KPMG India Staff Accountant 1 Interview Questions, Process, and Tips

Q1. Tell us something about yourself
Ans. 
I am a detail-oriented and dedicated accounting professional with a strong work ethic and a passion for numbers.
• I have a Bachelor's degree in Accounting from XYZ University

• I have 2 years of experience working as an accounting intern at ABC Company

• I am proficient in using accounting software such as QuickBooks and Excel

• I have strong analytical skills and attention to detail

• I am a team player and enjoy collaborating with
Answered by AI
Add your answer
Q2. Would you like to take up tax roles if audit is not available
Ans. 
Yes, I am open to taking up tax roles if audit opportunities are not available.
• I have a strong foundation in accounting principles and tax regulations

• I am willing to learn and adapt to new roles and responsibilities

• Taking up tax roles can provide me with valuable experience and broaden my skill set
Answered by AI
Add your answer

Q1. Provisions of Tax
Ans. 
Provisions of Tax refer to estimated amounts set aside to cover potential future tax liabilities.
• Provisions of Tax are made based on current tax laws and regulations.

• They are recorded as liabilities on the balance sheet until the actual tax liability is determined.

• Examples include provisions for income tax, sales tax, and property tax.

• Provisions of Tax help companies avoid unexpected tax bills and ensure compliance wit
Answered by AI
Add your answer
Q2. Any case law related to direct tax laws
Add your answer

General knowledge
GST
TAX
Audit

Q1. What are the different types of opnion?
Ans. 
Different types of opinions in accounting
• Unqualified opinion - financial statements are fairly presented

• Qualified opinion - financial statements are fairly presented except for a specific issue

• Adverse opinion - financial statements are not fairly presented

• Disclaimer of opinion - auditor is unable to express an opinion due to lack of information or other limitations

• Opinion on internal controls - auditor's assessment of ...read more
Answered by AI
Add your answer
Q2. What are the CARO requirements?
Ans. 
CARO requirements refer to the Companies (Auditor's Report) Order, which outlines the audit requirements for companies in India.
• CARO requirements were introduced in 2015 and have been updated periodically since then.

• The requirements cover areas such as financial statements, internal controls, and compliance with laws and regulations.

• Auditors must provide a report on whether the company has complied with the CARO requir...read more
Answered by AI
Add your answer