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I was interviewed today from FATA quota at FPSC Peshawar hall, here is my experience:
3-i am sick...........heart
6-scarcely did he open the door......he saw his friend standing outside
10-the amount of current assets of a firm with values given.what was the answer 89108 or something ?
11-closing stock are moved to a)trading ac b)profit & loss ac c)balance sheet d).......
15. THE PRIMARY PURPOSE OF ESTABLISHING QUALITY CONTROL POLICIES AND PROCEDURES FOR DECIDING
ON CLIENT EVALUATION IS TO
18. IN ORDER TO VOUCH, WHICH OF THE EXPENSES, THE AUDITOR WILL EXAMINE BILL OF ENTRY?
A) CUSTOM
B) EXCISE DUTIES
C) SALES TAX
D) INCOME TAX
19. FOR VOUCHING OF WHICH ITEM, THE AUDITOR IS MOST LIKELY TO EXAMINE COST RECORDS?
A) COMMISSION EARNED
B) BAD DEBTS RECORDED
C) CREDIT SALES
D) SALE OF SCRAP
21. WHICH OF THE FOLLOWING SECTIONS DEAL WITH QUALIFICATIONS OF THE AUDITOR ?
22. after addition of new partner the increase in capital value is credited to..........
33.he is indebted.......me.
233(a) b) Section 233a C) Section 242(a) D) Section 242a (Indian Companies Act-1956)
Balance of Payment
Balance of Trade
Incremental Budget
Appropriation
Re-Appropriation
Good Governance
Reasons of Corruption
and mostly experience related....
Audit
1- Define Audit-
2- What is the distinction between auditing and accounting?
3- Why is there a need for an audit?
4- Scope of Audit-
5- Internal Control
6- Audit risk
7- Unqualified Opinion
8- Qualified Opinion report
9- Disclaimer of Opinion report
10- Adverse Opinion report
11- What are the different types of audit?
12- Internal control,
13- Types of Audit by Organization Structure
14- Functions and Duties of an Auditor-
15- Voucher
16- Vouching
17- Internal Audit
18- External Audit
19- Internal Control
20- Qualities of an Auditor
21- Before and After Audit Measures
22- Audit Report and its type
23- Audit Opinion
24- Appointment of an Auditor
25- Performance Audit
26- Regulatory Audit:
Accounting
1- Accounting
2- Types of Accounting
3- Financial Accounting
4- Cost Accounting
5- Difference b/w Accounting, Finance & Economics
6- Deferred Taxation
7- Depreciation
8- Types of Depreciation
9- Accumulated Depreciation
10- Ratios
11- Accounting Cycle
12- Accruals
13- Deferrals
14- Balance Sheet Items
15- Charts of Accounts
16- Appropriation Accounts
17- Lease (Operation and Finance Lease):
18- Budget Types (Deficit / Surplus) Zero Budget , Sales Budget, Production Budget
19- Adjusting Entries
20- Closing Entries
21- Financial Statements
Economics
1- Economics:
2- Micro Economics:
3- Macro Economics:
4- National Income:
5- GDP
6- Factors of Production
7- Economics Indicator
8- Fiscal Policy
9- Monetary Policy
10- Trade Deficit
11- Budget Deficit
12- Balance of Trade
13- Balance of Payment
14- Direct Taxation
15- Indirect Taxation
16- Progressive Taxation
17- Regressive Taxation
18- Proportional Taxation
19- Budget 2015-16 (4.6 Trillion)
Taxation
1- Tax: Cost of services rendered by the state
2- Withholding Tax: A withholding tax, also called a retention tax, is a government requirement for the payer of an
item of income to withhold or deduct tax from the payment, and pay thattax to the government.
3- Salary Rates
4- Sales Tax
5- Property Tax
6- Capital Gains
7- Tax of AOP and Individuals
8- Companies Taxation
9- WHT Agent
SECP / Incorporation of Companies
1- What is a company
2- Company Incorporation procedure:
3- Types of Companies
4- Limited Companies (Listed and Unlisted)
5- Private Limited companies
6- Parents Companies
7- Subsidiary company
8- Sister Company
9- Dividend
10- Premium
11- Collateral Security
Miscellaneous
1- Self Introduction
2- Self Experience
3- Strength & Weaknesses
4- Family backgroundx
5- Difference b/w Accounting & Finance
6- Difference b/w Accounting & Audit
7- Difference b/w Economics & Finance
8- Difference b/w Accounting & Book keeping
9- Appropriation & Re-appropriation of Accounts
10- Good Governance
11- Reasons for Corruption
12- ERP
My interview was very simple. Define Accounting, auditing, finance, difference, direct and indirect tax, fiscal policy,
expenditure, what finance manager do, what auditor do, what account do.
y interview questions
Accounting Principles & Journal, Ledger Scrutiny of Record for Audit Purposes, Procedures, & Adjustment
Preparation of Annual Budget, Cash Book, & Financial PlanningDepreciation, & Public Procurement Rules,
2004 Preparation of Pension Documents. Settlement of Audit Objections Heads of Account, Re-appropriation of
Funds and Supplementary Grant, Cost Accounting,
My interview was very simple. Define Accounting, auditing, finance, difference, direct and indirect tax, fiscal policy,
expenditure, what finance manager do, what auditor do, what account do
Balance of Payment
Balance of Trade
Incremental Budget
Appropriation
Re-Appropriation
Good Governance
Reasons of Corruption
and mostly experience related....
Define finance
What is monetary policy
what is fiscal policy and what should be kept in mind while making these policies
What is audit
types of audit
BOQ
Certification of audit
Mobilization of fund
contingency
baqi or b kuch question the jo yaad nahi....
Where u belongs to
Your experience
Recently your job
Which things req for an audit
Define
Commercial audit.
Direct indirect taxes with examples
Ppra stand for what
Who will audit the fpsc.
Auditing def
Budget and its components
Hope for the best baqi sab naseeb ke khail hain