T R Chadha & Co Llp Manager Indirect Taxation Interview Questions and Answers

Q1. IQ test questions were covered.
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Q2. Technical questions were also covered.
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Test of 30 minutes of the field you choice proper paper no mcq

Q1. Basics of tax explain from basic
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Q1. Every tds sextion and rate you know
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Q1. What are your strengths and weaknesses?
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Q2. What are your salary expectations?
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Q3. Share details of your previous job.
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Q4. Why should we hire you?
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Q5. Tell me about yourself.
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Q1. Details about the department you want to join.
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Q1. What is Materiality?
Ans. 
Materiality refers to the significance of an item or event in relation to financial statements.
• Materiality is a concept used in auditing to determine the importance of an item or event in relation to financial statements.

• It is used to determine whether an item or event is significant enough to affect the decision-making of users of financial statements.

• Materiality is subjective and depends on the context of the financi...read more
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Q2. What is Audit Risk? Audit Procedure for an Account Balance Audit Procedure for Cash & Bank Balance
Ans. 
Audit risk is the risk that an auditor expresses an inappropriate opinion on financial statements.
• Audit risk is the risk that the auditor may issue an incorrect opinion on the financial statements.

• It is the risk that the auditor may fail to detect material misstatements in the financial statements.

• Audit risk is composed of inherent risk, control risk, and detection risk.

• Inherent risk is the risk of material misstatemen...read more
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Q1. Same as 1 round with almost similar basic question based on Auditing
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Q1. Tell me about yourself
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Q2. Technical questions
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Easy 4 sections general questions easily cleared

My topic was ev cars vs petrol cars. All were shortlisted.

Q1. Why you want to join rsm
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Q2. What is suspense account
Ans. 
A suspense account is a temporary account used to record transactions for which there is uncertainty about the appropriate account to use.
• Used when there is uncertainty about the correct account to use

• Temporary holding place for transactions

• Helps prevent errors in financial statements

• Commonly used in accounting to temporarily hold transactions until they can be properly classified
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An online English assessment via Google Forms, MCQ. There were also essay-type of questions usually about dealing with certain workplace situations.

Q1. Why do you want to join this company?
Ans. 
I want to join this company because of its strong reputation in the industry and its commitment to excellence in audit services.
• The company has a strong reputation in the industry for providing high-quality audit services.

• I am impressed by the company's commitment to excellence and continuous improvement in its audit processes.

• The company offers great opportunities for professional growth and development.

• I believe that...read more
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Q2. How did you showcase your leadership during college?
Ans. 
During college, I showcased my leadership through various extracurricular activities and group projects.
• Served as the president of the Finance Club, organizing events and leading a team of members.

• Led a group project in my accounting class, delegating tasks and ensuring timely completion.

• Volunteered as a mentor for incoming freshmen, providing guidance and support.

• Participated in a leadership development program, where...read more
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Q1. Tell me something about yourself.
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I am a detail-oriented and analytical individual with a strong background in accounting and auditing.
• I have a Bachelor's degree in Accounting and have completed internships at two reputable accounting firms.

• I am proficient in using auditing software and have experience in conducting financial statement audits.

• I have excellent analytical skills and attention to detail, which allows me to identify discrepancies and ensur...read more
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Q2. What do you know about the role you're applying for?
Ans. 
The role of an Audit Associate involves conducting financial audits and ensuring compliance with regulations.
• Conducting financial audits to assess the accuracy and integrity of financial statements

• Evaluating internal controls and identifying areas of risk

• Preparing audit reports and communicating findings to clients

• Assisting in the development of audit plans and procedures

• Collaborating with audit teams and clients to ga...read more
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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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