T R Chadha & Co Llp Article Audit Assistant Interview Questions and Answers

Q1. SA knowledge with case study questions
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Q2. Current affairs and sports questions
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Q1. Why Grant thornton?
Ans. Sir GT  is indias largest tax,assurance and advisory firm. A truly indian firm with global connections and while ho through the company's website I got to know that you are a global network of 68000 people in 147 markets with a common goal- to help people business flourish. And to be able to sit or work with these people would be a golden opportunity for me. And i also got to know that Your culture is always open, incl...read more
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Q2. Why stat audit?
Ans. 
Stat audit is important for ensuring accuracy, compliance, and transparency in financial statements.
• Stat audit helps in verifying the accuracy of financial statements and ensuring that they are free from material misstatements.

• It provides assurance to stakeholders that the financial information presented is reliable and trustworthy.

• Stat audit helps in detecting and preventing fraud, errors, and irregularities in financ...read more
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Q3. How would you receive negative comments?
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Q4. Where do you see yourself after 5 years?
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Q1. What is materiality? Difference between overall and performance materiality?
Ans. 
Materiality refers to the significance or importance of an item or event in relation to financial statements.
• Materiality is a concept used in auditing and accounting to determine the relevance of information.

• It involves assessing the impact of an item or event on the financial statements and whether it would influence the decisions of users.

• Materiality is subjective and depends on the nature and size of the entity bein...read more
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Q1. Basic discussion
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Q1. Tell me about yourself?
Ans. 
I am a dedicated and hardworking individual with a passion for learning and growth.
• Graduate in Accounting from XYZ University

• Completed internship at ABC Accounting Firm

• Proficient in MS Excel and QuickBooks

• Strong analytical and problem-solving skills

• Excellent communication and teamwork abilities
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Q2. Why you want to join in Statutory audit?
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Q1. Tell about yourself
Ans. 
I am a dedicated and hardworking individual with a passion for learning and growth.
• Completed Bachelor's degree in Accounting

• Currently pursuing CPA certification

• Previous internship experience at a Big 4 accounting firm

• Strong analytical and problem-solving skills

• Excellent communication and teamwork abilities
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Q2. Accounting standards
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Questions about logical reasoning

Q1. What is audit and diff between internal audit and stat audit
Ans. 
Audit is a systematic examination of financial records, while internal audit focuses on internal controls and processes and statutory audit is mandated by law.
• Audit is a systematic examination of financial records to ensure accuracy and compliance with regulations.

• Internal audit is conducted by employees within the organization to evaluate internal controls and processes.

• Statutory audit is an external audit mandated by...read more
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Q2. Favourite as and sa
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30 marks test where each question was of 2 marks some questions were MCQ where as some were solving

Q1. Asked information about where do I stay, from where I have done college, when can you join, have you completed your OC and it course. How many attempts etc.
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Q1. All questions were relating to As, and Sa and some questions were scenerio based.
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Q1. Basic CA inter foundation questions
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Q2. Tell me about yourself
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