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Ernst & Young CA Article Interview Questions and Answers

Updated 30 Nov 2015

Ernst & Young CA Article Interview Experiences

1 interview found

CA Article Interview Questions & Answers

user image Spoorthi Hegde

posted on 29 Nov 2015

Interview Questionnaire 

6 Questions

  • Q1. Why was the New Companies Act 2013 introduced in place of Companies Act 1956?
  • Ans. 

    The New Companies Act 2013 was introduced to modernize and improve corporate governance in India.

    • The Companies Act 1956 was outdated and needed to be replaced with a more comprehensive and contemporary legislation.

    • The new act aimed to align Indian corporate laws with international standards and best practices.

    • It introduced several new provisions to enhance transparency, accountability, and investor protection.

    • The Act i...

  • Answered by AI
  • Q2. List out all the Accounting Standards that you know of.What is your favorite?Mention any 2 or 3
  • Q3. Once you choose your favorites, questions will be asked on those( and others too)
  • Q4. What are the differences b/w Purchase Method and Pooling of Interests Method in Accounting of Amalgamation(AS 14)?
  • Ans. 

    The Purchase Method and Pooling of Interests Method are two different accounting methods used for amalgamations.

    • Purchase Method involves recording the amalgamation as an acquisition, with the acquiring company recognizing the fair value of the assets and liabilities of the acquired company.

    • Pooling of Interests Method involves combining the financial statements of the merging companies as if they had always been a singl...

  • Answered by AI
  • Q5. A case study was asked on AS 19 which was of CA Final.I just answered by stating the definitions of Operating Lease and Finance Lease and made an attempt which proved to be wrong
  • Q6. State AS 4 AND AS 5
  • Ans. 

    AS 4 and AS 5 are Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI).

    • AS 4: Contingencies and Events Occurring After the Balance Sheet Date

    • AS 5: Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies

  • Answered by AI

Interview Preparation Tips

Round: Test
Experience: It was a fairly easy test based on Logical Reasoning,Basic Mathematics and General Questions on Accounting.
Tips: A little brush up on the above mentioned areas a few days before the interview should suffice.
Duration: 60 minutes minutes

Round: HR Interview
Experience: They had come on campus only for Audit.Basic Questions about yourself,your family and the reason for doing CA/choosing E&Y over others was asked.It might get overwhelming for a few when they grill you in detail about everything.They asked me about my preference of area(Service sector/Manufacturing/Financial services) in Audit.When I said that I had no such preference and I did not have much idea regarding the same,she explained about all the three.Nothing much technical here,more general.
Tips: Smile,Be Confident(Not Overconfident!) about what you're speaking irrespective of the fact of whether or not you know the right answer.State clearly your preferences and conditions(if any) regarding travel restrictions because you will not be allowed to back out once you opt for it.Clear all your doubts regarding the scope of work,remuneration(though not suggested) with the HR team itself.

Round: Technical Interview
Experience: I chose the Service sector(as I was told it's more suited for girls as it did not involve much field work).This was the toughest part among all, if I had to choose among the three.Your concepts must be clear about the area that you choose(TAX/AUDIT). The first thing that they ask you is why Audit.Then she gave different case studies testing my knowledge in Accounting Standards.She also asked me a few questions on The Companies Act 2013.
Tips: Make sure that you are clear with all the AS, SAs and Company Law.Be ready for twisted questions- some might even be out of our syllabus. In such case, politely inform the interviewer that you do not know the answer. Do not try to be over smart as most of them are highly qualified and Experienced CAs. In case you have particular doubts regarding that sector(in my example,Services), clear it with them.

General Tips: Be ready to travel a LOT if you choose to be in Audit.
The daily timings(specially the "out" of the office timings) are not fixed and may extending till late night.
Saturdays are officially off but you may be asked to come if there's work.
Skill Tips: Make sure you brush up with all the Accounting Standards,Standards on Auditing and Company Law(as much as possible).Go through a few case studies on all the three in case they decide to twist and ask you the questions.
Skills: Company Law, Auditing, Accounting
College Name: HR College of Commerce and Economics
Motivation: It's a "BIG 4".The tag itself is quite motivating but the main reason behind me applying for the same was to experience what an interview would be like and to get a few doubts cleared about how they actually work and expect us to work on first hand basis before zeroing in on whether I should join a BIG 4 or a mid size CA firm.

Interview questions from similar companies

I applied via Naukri.com and was interviewed before Apr 2021. There were 2 interview rounds.

Round 1 - One-on-one 

(3 Questions)

  • Q1. Spring container and beans
  • Q2. Annotations used in Springboot
  • Ans. 

