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 CA AUDIT & TAX INTERVIEW QUESTIONS
(BOTH FOR QUALIFIED & SEMI QUALIFIED)

Personal Questions:

Basic approach is to be confident enough in what you deliver and do not show
the slightest of the fear outside in your face even if you have any. Most of
the HR’s prefer calling them by their name (except in cases where the person
is not very much senior in age or the HR is a senior person in the company)
• Tell me about yourself? (Mandatory Question - Prepare summary of 2-3
mins smartly. DO NOT SAY YOUR NAME AGAIN)
• Explain in brief about the work you do in your current organization?
• what assignments you dealt with during articleship or articleship
experience?
• what assignment you lead? What difficulties did you face while leading the
team?
• how do you manage your personal life and work?
• how you deal daily 12-15 hrs working?
• where are you put up?
• Discussion on your qualifications?
• What is your expected salary?
• What is your current salary?
• Why do you want to switch? Why you want to join our organization? (In
case of shift in job from one organization to another)
• What is your expectation from our company or what are you looking for?
• Why you want to start job and not keep studying? (in case of Semi qualified
and not pursuing CA further)
• Do you have any friend in our organization? What have you heard about our
organization?
• 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.

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 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 has to leave urgently due
to some urgent work and his work is still pending and you are working on a
project which has deadline on the same day. How will you handle the
situation?
• Do you have any questions for us? (Mandatory Question)

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 question is a mandatory question which will be asked for sure in any
interview. Prepare well the above areas
• How you deal if the balance confirmation has a mismatch while
conducting audit of trade receivables.
• If you have debtors balance of Rs. 2 crores, and having more than 200
customers then as a 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 manufacturing sector 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

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 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: - Organization 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 Question - Go through
entire SA320)
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?

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 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?
o What do you mean by Risk control matrix?

• Some basic question related to Income tax: -

o Which income is considered as accrued income?
o What is a gratuity? How is it calculated?
o Conditions for claiming exemption from HRA
o Short term capital asset vs long term capital asset
o What incomes are included in IFOS
o Resident and Residential status and conditions
o How do you think the various sections/chapters of Income tax are
inter-related?
o Any particular section or concept of the income tax that you
appreciate?
o Do you think income tax should be abolished in our country? If no,
why? If yes, why?
o Are oy satisfied with the current taxation regime prevalent in India?
Do you think it is more or less than the other countries?
o What do you mean by DTAA? What is so special about it?
o What do you know about transfer pricing?
o What is transfer pricing and how is it used?
o Have you worked on MAT? Let us through on the same

• What is the use and purpose of Excel Pivot Table, VLOOKUP, HLOOKUP?
• Any experience in your current organization where you find out
something important while conducting audit or a story you want to
share with us?

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• 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:
▪ 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 Question on one of them (Just go through concepts,
understand the difference between Ind As and As. In depth knowledge is
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?
• What is the treatment of Deferred tax asset or liability? Is it
mandatorily required to be created every year?
• 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?
• Is there any difference between Schedule II and Schedule III?
• According to which is the company required to prepare depreciation
schedule?
• Name any two AS that you applied during your articleship with practical
examples?
• Definition of INDAS? Difference Between INDAS and AS?
• How is Ind as 17 different from Ind as 116?
• What is the major difference between Ind as 115 and As 9? Is treatment of
revenue recognition same in both the standards?
• How is inventory valued as per Ind as?
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 • Suppose you are on a stock audit and you have various items of inventory.
How do you verify them? Do you verify everything?

Some basic question related to GST:

• Are you aware of the recent notifications and circulars in GST?
• ITC blocked credit
• What do you understand by RCM? Does it apply only to services?
• How do you differentiate between CGST, SGST and IGST
• What is the threshold limit for GST registration?
• How will GST affect corporate tax and income tax?
• Can a taxable person avail a composition scheme for inter-state supplies?
• Explain us through the composition scheme available in GST. Can everyone
avail the same?
• Which are the products on which GST is not applicable?
• What are the new compliances made under GST?
• Give reasons as to why Time and Place of supply is important in the context
of GST
• How do frauds make use of GST? Is there any mechanism employed by the
Government to conceal the same?
• What are the various invoices under GST?
• Do you think GST is advantageous? Why?
• List some disadvantages of GST
• Can you adjust CGST and SGST against each other when you have IGST

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