KPMG India Audit Analyst Interview Questions, Process, and Tips

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...read more
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Q2. How you come here
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Work from home vs in office

Q1. General accounts questions
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The topic was- do deadline destroy creativity

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...read more
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Q2. 2) what is accounting
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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 ...read more
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Q3. What is profit and loss account, financial statement and cash flow statement
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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...read more
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Q4. What are different elements in cash flow statement and explain them.
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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...read more
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Q5. Sales and purchase account entry
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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
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Q6. What is Bank Reconciliation Statement and state it’s purpose
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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...read more
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Q1. Tell me about yourself Past internship experience
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Q1. About audit Cash flow PL account
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