Transcript for:
Statutory Audit Interview Notes

Hello sir. Hi Vaishnavi. Hi sir. Okay, so you applied for a stat audit, right?

Yes sir. Okay, can you please brief me about yourself? Good evening sir, my name is Vaishnavi Ghazre. I basically belong to Satara.

I have completed my schooling from Satara. And I have completed 11th-12th from Bremen Maharashtra College of Commerce, Pune. I am currently pursuing B.Com also from Pune, a modern college.

And I am currently pursuing B.Com. I have, means coming to my professional objectives or career objectives, I want to be a chartered accountant who is competent and skilled. And personal objective, I want to become a person who is respected in the society and a person of good value.

Okay. Can you please tell me something about external confirmation? Yes, sir.

External confirmation is a method which is used to obtain audit evidence. Okay. It is generally used in various cases such as for obtaining evidence about loans and borrowings as well as from trade receivables or trade payables. What factors we should keep in mind while obtaining evidence with external confirmation? We should consider that the person from whom we are taking the external confirmation, we should have some relevant information related to what we want from the person.

Also, the external confirmation letter should be drafted in a proper way. Generally, it should be a positive confirmation and not a negative one. Okay. What do you mean by key audit matters? Key audit matters are those matters which the auditor considers important and which he thinks that the person or the user who is reading the financial statement, he should know them.

And they are generally the matters which are discussed with those charged with governance. Can you explain fixed asset for me? Sorry sir, I can't hear you. Fixed asset. Please explain fixed asset.

Fixed asset. Fixed assets are the assets of the organization which are generally included in the asset side of the balance sheet. Fixed assets are generally depreciable.

What do you mean by depreciation? Depreciation is the amount of money that is spent on a company's assets. And basically why do we charge depreciation? Logic behind charging depreciation? Sir, depreciation is generally charged on fixed asset.

So the basic logic behind charging depreciation is that the benefit that we derive from a fixed asset is generally distributed over a long period of time. So we can't just expense a fixed asset in the first year of its acquisition for the purpose of achieving the matching concept. We generally depreciate the asset over the period of its useful life, wherein the cost of the asset and the benefit derived is matched. You mentioned the matching concept.

There is another concept called as consistency. Can you tell me what is that and what is its meaning? Sir, consistency concept states that the accounting policy that we use in our organization should be used consistently. over a period of time and if there is any change in the accounting policy that we use then it should be discussed to disclose properly okay what do you mean by financial reporting framework financial reporting framework is the basic set of rules of the framework that is applicable to the company for example schedule 3 of companies act would be a financial reporting framework for companies okay and how is it different from accounting standard or both are similar Sir, accounting standards and financial reporting framework is different.

Okay. Accounting standard is for, means it is, those are the standards which a company should use in reporting and financial reporting framework is the framework which is generally, means it is given generally for the companies. Okay fine. Any India's which you are aware of? I am aware of India's 115 revenue.

Okay. I am aware of India's 115 revenue. Okay. I am aware of India's 115 revenue.

It states about when a revenue related to sale of goods or sale of services should be recognized. Basically, in case of goods, the revenue should be recognized when the ownership as well as the rights and risk related to the goods is transferred to another person. Can you let me know a few of the CARO clauses? Yes, sir.

One of the most specific clause of CARO could be about fixed asset. it involves that there should be proper verification of asset on a timely basis and a schedule related to fixed asset that is the name of the fixed asset or the value related to the asset should be specified and the depreciation amount percentage. Another reporting requirement related to fixed asset could be about the Benami property.

Another reporting requirement would be the fraud reported by the auditor, which includes the fraud reported to central government under 143.12, as well as the fraud reported to the board of directors and the audit committee. How will you audit revenue? In case of revenue, we can generally use substantive analytical procedures for getting a general overview about what could be the range of the revenue of the organization for that year, for which we can use the trend analysis.

Another thing which we can do is we can compare the invoices, compare in the sense that we can assess the invoices. Okay, let's suppose you are doing a risk and control assessment in the area of purchases. So what risk you can highlight and what control you would expect the organization to implement in cases of purchases? In case of purchase, one of the risks would be that the same invoice is recorded more than one time. So the control is that in our accounting system we can ensure that one invoice cannot be recorded for one invoice can't be recorded more than once.

