INTERVIEW QUESTIONS

Personal Questions: -
 Tell me about yourself? (Mandatory Ques-Prepare summary of 2-3 mins smartly)
 Explain in brief about the work you do in your current organisation?
 what assignments you deal during articleship or aricleship experience?
 what assignment you lead? What difficulties did you faced while leading the team?
 how do you manage your personal life?
 how you deal daily 12-15 hrs working?
 what’s your opinion on current women situation in Afghanistan?
 where do you put up?
 Discussion on your qualifications?
 What is your expected salary?
 What is your current salary?
 Why you want to switch? Why you want to join our organization?
 What is your expectation from our company or what are you looking for?
 Why you want to start job and not keep studying?
 Do you have any friend in our organization? What have you heard?
 Personal hobbies and family background?
 One word which defines your personality?
 What about your further study? (Regarding your future plans) (CA FINAL-if Semi
Qualified, Further Study-IF Qualified CA)
CASE STUDY-
Hypothetical situations to check the Job priority/Seriousness for Job (Which may
vary from case to case)
(Giving you examples of ques already asked in big 4 interviews)
 Suppose you have received urgent work from the manager in the morning and
suddenly a family plan happened, you have to leave office urgently. So, what will be
your response in that scenario?
 If you have assigned work to two of your trainees and one of them feels that work
given to him is more as compared to other and he complains about the same. how
do you tackle this situation?
 If you are working in a team and your team mate have to leave urgently due to some
urgent work and his work is still pending and you are working on a project which
have deadline on the same day. How will you handle the situation?
 Do you have any questions for us? (Mandatory Ques)
Technical Questions: -
 How do you conduct statutory audit in your current organization?
 Audit Assertions & Audit Procedures regarding testing of
o Trade Receivables
o Inventory
o Property, Plant and Equipment or Fixed Assets
o Cash and Bank Balance
o Accounts Payable
o Borrowings
o Journals
o Revenue
o Vouchers
(Above ques is mandatory ques- Prepare well audit procedures related to all
these- one will be asked)
 How you deal if the balance confirmation is mismatch while conducting audit of
trade receivables.
 If you have debtors balance of Rs 2 crore, and having more than 200 customers then
as Statutory Auditor of the Company how will you verify the same?
 If a company have two Government companies as clients which are comprising of
almost 30% of trade receivables and they are not responding to management at all,
how will you respond as an auditor?
 Other than balance confirmation what procedures will you adopt for audit of cash
and bank balance?
 Suppose the company is a big brand in Pen manufacturing industry holding more
than 150 bank accounts having balance of 1000cr. What audit procedures will you
adopt? Will you verify all the bank accounts or else do some sampling checks?
Reason if you verify all the bank accounts?
 There are 50 bank accounts having no balance, 120 bank accounts having very
minimum balance then what procedures will you adopt to verify them?
 How do you verify Fixed Assets and what procedures will you apply if there were
huge additions in Fixed Assets?
 How will you test the warranty in revenue?
 How do you check completeness assertion while performing audit of accounts
payable?
 Which balance would you like to verify the most while conducting statutory Audit?
 What is BRS (Bank Reconciliation Statement)? How do you use BRS in audit of cash
balance?
 What is Bank Confirmation? Who Sends it?
 How will you verify cash if its not possible to attend physical verification?
 Any specific procedures for covid?
 How to estimate NRV? What is the NRV if your competitor is selling same product at
lower price?
Example: -Organisation is selling pen at RS 6000 and competitor is selling the same for RS
5000 so how as an auditor will you suggest a course of action to the management regarding
valuation of inventory?

 Audit basic question: -

o What are Audit Assertions/Financial Statements Assertions/Balance sheet
and Profit and Loss statement Assertions?
o What is RAP (Risk Assessment Procedure)? Methods of RAP?
o What is Audit Risk? Types of Audit Risk?
o What is IFCR (Internal Financial Control Over Reporting)?
o Difference between Internal Audit and External Audit?
o What do you understand by Materiality? How and on what basis an auditor
assesses materiality? Components of Materiality? Why Performance
Materiality is set? What do you understand by clearly Trivial Threshold?
(Mandatory ques -Go through entire SA-320)
o What is the Risk of Material Misstatements? what do you do when you found
a material misstatement?
o What is the first step you take when you start Audit of new client?
o What are substantive Audit Procedures?
o Explain in brief what is opinion and types of opinion?
o Difference between Adverse Opinion and Qualified Opinion?
o Difference between Vouching and Verification?
o What is Internal Audit? What IC you check while performing Internal Audit?
o What are controls? How they are different from Procedures?
o What are the objectives of entity behind the imposition of controls?
o What are the deficiencies of control (Specifically asking about Design
Deficiency and Operating Effectiveness)? Limitations of IC?
o What are preventive, Detective Control? Give example.
o What is CARO? No. of clauses in CARO 20? Newly Additional clauses in CARO
20? Fixed Asset clause in CARO 20?
o What is sampling? How do you choose samples? Sampling Methods?
o What do you mean by Nature, Timing and Extent of Audit?
o What is EOM para? Does mention of this leads to qualification?
o Types of Audit Report? Difference between General Purpose Audit Report
and Special Purpose Audit Report?
o As an Auditor how will you report fraud?

 What is the use and purpose of Excel Pivot Table, VLOOKUP, HLOOKUP?
 Any experience in your current organisation where you find out something
important while conducting audit or a story you want to share with us?
 Is there any situation that you come across in your articleship that you advised the
client on some issue but later on it went wrong, then what did you do?
 Definition, Difference and Journal entry of: - (Mandatory Ques-any one)
 Provision & Contingent Liability-D/F & JE
 Accrued Payable & Accrued Expenses-D/F & JE
 Prepaid Expenses -JE
 Dividend -JE
 Bad Debts and Provision for doubtful debts -JE
 Contingencies and Reserves-D/F
 Return on Capital and Return of Capital-D/F
 Deferred tax asset and liabilities - Definition
 Depreciation and Impairment- D/F
 Accumulated Depreciation -Definition

 IND AS -115,116,16 or respective AS (if you haven’t study INDAS-Study respective AS)
-Mandatory ques on one of them (Just go through concepts, understand difference
between AS and INDAS- In-depth study not required)
 Accounting Concepts such as Going Concern concept and Prudence Concept
 What are the Golden Rules of Accounting? What are different types of Accounts
(Real, Nominal and Personal)?
 What is CFS? Components of CFS? What are reasons of differences in Cash Flow
Statement? What is the treatment of depreciation in CFS?
 Suppose there are two companies- Company A and Company B. What points will you
check to ensure consolidation of both companies?
 What is schedule III?
 Name any two AS that you applied during your articleship with practical examples?
 Definition of INDAS? Difference Between INDAS and AS?
 A person has brought M/C for $100 on 1st Feb
Dates: -1st March,31st March, 1st may
What entries will be passed on above respective dates if
1.If the payment was made on 1st MAY
2.If there is an exchange loss of $2 on 31st March