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

Updated 30 Dec 2022

Top Ernst & Young Assurance Associate Interview Questions and Answers

  • Q1. Tell the journal entries for sales return and purchase return.
  • Q2. What is auditing? Different methods of depreciation and basic journal entries.
  • Q3. how much experience you have, what do you understand through anti money laundering?
View all 28 questions

Ernst & Young Assurance Associate Interview Experiences

12 interviews found

I was interviewed before Jun 2016.

Interview Questionnaire 

13 Questions

  • Q1. Tell me something about yourself.
  • Ans. 

    I am a recent graduate with a degree in accounting and a strong interest in pursuing a career in assurance services.

    • Recent graduate with a degree in accounting

    • Strong interest in pursuing a career in assurance services

    • Detail-oriented and analytical

    • Effective communicator and team player

  • Answered by AI
  • Q2. How would you manage your work life as the office location is too far from your home?
  • Ans. 

    I would manage my work life by adjusting my schedule, exploring alternative transportation options, and possibly considering relocation.

    • Adjusting my schedule to avoid peak traffic hours

    • Exploring carpooling or public transportation options

    • Possibly considering relocation closer to the office

    • Utilizing remote work options if available

  • Answered by AI
  • Q3. What are your plans in case you do not get selected ?
  • Ans. 

    I will continue to apply for other opportunities and improve my skills through additional training or certifications.

    • Continue applying for other job opportunities in the same field

    • Seek feedback from the interview to improve for future interviews

    • Consider additional training or certifications to enhance skills

    • Network with professionals in the industry for potential job leads

  • Answered by AI
  • Q4. Where do you see yourself 5 years down the line ?
  • Ans. 

    In 5 years, I see myself as a senior Assurance Associate, leading a team and contributing to the growth and success of the company.

    • Advancing to a senior role within the Assurance department

    • Leading and managing a team of junior associates

    • Contributing to the development and implementation of new audit methodologies

    • Building strong relationships with clients and providing exceptional service

    • Continuing professional developm...

  • Answered by AI
  • Q5. Why do you want to join EY ?
  • Ans. 

    I want to join EY because of its reputation for excellence, global opportunities, and focus on professional development.

    • EY is known for its high standards of excellence in the industry

    • I am attracted to the global opportunities that EY offers, allowing me to work with diverse clients and teams

    • EY's focus on professional development aligns with my career goals and desire for continuous learning

    • I admire EY's commitment to

  • Answered by AI
  • Q6. Journal entries of few transactions
  • Q7. Type of account - Real, Personal or Nominal
  • Q8. What is depreciation and how is it calculated ?
  • Ans. 

    Depreciation is the decrease in value of an asset over time due to wear and tear, obsolescence, or other factors.

    • Depreciation is a method used to allocate the cost of an asset over its useful life.

    • It is calculated by subtracting the asset's salvage value from its initial cost and dividing it by the asset's useful life.

    • There are different methods of calculating depreciation, such as straight-line, declining balance, and...

  • Answered by AI
  • Q9. What is auditing ?
  • Ans. 

    Auditing is the process of examining financial records to ensure accuracy and compliance with regulations.

    • Auditing involves reviewing financial statements, records, and transactions.

    • The goal of auditing is to provide assurance that financial information is accurate and reliable.

    • Auditors may also identify areas for improvement in financial reporting and internal controls.

    • Examples of audits include financial statement au...

  • Answered by AI
  • Q10. Why is costing done ?
  • Q11. Why is financial management important ?
  • Q12. Explain the concept of mortgage
  • Ans. 

    Mortgage is a loan taken to purchase a property, where the property itself serves as collateral for the loan.

    • Mortgage is a type of secured loan.

    • The borrower pledges the property as collateral for the loan.

    • The lender holds the right to seize the property if the borrower fails to repay the loan.

    • Mortgages are usually long-term loans with fixed or adjustable interest rates.

