KPMG India Interview Questions, Process, and Tips

Q1. What is kyc and transaction monitoring?
Ans. 
KYC (Know Your Customer) is the process of verifying the identity of clients, while transaction monitoring involves tracking and analyzing transactions to detect suspicious activities.
• KYC is a regulatory requirement to prevent money laundering and terrorist financing.

• It involves collecting personal information and verifying the identity of customers.

• Transaction monitoring is the process of tracking and analyzing transa...read more
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Q2. Explain the process of kyc
Ans. 
KYC (Know Your Customer) is a process used by financial institutions to verify the identity of their clients.
• Collecting personal information from clients

• Verifying the authenticity of the information provided

• Assessing the risk of illegal activities such as money laundering or fraud

• Monitoring transactions for suspicious activities

• Updating customer information regularly
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Q3. What is Pep screening ?
Ans. 
PEP screening is a process used to identify potential employees who are likely to be successful in a particular role.
• PEP screening involves assessing candidates based on their skills, experience, and personality traits.

• It helps employers make informed hiring decisions and reduce turnover rates.

• Examples of PEP screening methods include behavioral assessments, cognitive tests, and job simulations.
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Q4. What are the required documents
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Q5. Bsa act and us patriotact
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Pseudo code and Aptitude with English test

Q1. Some technical questions depends upon your resume
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Q2. Explain about your projects
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Q1. What is Salesforce service cloud
Ans. 
Salesforce Service Cloud is a customer service platform that helps businesses manage and improve customer interactions.
• It allows businesses to provide personalized customer support through various channels such as phone, email, chat, and social media.

• Service Cloud includes features like case management, knowledge base, and omni-channel routing to streamline customer service processes.

• It integrates with other Salesforce...read more
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Q2. How do you rate your self in coding
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Q3. Salesforce Security model question
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Q4. Have you worked on flows
Ans. 
Yes, I have worked on flows in Salesforce.
• I have experience creating flows to automate business processes in Salesforce.

• I have used flows to streamline data entry and update records efficiently.

• I have integrated flows with other Salesforce features like Process Builder and Apex triggers.
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Q5. Mostly asked what you mentioned in your resume
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Q1. Write trigger on parent child scenario
Ans. 
Writing trigger on parent child scenario in Salesforce
• Create trigger on parent object

• Use trigger context variables to access child records

• Perform necessary operations on child records based on parent record changes
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Q2. Wha are important feature of service cloud, LWC decorators, events in lwc, asynchronous apex , batch class, flows and its type , experience cloud basics .
Ans. 
Service Cloud features, LWC decorators, events, asynchronous apex, batch class, flows, and experience cloud basics.
• Service Cloud features include case management, knowledge base, omni-channel routing, and service console.

• LWC decorators are used to add metadata to Lightning web components, such as @api, @track, and @wire.

• Events in LWC are used for communication between components, such as standard events like onchange a...read more
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Q3. Expectations was user should know each and every topic of Salesforce
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Q1. Questions based on a case study related to consolidation and recording JEs for different transactions individually and for the group consolidated statement.
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Q2. Give a practical example of common control business combination.
Ans. 
A common control business combination occurs when two or more businesses are under the control of the same parent company.
• In a common control business combination, the parent company has the ability to direct the operating and financial policies of the businesses.

• This type of combination typically involves businesses that are owned by the same group of shareholders or have the same management team.

• Common control busine...read more
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Q1. How to calculate EIR for a loan taken
Ans. 
Effective Interest Rate (EIR) for a loan can be calculated using a formula that considers the loan amount, interest rate, and repayment schedule.
• Calculate the present value of all cash flows associated with the loan, including both principal and interest payments

• Determine the interest rate that equates the present value of cash flows to the loan amount

• The formula for EIR calculation is complex and typically requires th...read more
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Q2. What is audit trail.
Ans. 
An audit trail is a chronological record of all activities related to a specific operation or event.
• It provides a detailed history of changes made to data, including who made the changes and when.

• Audit trails are commonly used in financial audits to track transactions and ensure accuracy.

• They help in detecting errors, fraud, or unauthorized activities by providing a trail of evidence.

• Audit trails are essential for main...read more
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