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Aptitude test for Auditors

The Aptitude test for Auditors is preferred by recruiters to assess on-the-job skills of candidates before an interview. It reduces technical screening time by 80% by enabling employers to identify qualified candidates.

Customized Based On:

  • Experience/ difficulty level
  • Multiple skills in 1 assessment
  • Job description/ role requirements

Topics:

Use it to verify the accuracy of the balance sheet by comparing the numbers present in General Ledger to the other forms of documentation

Balance Sheet Reconciliations

An index of all possible financial accounts in a company's General Ledger

Chart of Accounts (COA)

Donation of property or money to a non-profit to be used for specific purposes

Endowment

Management, maintenance, and monitoring of motorized and non-motorized assets

Equipment management

Is the cut-off of financial activities of an organization to generate financial reports for stakeholders

Fiscal closing

If people or entities cannot repay debts to creditors, they can seek relief for some or all of their debt through this legal process

Bankruptcy
Journals

Closing of a small business's General Ledger to transfer temporary-account balances to retained earnings to reduce the balances to zero

Ledger closing
Location code
Organization code

Petty Cash is a small amount of money utilized to pay small expenses

Petty cash
See full list
Singapore government logo

The hiring managers felt that through the technical questions that they asked during the panel interviews, they were able to tell which candidates had better scores, and differentiated with those who did not score as well. They are highly satisfied with the quality of candidates shortlisted with the Adaface screening.


Human Resources Manager

Singapore Government

85%
reduction in screening time

Sample Adaface Aptitude test for Auditors Questions

These are just a small sample from our library of 10,000+ questions. The actual questions on this Aptitude test for Auditors will be non-googleable.

🧐 Question🔧 Skill💪 Difficulty⌛ Time
Airline Operators
Four airline operators A, B, C and D operate on a popular route between 2 cities, Rome and Venice in Italy. Airline A wanted to increase the number of seats sold, so they reduced their fares for this route. Airlines B, C, D imitated this move immediately. The general belief is that the volume of air travel between Rome and Venice would increase as a result of this. Which of the following statements, if true, would add trust to the general belief?
A: All 4 airlines see increased profits.
B: Airlines start slashing rates for other routes as well.
C: A study shows that around 80% of air travel in Italy is company sponsored.
D: A study shows that air travellers in Italy are price sensitive.
EnglishEasy2 min
Badminton Players
A badminton coach was trying to put together a team of 4 players for a friendly badminton championship out of 7 players. R, S, T are the male players, and W, X, Y, Z are the female players. Note that all players have equal ability, and the team needs to have atleast 2 male players. While selecting the team we need to keep in mind that all 4 players should be able to play with each other. We also need to keep the following restrictions in mind:
- R cannot play with Y
- S cannot play with W
- T cannot play with Z
Which of the following are true:

A: S and Z cannot be in the team together.
B: T and Y cannot be in the team together.
C: T and X cannot be in the team together.
Logical ReasoningMedium3 min
Comprehensive income
ProCoder Inc. reported the following information on Dec 31st. If we ignore income tax, what should ProCoder report as comprehensive income as of Dec 31?
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AccountingMedium2 min
China manufacturing
The cost of manufacturing phones in China is twenty percent lesser than the cost of manufacturing phones in Vietnam. Even after adding shipping fees and import taxes, it is cheaper to import phones from China to Vietnam than to manufacture phones in Vietnam. Which of the following statements is best supported by the given information. 
A: The shipping fee from China to Vietnam is more than 20% of the cost of manufacturing a phone in China.
B: The import taxes on a phone imported from China to Vietnam is less than 20% of the cost of manufacturing the phone in China.
C: Importing phones in Vietnam will cut 20% of the manufacturing jobs in Vietnam.
D: It takes 20% more time to manufacture a phone in Vietnam than it does in China.
E: Labour costs in Vietnam are 20% higher than in China.
Verbal ReasoningEasy2 min
Commerical Premises
A large real estate company conducted a recent study of their customers. The study was designed to uncover insights regarding the main criteria for choosing to invest in a residential property. A majority of the customers surveyed stated the 'returns profile' was their main priority, followed by 'development potential' and 'stability of income'. 'Portfolio legacy' ranked at the bottom in the list of factors. It was interesting to note that respondents were less likely to have residential holdings that formed part of mixed-use assets i.e. as an add on to commercial investment. One might assume that more investors are proactively investing in residential real estate rather than having incidental exposure via business investments. 
Based on the given passage, what can we say about the following statement?

