assertions in audit.
  • Ans. 

    Different assertions in audit refer to various claims or statements made during the auditing process to evaluate the accuracy and reliability of financial information.

    • Existence assertion: Ensuring that assets and liabilities actually exist at a given date.

    • Completeness assertion: Verifying that all transactions and accounts are recorded in the financial statements.

    • Valuation assertion: Confirming that assets and liabilit...

  • Answered by AI
  • Q7. What is cutoff procedure? How do you perform it? Why it is performed?
  • Ans. 

    Cutoff procedure is a process of determining a specific point in time for ending a particular activity or transaction.

    • Cutoff procedure is performed to ensure accurate financial reporting by capturing all relevant transactions within a specific period.

    • It involves setting a specific date and time to stop recording transactions for a particular period, such as month-end or year-end.

    • The procedure includes reviewing and adj...

  • Answered by AI
Round 3 - HR 

(1 Question)

  • Q1. What is your salary expectation?

Interview Preparation Tips

Topics to prepare for S.S. Kothari Mehta & Co Executive interview:
  • Ind AS 116
  • Ind AS 115
  • Ind AS 16
  • Standards on Auditing
  • CARO reporting
Interview preparation tips for other job seekers - Confirm under whose management you are going to be working and do research about your senior.

Top S.S. Kothari Mehta & Co Executive Interview Questions and Answers

Q1. When can you make contingent liability? What do you understand about probable, possible and remote cases?
View answer (1)

Executive Interview Questions asked at other Companies

Q1. How will you start RS method Development for known drug product?
View answer (16)

S.S. Kothari Mehta & Co interview questions for popular designations

 Article Assistant

 (3)

 Article Trainee

 (1)

 Audit Assistant

 (1)

 Audit Manager

 (1)

 CA Article Trainee

 (1)

 Executive

 (1)

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Company Website and was interviewed before May 2023. There was 1 interview round.

Round 1 - One-on-one 

(1 Question)

  • Q1. Tell me about yourself

Interview Preparation Tips

Interview preparation tips for other job seekers - Just be yourself, confident and charismatic

Article Assistant Interview Questions asked at other Companies

Q1. What is the difference between emphasis on matter paragraph and key audit matter.
View answer (1)

Get interview-ready with Top S.S. Kothari Mehta & Co Interview Questions

Round 1 - Technical 

(2 Questions)

  • Q1. What do you know about CARO?
  • Q2. What functions do you know on excel?
  • Ans. 

    I know various functions on Excel such as SUM, AVERAGE, COUNT, IF, VLOOKUP, and more.

    • Basic arithmetic functions like SUM, AVERAGE, COUNT

    • Logical functions like IF, AND, OR

    • Lookup functions like VLOOKUP, HLOOKUP

    • Text functions like CONCATENATE, LEFT, RIGHT

    • Date and time functions like TODAY, NOW, MONTH

    • Statistical functions like MAX, MIN, MEDIAN

    • Financial functions like PV, FV, NPV

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Prepare caro, as, excel , not much be confidence with good communication skills

Skills evaluated in this interview

Article Trainee Interview Questions asked at other Companies

Q1. If there are no sales of particular stock item for 6 months. How did you evaluate the cost as per AS2?
View answer (1)

Jobs at S.S. Kothari Mehta & Co

View all

I applied via Referral and was interviewed before Jan 2021. There were 5 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - Assignment 

Basic assignment related to ind as

Round 3 - HR 

(3 Questions)

  • Q1. What is your family background?
  • Q2. What are your strengths and weaknesses?
  • Q3. Tell me about yourself.
Round 4 - Technical 

(1 Question)

  • Q1. How to close tresury, how to check bank area,
  • Ans. 

    To close treasury, reconcile all transactions and balances, ensure all necessary approvals are obtained, and update records accordingly. To check bank area, review bank statements and compare to internal records.

