KPMG India Interview Questions, Process, and Tips

Q1. What is form 1099
Ans. 
Form 1099 is a tax form used to report various types of income other than wages, salaries, and tips.
• Form 1099 is used to report income such as freelance earnings, interest, dividends, and government payments.

• There are different types of Form 1099, such as 1099-MISC for miscellaneous income and 1099-INT for interest income.

• Recipients of Form 1099 must report the income on their tax return and may owe taxes on it.

• Form 10...read more
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Q2. What is intermediary
Ans. 
An intermediary is a person or organization that acts as a link between two parties to facilitate communication or transactions.
• Intermediaries can help in negotiations and resolving conflicts between parties.

• Examples include brokers, agents, and middlemen in business transactions.

• They can provide valuable expertise and resources to both parties involved.
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Q1. Banking Risk Based Questions
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Q2. Regulatory Reporting Questions
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Experience to be shared if and how you managed disagreements

Q1. Credit Risk Based
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Q2. RWA Based Question
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Q1. Types of audit risks
Ans. 
Audit risks include inherent risk, control risk, and detection risk.
• Inherent risk: risk of material misstatement without considering internal controls

• Control risk: risk that internal controls will not prevent or detect material misstatements

• Detection risk: risk that audit procedures will not detect material misstatements

• Examples: Inherent risk - complexity of transactions, Control risk - ineffective segregation of duti
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Q2. What is materiality and PM?
Ans. 
Materiality and PM refer to the concept of significance in auditing, with materiality being the threshold for financial information to be considered important and PM being the performance materiality set below materiality.
• Materiality is the threshold at which financial information becomes significant enough to influence the decisions of users of the financial statements.

• Performance materiality (PM) is set below materia...read more
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Q1. Bank procedures
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It was not structured and proper.

Q1. Why compliance?
Ans. 
Compliance ensures adherence to laws, regulations, and company policies to mitigate risks and maintain ethical standards.
• Ensures legal and regulatory requirements are met

• Mitigates risks of fines, penalties, and reputational damage

• Maintains ethical standards and corporate governance

• Promotes trust and transparency with stakeholders
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Q2. What is dbms and sql
Ans. 
DBMS stands for Database Management System, which is a software that manages databases. SQL is a language used to interact with databases.
• DBMS is a software that allows users to create, retrieve, update, and manage databases.

• SQL (Structured Query Language) is a language used to communicate with and manipulate databases.

• Examples of popular DBMS include MySQL, Oracle, and SQL Server.

• Examples of SQL commands include SELEC
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Q1. About Educational Background
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Q2. About Family, Address etc Background
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Q3. About KPMG and about The Role Of FTS Analyst related Toppics
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Q4. Why You want To Join KPMG?
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Q5. Any Plan for Leave in Next 6 Months?
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Q1. Tell me about yourself
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Q2. Last project
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