T R Chadha & Co Llp CA Articleship Interview Questions and Answers

Q1. What do you know about International tax?
Ans. 
International tax refers to the taxation of income in multiple countries, often involving complex rules and regulations.
• International tax involves determining how much tax a person or company owes in different countries based on their income and activities.

• It can be influenced by tax treaties between countries, transfer pricing rules, and foreign tax credits.

• Multinational corporations often face challenges in complying...read more
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Q2. What is Transfer Pricing?
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Transfer pricing is the setting of prices for goods and services sold between related entities within an organization.
• Transfer pricing is used to determine the cost of goods and services transferred between different divisions or subsidiaries of a company.

• It helps in allocating profits and costs appropriately among different parts of the organization.

• Transfer pricing is important for tax purposes to ensure that transac...read more
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Q3. Why was transfer Pricing introduced?
Ans. 
Transfer pricing was introduced to prevent tax evasion and ensure fair pricing between related entities.
• To prevent tax evasion by multinational companies

• To ensure fair pricing between related entities

• To prevent profit shifting to low-tax jurisdictions

• To comply with international tax regulations such as OECD guidelines
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Q4. Recent finance amendments (budgets)
Ans. 
Recent finance amendments in budgets impact financial regulations and policies.
• Introduction of new tax laws or changes in existing tax rates

• Updates on government spending priorities and allocations

• Revisions to financial reporting standards

• Changes in import/export duties or tariffs

• Introduction of stimulus packages or economic relief measures
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Q5. Current affairs
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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. Can you explain the revenue recognition for goods?
Ans. 
Revenue recognition for goods involves recognizing revenue when goods are delivered or services are rendered.
• Revenue is recognized when the risks and rewards of ownership have been transferred to the buyer.

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

• Revenue recognition criteria include the amount of revenue can be measured reliably, it is probable that economic benefits will flow...read more
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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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