Okay yeah another controls let's you say control with respect to this risk only you have highlighted one risk right that there should be there should not be more than uh once a similar should not be recorded more than once right. What control you expect N or Nathan to implement here? The control could be that the recorded invoices could be given certain ID because of which the system will reflect that this ID is already used and so we cannot record the same invoice again.

Tell me something about your family background. Sir, my family background, I have four members in my family including me, my father. My father is currently working in a district central cooperative bank.

My mother, she is a housewife and she also runs a household business of stitching. My brother is an engineer, he is currently doing internship with a company in Mumbai. What about your Excel skills? How good you are at that? I have fair knowledge about Excel, which I can use generally for my articleship.

Do you have the shortcuts which you can tell me for Excel? Keyboard shortcuts? keyboard shortcuts one of the shortcut would be the paste special ctrl alt v wherein we can paste the data that is copied as well as the format can be pasted or individually we can paste the format as well as the data another shortcut in excel would be to create a table ctrl plus t will be creating the concatenate you are aware of what is the use of concatenate command yes concatenate is basically represented by the symbol and It is used to join two texts which can be joined either by giving reference of two cells or by putting them under double quotes. Section 135 of Companies Act. Small please.

Section 135 deals with corporate social responsibility. According to that section, the company which is required to carry out the CSR activities, it should spend at least 2% of the Net profits of the company of the previous three years as a corporate social responsibility activity. It can be used for poverty eradication or education or various other social causes. It is to be incurred other than what the company generally incurs for the organization purposes. Okay, fine.

What do you mean by accrued revenue? Sir, accrued revenue is the revenue which we have earned. It has met the recognition concept but it may not be received by the organization. So it is generally shown in the P&L of our company but it is not yet received.

Okay, what about your knowledge in taxation? How good you are at that? Sir, I have basic knowledge of taxation which is being included in our syllabus but I don't have a hands-on, perfect knowledge about taxation.

Okay, no problem. Can you please explain in brief few of the sections in capital gains which provides exemption like 54F and all? Yes, sir.

In capital gains, The section specifies that the purchase after we sell a land, we can purchase another land or a household property where we get the exemption of the capital gain that we received on the earlier property. Another would be about selling a household property or any capital asset which is a long term capital asset. and purchase of another government bonds which are the nhai bonds okay okay so i'm discussing with you one case okay suppose you uh went on an audit with one of your seniors okay you are reviewing their previous period financial statement and you found that uh what they are following in terms of provision for doubtful debts for one of the year they charge it for 13 percent okay 13 percent provision for doubtful dates Then it is 4%, then it is 26% and in the current year where you are doing audit, they are planning to do somewhere 16%.

I said 13%, 4%, 26% and 16%. This thing you have observed in their previous period financial statement. So is there anything you would like to discuss with your senior or consider me as your senior in your audit engagement?

Anything you would like to discuss or highlight here based on this fact? Yes sir, we can see that there is a huge difference between the percentage that they use for creating the provision for doubtful leads. So the most important thing that strikes me is that this may be an indication that there is some kind of fraud or mismanagement in the organization because they try to manipulate the accounts at the end of the financial year for getting the results that they want.

So I would like to think about the reasons that they consider. to change the percentage. Think it in another way.

Let me know the cases where these inconsistencies are justified. What would be the case when provision for dot full debts can be drastically increased and justified also? Yes. There can be some cases wherein the ageing analysis of the trade receivables changes. Most of the trade receivables are not more aged, that is they are not more mature.

for a very short period so they think that they could be recovered so the percentage of provision would be required that would be required for the organization would be less and some of the cases where they have used a larger percentage for creating the provision in that cases there might be a situation where they are aware that a particular data is going to go bankrupt or there might be some kind of problem with the data Okay, how this provision for doubtful debts are being determined is there any specific Rules or any standards mentioned in any of the AS Sir I can't remember this at this point of time Okay, tell me why what is the importance of cash flow statement for an organization Sir cash flow statement basically represents what amount of cash that they have received in the accounting year or what has gone out of the organization so it can be used for the purpose of determining the liquidity so they can determine the take the decisions related to capital budgeting if they want to invest in some assets so they can determine what is the cash flow that they receive in in a financial year how will you trade prepaid expenses in a statement of pnl prepaid expenses will be reduced from the expenditure that is incurred for the year from the pnl statement and preferred expense will be shown as an asset in the balance sheet okay how do you rate your soft skills out of 10. oh sir i rate my soft skills seven why so oh i think i need to work more upon my communication skills because i think my fluency of english is not have any plans for this i mean you said seven from seven if i will tell you that you can go till 9.5 or 9. do you have any plans for that in coming time Yes sir, I have currently inquired about a class that helps you know more about the business English and helps you practice more about speaking skills. As well as there are certain groups in Pune which work upon improving communication skills. So I am planning to join them. Okay, checking upon your interest.

