Kpmg

To analyze a company's financial health, I start by examining the financial statements, focusing on key metrics such as liquidity ratios, profitability ratios, and leverage ratios. I also look at cash flow statements to assess the company's cash generation ability and compare these metrics with industry benchmarks.

The recent change in tax regulation, such as the reduction in corporate tax rate, impacts corporate tax planning by allowing companies to retain more profits, which can be reinvested into the business or distributed as dividends. Companies may need to adjust their deferred tax calculations and re-evaluate their tax strategies to optimize their tax liabilities.

I would begin by understanding the client's business environment, industry-specific risks, and internal control systems. I would then identify and prioritize risks based on their likelihood and potential impact, using tools like risk matrices. This assessment would guide the audit plan and focus areas.

I once had to present a budget forecast to a team of marketing professionals. I used simple graphs and charts to visualize the data and focused on key takeaways rather than technical details. I encouraged questions to ensure clarity and understanding.

I ensure compliance by staying informed about international tax treaties and regulations, understanding the tax implications of cross-border transactions, and working closely with local tax advisors. I also utilize tax software to track and report international tax obligations accurately.

Upon discovering a significant discrepancy, I would first gather all relevant evidence and document the findings. I would then discuss the issue with the audit team and management to understand the root cause and assess its impact. Finally, I would recommend corrective actions and monitor their implementation.

I am proficient in financial models such as discounted cash flow (DCF), sensitivity analysis, and scenario analysis. I have used DCF to value potential investment opportunities and sensitivity analysis to assess the impact of variable changes on financial outcomes.

I once dealt with a complex transfer pricing issue involving multiple jurisdictions. I conducted a detailed analysis of comparable transactions and prepared documentation to support the company's pricing strategy, ultimately satisfying the tax authorities' requirements.

I prioritize audit tasks by assessing the risk and impact of each area. High-risk areas with significant financial implications are addressed first. I also consider regulatory requirements and management concerns to ensure critical areas are covered.

I keep up with industry developments by subscribing to financial news platforms, attending webinars, and participating in professional networks. I also engage in continuous learning through courses and certifications.

To minimize tax liability, I would explore tax credits and incentives, optimize the timing of income and deductions, and consider tax-efficient investment structures. I would also ensure compliance with tax laws to avoid penalties.

I evaluate internal controls by reviewing their design and implementation, testing their operation, and assessing their ability to mitigate identified risks. I also consider feedback from process owners and audit findings to identify areas for improvement.

Key considerations include historical performance, market trends, assumptions about future conditions, and potential risks. I also ensure alignment with the company's strategic goals and incorporate input from various departments.

I handle such situations by listening to the client's concerns, providing clear explanations of my advice with supporting evidence, and discussing alternative solutions. I ensure open communication to reach a mutually agreeable outcome.

I have used data analytics tools to identify anomalies and trends in large datasets, which helps in focusing audit efforts on high-risk areas. This approach improves the efficiency and effectiveness of audits by providing deeper insights into financial data.

I assess the viability of a new investment project by analyzing its projected cash flows, calculating the net present value (NPV), and assessing the internal rate of return (IRR). I also consider qualitative factors such as strategic fit and market conditions.