EY Global Delivery Services ( EY GDS) Director Interview Questions and Answers

Q1. I have appeared for statutory audit interview in January 2021. Questions were based on Ind AS 116 115 EPS, Inventory , CARO, IFC, Controls Etc. Articleship experience in detail.( All type of worked carried...read more
Add your answer

Can artifical intelligence replace humans

Q1. Resume based interview
Add your answer
Q2. What is your job role
Add your answer
Q3. Hobbies and deep discussion about it
Add your answer

Q1. Ind as 115 5 step model
Add your answer
Q2. Ind as 116 - finance and operating lease Lease term
Add your answer
Q3. Ind as 109- recognition of Financial asset, Financial Liability and equity.
Ans. 
Ind AS 109 prescribes the principles for recognition, measurement, presentation and disclosure of financial assets, financial liabilities and equity instruments.
• Ind AS 109 applies to all financial instruments except for those specifically excluded.

• Financial assets and liabilities are recognized when the entity becomes a party to the contractual provisions of the instrument.

• Equity instruments are recognized when the ent...read more
Answered by AI
Add your answer

Q1. Tell me about Yourself
Add your answer
Q2. What are financial statement
Ans. 
Financial statements are reports that show the financial performance and position of a company.
• Financial statements include the balance sheet, income statement, and cash flow statement.

• They provide information on a company's revenue, expenses, assets, liabilities, and equity.

• Investors and creditors use financial statements to evaluate a company's financial health and make decisions.

• Examples of financial statements incl...read more
Answered by AI
Add your answer
Q3. Schedule 3 of companies act
Ans. 
Schedule 3 of Companies Act is a list of disclosures that companies must make in their financial statements.
• Schedule 3 outlines the minimum disclosures required for companies to comply with the Companies Act.

• It includes information on fixed assets, investments, inventory, debtors, creditors, and more.

• Companies must ensure that their financial statements include all the necessary disclosures as per Schedule 3.

• Failure to...read more
Answered by AI
Add your answer
Q4. Golden rule of accounting
Ans. 
The golden rule of accounting is to maintain a balance between assets, liabilities, and equity.
• Assets = Liabilities + Equity

• This equation must always be balanced in order to ensure accurate financial statements

• Any changes to one side of the equation must be reflected on the other side

• For example, if a company takes out a loan (liability), their assets will increase by the amount of the loan, but their equity will decre
Answered by AI
View 1 more answer
Q5. GST Journal entry with credit purchase
Ans. 
GST journal entry for credit purchase
• Debit the purchase account

• Credit the GST input account

• Credit the supplier account
Answered by AI
View 2 more answers
Q6. What is internal audit
Ans. 
Internal audit is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations.
• Internal audit evaluates the effectiveness of an organization's risk management, control, and governance processes

• It provides recommendations for improvement and helps the organization achieve its objectives

• Examples of internal audit activities include financial audits, operationa
Answered by AI
Add your answer
Q7. Who are the person who can do Internal audit
Ans. 
Internal audit can be done by individuals who possess relevant skills and knowledge.
• Individuals with accounting or finance background

• Certified Internal Auditors (CIAs)

• Individuals with experience in risk management and compliance

• Professionals with knowledge of industry-specific regulations and standards

• Individuals with strong analytical and communication skills

• Examples: Accountants, Auditors, Risk Managers, Compliance O
Answered by AI
Add your answer
Q8. Salary Expectation, what would you prefer
Add your answer

Q1. What is your experience
Add your answer
Q2. What is your salary expectations
Add your answer

Q1. 1. Introduce Yourself 2. CV related questions 3. ISD (GST) 4. GTA (GST) 5. Recent amendments, E-Invoice, Lottery
Add your answer
Q2. How you keep yourself updated with changes.
Add your answer

Q1. Self Introduction and walk through resume
Add your answer

Q1. Basic accounting and reconciliation
Add your answer