KPMG India Associate Consultant Interview Questions, Process, and Tips

A news paper article involving money laundering and shell company issues were given to summarize. There were three paragraphs in total and we were asked to summarize it concisely

Q1. What is due diligence?
Ans. 
Due diligence is the process of investigating and evaluating a business or person before entering into a contract or agreement.
• Involves gathering and analyzing relevant information

• Helps in assessing risks and opportunities

• Ensures compliance with regulations and standards

• Common in mergers and acquisitions, investments, and partnerships
Answered by AI
Add your answer
Q2. What is money laundering?
Ans. 
Money laundering is the illegal process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to have come from a legitimate source.
• Money laundering involves disguising the origins of illegally obtained money by passing it through a complex sequence of banking transfers or commercial transactions.

• It typically involves three stages: placement, layering, ...read more
Answered by AI
Add your answer
Q3. What do you mean by a shell company?
Ans. 
A shell company is a business that exists only on paper and has no significant assets or operations.
• Shell companies are often used for illegal activities such as money laundering or tax evasion.

• They can also be used for legitimate purposes such as holding assets or facilitating business transactions.

• Shell companies typically have minimal employees and physical presence.

• Examples of shell companies include those set up i...read more
Answered by AI
Add your answer
Q4. Why is due diligence necessary?
Ans. 
Due diligence is necessary to assess risks, verify information, and make informed decisions.
• To identify potential risks and liabilities associated with a business transaction or investment.

• To verify the accuracy of information provided by the other party.

• To evaluate the financial health and performance of a company.

• To ensure compliance with legal and regulatory requirements.

• To make informed decisions based on reliable ...read more
Answered by AI
Add your answer

Q1. Tell me about yourself
Ans. 
I am a highly motivated and detail-oriented individual with a strong background in consulting.
• Bachelor's degree in Business Administration

• Experience in analyzing data and providing strategic recommendations

• Strong communication and problem-solving skills

• Worked on a project that resulted in a 20% increase in client revenue
Answered by AI
Add your answer
Q2. What is due diligence?
Ans. 
Due diligence is a comprehensive investigation and analysis of a company or individual before entering into a business transaction.
• It involves gathering and reviewing relevant information about the company or individual.

• Due diligence helps identify potential risks, liabilities, and opportunities.

• It includes examining financial records, legal documents, contracts, and conducting interviews.

• Due diligence is crucial in me...read more
Answered by AI
Add your answer
Q3. Do you have good writing skills?
Add your answer
Q4. How good are you observation skills?
Add your answer

Q1. Difference between limitation of liability and indemnfication clause
Ans. 
Limitation of liability caps the maximum amount a party can be liable for, while indemnification clause requires one party to compensate the other for losses.
• Limitation of liability sets a maximum cap on the amount of damages a party can be liable for in case of breach or negligence.

• Indemnification clause requires one party to compensate the other for losses, damages, or liabilities incurred as a result of a specific e...read more
Answered by AI
Add your answer

Q1. Oracle Cloud Payroll core concepts like payroll setups, elements working/setup, Calculation cards, costing, Fast formula.
Add your answer
Q2. US payroll taxes (employee and employer)and 401k rules and types.
Ans. 
US payroll taxes and 401k rules and types.
• US payroll taxes include Social Security tax, Medicare tax, and federal income tax.

• Employers are responsible for withholding and paying payroll taxes on behalf of their employees.

• 401k plans are retirement savings plans that allow employees to contribute a portion of their pre-tax income.

• There are two types of 401k plans: traditional and Roth.

• Traditional 401k plans allow for pre...read more
Answered by AI
Add your answer
Q3. US legislative rule and state tax rules
Add your answer
Q4. Employee W2 and year end processing in US.
Add your answer
Q5. Real time projects requirements questions and we have to propose solutions.
Add your answer

I gave my interview during Campus Placement for Associate Consultant in Deal Advisory Services at KPMG Global Services.
First round which was before Resume screening was aptitude test.
Not very difficult basic Maths, English and Logical reasoning.