Business owners having commercial premises often have a residential property as part of their portfolio.
Verbal ReasoningMedium2 min
Increasing monthly gross profit
The CEO of Snipr. Inc wants to grow monthly gross profit by 4%. If costs stay the same, what does the sales turnover need to be in February to achieve this goal?
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Numerical ReasoningEasy2 min
Inventory exchange transaction
Penny Inc. and Vamos Inc. exchanged inventory in a transaction without any commercial substance. Each company had fair values that exceeded costs by 25% Vamos' inventory being more valuable, Penny gave cash to Vamos for the difference. Will anyone recognize a gain, and if yes, who?
AccountingMedium2 min
MATCH INDEX LOOKUP
Some friends live in adjacent apartments in a building in Central Perk, New York. We want to write a function to search the apartment number by name. Which of the following functions should we use?
 image
ExcelMedium2 min
Reading Comprehension
 image
This note informs Savannah that:

A: she can purchase new toys at a discounted rate.
B: the toy store has a new collection that she can purchase from now.
C: she can sell her used toys to the store.
D: she can get used and new toys in the ongoing sale at the store.
EnglishEasy2 min
Sacrifices and gains
Sergei, Larry and Mark were partners in Deep Mind sharing profits and losses in ratio of 4:3:2. It is decided to share future profits and losses in ration 2:2:1. How does this change ratio of sacrifices and gains of partners?
A: Sergei sacrifices 2/45, Larry sacrifices 1/45, Mark gains 3/45
B: Sergei gains 2/45, Larry sacrifices 3/45, Mark gains 1/45
C: Sergei sacrifices 2/45, Larry gains 3/45, Mark sacrifices 1/45
D: Sergei gains 2/45, Larry gains 1/45, Mark sacrifices 3/45
Numerical ReasoningMedium3 min
Sentence Correction
Being unaware of the legal consequences of his action, an arrest was made by the security personnel. 

Which one of the following would be the best replacement for the second part of the sentence?
A. the thief was arrested by the security personnel.
B: the security personnel made an arrest.
C: the security personnel called the police officers to arrest the thief.
D: an arrest was made by the security personnel.
E: an arrest was made by the police.
Grammar
EnglishMedium2 min
VLOOKUP blood donor
We are looking to find the contact number of the only blood donor with blood group O-. Which function should we use to look up the correct contact number?
 image
A: =VLOOKUP("O-", A1:E10, 3, TRUE)
B: =VLOOKUP("O-", A1:E10, 3, FALSE)
C: =VLOOKUP("O-", D1:D10, 4)
D: =VLOOKUP("O-", D1:D10, 3)
E: =VLOOKUP("O-", A1:E10, 4, TRUE)
F: =VLOOKUP("O-", A1:E10, 4, FALSE)
G: =VLOOKUP("Kane", A1:E10, 4)
ExcelMedium2 min
Website Ads
During the weekly meeting, our marketing manager mentioned that we had run a group of advertisements in the print version of a lifestyle magazine, and also on the magazine's website. We do not have any stats available regarding the response to the print ads, but analytics show that the response to the website ads was much lower than typical website ads. She added that on the basis of these results, she believed that response to print ads was below average too. Which of the following statements is valid regarding the manager's rationale behind the conclusion?
A: She inferred a statistical generalization from claims about a large number of specific events.
B: She relied on the knowledge about the typical frequency of events of a general kind to infer the probability of a particular kind of event.
C: She inferred the probability of future events from recent comparable events.
D: She based a prediction of the intensity of a phenomenon on the data about the intensity of the cause of that phenomenon.
E: She used a case in which direct evidence is available to infer a conclusion about an analogous scenario for which direct evidence is not available.
Logical ReasoningEasy2 min

