KPMG India Senior Executive Interview Questions and Answers

Prioritize tasks, delegate when possible, use project management tools, communicate effectively

• Prioritize tasks based on deadlines and importance

• Delegate tasks to team members with appropriate skills

• Utilize project management tools like Trello or Asana to track progress

• Communicate effectively with team members and stakeholders to ensure alignment and avoid delays

Transfer pricing is the practice of determining the value of goods or services exchanged between related entities in different tax jurisdictions.

• Transfer pricing is used to determine the price of goods or services transferred between related entities in different countries.

• It is important for companies to ensure that transfer pricing is done at arm's length, meaning the price is similar to what would be charged between...read more

Operating leverage refers to the degree to which fixed costs are used in a company's operations.

• Operating leverage measures the impact of fixed costs on a company's profits.

• A company with high fixed costs and low variable costs has high operating leverage.

• Operating leverage can magnify profits in good times, but also magnify losses in bad times.

• Examples of fixed costs include rent, salaries, and equipment costs.

• Operati...read more

Contract manufacturing is when a company hires another company to produce their products, while toll manufacturing is when a company provides raw materials to another company to produce a product.

• Contract manufacturing involves outsourcing the production of a product to a third-party manufacturer.

• The company that hires the manufacturer retains control over the design and distribution of the product.

• Toll manufacturing i...read more

The question is asking about the number of attempts made for a particular task or goal.

• Provide the total number of attempts made

• Explain any factors that influenced the number of attempts

• Discuss the outcome of the attempts

CARO new vs old refers to the changes in the Companies (Auditor's Report) Order over time.

• CARO 2020 introduced new reporting requirements for auditors, such as reporting on internal financial controls and default in repayment of loans.

• CARO 2020 increased the threshold for applicability to companies with turnover exceeding Rs. 50 crore, compared to Rs. 20 crore in CARO 2016.

• CARO 2020 also requires reporting on the adequ...read more

The regulatory body overseeing all banks in India is the Reserve Bank of India (RBI).

• The Reserve Bank of India (RBI) is the central banking institution of India.

• It is responsible for the regulation and supervision of the banking sector in India.

• RBI formulates and implements monetary policy, issues currency, and manages foreign exchange reserves.

• It also acts as a lender of last resort to banks and plays a crucial role i...read more

KYC AML is necessary to prevent financial crimes and ensure compliance with regulations.

• KYC (Know Your Customer) helps in identifying and verifying the identity of customers to prevent fraud and money laundering.

• AML (Anti-Money Laundering) measures are in place to detect and prevent the use of illegally obtained funds for criminal activities.

• KYC AML regulations are mandatory for financial institutions to comply with to...read more