Apart from CA, are you interested in any other courses? Courses would be some related to financial modelling or I have just inquired about some financial modelling courses. I don't have more idea about it but I am more interested in learning about those things.

Okay, what do you know about Grand Thornton? Grand Thornton is a big fifth organization which is an international organization and the tagline of the company is an instinct for growth. So the company or the organization Grand Thornton is continuously trying to grow more and create its reputation in the world. Any recent news where Grand Thornton was there for some good reason? Yes sir, there was a G20 summit.

Anne Grand Thornton has represented in the G20 summit about a particular topic. I can't exactly remember the topic, but it had represented in G20 summit. Do you read newspapers on daily basis?

No, sir. I don't read daily, but I usually review the newspapers weekly. Fine. So, apart from this audit interview, I would like to ask you that...

From personality as well as mindset point of view, tell me that down the line 5 years which kind of person you want to become? Your overall goal in your life. It should not necessarily be stick to your career.

Just tell me that down the line 5 years from personality as well as mindset point of view, which kind of person you want to become? From a personality point of view, I want to be a person who is more free to talk with people, which people can easily approach. To share their feelings or to share their problems. I want to be a person who is loved by more people because of my good qualities and not just other materialistic things. I want to be a person who is an inspiration for many people and I definitely want to be a competent chartered accountant and a sort of idol in this field.

What mindset? About my mindset, I want to be a broad-minded person who is open about learning new things or who is open to accepting challenges or to face different situations. Okay, why you opted this Chartered Accountancy as a career? After CA, what do you think that from vision point of view?

Okay, you said that personality fine, mindset fine. Okay, why you have chosen this Chartered Accountancy as a career? Because I believe that...

More than 80% of the chance what kind of person you want to become, usually depends on your career. You reflect the same thing because a person be it an engineer or a doctor or a chartered accountant, they spend their most of the time in preparing for that course. So it actually gets reflected in their personality. So why not some other profession you have opted for, engineer, doctor, why not?

Why CE only? I think say is a challenging field so I like to take upon challenges in my life so I think the challenges are there in MBBS also. Yes sir, Chartered Accountancy is a field where you get more exposure to the financial world where you get to learn new things about how a business works or how the organizational environment works related to the core business is working so I had some interest in about the businesses how they work Some of my friends who were chartered accountants introduced me to this course and they told me some of the aspects of this course.

And when I searched more about this course, I realized that it is matching with my interest and it can help me to know more about the financial world. So I think that choosing chartered accountancy was a good decision of my life. So do you really think that you are fit for a statutory audit profile?

Yes, I think I am fit for statutory audit profile because I like to investigate things about, means I like to search about the things, what new is happening or what is behind, what actually is behind something which is shown to us. So I think that statutory audit would be a great profile for me. But there is a big difference between investigation and auditing.

Can you please tell me the difference? Yes sir, in audit we do not carry out the investigation. In case of investigation we have the mindset of searching for what's going wrong. And in case of audit, we don't try to investigate but we try to get assurance about the... We try to get the assurance that there is no misstatement in the financial statement.

So audit and investigation... Okay, there are three kinds of assurance. Lower level of assurance, reasonable level of assurance and... Top level of assurance.

Which assurance you would obtain in audit? We try to obtain reasonable level of assurance. Why not top level of assurance?

Sir, because there are some inherent limitations because of which we can't obtain top level of assurance. Okay, and if in any case you are getting lower level of assurance then what would be your steps as auditor? As an auditor we will try to implement some other audit procedures because of which we can increase the level of assurance that we are getting and we try to obtain more audit evidences. If I would like, if I would tell you that, let me know something which proves that you really have interest in statutory audit. You read something or, so what would you tell me?