How to use the Adaface Aptitude test for Auditors

Start screening candidates within minutes with the ready-to-go Aptitude test for Auditors

1. Choose the most appropriate test for your role

2. Start inviting candidates to complete the assessment

3. Receive real time notifications and shortlist the best candidates

OR Customize the Adaface Aptitude test for Auditors according to your job description

1. Get a custom assessment from our library of 500+ skills within 48 hours

2. Start inviting candidates to complete the assesment

3. Receive real time notifications and shortlist the best candidates

Adaface Aptitude test for Auditors is trusted by enterprises worldwide

amazon
PayPal
Morgan Stanley
Adidas
SG Government
Neilsen
UCLA
Ernst and Young
Microsoft
WeWork
Bosch
Optimum Solutions
SAP
Doubtnut
Deloitte
HCL
FusionCharts
United Nations
Sokrati
Love Bonito
ZiMetrics
MTM

About the Adaface Aptitude test for Auditors

Evaluate aptitude, technical and coding skills with Adaface skills assessment platform powered with an intelligent chatbot

Topics:

Use it to verify the accuracy of the balance sheet by comparing the numbers present in General Ledger to the other forms of documentation

Balance Sheet Reconciliations

An index of all possible financial accounts in a company's General Ledger

Chart of Accounts (COA)

Donation of property or money to a non-profit to be used for specific purposes

Endowment

Management, maintenance, and monitoring of motorized and non-motorized assets

Equipment management

Is the cut-off of financial activities of an organization to generate financial reports for stakeholders

Fiscal closing

If people or entities cannot repay debts to creditors, they can seek relief for some or all of their debt through this legal process

Bankruptcy
Journals

Closing of a small business's General Ledger to transfer temporary-account balances to retained earnings to reduce the balances to zero

Ledger closing
Location code
Organization code

Petty Cash is a small amount of money utilized to pay small expenses

Petty cash

It is a number that is used in IFIS to identify the function associated with a balance or transaction

Program code

Are activities that function as a non-profit business

Self Supporting Activities
Sales and use tax
Income Tax Statement
Tax-Exempt Status

Cash investment pool geared towards maximizing returns on short-term cash balances

Short Term Investment Pool (STIP)

Set of procedures, standards, and principles

Accounting Standards
Assets
Auditing

Is the process of matching the balances in an organization's/individuals accounting records for a cash account to the corresponding information on their bank statement.

Bank Reconciliations
Index
Billing
Bond Essentials

Bookkeeping is a practice of maintaining and recording all financial transactions in a business

Bookkeeping

Process of planning the expenses for a given duration of time

Budgeting

Is the act of ensuring a business maximizes its potential production and activities output

Capacity Management

Refers to the process of managing and collecting cash flow

Cash Management

Refers to an accounting procedure that occurs at the end of each month or a fixed time by the company

Closing the Books

Refers to the amount owed to the business by its customers

Collections
Constraint Management
Controls
Corporations
Cost Accounting
Credit

Refers to a company's book value

Equity

It's a broader measure of the worth of an asset

Fair Value

Use it to evaluate budgets, projects, businesses, and finance-related transactions

Financial Analysis
Financial Ratios

The official or formal records of the financial activities of an entity

Financial Statements
Financing

Assets purchased for long-term use and are not cashed in immediately

Fixed Assets
Fraud

Set of unique standards, accounting systems, and processes supporting the federal government

Governmental Accounting
Insurance

The body of accounting that deals with valuing accounting for changes in the inventoried assets

Inventory Accounting

Its the process of storing, using, ordering, and selling a company's inventory

Inventory Management
Investments
Investor Relations
Leases
Liabilities

When two separate entities combine forces to become a joint new organization

Mergers & Acquisitions

The way with which non-profit organizations record, plan, and report their finances

