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Ernst & Young Audit Associate Interview Questions, Process, and Tips
Top Ernst & Young Audit Associate Interview Questions and Answers
- Q1. Explain the golden rules of accounting
- Q2. Explain revenue recognition concept
- Q3. What are the different kinds of audit opinions
Ernst & Young Audit Associate Interview Experiences
10 interviews found
Anonymous
Selected
I applied via campus placement at CMS College, Kottayam and was interviewed in Oct 2024. There were 3 interview rounds.
An aptitude test was conducted prior to being selected for Interviews
(3 Questions)
- Q1. Questions based on Resume
- Q2. Questions relating to Accounting
- Q3. Questions relating to IFRS
(3 Questions)
- Q1. Self introduction
- Q2. Hobbies and passions
- Q3. Career goal in 5 years
Interview Preparation Tips
- IFRS
- Financial Statement Analysis
- Financial Reporting
Selected
I applied via Acca careers
Basic 12th commerce questions and logical reasoning basic questions
(3 Questions)
- Q1. What is audit risk
- Ans.
Audit risk is the risk that auditors may give an incorrect opinion on financial statements due to errors or fraud.
Audit risk is the risk that auditors may issue an incorrect opinion on financial statements.
It is influenced by the risk of material misstatement and detection risk.
Audit risk can be reduced by performing thorough audit procedures and obtaining sufficient evidence.
Examples of factors that can increase audit...
- Q2. Basic journal entry of accrued interest
- Q3. Where do you see yourself in 5 years and why ey?
4 sections - Reasoning, English, Numeric, Accounting
(1 Question)
- Q1. Why do you want to be an auditor?
Ernst & Young interview questions for designations
(1 Question)
- Q1. What are the different kinds of audit opinions
- Ans.
Different kinds of audit opinions include unqualified, qualified, adverse, and disclaimer.
Unqualified opinion: The auditor believes the financial statements are accurate and comply with accounting standards.
Qualified opinion: The auditor has reservations about certain aspects of the financial statements.
Adverse opinion: The auditor believes the financial statements are materially misstated and do not accurately reflect...
Selected
I applied via Approached by Company and was interviewed before May 2023. There were 3 interview rounds.
It was a good test and easy can crack
(1 Question)
- Q1. There are few tough question we have to answer
(1 Question)
- Q1. Have to prepare well for this round
I applied via Job Portal and was interviewed in Oct 2020. There were 3 interview rounds.
Interview Questionnaire
1 Question
- Q1. Explain revenue recognition concept
Interview Preparation Tips
Interview Questionnaire
1 Question
- Q1. What is ICFR?
- Ans.
ICFR stands for Internal Control over Financial Reporting.
ICFR is a process designed to provide reasonable assurance regarding the reliability of financial reporting.
It involves identifying and assessing risks, designing and implementing controls, and monitoring their effectiveness.
ICFR is required by the Sarbanes-Oxley Act for publicly traded companies in the US.
Examples of ICFR controls include segregation of duties,...
Aishu Rittika
I was interviewed before Aug 2020.
Interview Questionnaire
1 Question
- Q1. Explain the golden rules of accounting
Interview Preparation Tips
Interview Questionnaire
1 Question
- Q1. Basic accounting terms
Interview Preparation Tips
Experience: easy multiple choice questions
Tips: brush up verbal reasoning, quantitative ability and logical reasoning.
Duration: 30 minutes
Round: Group Discussion
Experience: a smooth group discussion without much interruptions.
Tips: stay calm and wait for your turn. it is always better to let the others put forward there points and then counter it. never interrupt anyone because such an act would lead to a debate and not a team discussion.
Round: Technical Interview
Experience: it is a good experience when you know the answers to most of the questions.
Tips: having a calm and confident mind always helps. do take your time to answer a question because taking time and answering correctly is always better than giving the wrong answer.
Round: HR Interview
Tips: it is good to have direct answers for the questions relating to one's time commitments and future plans.
Skills: communication skills, technical skills
College Name: sgtb khalsa college
Motivation: part of the big 4 accounting firms
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Interview Questions for Popular Designations
Ernst & Young Audit Associate Interview Process
based on 6 interviews
3 Interview rounds
- Aptitude Test Round
- Technical Round
- HR Round
Interview Questions from Similar Companies
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Ernst & Young Audit Associate Reviews and Ratings
based on 51 reviews
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