Or I can say factors which show that you are interested in statutory audit profile. so i can't think upon it okay okay okay so uh enough of question from my side you have any question um not a question but i'm curious to know that what uh what kind of skills do you expect from a chartered accountant article who is trying to get articleship in statutory it's actually a great question it will help you actually uh see As an article, you start as a fresher. You don't have any exposure to work till now. So what we expect that you carry a learning attitude. And learning attitude means, see, there's a word reading.

Then again, it is learning. Okay. So reading is something that you have read, but you have not understood.

But learning is something that you understood and then you have retained it. Okay. So learning attitude means that whatever you are doing, you should focus on that, that what you did.

Okay. See what happens in. big firms it is practically impossible to handle you a hundred percent of our client we can't handle you one client entire client okay it is a team job so out of hundred percent you might be doing some five or ten percent of the part so learning attitude means you are doing five to ten percent of the part you analyze that part that what you are doing and how it is getting contributed to the end result okay this will help you climbing the ladder okay because if you go to the manager level or a director level who have seven to eight years of experience in big four they are also not doing the hundred percent of assignment but they have knowledge of hundred percent of the assignment because in the client meetings or in any uh meeting where they have to answer to the end table to the client they have to answer thoroughly from zero percent to hundred percent so they have idea of everything this means today your article you are getting exposed to 10 to 15 percent but one day there would be time where you will work as a manager okay so you have to focus on that skill that what skill you have to follow from now onward so that you would be reached there at one day okay and there is only one answer for that you have to carry on learning attitude never hesitate to ask never hesitate to ask question even if even i'll tell you that few of your senior maybe maybe there would be your senior who uh you know that if you will ask him again and again he will scold you still you ask take care at this stage you don't think that if uh my image will go down if someone will score me in front of three or four people's okay because uh there are no three or four people's in your life even if three or four people will think you dumb there is more than 130 plus crore population minus four there is still so much people left to impress okay so carry a learning attitude keep reading the things keep analyzing the things keep a analytical mind so that we also focus basically in the first year we figure out that who is a good candidate and who are not okay so this is what we expect that you get yourself involved more and more in the work it should not be like okay you have given me abc work i did abc sir this is done we also expect input from your side then only we would be able to involve you in the decision making and all too okay okay any other question no sir okay okay i'll pass your fees for your feedback to the hr and they will get back to you okay thanks thank you sir so do those again look now okay yeah hi This is just brutal.

Look, your first mistake, I am telling you the part of mistakes, it was really great, not good, it was a very good interview. First you have to say Hi Sir, Good Morning. I will not say Hi Vaishnavi, how are you? No.

And even if she will call, she will say Hello, Hi. And yes, I had to say Hello twice in the start. And you don't have to keep the camera off, you have to keep the camera on.

You have to join on. Be prepared and join. Okay? I don't have to say good evening I say hello Hello, Hi Hi Sir Good Evening You said good evening at the time of your intro Don't say good evening in the introduction Good evening is a greeting When you greet someone as soon as you meet as soon as the call starts Hi Sir Good Evening Ok Sir Ok, this is done hmmm now we are in interview so what i was saying that you have to take care of greetings you have to join instant camera should be open resume you change interview in duty and all fine According to my format, you should make a resume.

Your resume is not that good. Okay sir. Don't hesitate in the introduction. Okay?

You feel like you are thinking something in the introduction. You don't have to think. The introduction should be a rata.

And don't say too much in the introduction. If you say too much in the introduction, then nothing will be left that they will ask. Okay? Okay.

You just have to tell this much in the introduction. I am Sushil from Devghar Jharkhand. Name? Where are you from? Did my schooling from here, here, here.

Okay? Started my chartered accountancy in year this, cleared foundation in year this and cleared IPCC in year this. Currently I am looking for article shift training.

My hobbies are, end on hobbies, hobbies are this this this. Personal details they will ask themselves, many people start telling about personal family, say one line is right but let it be, introduction is not to say that much. So why am I saying that you should not say that much because if you keep it short and crisp then your start will be better.

When many people remember introduction of Garuda, their confidence is shaken. So there should be a smooth start. Apart from this, give a little proper definition.

