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

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

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

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

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...read more

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

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...read more

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...read more

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

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