Ernst & Young Interview Questions, Process, and Tips

Q1. List a few concepts you learnt in your previous internship ?
Add your answer

Quantitative aptitude, audit based questions

Q1. Principles of auditing
Ans. 
Principles of auditing are fundamental concepts that guide the auditing process to ensure accuracy and reliability of financial statements.
• Independence: Auditors must remain unbiased and free from conflicts of interest.

• Integrity: Auditors must be honest and ethical in their work.

• Objectivity: Auditors must approach the audit with an open mind and without bias.

• Confidentiality: Auditors must keep all information obtained ...read more
Answered by AI
Add your answer
Q2. What is internal auditing
Ans. 
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations.
• Internal auditing evaluates the effectiveness of risk management, control, and governance processes within an organization.

• It helps organizations accomplish their objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk managem...read more
Answered by AI
Add your answer
Q3. What is external audit
Ans. 
External audit is an independent examination of financial statements conducted by a third party.
• External audit is conducted by a certified public accountant (CPA) or a firm of CPAs.

• It provides assurance to stakeholders that the financial statements are free from material misstatements.

• External auditors follow generally accepted auditing standards (GAAS) to perform their audit procedures.

• The main objective of an externa...read more
Answered by AI
Add your answer
Q4. What is balance sheet
Ans. 
Balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time.
• It provides a snapshot of a company's financial position.

• Assets are what the company owns, liabilities are what it owes, and equity is the difference between the two.

• The balance sheet follows the accounting equation: Assets = Liabilities + Equity.

• It helps investors, creditors, and analysts assess th
Answered by AI
Add your answer

Q1. Difference between internal audit and external audit
Ans. 
Internal audit is conducted by employees of the company to assess internal controls and operations, while external audit is conducted by independent auditors to provide an opinion on financial statements.
• Internal audit is conducted by employees of the company, while external audit is conducted by independent auditors.

• Internal audit focuses on assessing internal controls and operations of the company, while external aud...read more
Answered by AI
Add your answer
Q2. Do you have any any questions on the company
Add your answer

Q1. Basics of Guidewire
Add your answer
Q2. Adl and rate book changes
Add your answer

Aptittude test consist of basic quantitative and logical questions

Q1. About project and project details
Add your answer
Q2. Why choose this field
Ans. 
Passion for protecting data and systems from cyber threats.
• Fascination with technology and computers

• Desire to protect individuals and organizations from cyber attacks

• Opportunity for continuous learning and growth in a rapidly evolving field
Answered by AI
Add your answer

Q1. Why choose this company
Ans. 
I choose this company for its strong reputation, innovative cybersecurity solutions, and commitment to employee growth.
• Strong reputation in the cybersecurity industry

• Innovative cybersecurity solutions that stay ahead of emerging threats

• Commitment to employee growth and development

• Positive company culture and work environment
Answered by AI
Add your answer
Q2. Is there any other question
Add your answer