You gave a lot of definition properly. Like FRF's definition was not proper. And like one more thing, I said risk and control assessment. I asked you two questions, what will be the risk and what will be the control? You will tell the risk and then keep quiet.

If I am asking a combined question where I have two requirements, then you have to answer both. You have to be careful, otherwise what it shows, see you know the control, you know the risk. But if you will not answer and if I have to ask it again, then what impression will you leave that you have not listened it properly? Yes.

Okay. So for this, you would start like sir coming to the risk. In the area of purchases, there should be risk of this, this, this, this, this, and coming to the control spot, this, this, this, this, this.

Okay? The answer is very correct. One additional tip is that always keep the answer to the point. What we do is that we come from here by speaking so long and make a mistake here.

It is better to make one line, two lines, three lines. If we make a mistake in the fourth, they will remember three lines earlier. And you have done this. Okay? So that effect is fine.

Never say that you don't have knowledge. I asked you that knowledge about tax. You said I have intermediate knowledge. That's it.

Although it is not much in my syllabus. Don't be afraid to ask something of high level first. How will they ask something of high level? They know that you came after clearing intermediate. And they will ask something of high level.

Sorry, I am not able to record. Yeah, I need to check. Don't say I am not able to.

The line I am not able to shows a little bit of incapability. Okay? So you have to use the lines.

Sorry, I need to check on this. I was expecting you to answer this question because you are very good at technical. You said that I need to check on this. Which question was that?

You told the importance of cash flow. Prepaid expense. I told you that prepaid expense is treated in the balance sheet.

Ok, so you know that, sorry I said that where is treatment of statement of P&L treated? You said that it is reduced from expense. Treatment of statement of P&L means where to show? What to do?

We don't have to do anything in P&L. If you see prepaid expense, prepaid expense means what? This is 12 months. You paid two months extra, two months prepaid.

I don't have to do anything in the form of P&L. You say that sir, it is a balance sheet item, not a P&L item. It will go in on the current asset side. That's it.

Why I am telling you to keep your answer crisp and to the point because they would be able to ask cross question then. You will see that you only said so many things, you only said about assurance, so I asked you about reasonable assurance, lower level of assurance. So they also pick up the question from your words only. Keep your words to the point.

They will have the question themselves. Like I have it. You were keep answering.

I wanted to ask you more technical questions. Because I wanted you to not answer one or two times. Okay? Like you said one thing that I need to check.

Do you remember? You said one question. That I need to check.

Sir, you asked me can you give me some reasons why you think you are suitable for statutory audit domain. Yes, yes, yes. You didn't have to say that. No, can you give me the reason why it shows that you are interested in statutory audit.

So, you should have told that, see what you have to say. After my exams, I started to explore the different domains. Okay. I came across the statutory audit also. Okay.

I wanted to see that how the things work practically in audit. I consulted few of my seniors they are working in Big Four. How they conduct audit. I came to know that they used to visit client place.

It is a very versatile profile. Okay. I heard about it but I don't know about the things I heard. Listening will give interest. You need to check on it.

You said that. I got to know about it, then I got interested, so I checked and I got to know. Whichever question you asked, that is very good. Here also you had to say that I started to read annual reports.

This is the annual report. I will never ask this interviewer, people don't do this. That have you read any annual report?

They will not ask, they don't read articles, they don't read CFR. Okay, but you have read it. At least you have seen my video on statuette, it must have come there. You have to tell it anyhow. So when I asked that, Assume you won't ask like this, you will ask why statutory audit?

In that also you have to mention that I have interest in statutory audit like in order to check or in order to see that what happens in this profile I started to read annual reports, I read double annual reports, read 2-3 more like HDFC Bank, Reliance, Satara Motors, read it, it's simple like that. Okay? If you ask what I read, say that it was management insights, whatever I told you, read it in the video.

I focus on Key Audit Matters because Key Audit Matters is something that is observation of auditor. There was an explanation on it. That's why I say Key Audit Matters.

Because Key Audit Matters writes like what was there in Dower that the discount policy is not consistent. Then the reason was given that the discount policy is not consistent. Turnover is one of the key performance indicators for the management.

So they can manipulate the turnover with the help of inconsistent discount. The salesman will give the key performance indicator. The performance of management is indicated by turnover.

So, with the help of discount, he can manipulate. Yes. So, in Key Audit Matter, you will always read the explanation of any company. So, you will be able to understand it well.