    • Reconcile all transactions and balances

    • Ensure all necessary approvals are obtained

    • Update records accordingly

    • Review bank statements

    • Compare to internal records

  • Answered by AI
Round 5 - One-on-one 

(1 Question)

  • Q1. Details about my background, my leave requirements , late shifts working

Interview Preparation Tips

Interview preparation tips for other job seekers - Good work ex if you have opportunity you can have good exposure

Audit Assistant Interview Questions asked at other Companies

Q1. How will you Audit the bank balance appearing in financial statements?
View answer (2)

I was interviewed before May 2016.

Interview Questionnaire 

1 Question

  • Q1. Tell me about urself
  • Ans. 

    I am a detail-oriented and organized individual with a passion for writing and research.

    • Graduated with a degree in journalism

    • Experience working as a freelance writer for various publications

    • Proficient in conducting research and fact-checking

    • Strong organizational skills and ability to meet deadlines

  • Answered by AI

Interview Preparation Tips

Round: Resume Shortlist
Experience: I forwarded my resume to my known one who had worked in that co.
Tips: Design your resume wisely

Round: Test
Experience: I did not know the answer to some questions. Still I attempted all.
Tips: Retain the basics of IPCC
Duration: 1 hour
Total Questions: 12

Round: HR Interview
Experience: They generally test your communication skills
Tips: Do not hesitate

Round: Technical Interview
Experience: It was not much technical. I answered majority of questions
Tips: Be confident

Skills: Communication skills and knowledge , Communication

Article Assistant Interview Questions asked at other Companies

Q1. What is the difference between emphasis on matter paragraph and key audit matter.
View answer (1)

Interview questions from similar companies

Interview experience
3
Average
Difficulty level
Easy
Process Duration
-
Result
Selected Selected

I was interviewed in May 2023.

Round 1 - Aptitude Test 

Accounting questions like journal entry, bank passbook balance with cash balance, revenue expenditure deffered

Round 2 - One-on-one 

(2 Questions)

  • Q1. Prepaid expense entry for the year Depreciation entry Trade discount Cash discount
  • Q2. Sales return entry wrongly credited to purchase return,
  • Ans. 

    The sales return entry should be debited to sales return account and credited to customer's account.

    • Sales return entry should be debited to sales return account

    • Sales return entry should be credited to customer's account

    • Ensure correct accounts are debited and credited to rectify the error

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Basic accounting focus

I applied via Referral and was interviewed in Oct 2022. There were 5 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Aptitude Test 

General aptitude questions, attention to detail, graphs, accounting questions

Round 3 - Technical 

(1 Question)

  • Q1. Pure accounting & auditing questions
Round 4 - HR 

(1 Question)

  • Q1. Family background and general personality questions
Round 5 - Behavioral 

(1 Question)

  • Q1. Interview with the director of audit. Technical & HR based questions

Interview Preparation Tips

Interview preparation tips for other job seekers - Try getting in through referrals and connections on LinkedIn

S.S. Kothari Mehta & Co Interview FAQs

How many rounds are there in S.S. Kothari Mehta & Co interview?
S.S. Kothari Mehta & Co interview process usually has 2-3 rounds. The most common rounds in the S.S. Kothari Mehta & Co interview process are Technical, Resume Shortlist and HR.
How to prepare for S.S. Kothari Mehta & Co interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at S.S. Kothari Mehta & Co. The most common topics and skills that interviewers at S.S. Kothari Mehta & Co expect are Internal Audit, Statutory Audit, Internal Control, SOX Compliance and Auditing.
What are the top questions asked in S.S. Kothari Mehta & Co interview?

Some of the top questions asked at the S.S. Kothari Mehta & Co interview -

  1. When can you make contingent liability? What do you understand about probable, ...read more
  2. What does SA 402 says? What type of report does it prescri...read more
  3. What is cutoff procedure? How do you perform it? Why it is perform...read more

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S.S. Kothari Mehta & Co Interview Process

based on 5 interviews

Interview experience

3.2
  
Average
View more

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S.S. Kothari Mehta & Co Reviews and Ratings

based on 159 reviews

3.4/5

Rating in categories

3.5

Skill development

3.3

Work-life balance

2.6

Salary

3.5

Job security

3.1

Company culture

3.0

Promotions

3.3

Work satisfaction

Explore 159 Reviews and Ratings
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