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Ernst & Young Junior Business Analyst Interview Questions and Answers
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Anonymous
I applied via Campus Placement and was interviewed in Apr 2020. There was 1 interview round.
Interview Questionnaire
2 Questions
- Q1. Mention key Audit matters with example
- Ans.
Key audit matters are significant areas of the audit that require the most attention and have the highest risk of material misstatement.
Revenue recognition
Impairment of assets
Valuation of inventory
Going concern
Related party transactions
Taxation
Litigation and claims
Acquisitions and disposals
Pensions and other post-employment benefits
Financial instruments
Business continuity and disaster recovery
IT systems and controls
- Q2. Consequence of non deducting TDS
- Ans.
Non deduction of TDS can lead to penalties and legal consequences.
Non deduction of TDS can result in penalties and interest charges.
The taxpayer may also face legal consequences and prosecution.
The deductee may face difficulties in claiming credit for the tax deducted at source.
Non deduction of TDS can also lead to increased scrutiny from tax authorities.
For example, if an employer fails to deduct TDS on salary payment...
Interview Preparation Tips
I applied via Campus Placement and was interviewed before Nov 2020. There was 1 interview round.
Interview Questionnaire
2 Questions
- Q1. Guestimate - number of anu malik music CDs sold in 1995
- Ans.
Approximately 1 million Anu Malik music CDs were sold in 1995.
Anu Malik was a popular music composer in the 90s
CDs were the primary mode of music distribution in 1995
Assuming Anu Malik's popularity, 1 million CDs sold seems reasonable
- Q2. Case - increase Starbucks sales in India
- Ans.
Increase Starbucks sales in India case
Conduct market research to understand local preferences and culture
Develop a menu that caters to Indian tastes, such as adding more tea-based drinks
Partner with local businesses and influencers to increase brand awareness
Offer promotions and discounts to attract new customers
Expand store locations to reach more customers in different regions
Interview Preparation Tips
I applied via Company Website and was interviewed before Mar 2021. There were 2 interview rounds.
Online aptitude test with English grammar and math skills
(3 Questions)
- Q1. What is your family background?
- Q2. Tell me about yourself.
- Q3. What have you studied so far
Interview Preparation Tips
I applied via Campus Placement and was interviewed before Nov 2021. There were 3 interview rounds.
Maths, reasoning di are the key subject that they took
(2 Questions)
- Q1. Strength and weakness
- Q2. Why should we hire you
Interview Preparation Tips
They make take excel test if required
They may ask you about relocation
I applied via Campus Placement and was interviewed before Nov 2020. There were 3 interview rounds.
Interview Questionnaire
3 Questions
- Q1. What are audit assertions?
- Ans.
Audit assertions are the claims made by management regarding the accuracy and completeness of financial statements.
Audit assertions are used by auditors to assess the risk of material misstatement in financial statements.
There are six types of audit assertions: existence, completeness, accuracy, valuation, rights and obligations, and presentation and disclosure.
For example, existence assertion refers to whether the ass...
- Q2. Then they ask me about cut off procedure, which is taken out from my previous answer?
- Ans. It means procedure applied to the accounting period to ensure that all the transaction relevant to reporting period has been recorded.for ex. Insurance premium given for next year is recorded under prepaid exp.
- Q3. What is materiality concept and they give me pen and paper to solve some practical question about AS-22 like permanent difference, temporary difference,deferred tax assets and liability
Interview Preparation Tips
I applied via Referral and was interviewed before Dec 2020. There was 1 interview round.
Interview Questionnaire
2 Questions
- Q1. Tell me about your Btech projects you have done and where do yourself in next 10 years
- Ans. Explained my project and where I see myself , in a good position in deloitte
- Q2. Explained my
Interview Preparation Tips
I applied via Recruitment Consultant and was interviewed in Nov 2020. There was 1 interview round.
Interview Questionnaire
1 Question
- Q1. Understand the core values of PwC and its relationship with current and future expectations
- Ans.
PwC's core values include teamwork, excellence, and leadership. They strive to meet current and future expectations through innovation and collaboration.
PwC values teamwork, excellence, and leadership
They prioritize innovation and collaboration to meet current and future expectations
PwC aims to provide quality service to clients and contribute to society
They prioritize diversity and inclusion in their workforce
PwC enco...
Interview Preparation Tips
Provide reasoning for your answer and relate it PwC’s core values
I applied via Referral and was interviewed in Feb 2021. There was 1 interview round.
Interview Questionnaire
1 Question
- Q1. All the questions related to my previous process
Interview Preparation Tips
I applied via Naukri.com and was interviewed in Sep 2020. There were 3 interview rounds.
Interview Questionnaire
1 Question
- Q1. Mostly they will ask you about your previous projects and company experience.
Interview Preparation Tips
I applied via Referral and was interviewed before May 2021. There were 4 interview rounds.
(1 Question)
- Q1. There were questions from information security, business continuity, network security and cloud security
(1 Question)
- Q1. Same as above. But more was application level questions
(1 Question)
- Q1. More generic questions
Interview Preparation Tips
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