Pick the easiest one. He will ask, I have read about Satara Motors. And I rate because I have interest in statutory audit. Or you can say that I got interested after reading that this paper is so practical. So you have to use the part of annual report in this way.

Rest, I will tell you that your background is good, your dressing is good, everything is good. You speak well, you are technically strong. It's just like revise properly, practice more properly. There should not be any kind of hesitation, there should not be any kind of fear.

There should not be any kind of fear. We are trying to trap you. One more thing to keep in mind.

Let's suppose, God says that if you don't get one or two questions. What happens is that one question did not come, two questions did not come. If you ask the third question, then it seems that I have not answered two questions yet. What they must be thinking.

So don't pay attention to this. Otherwise, you might get the third question. Due to fear, you would not be able to answer. Yes sir.

Okay. So that's why the question is coming, not coming. So keep it, forget it. Don't go on regret mode while interviewing otherwise your confidence will be shattered and you won't be able to answer properly. Like I had a little bit of regret, I asked the same question to Shigeshthachari Audit.

Otherwise, you were answering very specifically. Fixed asset. You gave a very simple answer in the answer of fixed asset.

Fixed asset is a kind of asset for an organization. It is shown in the asset or balance sheet. Say a word, you will remember it now. Economic benefits influence towards organization. Do you remember?

Yes. The most important thing of fixed asset is that it is my asset because I get benefit from it. And outflow in the definition of liability. Now everyone has a problem in its definition.

You know big things, you know section 135, you know everything. But why are you having a problem in the definition of fixed asset? No one pays attention to the definition of fixed asset. Assets are an easy thing.

If I talk about assets in general entry, it is easy. Divide it, if it is increasing, then reduce it, then reduce it, put a depreciation. Everyone finds the asset part very easy.

It is very simple. Asset asset was easy for us. So, it is important to remember and understand the definition of depreciation. It is something that is mine because it is giving me something.

Here is the capital. We buy this asset from this capital. Why do we buy?

I have started a business to take a return on this capital. If I put it anywhere, I will expect that something will come back. Right? If something is not coming back then I am losing my capital.

My capital is eroding. Yes. So, I put this capital in my asset. So, economic benefit comes from the asset.

Does the capital get invested in the liability? In the liability. Does the capital get invested?

No. It is taken from others. So, it is to go from there.

But where capital is invested, mostly return is expected. Rest, capital is as a dividend. I am telling you this in general. Generally, the capital you have invested in the business, wherever you put it, you will expect return.

That's why, until the economic benefit comes from the asset, it is not worth buying the asset. So, in India, I will tell you one more thing. Read the asset index. Now everyone is saying 115. India is 10. Okay? Sorry.

I am not sure about the number but I am reading PPP. Yes. Okay. If you are reading PPP, then you should read 115. And ask further which one is the one that will intimate all the students in India. Not just 115, but this one too.

This is also easy. I say to say inventory too. Inventory, fixed asset, revenue. Read these three. It is easy.

It is the same. There is a slight difference. Remember the difference too.

Remember the carve outs. It is important. They can ask carve outs.

Okay. Now, if you have said the common thing. You have said the common thing.

We don't ask you AS, we ask you carve out. So, any teacher should keep a good mark. These are three S's. I repeat, Inventory, Revenue, Fisheries, PPE.

You have to read all three. Rest, you are right. I think you have done a happy impression with my audio.

That's why your behavioral question, Why CA, Where do you see in 5 years? was matching with that thing. So, the answer is that you should not get cross-passion. Rest, be confident.

They will understand your tone. You will get nervous in tone. You are experienced.

You have talked to many people. They will understand you immediately. It is not your tone.

So, you should not get nervous in tone. Answer the question in confidence. They are asking you.

You know it. I have many students in GT. There is a calm interview.

Don't worry. I had some students. I know what they asked. I will write you in the chat. I will forward their message.

You can see that too. But I don't want to say that it will come from there. It just happened so I am sending you. All those points are also covered in my material. You must have read all that.

Read it again. If you feel that it is missing or the Sir has told so much, it can come from outside. If you feel something from your mind, do it.

If you read news, then say yes, I read news. In case they ask you, you can say that they are not able to recall. Say it together, if you know any news. Like HDFC Bank and HDFC's merger.

