Ernst & Young Associate Consultant Interview Questions, Process, and Tips

Aptitude Question - 1 HR

Q1. OSI layer and Networking questions
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Q1. Question about projects developed in College days and networking knowledge
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Q1. Communication testing
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Q1. What are various types of frauds?
Ans. 
Various types of frauds include identity theft, credit card fraud, insurance fraud, and investment fraud.
• Identity theft: When someone steals personal information to commit fraud.

• Credit card fraud: Unauthorized use of someone's credit card information.

• Insurance fraud: Falsifying information to make fraudulent insurance claims.

• Investment fraud: Deceiving investors for financial gain.

• Online fraud: Scams conducted over the...read more
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Q2. How will you proceed for a fraud investigation if we have not received the data yet?
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I would start by conducting interviews with relevant parties and reviewing any available documentation.
• Conduct interviews with employees involved in the process

• Review any available documentation such as emails, invoices, and financial records

• Assess any patterns or anomalies in the information gathered

• Consider involving external experts or forensic accountants if necessary
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Q1. Do you know any Frauds that happened recently?
Ans. 
Yes, the Wirecard fraud scandal is a recent example of a major financial fraud.
• Wirecard, a German payment processing company, filed for insolvency after admitting to a $2.1 billion accounting scandal.

• The scandal involved inflating revenue and falsifying financial statements to deceive investors and regulators.

• Several executives were arrested and investigations are ongoing to uncover the extent of the fraud.
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Q1. How is compliance management done?
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Compliance management involves ensuring adherence to laws, regulations, and internal policies within an organization.
• Establishing clear policies and procedures

• Regular monitoring and auditing of activities

• Providing training to employees on compliance requirements

• Implementing systems for reporting violations

• Responding promptly to any compliance issues
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Q2. What is compliance? What’re the basics of compliance?
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Compliance refers to following rules, regulations, and standards set by authorities or organizations to ensure ethical and legal practices.
• Compliance involves adhering to laws, regulations, and guidelines relevant to a specific industry or organization.

• It includes implementing policies and procedures to prevent violations and ensure ethical conduct.

• Regular audits and monitoring are conducted to ensure compliance with s...read more
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Q3. How to differentiate domestic and international compliances?
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Domestic compliances are regulations and laws that apply within a country, while international compliances are regulations and laws that apply across multiple countries.
• Domestic compliances are specific to the laws and regulations of a single country.

• International compliances involve adhering to laws and regulations that span multiple countries.

• Domestic compliances may include tax laws, labor laws, and industry-specifi...read more
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Q1. Fixed pay, variable pay and expectations
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Q2. Location as a choice
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Q1. Can you create an XSS payload
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Yes, an XSS payload is a malicious script injected into a website to exploit vulnerabilities.
• An XSS payload can be created using
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Q2. What are python decorators
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Python decorators are functions that modify the behavior of other functions or methods.
• Decorators are denoted by the @ symbol followed by the decorator function name.

• They allow you to add functionality to an existing function without modifying its code.

• Common use cases include logging, timing, and authentication.

• Example: @staticmethod decorator in Python is used to define a static method within a class.
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