Auditing Interview Questions and Answers
Question - 1 : - Why you want to be a auditor?
Answer - 1 : -
To scrutinize that work done was properly or not according to prescribed rules and regulations. To avoid discrepancies while doing work.
Question - 2 : - What are intangible assets?
Answer - 2 : -
Intangible assets are those which we can't be seen like goodwill of the company.
Question - 3 : - What are tangible assets?
Answer - 3 : -
Tangible Assets are those assets which we can see or touch like fixed asset ,machinery,etc.
Question - 4 : - What is vouching?
Answer - 4 : -
Vouching is the process of checking for the existence an example for this is checking from the final record to the supporting document.
Question - 5 : - Who will audit an auditing firm?
Answer - 5 : -
One auditing firm can audit other auditing firm.
Question - 6 : - What is the mean of decommission liability?
Answer - 6 : -
Decommission Liability is costs that a company expects to incur in the future when the plant is shut down.
Question - 7 : - What should the internal auditor?
Answer - 7 : -
Contact the board of directors or the audit committee. They should ensure the independence of internal auditing.
Question - 8 : - What is caro 2004?
Answer - 8 : -
CARO means company audit report order 2004.It describes the matter on witch Statutory Auditors has to report in their Audit Report.
Question - 9 : - What is social audit?
Answer - 9 : -
social audit is performed to know the corporate social responsibility.
Question - 10 : - What is final audit?
Answer - 10 : -
Final audit is commenced when all account has been closed and final accounts is been prepared.