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

Updated 16 Oct 2023

S.S. Kothari Mehta & Co Executive Interview Experiences

1 interview found

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 4 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Properly align and format text in your resume. A recruiter will have to spend more time reading poorly aligned text, leading to high chances of rejection.
View all tips
Round 2 - 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 3 - 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 4 - 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.

Interview questions from similar companies

Executive Interview Questions & Answers

Grant Thornton user image Shekhar Kumar mishra

posted on 11 Apr 2024

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

I applied via Referral and was interviewed before Apr 2023. There were 2 interview rounds.

Round 1 - One-on-one 

(2 Questions)

  • Q1. What is Accounts Payable?
  • Ans. 

    Accounts Payable is the amount of money a company owes to its suppliers or vendors for goods or services purchased on credit.

    • Accounts Payable is a liability on the company's balance sheet.

    • It represents the short-term debt that a company owes to its creditors.

    • Examples of Accounts Payable include invoices from suppliers for inventory purchases or services rendered.

    • Accounts Payable is typically paid within a specified per

  • Answered by AI
  • Q2. Explain TDS sec 194j and its limit?
  • Ans. 

    TDS sec 194j is a section of the Income Tax Act that deals with TDS on fees for professional or technical services.

    • TDS sec 194j requires deduction of tax at source at the rate of 10% on fees for professional or technical services.

    • The limit for TDS under sec 194j is Rs. 30,000 for a single payment or Rs. 1,00,000 in aggregate during the financial year.

    • If the payment is made to an individual or HUF, the TDS rate is 10%. ...

  • Answered by AI
Round 2 - Behavioral 

(1 Question)

  • Q1. Difference between GSTR-2A and GSTR-2B?
  • Ans. 

    GSTR-2A is auto-populated with data from suppliers, while GSTR-2B is a static statement generated by the taxpayer.

    • GSTR-2A is generated by the GST system based on the data uploaded by suppliers.

    • GSTR-2B is a static statement generated by the taxpayer after considering amendments, credit notes, etc.

    • Taxpayers can make changes to GSTR-2B before filing, but not to GSTR-2A.

    • GSTR-2A helps in reconciliation of input tax credit, ...

  • Answered by AI

Executive Interview Questions & Answers

BDO user image Anonymous

posted on 19 Oct 2023

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Campus Placement and was interviewed before Oct 2022. There were 4 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 

Basic questions related to English grammer, Quantitative Aptitude & reasoning were asked.

Round 3 - Coding Test 

Questions were asked to test the proficiency in Data Structure, Core OOPs principles and any programming language.

Round 4 - One-on-one 

(1 Question)

  • Q1. What is inheritance, describe polymorphism, Tell me some Java 8 features, how stack works, differentiate between stack and queue considering their working, describe enhanced for loop in java, differentiate...
  • Ans. 

    Inheritance is a mechanism in which a new class inherits properties and behaviors from an existing class. Polymorphism allows objects of different classes to be treated as objects of a common superclass.

    • Java 8 features include lambda expressions, functional interfaces, streams, and default methods.

    • Stack is a data structure that follows the Last In First Out (LIFO) principle, while a queue follows the First In First Out...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Just be confident enough while giving your answers, never doubt yourself and the confidence will be developed only when you will be well versed with the basics of core java ( if seeking job as a java developer) or whichever language you are wishing to work on, basic understanding and implementation of Data structures is also a must..

Skills evaluated in this interview

I applied via LinkedIn and was interviewed in Feb 2021. There were 5 interview rounds.

Interview Questionnaire 

5 Questions

  • Q1. IND AS 116, CARO REPORTING 2016 AND 2020
  • Q2. IND AS 115, 109, 110
  • Q3. SA 570, 705, 320 AND 240
  • Q4. Contingent Liability and subsequent events
  • Q5. Trade Receivables and Trade Payables analysis

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident, Try to give your answer in points, Always tell them Your significant finding/Achievement during the Audit. Try to relate your weakness as strength.
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Properly align and format text in your resume. A recruiter will have to spend more time reading poorly aligned text, leading to high chances of rejection.
View all tips
Round 2 - HR 

(1 Question)

  • Q1. Prelim screening round with recruiter
Round 3 - One-on-one 

(1 Question)

  • Q1. Managerial discussion and subjective interview
Round 4 - Case Study 

Excel and Case study round wrt to the service line

Round 5 - One-on-one 

(1 Question)

  • Q1. Final round with Director
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I applied via Approached by Company and was interviewed before Feb 2023. There was 1 interview round.

