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KPMG India Audit Analyst Interview Questions, Process, and Tips

Updated 8 Dec 2024

Top KPMG India Audit Analyst Interview Questions and Answers

  • Q1. What is profit and loss account, financial statement and cash flow statement
  • Q2. What are different elements in cash flow statement and explain them.
  • Q3. What is Bank Reconciliation Statement and state it’s purpose
View all 6 questions

KPMG India Audit Analyst Interview Experiences

7 interviews found

Audit Analyst Interview Questions & Answers

user image KESHAV GULATI

posted on 8 Dec 2024

Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - HR 

(2 Questions)

  • Q1. Tell me about yourself
  • Ans. 

    I am a detail-oriented and analytical professional with a strong background in auditing and financial analysis.

    • I have a Bachelor's degree in Accounting and Finance from XYZ University.

    • I have worked as an Audit Intern at ABC Company, where I gained hands-on experience in conducting financial audits.

    • I am proficient in using auditing software such as ACL and IDEA to analyze data and identify discrepancies.

    • I have excellent...

  • Answered by AI
  • Q2. How you come here

Audit Analyst Interview Questions & Answers

user image PRIYANKA JINDAL

posted on 29 Mar 2024

Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Group Discussion 

Work from home vs in office

Round 2 - One-on-one 

(1 Question)

  • Q1. General accounts questions

Audit Analyst Interview Questions Asked at Other Companies

asked in KPMG India
Q1. What is profit and loss account, financial statement and cash flo ... read more
asked in KPMG India
Q2. What are different elements in cash flow statement and explain th ... read more
asked in KPMG India
Q3. What is Bank Reconciliation Statement and state it’s purpose
asked in Deloitte
Q4. Difference between current and non current in balance sheet
Q5. What is internal audit

Audit Analyst Interview Questions & Answers

user image shubhi sharma

posted on 28 Dec 2022

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
-
Result
Selected Selected

I applied via Campus Placement and was interviewed in Jun 2022. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Group Discussion 

The topic was- do deadline destroy creativity

Round 3 - Personal Interview 

(6 Questions)

  • Q1. 1). Tell me about yourself apart from resume.
  • Ans. 

    I am a detail-oriented and analytical individual with a strong background in auditing and financial analysis.

    • I have a Bachelor's degree in Accounting and have completed several internships in auditing firms.

    • I am proficient in using auditing software and have experience in conducting financial statement analysis.

    • I have excellent problem-solving skills and attention to detail, which are crucial in identifying and resolvi...

  • Answered by AI
  • Q2. 2) what is accounting
  • Ans. 

    Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.

    • Accounting involves keeping track of financial transactions such as sales, purchases, and payments

    • It includes classifying these transactions into categories such as assets, liabilities, and equity

    • The information is then summarized in financial statements such as ...

  • Answered by AI
  • Q3. What is profit and loss account, financial statement and cash flow statement
  • Ans. 

    Profit and loss account, financial statement, and cash flow statement are all important financial documents used to track a company's financial performance.

    • Profit and loss account shows a company's revenues, expenses, and net income or loss over a specific period of time.

    • Financial statements provide a comprehensive overview of a company's financial health, including its assets, liabilities, and equity.

    • Cash flow stateme...

  • Answered by AI
  • Q4. What are different elements in cash flow statement and explain them.
  • Ans. 

    The cash flow statement has three main elements: operating activities, investing activities, and financing activities.

    • Operating activities: cash inflows and outflows from the company's core business operations, such as sales and expenses.

    • Investing activities: cash inflows and outflows from investments, such as buying or selling property, plant, and equipment.

    • Financing activities: cash inflows and outflows from financin...

  • Answered by AI
  • Q5. Sales and purchase account entry
  • Ans. 

    Sales and purchase account entry

    • Sales account entry records revenue generated from sales

    • Purchase account entry records expenses incurred from purchases

    • Both accounts are used to calculate net income or loss

    • Sales account is credited and purchase account is debited

  • Answered by AI
  • Q6. What is Bank Reconciliation Statement and state it’s purpose
  • Ans. 

    Bank Reconciliation Statement is a document that compares the bank statement with the company's records.

    • It helps to identify any discrepancies between the two records.

