Fianance and Accounts Executive Interview Questions and Answers

Audit is a systematic examination of financial records, statements, and transactions to ensure accuracy and compliance with laws and regulations.

• Planning and preparation

• Fieldwork and data collection

• Analysis and evaluation of findings

• Reporting and communication of results

• Follow-up and monitoring of corrective actions

• Examples of audits include financial audits, operational audits, and compliance audits

The current TDS rate in India is 10% for most payments.

• TDS stands for Tax Deducted at Source

• The rate varies depending on the type of payment and the recipient

• For most payments, the current TDS rate is 10%

• For rent payments, the TDS rate is 7.5%

• For payments to non-residents, the TDS rate can be higher

• TDS is deducted by the payer and deposited with the government