Placement for role of assurance -Senior in Ey
GDS.
Firstly they asked me to introduce myself. I told
about my school, my attempts and my articleship:
related to matters which follows:
1) Audit of which industry?
2) how to deal with client If no data is provided?
3) Difference identified during your articleship
period and how you dealt with it and the
procedure you followed
4) How to guide your junior while their first audit?
Then they asked technical questions related to:
1) IND AS 115
- steps to identify revenue
-types of considerations
• Voluon approaches
2) IND AS 12
-type of difference i.e., temporary
differences (taxable or deductible) - When to create DTA/DTL?
- Reasons for making DTA/DTL?
- why difference arises between accounting
profit & taxable profits?
3) IND AS 16 - valuaton
- subsequent valuation
- how to audit PPE
• impairments of PP and your audit procedures
rolatest in that
4) IND AS 36
• Indicators for impairmen - disclosure for impairment in FS
- Reverse impairment
- Maximum reverse Impairment
5) SA 320 - what is materiality
- performance materiality
- how to identify materiality while planning an
audit - tolerable error and how to identify it
6) Cut off procedures and it’s testing
7) Accounts payable procedures for Audit from starting to end
8) How to audit cash and bank
9) SA 505 - types of confirmation
- procedures it no contirmation is received
10) Test of controls
• Proceduros - Examples
11) SA 402
• Service Organisauon procedures
Lastly, they asked about flexibility to
work for extended hours. If required.
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