Recently I read about HDFC Bank and HDFC merger got completed. It is not necessary that I read the news repeatedly, then I will remember your news. The trick is that I am a blankner, why I don't do this every single point. Or I am weak in this, I don't have to say.

Now I will just tell you one more thing, you didn't make this mistake. I asked my family background in an interview and they said that academically my family is not strong and I am the first person pursuing chartered accountancy they said that I am the first person pursuing but they didn't say that academically not strong ok, it is not to speak so, nothing to do like this keep a light smile on your face answer in a way if there is any such thing like this question there is some slang to speak like if I said Sir, if I talk about personality then speak, coming to the mindset then speak Sir, It feels better if I talk about personality. Now let's ask you why statutory audit?

You can smile a little and answer this question. Actually, it is one of my favorite things. When you feel happy when you hear that you like it. It will happen only when you like something very much. You are about to tell about it.

Statuary audit. You ask about your favorite people and you are happy from inside. Just like that.

You don't have to laugh too much. Just like that, you should have an expression that you are happily explaining. Explaining easily. If I make a face like, Yes sir, statutory audit, why?

If you make such a face and speak, he will doubt it. That he has come here. And you know, you asked, I told. You asked, No. I don't know, I am not sure.

When you are a little comfortable, smile and talk in a way that you are just talking, then he doesn't feel that you are telling the question. So what I was telling, I was telling that if you answer it comfortably, I won't say a little lightly, confidently light, if you answer it with a light, then he won't feel this way. She is just giving the answer.

She feels like she is answering right now. She is talking to us and telling us. There is a difference between just saying and just telling. If I ask you what happened yesterday, suppose there was an incident, you will never say in this mode, Sir, yesterday it happened like this, not like this, there will be a casual kind of feeling in it. So that is a little thing, I am saying a little thing, so that you can see confidence and easiness.

You can't see without knowing. Otherwise, before the Y-Statuary Audit, if someone makes a face, I will say, look, once again, technical question, I am asking for external confirmation. Now you will not say, sir, coming to external confirmation. No.

You have to answer the technical question normally. Yes. I am just saying that when it comes to behavioral questions, then just say that you are telling them this.

Yes. Because ideally tell them. Come on, ideally tell them.

If I ask you what you have thought about your career, what you will do after doing chartered accountancy, then is it really a matter of answering the question? Or is it a matter of telling? No. So we should be asking questions because we don't want to make any mistake in the interview.

Now do you understand why I am saying this? I don't want to take it otherwise that sir is saying that I should be casual, so I should be like this, should I laugh? No.

The question of behaviour is your mind. You know that it was like this, that's why it was like this. It happened like this, that's why it happened like this. You can tell casually, you can do hand signs, no problem.

But if you are doing external confirmation, direct written response, you are teaching like this. Teacher is at home. So avoid hand signs.

Take care of all this. If you have any doubt, you can ask. Sir, I wanted to ask that when we answer any technical question, What do they expect us to explain in technical language?

You explain properly but I will recommend you to use standard words of your book. First of all, which language is written in your book? Is it a normal language or English?

English. That is English. So don't use technical language. I tell you that we expect English. What happens is that we have a level.

It is the level of CA. If someone else will do drafting, CA will do drafting, there will be a difference in it. In the way of drafting, why do we say check at one place and evaluate at another place?

There is a reason for it. A little technical words should come. A little word of study math. I will say the standard word. If the word is a little, then he will feel like this.

They all relate everything. That you are talking properly. But your rest of the interview is done. You don't worry. Your technical is strong.

You are good at speaking. I have told you as many possible mistakes as I could. I hope you have done your note vote.

You should figure out all those things. Practice more. You will be confident. They are asking and I am telling. Ok, then you tell me how was the interview.

Ok. Ok. Also, this was a very good interview, so I want to upload it on YouTube. Ok, if you have any, don't have any issue, then I will share it on YouTube. Yes sir.

Ok? Yes sir. Ok, if you have any doubt, then ask me.

I will share that question too. Recently, I have started my G.T. recently.

Which location is this? It is Pune. Pune location.

Your G.T. has been done in Mumbai. Ok. Ok, thank you. Thank you.

solo in case you have any doubt just contact me yes thank you so much