Big 4 article

Interviewer: Do you have experience in finalization of accounts?

CA: Yes, Sir

I: What is area of your audit specialization?

CA: Assets and liabilities verification.

I: Where do you show the liabilities in the balance sheet?

CA: It will be outside the books, Sir

I: Do you know how to verify cash balances?

CA: I don't know Sir. It is all done at partner's level in the firm where I learnt my trade.

I: Do you to know to prepare a bank reconciliation statement?

CA: It is a tough job Sir, this question I skipped in my CA final exams. But I think it is a paper given by the management to the auditor which is to be kept in our working paper file without any verification. It is not checked in a block of 5 years.

I: What is a bank fixed deposit.

CA: This is an easy question Sir. It is an amount which is used to balance the asset side with the liabilities. We check the arithmetical accuracy using a calculator, spreadsheet and very many advanced statistical tools.

I: Then what do you then know?

CA: Trained to give evasive replies.

I: Where did you do your CA training?

CA: one of the big 4's sir.