    • It ensures that all transactions are recorded accurately.

    • It helps to detect any fraudulent activities.

    • It is prepared at regular intervals, usually monthly.

    • Example: If a company issues a check but it has not yet cleared the bank, it will be reflected in th...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - I would say brush up your account concept, be honest in the interview and show that you are committed in the job profile.

Audit Analyst Interview Questions & Answers

user image Anonymous

posted on 18 Mar 2023

Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Properly align and format text in your resume. A recruiter will have to spend more time reading poorly aligned text, leading to high chances of rejection.
View all tips
Round 2 - HR 

(1 Question)

  • Q1. Tell me about yourself Past internship experience
Round 3 - Technical 

(1 Question)

  • Q1. About audit Cash flow PL account

Interview Preparation Tips

Interview preparation tips for other job seekers - Be thorough with your basics and read the job description carefully

KPMG India interview questions for designations

 Audit Associate

 (18)

 Audit Executive

 (5)

 Audit Assistant

 (4)

 Accountant & Audit

 (1)

 Senior Audit Executive

 (2)

 Assistant Manager - Audit

 (1)

 Accounts & Audit Assistant

 (1)

 Internal Audit Executive

 (1)

Audit Analyst Interview Questions & Answers

user image Saurabh Bagade

posted on 22 Mar 2022

I applied via Referral and was interviewed in Sep 2021. There were 2 interview rounds.

Round 1 - HR 

(3 Questions)

  • Q1. Why are you looking for a change?
  • Q2. Share details of your previous job.
  • Q3. Tell me about yourself.
Round 2 - One-on-one 

(6 Questions)

  • Q1. Tell me about yourself?
  • Q2. Why do you want to join KPMG?
  • Q3. Do you know about GST?
  • Ans. 

    Yes, GST stands for Goods and Services Tax.

    • GST is a tax system implemented in India in 2017.

    • It replaced multiple indirect taxes like VAT, excise duty, etc.

    • It is a destination-based tax system, meaning the tax is collected where the goods or services are consumed.

    • There are four tax slabs under GST - 5%, 12%, 18%, and 28%.

    • GST has simplified the tax system and made it easier for businesses to comply with tax regulations.

  • Answered by AI
  • Q4. Few journal entries asked
  • Q5. Why suddenly changing the career to the audit?
  • Q6. What do you know about auditing?
  • Ans. 

    Auditing is the process of examining financial records to ensure accuracy and compliance with laws and regulations.

    • Auditing involves reviewing financial statements, records, and transactions.

    • It is done to ensure that financial information is accurate and reliable.

    • Auditors also check for compliance with laws and regulations.

    • There are different types of audits, such as internal, external, and forensic audits.

    • Auditing is ...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be clear why are you here, and be humble and polite if you don't know anything simply tell them that you don't know and will work on it.

Get interview-ready with Top KPMG India Interview Questions

Audit Analyst Interview Questions & Answers

user image Anonymous

posted on 27 Jul 2022

I applied via Campus Placement and was interviewed before Jul 2021. There were 3 interview rounds.

Round 1 - Aptitude Test 

The Aptitude Test consisted of 3 Sections namely; Quant, English and Logical Reasoning.

Round 2 - Group Discussion 

We were a group of 7-8 who were given a particular topic to think of in 2 minutes and then start the group discussion for around 10-15 minutes.

Round 3 - Technical 

(1 Question)

  • Q1. Certain interview questions like Introduce yourself and Various accounting questions were asked.

Interview Preparation Tips

Interview preparation tips for other job seekers - Always wear Formals for all rounds of the interview. Be confident and don't hesitate to share your points in the Group discussion round. Please be honest in the personal interview round and do not fake anything.

Audit Analyst Jobs at KPMG India

View all

Audit Analyst Interview Questions & Answers

user image Anonymous

posted on 20 Mar 2022

I applied via Referral and was interviewed before Mar 2021. There were 4 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Aptitude Test 

It comprised of logical reasoning, basic maths, english language

Round 3 - Group Discussion 

Current topic

Round 4 - One-on-one 

(2 Questions)

  • Q1. Technical round on basic accounting
  • Q2. Passing of journal entries, trial balance and basic computer skills

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident that will do the things

Interview questions from similar companies

Consultant Interview Questions & Answers

BCG user image Neha Kalra

posted on 21 Dec 2015

I applied via Walk-in

Interview Questionnaire 

7 Questions

  • Q1. Girls on the manufacturing floor”
  • Q2. Manufacturing as a career
  • Ans. 