    Annotations are used in Springboot to simplify configuration and reduce boilerplate code.

    • Annotations are used to define the behavior of Spring components

    • They can be used to define the scope of a bean, inject dependencies, and handle exceptions

    • Some commonly used annotations include @Component, @Autowired, and @ExceptionHandler

  • Answered by AI
  • Q3. Java 8 New Features and explanation
  • Ans. 

    Java 8 introduced several new features including lambda expressions, streams, and default methods.

    • Lambda expressions allow for functional programming and simplify code.

    • Streams provide a way to process collections of data in a functional style.

    • Default methods allow for adding new methods to interfaces without breaking existing implementations.

    • Other features include the Optional class, Date and Time API, and Nashorn Java

  • Answered by AI
Round 2 - HR 

(1 Question)

  • Q1. What is your expected package

Interview Preparation Tips

Interview preparation tips for other job seekers - Prepare the topics thoroughly with working examples. Theoretical knowledge is not enough to really grasp the concepts.

Skills evaluated in this interview

I applied via Walk-in and was interviewed before Feb 2020. There were 4 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Its for FP&A process and the major questions were from the basics of FP&A. How it starts and how its ends and Previous job roles.

Interview Preparation Tips

Interview preparation tips for other job seekers - It's quite a moderate interview but be prepare for more rounds of technical interviews.

I applied via Naukri.com and was interviewed before Nov 2020. There were 3 interview rounds.

Interview Questionnaire 

2 Questions

  • Q1. Toefl score
  • Q2. Ielts score

Interview Preparation Tips

Interview preparation tips for other job seekers - easy to crack. good work atmosphere.

I applied via Job Fair and was interviewed before Feb 2021. There were 2 interview rounds.

Round 1 - Aptitude Test 
Round 2 - One-on-one 

(1 Question)

  • Q1. Basic accounting methods and journals

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident About what you are saying

I applied via Naukri.com and was interviewed before Feb 2021. There were 2 interview rounds.

Round 1 - Technical 

(1 Question)

  • Q1. Questions on Salesforce Basics. One can learn all great features in Salesforce.com but we must know the basic admin functionalities and features in Saleforce.
Round 2 - Behavioral 

(1 Question)

  • Q1. The questions will be on your career, Resume. They will look for story telling skills, can you be a team player and individual player, etc. Can be technical as well.

Interview Preparation Tips

Interview preparation tips for other job seekers - First know the basics of Saleforce.com for functional role then you dive into all great features in Salesforce.

I applied via Walk-in and was interviewed before Feb 2021. There were 2 interview rounds.

Round 1 - Aptitude Test 

No

Round 2 - HR 

(1 Question)

  • Q1. Tell me about yourself.

Interview Preparation Tips

Interview preparation tips for other job seekers - Check all the review and think accordingly.

I applied via Walk-in and was interviewed in Jan 2019. There were 4 interview rounds.

Interview Questionnaire 

3 Questions

  • Q1. Work experience in current organisation
  • Q2. What is unique about you
  • Ans. 

    I have a unique combination of analytical skills, creativity, and strong attention to detail.

    • I have a background in both finance and graphic design, allowing me to approach problems from multiple perspectives.

    • I excel at finding innovative solutions to complex problems.

    • I am known for my ability to think outside the box and come up with creative solutions.

    • I have a keen eye for detail and always strive for perfection in m

  • Answered by AI
  • Q3. What you value added to your last organisation
  • Ans. 

    I added value to my last organization by implementing data-driven strategies to improve efficiency and decision-making.

    • Implemented data analytics tools to optimize processes and identify cost-saving opportunities

    • Developed KPI dashboards to track performance and make informed business decisions

    • Led cross-functional teams to successfully launch new products and services

    • Provided training and mentorship to junior analysts t

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be honest and bold

I applied via Campus Placement and was interviewed before Feb 2021. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all Resume tips
Round 2 - Aptitude Test 

Focus on industry-specific nuances

Interview Preparation Tips

Interview preparation tips for other job seekers - Focus on the industry you are familiar with and discuss the challenges and probable solutions.

I applied via Naukri.com and was interviewed before May 2021. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all Resume tips
Round 2 - Coding Test 

Coding questions will be given

Interview Preparation Tips

Interview preparation tips for other job seekers - Do well. Be bold and answer what you know.
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Ernst & Young Interview FAQs

What are the top questions asked in Ernst & Young CA Article interview?

Some of the top questions asked at the Ernst & Young CA Article interview -

  1. Why was the New Companies Act 2013 introduced in place of Companies Act 19...read more
  2. What are the differences b/w Purchase Method and Pooling of Interests Method in...read more
  3. State AS 4 AND A...read more

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