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Old Thursday, July 28, 2016
marktalent marktalent is offline
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Wink Interview experience:

i arrived early at 9:30 am and my interview was taken at 1:30 pm

I entered the room.
I ask for salam and seat?

Middle Interviewer: Have a seat. You are from KPK. Which district?
I replied.
Middle Interviewer: Do you speak Pashto?
Yes Sir.
Middle Interviewer: But your accent do not looks like pashtuns?
I am living there for a long time?
what are you currently doing?
Middle Interviewer: I am working as audit associate at ..................Chartered accountants
Middle Interviewer: wao, audit associate, What do you do ?
I do audit of corporate clients.
Middle Interviewer: Which major clients did you finalize?
I did.....abc......xyz..(different companies)

Middle Interviewer: where this company is (company name is kept confidential because it is a listed client)?
I said at ......... city?
Middle Interviewer: At which place?
I am not recalling the exact location name but it is at ..........city. I mentioned the owner name.
Middle Interviewer: Ok. (while moving his head)

Middle Interviewer: Did you find any discrepancies during audit of XYZ company?
Yes sir. Defered tax was not properly calculated for current and previous years. I helped them in calculation correct figure in the current and previous years
Middle Interviewer: any thing else?
yes sir, the gratuity valuation was not made in the previous years. In the current year it is done by acturist and therefore we corrected the previous figures.
Middle Interviewer: How xyz company manipulate in taxes?
xyz company always understate the sale figure by not recording the sale in their books of accounts.
Middle Interviewer: How?
They do not show sales to unregistered person in their accounts as well as for the tax purposes.
Middle Interviewer: What is meant by registered person?
the person who is not registered in the sale tax 1990.
Middle Interviewer: Anything else?
They do manipulation by overstating or understating the closing stock value.
Middle Interviewer: Explain?
We as a auditor only verify physical stock placed at godown ,but management manipulate valuation according to their purpose, which we cannot easily verify.
Middle Interviewer: What your father's do?
I replied:

Then he pointed toward the left side personnel (FBR OFFICER).

FBR OFFICER: you did audit of corporate clients, its mean audited the sale tax and income. Its mean you check whether............ blah blah..........................I was confirming to their comments by saying, yes sir
FBR OFFICER: So How can one trace the transaction with the unregistered persons?
We con take confirmation from them.
He interrupted and said the auditor perform this procedure.
I responded: But we do it via letter only. FBR officer shall do it by visiting their office and can confirm the balance.
FBR OFFICER: What shall we do if he has shifted his office or changed his name?
That is the limitaion of audit or confirmation.
FBR OFFICER: What other methods can we apply to trace such persons?
through NIC, BANKS

FBR OFFICER: You are going to perform your duties as inspector. A you are a auditor and did audit of different companies, then you are well aware that this post gives power to deal with client directly and normally inspector help in tax evasion against consideration (bribe)?

How can one minimze/stop such acts of bribe?
By giving them motivation factors, specially financially such as increment in salary.
FBR OFFICER: It has been already done.
By conducting personal development seminar so that they do not even thing about such unfair and unethical means.
FBR OFFICER:Other?
I though for seconds and said that the senior officer to whom inspectors are responsible, shall have strict control over them
FBR OFFICER: You are well aware that companies are registered and pay taxes as well. But individual are not registered and do not pay taxes, how can we can trace them?
Me: Bank statemtent. I explain it.
Any more?
Wealth. I gave an example

He pointed toward the 3rd one interviewer (FPSC member)

He asked about theory about poverty (do not exactly know)?
Sorry sir. I studied it but cannot recall it properly
unknown theory ( don't exactly know about the theory)
Sorry Sir, i do not know about it

What is inflation?
The periodic increase in prices of goods is inflation.
What is the impact of inflation?
Demand of goods falls due to increase in prices.
But, this impact is reverse in pakistan. Pakistani purchase than before as soon the prices of good increases.
This is for luxurios goods in case of elite class. Middle or poor class people decrease their demand for inflated goods and use subtitute goods.

He pointed toward senior FPSC member.
he said. Thankyou very much Mr...............
you can go
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