Kpmg Resource Centre Audit Associate Interview Questions, Process, and Tips

Aptitude test consist of Verbal communication, logical reasoning and e-mail writing.

Q1. Details about cashflow statement
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Q2. Some part of audit
Ans. 
Audit is a systematic examination of financial records, statements, or operations to ensure accuracy and compliance.
• Audit involves examining financial records, statements, or operations of a company or organization.

• The purpose of an audit is to ensure accuracy, reliability, and compliance with regulations.

• Auditors review documents, conduct interviews, and perform tests to gather evidence for their findings.

• Audits can b...read more
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Q3. Difference between internal and external audit
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Internal audit is conducted by internal employees to assess and improve internal controls, while external audit is conducted by independent third parties to provide an opinion on financial statements.
• Internal audit is performed by employees within the organization, while external audit is conducted by independent auditors outside the organization.

• Internal audit focuses on evaluating and improving internal controls and ...read more
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Q4. What is audit and why it is important?
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Audit is a systematic examination of an organization's financial records to ensure accuracy and compliance with regulations.
• Audit is important for ensuring the accuracy and reliability of financial information.

• It helps in detecting and preventing fraud or errors in financial statements.

• Audits provide assurance to stakeholders such as investors, creditors, and regulators.

• It helps in improving internal controls and opera...read more
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Objective questions including math, language and higher order thinking

Q1. What makes audit interesting to you
Ans. 
I find audit interesting because it allows me to gain a deep understanding of a company's operations and financial health.
• I enjoy the challenge of analyzing complex financial data and identifying areas for improvement

• I appreciate the opportunity to work with a variety of clients and industries, constantly learning and adapting to new situations

• I find satisfaction in helping clients improve their financial processes and...read more
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Q2. What you know about audit
Ans. 
Audit is a systematic and independent examination of financial statements, records, operations, and performance of an organization.
• Audit is conducted to provide an opinion on the financial statements of an organization.

• It involves examining the financial records, transactions, and internal controls of an organization.

• The objective of an audit is to ensure that the financial statements are free from material misstatemen...read more
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Testing your knowledge and aptitude

Be prepared as they can ask any topic in the GD

Q1. It went on for about an hour with the senior manager
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Q2. General knowledge about accounting, journal entries and audit
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Q1. Quite simple and was mostly a formality
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