    • Common types of mortgages include conventional, FH

  • Answered by AI
  • Q13. What is oligopoly and draw the demand graph for it
  • Ans. 

    Oligopoly is a market structure where a few large firms dominate the market.

    • The firms in an oligopoly have significant market power.

    • They can influence the price and output in the market.

    • The demand curve for an oligopoly is kinked due to the interdependence of firms.

    • The kinked demand curve shows that firms will match price cuts but not price increases.

    • Examples of oligopolies include the automobile industry and the soft

  • Answered by AI

Interview Preparation Tips

Round: Test
Experience: Test was simple and required general aptitude.
In order to qualify a minimum number of questions were supposed to be attempted in each section.
Tips: Read the instructions properly because not following them could lead to disqualification.
Duration: 1 hour
Total Questions: 60

Round: Group Discussion
Experience: 2 minutes were given to think about the topic and note down points.The topic was pretty simple and the GD was a usual one with people putting their points one after another. In the end few of the candidates were asked to give a conclusion.
Tips: Be clear about your viewpoint and try to be audible enough to put across your thought. Do shout or yell in an attempt to gt yourself noticed. It may turn out negatively.
Duration: 15 minutes

Round: HR Interview
Experience: These were the questions which I had already expected and had prepared answers for them. I also had plans to do CA which was in a way contradicted the fact that I wanted to do a job. But it was my honestly that helped me through because I did not lie to them about it just to secure a job
Tips: Do not try to bluff the interviewer as he/she is always one step ahead of you.

Round: Technical Interview
Experience: The questions revolved around the various commerce subjects that I had studied. At times my answers led to another question related to the points I mentioned. More emphasis was given on accounting knowledge. Few questions were also asked from business related current affairs
Tips: Revise your subjects well as anything can be asked and you are expected to know what you have studied. Also look up on the current affairs

Skills: Interpersonal Communication, Technical Knowledge(ML, Honesty, General Aptitude, Attitude
College Name: Daulat Ram College

I was interviewed before Sep 2016.

Interview Questionnaire 

3 Questions

  • Q1. Basic information about yourself
  • Q2. Basic Accountancy questions
  • Q3. Rapid Accountancy based questions

Interview Preparation Tips

Round: Test
Experience: MCQs, basic level questions
Duration: 3 hours
Total Questions: 60

College Name: IP College for Women

Assurance Associate Interview Questions Asked at Other Companies

Q1. Tell the journal entries for sales return and purchase return.
Q2. relation between audit and accounting, cash sales, depriciation, ... read more
Q3. What is auditing? Different methods of depreciation and basic jou ... read more
Q4. how much experience you have, what do you understand through anti ... read more
Q5. What do you understand through assurance associate?

Ernst & Young Interview FAQs

How many rounds are there in Ernst & Young Assurance Associate interview?
Ernst & Young interview process usually has 4-5 rounds. The most common rounds in the Ernst & Young interview process are Resume Shortlist, Aptitude Test and One-on-one Round.
How to prepare for Ernst & Young Assurance Associate interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at Ernst & Young. The most common topics and skills that interviewers at Ernst & Young expect are IFRS, Quality Assurance, US GAAP, Accounting and Agile Coaching.
What are the top questions asked in Ernst & Young Assurance Associate interview?

Some of the top questions asked at the Ernst & Young Assurance Associate interview -

  1. Tell the journal entries for sales return and purchase retu...read more
  2. What is auditing? Different methods of depreciation and basic journal entri...read more
  3. how much experience you have, what do you understand through anti money launder...read more

Tell us how to improve this page.

Ernst & Young Assurance Associate Interview Process

based on 2 interviews

4 Interview rounds

  • Technical Round - 1
  • HR Round
  • Technical Round - 2
  • Personal Interview1 Round
View more

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Ernst & Young Assurance Associate Salary
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₹2 L/yr - ₹7 L/yr
16% less than the average Assurance Associate Salary in India
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3.3/5

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