Audit Assistant Interview Questions

1,455 audit assistant interview questions shared by candidates

Audit procedures for bank balances Audit procedures for Trade receivables SCENARIO- The is a old o/s trade receivables how would you check it. Follow up question- If management says there is no dispute what would you do (Ans: Obtain a written confirmation) SCENARIO - You are auditing a company and don't know any thing about it. How would you certain which benchmark should you keep for Materiality (Ans: Depends on the Nature of the business of the company, environment it operates. If it's a profit objective company then benchmark can be PBT, Total revenue etc. if it's a startup benchmark can be Total expenses as well) SCENARIO - You are auditing a company with millions of transactions. While testing your sample you find a misstatement in your sample. What would you do now. (Ans: increase the sample to check if same kind of misstatements are there) SCENARIO - There is pending litigation and you don't know whether it's probable or not. Management is also not able to give any info. on it. What would you do. (Ans: EOM, OM PARA)
avatar

Audit Assistant FTH

Interviewed at Deloitte

3.8
Dec 30, 2024

Audit procedures for bank balances Audit procedures for Trade receivables SCENARIO- The is a old o/s trade receivables how would you check it. Follow up question- If management says there is no dispute what would you do (Ans: Obtain a written confirmation) SCENARIO - You are auditing a company and don't know any thing about it. How would you certain which benchmark should you keep for Materiality (Ans: Depends on the Nature of the business of the company, environment it operates. If it's a profit objective company then benchmark can be PBT, Total revenue etc. if it's a startup benchmark can be Total expenses as well) SCENARIO - You are auditing a company with millions of transactions. While testing your sample you find a misstatement in your sample. What would you do now. (Ans: increase the sample to check if same kind of misstatements are there) SCENARIO - There is pending litigation and you don't know whether it's probable or not. Management is also not able to give any info. on it. What would you do. (Ans: EOM, OM PARA)

Q: Can you describe your role in your previous working experience? Q: Have you ever dealt with a difficult situation involving conflict? Q: How would you describe yourself? Q: Have you ever worked in a team environment?
avatar

Audit Associate/Staff Assistant I

Interviewed at Deloitte

3.8
Feb 9, 2022

Q: Can you describe your role in your previous working experience? Q: Have you ever dealt with a difficult situation involving conflict? Q: How would you describe yourself? Q: Have you ever worked in a team environment?

Viewing 1341 - 1350 interview questions

Glassdoor has 1,455 interview questions and reports from Audit assistant interviews. Prepare for your interview. Get hired. Love your job.