Round 1 - Technical 

(4 Questions)

  • Q1. Audit Assertions
  • Q2. Sampling Methods
  • Q3. Audit Reports Types
  • Q4. Where do see yourself in next 5 Years

Interview Preparation Tips

Interview preparation tips for other job seekers - Just keep calm and do your best

Executive Interview Questions & Answers

Deloitte user image Paridhi Nandecha

posted on 11 Dec 2021

I applied via Naukri.com and was interviewed in Nov 2021. There was 1 interview round.

Interview Questionnaire 

5 Questions

  • Q1. Difference between limited review and audit
  • Ans. 

    Limited review is less extensive than an audit, providing limited assurance on financial statements.

    • Limited review is a less comprehensive examination of financial statements compared to an audit.

    • An audit involves a detailed examination of financial records, transactions, and internal controls.

    • A limited review provides a moderate level of assurance on the accuracy and reliability of financial statements.

    • Audits are typi...

  • Answered by AI
  • Q2. Why quarterly financial results are called unaudited financial statements?
  • Ans. 

    Quarterly financial results are unaudited as they are not verified by an external auditor.

    • Quarterly financial results are released every three months and provide a snapshot of a company's financial performance.

    • These statements are not verified by an external auditor, unlike annual financial statements.

    • The unaudited financial statements are subject to change and may not be as accurate as audited financial statements.

    • Inv...

  • Answered by AI
  • Q3. 5 Accounting assumptions
  • Ans. 

    The 5 accounting assumptions are basic principles that guide the preparation of financial statements.

    • 1. Going Concern: Assumes that the business will continue to operate indefinitely.

    • 2. Consistency: Requires consistent accounting methods and practices over time.

    • 3. Accrual: Records transactions when they occur, not when cash is exchanged.

    • 4. Monetary Unit: Assumes that financial transactions are measured in a stable curr...

  • Answered by AI
  • Q4. Difference between As 9 and Ind AS 115
  • Ans. 

    AS 9 and Ind AS 115 are accounting standards that differ in revenue recognition principles.

    • AS 9 follows the 'realization' principle, recognizing revenue when it is realized or realizable.

    • Ind AS 115 follows the 'control' principle, recognizing revenue when control of goods or services is transferred to the customer.

    • AS 9 allows revenue recognition at different stages of completion, while Ind AS 115 requires a more string...

  • Answered by AI
  • Q5. Question related to your CV

Interview Preparation Tips

Interview preparation tips for other job seekers - Stay confident and brush up your knowledge regarding Ind AS and Auditing
Interview experience
3
Average
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 - HR 

(1 Question)

  • Q1. Question related with salary expectations, strength and weakness
Round 3 - Technical 

(1 Question)

  • Q1. Question relating with IND AS, Schedule 3, CARO, standard on auditing

Interview Preparation Tips

Interview preparation tips for other job seekers - Be prepared and give your 💯 . U have to prepare IND AS knowledge and Practical Approach for Standard on auditing

I applied via Naukri.com and was interviewed in Apr 2021. There were 3 interview rounds.

Interview Questionnaire 

2 Questions

  • Q1. Describe about yourself
  • Q2. Behavioural questions

Interview Preparation Tips

Interview preparation tips for other job seekers - Be ready with explanation on your skillset and job jd

Executive Interview Questions & Answers

PwC user image Anonymous

posted on 11 Aug 2023

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

I applied via Referral and was interviewed in Jul 2023. There were 2 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 - Technical 

(3 Questions)

  • Q1. Nothing much to say, hence not mentioned any
  • Q2. Nothing much to say, hence not adding anything here
  • Q3. Nothing much to say again, hence skipping this field

Interview Preparation Tips

Interview preparation tips for other job seekers - There is not much to say

S.S. Kothari Mehta & Co Interview FAQs

How many rounds are there in S.S. Kothari Mehta & Co Executive interview?
S.S. Kothari Mehta & Co interview process usually has 4 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 Executive 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 Corporate Taxation, Direct Tax, Transfer pricing, Income Tax Audit and International Taxation.
What are the top questions asked in S.S. Kothari Mehta & Co Executive interview?

Some of the top questions asked at the S.S. Kothari Mehta & Co Executive 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 Executive Interview Process

based on 1 interview

Interview experience

3
  
Average
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S.S. Kothari Mehta & Co Executive Salary
based on 117 salaries
₹3 L/yr - ₹9.4 L/yr
41% more than the average Executive Salary in India
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S.S. Kothari Mehta & Co Executive Reviews and Ratings

based on 22 reviews

2.7/5

Rating in categories

2.9

Skill development

2.6

Work-life balance

2.4

Salary

2.9

Job security

2.3

Company culture

2.6

Promotions

2.6

Work satisfaction

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