Q1. Walk me through your CV.
Ans. 
I have a diverse background with experience in consulting, project management, and data analysis.
• Bachelor's degree in Business Administration with a focus on Management

• Worked as a consultant at XYZ Consulting, where I helped clients improve their operational efficiency

• Managed multiple projects simultaneously, ensuring timely delivery and client satisfaction

• Analyzed data to identify trends and provide insights for decis...read more
Answered by AI
Add your answer
Q2. Without the help of internet help me calculate the no. of white cars sold in Mumbai every year. Not the method as to how you calculate the figure.
Ans. 
It is not possible to calculate the number of white cars sold in Mumbai every year without the help of internet.
• Without internet, it is impossible to access the necessary data and statistics.

• The number of white cars sold in Mumbai can vary greatly from year to year.

• Data on car sales is typically collected and analyzed using online platforms and databases.

• Without internet, it is difficult to gather information from car ...read more
Answered by AI
View 1 more answer
Q3. Tell me how many Reynolds pen are sold in Gurgaon every year.
Ans. 
It is not possible to accurately determine the number of Reynolds pens sold in Gurgaon every year without specific sales data.
• The sales data of Reynolds pens in Gurgaon is not publicly available.

• The number of Reynolds pens sold can vary each year due to factors such as market demand and competition.

• To determine the exact number, one would need access to sales records or conduct a market research study.

• Without specific ...read more
Answered by AI
View 1 more answer
Q4. What is financial modelling and why do you require it?
Ans. 
Financial modelling is the process of creating a mathematical representation of a financial situation or decision.
• It involves using various financial tools and techniques to analyze and forecast financial performance.

• It helps in making informed decisions about investments, budgeting, and financial planning.

• Examples include creating a cash flow statement, calculating return on investment, and building a financial model
Answered by AI
Add your answer

Q1. While working late at night, you figure out that the data available with you has something missing. You've been working on the data for the last 2 weeks. You don't see any senior around in office to help y...read more
Ans. 
Assess the situation, try to find the missing data, and if not possible, inform the client and senior management.
• Check if the missing data can be retrieved from any other source or system

• If not, assess the impact of missing data on the project and client's requirements

• If the impact is significant, inform the client and senior management immediately

• If the impact is minimal, complete the project with available data and i...read more
Answered by AI
View 1 more answer
Q2. Once you've tackled this situation you understand that the missing data was a fault of the client. How do you convey it to them?
Ans. 
I would approach the situation with empathy and tact, while clearly communicating the issue and offering solutions.
• Acknowledge the client's frustration and apologize for any inconvenience caused.

• Explain the issue in a clear and concise manner, without placing blame.

• Offer solutions or alternatives to obtain the missing data, such as requesting it from another source or using estimates.

• Ensure the client understands the i...read more
Answered by AI
Add your answer
Q3. What if it was your own mistake?
Ans. 
I would take responsibility for my mistake and take immediate action to rectify it.
• Acknowledge the mistake and take ownership

• Apologize and communicate the mistake to relevant parties

• Analyze the mistake to understand the root cause

• Develop a plan to rectify the mistake

• Implement the plan and monitor progress

• Learn from the mistake to prevent it from happening again
Answered by AI
Add your answer
Q4. What if it was your boss's mistake?
Ans. 
I would approach the situation professionally and respectfully address the mistake with my boss.
• Acknowledge the mistake and gather all relevant information

• Discuss the issue privately with my boss

• Offer potential solutions or suggestions to rectify the mistake

• Maintain a positive and collaborative attitude throughout the conversation
Answered by AI
Add your answer

Q1. Will you be comfortable working in Mumbai?
Ans. 
Yes, I will be comfortable working in Mumbai.
• I am familiar with the city and its culture.

• I have previously worked in Mumbai and enjoyed the experience.

• I am open to new opportunities and challenges in different locations.
Answered by AI
Add your answer
Q2. How do you see your career path at our firm?
Ans. 
I see my career path at your firm as a journey of continuous growth and development.
• I envision myself starting as an Associate Consultant and gradually progressing to higher roles such as Senior Consultant or Manager.

• I am eager to take on new challenges and responsibilities, and I believe your firm provides ample opportunities for professional advancement.

• I plan to enhance my skills and knowledge through training progr...read more
Answered by AI
Add your answer

Q1. Work experience
Add your answer

Q1. What did you do in your all previous company
Add your answer
Q2. Question Sap T codes
Add your answer