Nonprofit Accounting
Organizations
Partnerships

Something that is created any time money is owed by a firm for products or services rendered

Payables

A business process of payment for paying employees

Payroll

The annual pension expense disclosure and calculation of a pension plan's liabilities and assets in a company's financial statement

Pension Accounting
Present | Future Value
Receivables

Known as the act of keeping track of all the activities of a company, individual, or an organization

Record Keeping

Is a generally accepted accounting principle (GAAP) that identifies the specific conditions in which revenue is recognized and it determines how to account for it

Revenue Recognition
Risk Management
Sales and Marketing

An individual who owns the business by themselves

Sole Proprietorships
Systems
Taxation
Trusts and Estates
Variances

Use it to classify balances and financial activities within the General Ledger

Account codes
Ratios

Number series questions in numerical reasoning assessments consist of a group of numbers that share a logical rule based on elementary arithmetic.

Number Series
Tables & Graphs
Currency & Units Conversion
Percentages
Compound interest

Graph interpretation questions involve both numerical/mathematical skills as well as reasoning skills.

Data Visualization
Profit & Loss

The concept of Time and Work is similar to that across all Arithmetic topics, i.e. the concept of Proportionality.

Work & Time
Analogy
Classification
Coding-decoding
Blood Relation
Venn diagram
Calendar
Clocks
Direction and distance
Decision making
Input-output
Critical reasoning
Synonyms
Sentence Correction
Most effective summary
Cause and Effect
Antonyms
Sentence Equivalence
Spelling and grammar
Assertion & Reason
Newspaper excerpts
Logical Order of words
Verification of truth
Parajumbles
Reading Comprehension
Selection of words
Analogy
Abstract Reasoning
Critical Thinking
Diagrammatic Reasoning
Deductive Reasoning
Inductive Reasoning
Problem Solving
Pattern Matching
Seating Arrangements
Shape Construction
Statement and Assumptions
Statement and Conclusions
Syllogism
Clocks
Coding-Decoding
Critical path
Cubes and cuboids
Alphanumeric series
Reasoning Analogies
Artificial Language
Blood Relations
Calendars
Cause and Effect
Data Sufficiency
Picture Series and Sequences
Paper Folding
Puzzles
Pattern Series and Sequences
Order & Ranking
Decision Making
Deductive Reasoning/Statement Analysis
Dices
Directions
Embedded Images
Figure Matrix
Input-Output
Mirror and Water Images
Odd One Out

INDEX and MATCH is the most popular tool in Excel for performing more advanced lookups.

INDEX MATCH
SUM

Returns the average (arithmetic mean) of the arguments.

AVERAGE
Percentage
Formatting
Charts
Formulas

The VLOOKUP function always looks up a value in the leftmost column of a table and returns the corresponding value from a column to the right.

VLOOKUP
Wrap Text
Macro
Index
Cell reference

Pivot tables are statistical tables containing tables with detailed data.

Pivot table
Sorting

The Excel REPLACE function replaces characters specified by location in a given text string with another text string.

REPLACE
COUNT
Data manipulation

A conditional format changes the appearance of cells on the basis of conditions that you specify.

Conditional formatting
IF
Data summarization
Ranges
VBA
AND
Drop-down lists

Excel formulas are carried out under the BODMAS law.

BODMAS
Pivot Charts
Lookup & Reference
Date

What-If Analysis is the process of changing the values in cells to see how those changes will affect the outcome of formulas on the worksheet.

What If
Function
Cell reference

Recommended Roles:

Internal Audit Graduate Trainee

Distribution Of Test Scores

The actual score distributon will vary based on your candidate pipeline quality, but you should typically expect ~20% of the candidates to do well on Adaface assessments.

The score distribution for our assessments follow the normal curve. This is a good sign- standardized tests like SAT and GRE follow the normal distribution (bell curve).

Status quo assessments typically have the exact opposite of the bell curve (too many candidates getting close to 0, too many candidates getting close to 100 and too few candidates in the middle). This is typically because they focus on theoretical questions or trick questions, which are very binary in nature- either you know the trick/ theory or you don’t.

