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

Q1. Recent Amendments in income tax act
Ans. 
Recent amendments in income tax act aim to simplify tax filing and increase compliance.
• Introduction of new tax regime with lower tax rates but without exemptions and deductions

• TDS on cash withdrawals above a certain limit

• Increased penalty for not filing income tax returns on time

• Introduction of faceless assessment and appeal process

• Relaxation in tax residency rules for NRIs

• Tax exemption for sovereign wealth funds inves...read more
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Q1. Tell me about yourself?
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Experienced customer support executive with a passion for helping customers and resolving issues efficiently.
• Over 5 years of experience in customer support roles

• Strong communication and problem-solving skills

• Ability to handle high-pressure situations and difficult customers

• Proficient in using CRM systems and ticketing platforms

• Received multiple awards for outstanding customer service
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Q2. I give the self introduction.
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Q1. Why do you want to join our company?
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I am impressed by your company's reputation for excellent customer service and innovative solutions.
• I have heard great things about your company's commitment to customer satisfaction

• I am excited about the opportunity to work with a team that values creativity and problem-solving

• Your company's focus on innovation and growth aligns with my career goals
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Q2. I tell them the reason.
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Q1. About Yourself, Education, Family and Topics on anything
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Q1. Same as HR round
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Accounting book maintain at gujarat minarat development corporation limited, (goverment company) Internal audit, statutory audit, tax audit,

Coating related discussion and cost cutting witch area are highly coasting so i reducing the cost this side and proper prepare presentation to my bos

Journal entries and email draftings.

Q1. What is accrual accounting
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Q2. How is sales return treated
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Q1. What is auditing and assurance
Ans. 
Auditing and assurance are processes that ensure the accuracy and reliability of financial information.
• Auditing involves examining financial records and statements to ensure they are accurate and comply with accounting standards.

• Assurance involves providing an independent opinion on the accuracy and reliability of financial information.

• Both auditing and assurance are important for maintaining the integrity of financial...read more
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Q2. What is performance materiality
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Performance materiality is the amount set by the auditor at less than materiality for the financial statements as a whole.
• It is the amount set by the auditor for the financial statements as a whole

• It is set at less than materiality

• It is used to reduce the risk of material misstatement

• It is used to determine the nature, timing, and extent of audit procedures

• Example: If materiality is $100,000, performance materiality ma
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Q3. What are the important areas you will audit for a banking industry
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Important areas to audit in banking industry
• Compliance with regulatory requirements

• Risk management practices

• Internal controls and governance

• Financial reporting accuracy

• Cybersecurity measures

• Customer data protection

• Anti-money laundering measures
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Reasoning and general accounting

Q1. Personal interview
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Q1. About working environment and salary discussion
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