    Manufacturing offers diverse career opportunities in various industries.

    • Manufacturing provides a wide range of job roles, from production line workers to engineers and managers.

    • It offers opportunities to work in different industries such as automotive, electronics, pharmaceuticals, and more.

    • Manufacturing careers often involve problem-solving, innovation, and continuous improvement.

    • There are various specializations with...

  • Answered by AI
  • Q3. Why MBA?
  • Ans. 

    An MBA will provide me with the necessary skills, knowledge, and network to excel in the business world.

    • Acquire essential business knowledge and skills such as finance, marketing, and strategy

    • Develop leadership and management abilities through practical projects and case studies

    • Expand professional network through interactions with classmates, alumni, and industry professionals

    • Enhance career opportunities and earning po

  • Answered by AI
  • Q4. Why ISB?
  • Ans. 

    ISB offers a diverse and rigorous curriculum, top-notch faculty, strong alumni network, and excellent career opportunities.

    • ISB's diverse student body and faculty bring a global perspective to the learning experience.

    • The school's rigorous curriculum ensures students are well-prepared for the challenges of the business world.

    • ISB's strong alumni network provides valuable connections and support for career advancement.

    • The ...

  • Answered by AI
  • Q5. “there is a company in the telecom sector and has a product “X” – this X is a necessity in telecom and the company has been making good profits for the last 4 years – like 40% gross margin.. and now sudden...
  • Ans. 

    The CEO should diversify the company's product portfolio and explore new markets to overcome the stagnant revenue and profits in the telecom sector.

    • Diversify the product portfolio to reduce reliance on a single product

    • Explore new markets and industries where the product can be applicable

    • Invest in research and development to innovate and create new products

    • Improve marketing and sales strategies to reach a wider customer...

  • Answered by AI
  • Q6. “”Our client is in telecom, profitability is at 10% and they want 25%.. what should they do? ”
  • Ans. 

    To increase profitability from 10% to 25%, the telecom client should focus on cost reduction, revenue growth, and operational efficiency.

    • Identify and reduce unnecessary costs and expenses

    • Increase pricing or introduce new revenue streams

    • Improve customer retention and acquisition

    • Optimize operational processes and streamline workflows

    • Invest in technology and innovation to drive efficiency

    • Explore partnerships or mergers to...

  • Answered by AI
  • Q7. “Tata is coming with nano, what do you think it’s a threat or an opportunity for other players in the market..”
  • Ans. 

    The Tata Nano can be seen as both a threat and an opportunity for other players in the market.

    • Threat: The Tata Nano's low price and affordability may attract customers away from other players in the market.

    • Opportunity: The introduction of the Tata Nano may stimulate overall demand for small, affordable cars, benefiting all players in the market.

    • Threat: Other players may need to lower their prices or introduce competiti...

