Article Trainee Interview
Auditing Standards, Accounting Standards Question(s) & Actual Evaluation
Please refer to the evaluation for more insight.
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Classification: Article Trainee
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Topic(s): Auditing Standards, Accounting Standards
Can you explain what an Article trainee is and what their role typically entails?
Candidate's Answer:Article trainee is the one who has completed their CA intermediate and now looking forward to gain practical experience in a real world where and article will learn how to how real audit works it's just like transformation from theory to practical and gain inside from it I believe article in the most crucial stage in the entire journey of CA and the role of the article
AI Evaluation:Your answer is on the right track, but it could be improved with a more detailed explanation of the specific tasks and responsibilities of an Article trainee. In addition to mentioning gaining practical experience and learning how real audit works, you could also mention that Article trainees assist senior auditors in conducting financial audits, analyzing financial statements, performing internal control testing, and preparing audit reports.
You could also mention that Article trainees work under the supervision of a qualified CA and are required to complete a certain number of training hours as per the guidelines of the Institute of Chartered Accountants of India (ICAI).
To improve your answer, you may want to provide examples or specific instances where an Article trainee may encounter challenges or opportunities for growth during their training period. This will help demonstrate a deeper understanding of the role and its importance in the journey to becoming a fully qualified CA.
Overall, your answer is a good start but could benefit from more specific details and examples to make it more comprehensive. I would rate your answer as 3.5/5.
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Classification: Article Trainee
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Topic(s): Auditing Standards, Accounting Standards
How familiar are you with auditing standards, such as the International Standards on Auditing (ISA)?
Candidate's Answer:International standards of auditing also known as I S A or essays they provide a journal Framework on how audit will be conducted andit provide general guidelines on how Audit and Limited review will be conducted standards on Auditing provides everything related to overall objectives of the auditor understanding the entertainment samplingand Audit reports final conclusion of the audit report how the opinion will be formed and how the opinion will be highlighted in the audit report ki audit matters
AI Evaluation:Your answer touches on some key points related to auditing standards, such as the general framework they provide for conducting audits, objectives of the auditor, sampling techniques, audit report conclusions, and forming opinions. However, the answer is a bit disjointed and lacks clarity in some areas.
To improve your answer, you could consider organizing your response in a more structured manner, starting with a brief introduction to the purpose and importance of auditing standards, followed by a more detailed explanation of specific elements covered by the ISA, such as audit planning, evidence gathering, risk assessment, and reporting.
Additionally, providing examples or real-life scenarios where auditing standards are applied could help to enhance your answer and demonstrate your understanding of how these standards are put into practice.
Overall, your answer shows some familiarity with auditing standards, but it could benefit from more coherence and depth. I would rate your answer a 3/5.