The corporate interviews check the basic-level of knowledge, general awareness, and dedication towards work. The profile information explains the personal interest of the student. Apart from the confidence level, also mention the gaps in the studies. If the student is open about his studies, it shows the seriousness and commitment with him. Auditing, taxation, and company law amendments are the areas that require updated knowledge. Favorite area or specialized area is a subject with interest to question. Multiple skills like communication skills, subject-related questions, technical skills, and practical skills have to be focused on. So, different standpoints have to be focused on during the preparation of the CA article ship interview.
For article ship training, the student can select small firms, Big 4 companies, and industries. Small firms focus on questions related to technical knowledge. Big 4 companies focus the questions along with subject-knowledge and professional-knowledge. The industry’s training will demand finance knowledge with industry-specific operations knowledge. In the corporate world, understanding client requirements and confidence are important.
Let me list some of the frequently asked questions to handle the interview with confidence. Initially, the questions opted from the profile of the student and IQ level. Let me see the interview questions with three divisions as the aptitude questions, technical interview questions, and profile related questions. Aptitude test questions are from the basics of logical reasoning, numerical ability, verbal skills, general knowledge, and profile-related questions. Examples of profile related questions and technical questions are listed below.
Profile-related Chartered accountant interview questions:
The profile related questions are raised with a tricky element in the question. Some of the examples are as follows:
How will you handle the work pressure?
I know about the pressure with the work. So, I practice my attitude to be calm and handle the pressure with patience.
Tell us about your strength?
My strength is the coordination with team members, learn the subject intensively, and a quick learner.
What is your goal during the article ship training company or salary?
My goal is to learn new things from the company. I accept the stipend to manage the conveyance expenses.
CA article ship questions taken from the inter syllabus. Prepare for the personal qualities related questions from the employer with a relativity factor. Discuss the targets, professional advancement, and patience towards achieving targets. For technical questions, prepare with an idea from the following questions:
• Do the sales forecast and prepare a budget for a given company?
• Explain the different types of the provident fund?
• What are the allowances that come under the fully taxable calculation method?
• List out the income that comes under income from other sources?
• Why balance sheets show equal balances?
• What are the advantages of long term capital gain tax in India?
• What are the amendments received after the finance bill passed?
• List out the methods to calculate the Arm Length price?
• Explain about TDS? Mention how TDS is calculated?
• What is the meaning of financial instruments?
• Describe a few points about the payroll system?
• Explain Account payable audit?
The above questions work as a model test to do mind preparation before CA Article ship training. Let me discuss the practical difficulties during CA article ship training.
Problems faced in CA Article ship by Training Students
The procedure to start article ship training is to get the signature of form 109. If there is a dispute among the principal and assistant during the article ship training, then it is not taken to the notice of the institute. It is settled personally, with understanding among the principal and assistant. Apart from the misunderstanding with the principal and assistant, the following points illustrate the practical difficulties.
• The irregular stipend is the trouble which the assistant faces. If the assistant file a complaint then, the institute will conduct an investigation. After the investigation, if there is misconduct then the decision regarding misconduct is taken.
• The stipend announced for the training ranges from 1000 to 1500. As the inflation rate and stipend rate are not always in proportion, it is not enough to manage the conveyance expenses. The principal must apply for the reimbursement of conveyance expenses.
• ICAI also instructs the principal not to take advantage of the articled assistants for personal responsibilities. It is treated as the professional misconduct of the principal. Article ship can be offered by the CA association or top industries. If it is at the CA association, then the misconduct is monitored by the institute.
• As the CA students take coaching and Article ship training side by side, it is essential to undergo 35 hours of training. If there is less work during the training, then the student can make use of such time to self-study.
• Irregular working hours of the office during the article ship training is known as misconduct.
Final words
Think about auditing practices in different industries and modify the answer as per the requirement. Think about the ways to complete the operations accurately. Find out the best system to reduce errors. There are challenges in the auditing process to communicate the negatives to the clients. Interpersonal skills and communication help the auditors to carry out the responsibilities effectively. Imagine the job of an auditor to impress the employer with the answer during the article ship interview.