A collaborative effort by D2P(Degree to Placement)

Telegram link (https://t.me/caplacements ) &

crowdsourcing of material for CA Fresher’s of Nov-22

Purpose: To help CA Fresher’s navigate well in the interview process, we have gathered
the information from various social media channel,

Disclaimer: Please note we are not authors of this document and we are just facilitating
candidates, so we don’t take the responsibility of authenticity of the contents, hence no
one takes any responsibility for any loss or damage that may occur to any candidate by
referring this

Points To Be Kept in Mind Before Referring

● This list contains technical round interview questions.

Why this?
 These questions are a compilation of questions asked from the candidates who
recentlygot interviewed in big4s and Corporates.
● TIPS for Interview Preparation-
1. You do not have to cram\learn everything word by word for Interview. Just
get a basic idea of everything so that you can explain that in your own
language.
2. Treat Interviews as two-way communication.
3. Just be yourself and try to explain as much as you can.

Crowd Sourced by D2P-Degree To placements Telegram link (https://t.me/caplacements)

 | CA. Deepak S. Mulchandani

Sr. Questions of Internal Audit

No.
1 Internal Audit - Case studies
2 What improvements will you suggest to a company if the payments of their vendors
are not going in their accounts properly. Followed by one more question about what
things will you keep in mind while buying a mobile phone for the company
3 suppose, a company hired 2 security guards for Rs.34000, How will you verify that
the amount charged is correct
4 What is internal audit according to you? What all happens in internal audit of a
bank?
5 What all major products have you audited in previous internal audits?
6 What are some important factors to be considered before sanctioning personal loans?
7 RBI circulars to be referred while sanctioning loans
8 Internal Auditing std
9 Benchmarking and performance materiality
10 Npa in bank- how you audit
11 How to value inventories as per AS-2?
12 What is known as an Internal Check?
13 What is your favourite Accounting Standard and why?
14 What would you do if you were in a certain position
15 define risk in your own terms
16 Internal Audit - Case studies
17 Suppose, a company has a balance of Rs 2 crores with a bank on 31 march. How will
you verify the bank balance of 31 march on 31 december.
18 What improvements will you suggest to a company if the payments of their vendors
is not going in their accounts properly. Followed by one more question about what
things will you keep in mind while buying a mobile phone for the company.
19 Suppose, a company hired 2 security guards for Rs.34000, How will you verify that
the amount charged is correct.
20 Who is your inspiration & why
21 Bank and cash balance audit
22 Difference of depreciation and amortisation
23 Which item you have audited the most
24 What all information you take from client for audit
25 What to check in payroll register during internal audit
26 Audit Assertions
27 3Ps
28 Recent news scenarios or cases related to internal Audit
29 Manual and automated controls that can be used on Inventory
30 Revenue recognition as per INDas 115 and certain situations for the same were
asked.
31 How would you identify all the fictitious employees in a company as an Internal
Auditor?
32 Why do you want go for internal audit role?
33 What do you know about transfer pricing?

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 | CA. Deepak S. Mulchandani

34 Brief me on Ind AS 115.

35 Explain the process of audit you follow.
36 Identify risks and controls of a warehouse by just preliminary observations
37 About the financials of the company

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