How Adaface Is Different

Adaface conversational assessments are reflective of on-the-job skills and see an 86% completion rate as compared to ~50% for traditional assessment platforms.

OLD WAY

TRADITIONAL TESTS

Theoretical questions/ puzzles

Feels like a test

One-size-fits-all assessments

😞
HIRE IN
Weeks/Months

NEW WAY

ADAFACE ASSESSMENTS

Questions for on-the-job skills

Conversational

Customized
assessments

😀️
HIRE IN
Days

FAQs

What is a custom assessment?

Every role is different and requires a custom assessment to identify top candidates efficiently. Adaface subject matter experts understand your job description/ role requirements and pick the most relevant questions from our library of 10000+ questions to create a technical assessment that helps you find the qualified candidates in your candidate pipeline quickly. All custom assessments are set up based on the job description, role requirements, must-have skills, experience level and salary range within a maximum of 48 hours and you will get an email notification once it goes live.

Check out a sample assessment here (no credit card required).

Can I combine multiple skills into one custom assessment?

Yes, absolutely. Custom assessments are set up based on your job description, and will include questions on all must-have skills you specify.

How is Adaface different from other assessment tools?

We believe that status quo tech assessment platforms are not a fair way for companies to evaluate engineers because they focus on trick questions/ puzzles/ niche algorithms. We started Adaface to help companies find great engineers by assessing on-the-job skills required for a role. Read more about why we started Adaface.

Here's what's different with Adaface:

  • High quality non-googleable questions that test for on-the-job skills as opposed to theoretical knowledge.
  • A friendly conversational assessment with a chatbot, instead of sending a "test" to a candidate. This translates to a higher completion rate. Adaface assessments (86% candidate completion rate), as opposed to traditional tests (40-50% candidate completion rate)
  • Customized assessments for 700+ skills at different experience levels.
Do you have any anti-cheating or proctoring features in place?

We have the following anti-cheating features in place:

  • Web proctoring
  • Webcam proctoring
  • Plagairism detection
  • Non-googleable questions
  • Secure browser

Read more the proctoring features.

How do I interpret test scores?

The primary thing to keep in mind is that an assessment is an elimination tool, not a selection tool. A skills assessment is optimized to help you eliminate candidates who are not technically qualified for the role, it is not optimized to help you find the best candidate for the role. So the ideal way to use an assessment is to decide a threshold score (typically 55%, we help you benchmark) and invite all candidates who score above the threshold for the next rounds of interview.

What experience level can I use this test for?

Each Adaface assessment is customized to your job description/ ideal candidate persona (our subject matter experts will pick the right questions for your assessment from our library of 10000+ questions). This assessment can be customized for any experience level.

Does every candidate get the same questions?

Yes, it makes it much easier for you to compare candidates. Options for MCQ questions and the order of questions are randomized. We have anti-cheating/ proctoring features in place. In our enterprise plan, we also have the option to create multiple versions of the same assessment with questions of similar difficulty levels.

I'm a candidate. Can I try a practice test?

No. Unfortunately, we do not support practice tests at the moment. However, you can use our sample questions for practice.

What is the cost of using this test?

You can check out our pricing plans.

Can I get a free trial?

The platform is completely self-serve, so here's one way to proceed:

  • You can sign up for free to get a feel for how it works.
  • The free trial includes one sample assessment (Java/ JavaScript) that you will find in your dashboard when you sign up. You can use it to review the quality of questions, and the candidate experience of a conversational test on Adaface.
  • To review the quality of questions, you can also review our public questions for 50+ skills here.
  • Once you're convinced that you want to try it out with real assessments and candidates, you can pick a plan according to your requirements.
I just moved to a paid plan. How can I request a custom assessment?

Here is a quick guide on how to request a custom assessment on Adaface.

With Adaface, we were able to optimise our initial screening process by upwards of 75%, freeing up precious time for both hiring managers and our talent acquisition team alike!


Brandon Lee, Head of People, Love, Bonito

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