KPMG India Interview Questions, Process, and Tips

Basic numerical and language test.

Q1. What do you know about AML?
Add your answer
Q2. Why do companies use KYC?
Ans. 
Companies use KYC to verify the identity of their customers and comply with regulations.
• KYC helps companies prevent fraud and financial crimes.

• KYC also helps companies build trust with their customers.

• KYC is required by law in many countries to prevent money laundering and terrorist financing.

• KYC can also help companies better understand their customers and tailor their products and services to their needs.

• Examples of ...read more
Answered by AI
Add your answer
Q3. What is Customer Due Diligence (CDD)?
Ans. 
CDD is the process of verifying the identity of a customer and assessing their risk level.
• CDD is a key component of AML compliance.

• It involves collecting and verifying customer information, such as name, address, and date of birth.

• CDD also involves assessing the risk level of the customer based on factors such as their occupation, source of funds, and geographic location.

• The level of CDD required may vary depending on ...read more
Answered by AI
Add your answer

It was a written aptitude test

Q1. Asked basic accounting questions and current Tax law changes
Add your answer
Q2. Journal entry for depreciation of an asset
Ans. 
Depreciation of an asset is recorded in a journal entry to allocate the cost of the asset over its useful life.
• Debit the Depreciation Expense account to recognize the expense

• Credit the Accumulated Depreciation account to reduce the asset's carrying amount

• Include the date, description of the asset, amount of depreciation, and any relevant calculations

• Journal entry should follow the double-entry accounting system
Answered by AI
Add your answer
Q3. Golden rules of accounting
Ans. 
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The three golden rules of accounting are: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains.

• These rules help ensure accurate recording of financial transactions and maintain the balance in the accounting equation.

• For example, when a ...read more
Answered by AI
Add your answer
Q4. Journal entry for purchase of an asset
Ans. 
Journal entry for purchase of an asset involves debiting the asset account and crediting the cash or accounts payable account.
• Debit the asset account for the cost of the asset

• Credit the cash or accounts payable account for the same amount

• Include a description of the asset purchased in the journal entry

• Ensure the entry follows the double-entry accounting system
Answered by AI
Add your answer

Easy topics and one minute per person

Q1. Basic audit and accounting questions with questions about data analytics
Add your answer

Q1. Basic hr questions related to goals
Add your answer

Mostly on react and python

Q1. Previous projects
Add your answer
Q2. Some HR scenario based questions
Add your answer
Q3. List vs tuples, decorators, generators, init file
Add your answer
Q4. React components, github and aws
Add your answer