  • Answered by AI

Interview Preparation Tips

Round: Case Study Interview
Experience: I asked him about the product X? and how important it is for the telecom service providers? is it a big part of their costs ? – he said some arbit stuff – this was a hint that it was a bigger overall strategy case and not into details – so I defined the case as – the CEO wants to know, what to do to increase the profits both in short and long term – he said yes - I immediately moved to the standard profit loss framework and started looking at revenue first - he said OK – I said profit = Price* Quantity and went to pricing... he had said that the telecom service providers were not very sensitive to pricing in the business.. so I dint come to reducing the pricing... I asked about the competitive landscape – our client is 35% business... it went on and on an on ..... could not reach anywhere.. so we went to costs... discussed everything.. excess capacity.. joint ventures.. MnA,..still nothing..so he said.(the discussion was a very intelligent substance discussion.. not general profit loss cases.). – we had a great discussion on both prices and quantity,, why don’t u see decreasing the price – I said.. “ooooooo I thot of it, but then u said that the players are insensitive to price “ - he said “ they WERE, the whole industry as I told u is seeing some problems” – PICK UP THE HINTS... -- once he said this I went to the cost structure of the firm again – I said that our client can play price war only if a) his variable costs are lower than competitors variable costs and he is playing on high investment low variable cost model (reliance model) – he said YES it is exactly this way – I said OK , then let him price X above his variable cost but below the others variable costs and drive the competition away. – I also said, to speeden this up he should in fact price it lower than his variable costs also (extremely low and he can afford it because he has cash with him as he has been on 40% profits for the last 4 – 5 years.. so there should not be an issue on the working capital side – he sair “great” .. he wanted to stop and asked me to summarize the case.. – I summarized the case, and also gave some more ideas like .. seeing the cost and benefit of doing away with excess capacity rite now and adding again when the market is doing good, buying high fixed cost players in the sector.. etcc etc.. a lot more.. – he patiently listened to everything Then he asked me if I had anything to ask him? I asked similar question as I asked in Mck – “ has India become a net contributor to the knowledge base..- he told me about low cost Indian manufacturing.. I said cool... and he said super cool!
Tips: a) work on your resume b) Make the resume in such a way that irrespective of whatever – the you are able to guide the interviewer to THE thing you want to talk about – link all answers to that DO NOT OVERPREPARE – DON’T LOOSE YOUR NATURAL SELF

Round: Case Study Interview
Experience: Upfront questions – where in the value chain? – ans.. they make towers and maintain them .. and into providing services too.—so I asked details on the portfolio of services and portfolio of work of tower etc. – he gave me everything including margins.. so margins in tower making etc were low – I asked him if he is sure that its not just an accounting issue.—he appreciated the point and said .. no, they do ABC and might be small accounting issues but not really one—I said ok.. and moved on to profitability framework .. revenue – costs --- so I said we will look at the tower making etc.. (pareto) – he said perfect.. – went to revenue... he hinted therez nothing there , I said great! Jumped to costs (didn’t waste time at all) - asked him costs heads .. he gave the following .. – a) Tower making, b) people c) administration (I don’t remember the terminology correctly but the remember the discussion) Discussion on tower making – I said “ so Navneet, what does it include” – he said making and servicing and maintaining and some back office work – so I said following can be wrong (BE CREATIVE, I started throwing solutions/ideas) (i) are the people skilled? Know how much material are they using (extra material = extra cost) (ii) is the quality of material too high (more than required quality increases the costs) (iii) is there rework happening? – are people good?(iv) What kind of designs are there – he said there are various different types of designs – I asked why? – he said no one knows – I said .. are they required? – he said , no – I said then standardize the design! He looked happy – so I started throwing more ! – he said no, lets move on to other ones Discussion on people – people cost = wage * numbera) are outsourced people expensive – yes they are – are they doing some specialized job? – not really, they can be replaced – then replace them b) can we multiskill people – yeah we can – then do that! c) Can we move our service centers to low cost destinations – yes we can d) Can we reallocate people to reduce number of people – yes we can – but can we fire them? – are they unionized? – yes they are and he appreciated the point that I touched upon the fact that the unions are tough to handle ( learning : know your industry, small things can make you win the case Discussion on administration a) planning happening ok? – no – so scheduling, audits have to be done again and again (I did not come up with this point alone. It was a result of a thorough discussion .

