Ernst & Young Leader Quality Assurance Engineer Interview Questions and Answers

I have 5 years of experience in quality assurance/quality control, leading teams and ensuring high standards.

• Led a team of 10 QA/QC professionals in a manufacturing company

• Implemented quality control processes and procedures to improve product quality

• Conducted regular audits and inspections to identify and resolve quality issues

• Collaborated with cross-functional teams to address customer complaints and implement correc...read more

I am an experienced Team Leader in Quality Assurance/Quality Control.

• I have successfully led a team of QA/QC professionals in ensuring product quality.

• I have implemented quality control processes and procedures to improve efficiency and accuracy.

• I have trained and mentored team members to enhance their skills and knowledge.

• I have collaborated with cross-functional teams to identify and resolve quality issues.

• I have a s...read more

Audit assertions are the claims made by management regarding the accuracy and completeness of financial statements.

• Audit assertions are used by auditors to evaluate the financial statements of an organization.

• There are six types of audit assertions: existence, completeness, accuracy, valuation, rights and obligations, and presentation and disclosure.

• Existence assertion ensures that the assets and liabilities mentioned ...read more

Audit materiality is the threshold used to determine the significance of an error or misstatement in financial statements.

• It is used to determine the level of detail required in an audit.

• It is based on the size and nature of the company being audited.

• It helps auditors decide which errors or misstatements are significant enough to report to management or shareholders.

• Materiality is subjective and can vary depending on t...read more

Ind AS 115 is a new revenue recognition standard introduced by the Institute of Chartered Accountants of India.

• Ind AS 115 replaces the existing revenue recognition standard Ind AS 18 and is effective from April 1, 2018.

• It provides a single, comprehensive framework for revenue recognition across all industries.

• The standard requires companies to recognize revenue when control of goods or services is transferred to the cu...read more