Systenics Solutions Project Trainee Interview Questions and Answers

Learn join and windows functions

Asked me to create a Autocomplete Component within a specific time period

Q1. Mostly on JS, closure, hositing, let const and var keyword event loop, etc
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Q2. Questions about React JS
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Two DSA questions based on two pointers and frequency counter

Q1. Where do I see myself in 5 years
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Q2. What is the work I had done for my previous organisation
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Q1. Balance sheet and Pl
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Q1. What is internal audit?
Ans. 
Internal audit is an independent and objective assurance activity designed to add value and improve an organization's operations.
• It evaluates the effectiveness of risk management, control, and governance processes.

• It helps organizations accomplish their objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

• It provides in...read more
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Q2. Diff between stat and internal audit?
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Stat audit is mandatory by law, while internal audit is voluntary and conducted by the company itself.
• Statutory audit is conducted by external auditors, while internal audit is conducted by the company's own employees.

• Statutory audit is mandatory and required by law, while internal audit is voluntary and conducted by the company itself.

• Statutory audit is focused on ensuring compliance with legal and regulatory requirem...read more
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Q1. What do you mean by audit
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Audit is a systematic examination of financial records, statements, and transactions of an organization.
• Audit is conducted to ensure accuracy, reliability, and compliance with laws and regulations.

• It involves examining financial records, statements, and transactions of an organization.

• Auditors provide an opinion on the fairness and accuracy of the financial statements.

• Types of audits include internal audit, external au...read more
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Q2. Difference between statutory audit and internal audit
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Statutory audit is mandatory and conducted by external auditors while internal audit is voluntary and conducted by internal auditors.
• Statutory audit is conducted to ensure compliance with legal and regulatory requirements while internal audit is conducted to evaluate and improve the effectiveness of internal controls.

• Statutory audit is mandatory for all companies while internal audit is voluntary and can be conducted b...read more
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Q1. Risks of functional audits
Ans. 
Functional audits carry risks that can impact the organization.
• Lack of objectivity: Auditors may have biases or conflicts of interest that can affect the audit process.

• Limited scope: Functional audits may focus on specific areas, potentially overlooking broader organizational issues.

• Resistance to change: Audits can uncover deficiencies or areas for improvement, which may be met with resistance from employees or managem...read more
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