Round: Case Study Interview
Experience: i said – its an opportunity (no structure , we were taking a walk after all) because it opens up a full market – he said ‘ what shud the competitors do” – I kept on saying a lot of things... - they should lobby with government to stop this .. bla bla bla bla – the discussion was round and round and round.. I was tired with my high heels—then suddenly I said – Arvind can you tell me if I am on the right track ? , am little tired – he smiled and said, ok I again ask you “ what can they do to stop the nano or get ready for the market” – this statement gave me clarity and I said “ ok we can stop nano from coming, or do some other stuff” – he said great , so lets discuss both one by one – (remember that once you asked for clarity then you have to crack the rest of the case, else you are dead) –so I picked up stopping nano to hit the market discussion on stopping Nano to hit the market –
(i) demand side hit – lobby with the activists and say that the infrastructure isn’t ready and hence nano should not be allowed ( he liked it)
(ii) demand side hit -Increase the advertisements on how “Indians have to be sensitive about infrastructure” ( he liked it)
(iii) supply side hit – can we buy out the suppliers? – can we promise them some other meat? – like get them under long term agreements etc
(iv) Supply side hit – can we buy out the low cost suppliers to tatas ( I told them, that my thinking was to stop providing necessary materil that gets into nana
(v) Supply side – can we buy their engineers
(vi) And some more discussion, I don’t quite remember .but ya on similar lines What else they can do till they develop their own low cost (i) can they give fire to second hand car market ( as this is the immediate competition to nano) (ii) he kept on probing me on public transport till I said – why cant they collaborate with the government and make the public transport so easy and good and safe that people don’t need nano! BINGO.. ( he loved it- tho he only got that in my head – amazing guide he is) he still looked dissatisfied and asked me there is something else that is missing.. – something that is a real threat to the competitors of tatas. – we kept on discussing, till I suddenly remembered the team that made the engine is of 30 years average age (READ THE CURRENT ISSUES, IT HELPS BUILD PERSPECTIVE) – so I said “ they have the engineering skills, which can be used to enter other segments (like they can make cheaper engines for indigo .. or come up with new car in ford Ikon category etc).. and this resource is just too good! – BINGO
Tips: a) Be genuine b) Be grounded c) Be yourself d) Be confident e) Be transparent f) Be blunt (but carry it ) g) Connect with the interviewer – genuinely h) Be aware of the current issues

Skills: Case Solving Ability, Case Analysis
College Name: Indian School Of Business (ISB)

Analyst Interview Questions & Answers

TCS user image Anonymous

posted on 9 May 2022

I applied via Walk-in and was interviewed before May 2021. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Technical 

(1 Question)

  • Q1. Basic tech questions to medium hard
Round 3 - HR 

(1 Question)

  • Q1. Negotiation is the main part of you have a offer it's better

Interview Preparation Tips

Interview preparation tips for other job seekers - Questions from resume and walk-ins have more chance

Associate Interview Questions & Answers

PwC user image Anonymous

posted on 10 May 2018

I applied via Approached by Company and was interviewed in Aug 2017. There were 5 interview rounds.

Interview Questionnaire 

2 Questions

  • Q1. Solve few SQL joins.
  • Q2. .Net developer profile and the technologies I can get, everything was eye wash post joining

Interview Preparation Tips

Round: Manager + Lead round (not sure what kind of round is this)
Experience: details about the work profile, most of which never happened post joining.

General Tips: If you come from technical background, please do not join PwC SDC and jeopardize our career. There is no technical setup, neither any infrastructure, technical work wont just happen except for few bits n pieces UI work here n there. This is not a company for technical people.
Skills: Communication
Duration: 1-4 weeks

KPMG India Interview FAQs

How many rounds are there in KPMG India Audit Analyst interview?
KPMG India interview process usually has 2-3 rounds. The most common rounds in the KPMG India interview process are Group Discussion, One-on-one Round and HR.
How to prepare for KPMG India Audit Analyst interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at KPMG India. The most common topics and skills that interviewers at KPMG India expect are Accounting, Auditing, Accounts Finalisation, Accounts and Finance and Balance Sheet.
What are the top questions asked in KPMG India Audit Analyst interview?

Some of the top questions asked at the KPMG India Audit Analyst interview -

  1. What is profit and loss account, financial statement and cash flow statem...read more
  2. What are different elements in cash flow statement and explain th...read more
  3. What is Bank Reconciliation Statement and state it’s purp...read more

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KPMG India Audit Analyst Interview Process

based on 5 interviews

1 Interview rounds

  • Resume Shortlist Round
View more

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KPMG India Audit Analyst Salary
based on 196 salaries
₹2.3 L/yr - ₹6 L/yr
12% less than the average Audit Analyst Salary in India
View more details

KPMG India Audit Analyst Reviews and Ratings

based on 20 reviews

4.0/5

Rating in categories

3.9

Skill development

3.6

Work-life balance

3.4

Salary

4.2

Job security

3.8

Company culture

3.4

Promotions

3.4

Work satisfaction

Explore 20 Reviews and Ratings
Audit Analyst

Pune,

Ahmedabad

+1

0-2 Yrs

₹ 1-3 LPA

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