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

Q1. About your previous work
Add your answer

Q1. How will you handle situations
Add your answer
Q2. Risk of material misstatement procedure
Ans. 
Risk of material misstatement procedure is a process to identify and assess the risk of errors or fraud in financial statements.
• The procedure involves understanding the entity and its environment, including internal controls.

• It also includes assessing the risks of material misstatement due to fraud or error.

• The auditor then designs and performs audit procedures to address the identified risks.

• Examples of procedures inc...read more
Answered by AI
Add your answer

Q1. Journal entries related to deferred revenue, accrual
Add your answer
Q2. Journal entries related to recording of expenses and incomes
Add your answer

Assignment is accounting related

Q1. Concept of deffered accounting
Ans. 
Deferred accounting refers to recognizing revenue or expenses at a later date than when they are actually incurred.
• Deferred accounting is used to match revenue and expenses with the period in which they are actually earned or incurred.

• Common examples include prepaid expenses and unearned revenue.

• Deferred tax liabilities and assets are also examples of deferred accounting.

• It helps in accurately reflecting the financial
Answered by AI
Add your answer
Q2. Journal entries for amortization
Ans. 
Journal entries for amortization involve recording the gradual reduction in value of intangible assets over time.
• Amortization is the process of allocating the cost of intangible assets over their useful life.

• Debit the Amortization Expense account and credit the Accumulated Amortization account.

• Journal entry example: Debit Amortization Expense $1,000, Credit Accumulated Amortization $1,000.

• Amortization does not apply to
Answered by AI
Add your answer
Q3. Depreciation accounting
Add your answer

Q1. Salary discussion
Add your answer

Q1. What is k-1 and K-2 forms
Ans. 
K-1 and K-2 forms are used for fiancé(e) and dependent visas respectively in the United States.
• K-1 form is used for fiancé(e) visas and K-2 form is used for dependent visas in the US

• K-1 form allows a US citizen to bring their fiancé(e) to the US for marriage within 90 days

• K-2 form allows the dependent children of the K-1 visa holder to accompany them to the US

• Both forms require extensive documentation and background ch
Answered by AI
Add your answer

Q1. Same as the first round. The 2nd and the last round will be mostly with directors.
Add your answer

Q1. Both the rounds was with the US office guys. They were nice and just asked about the current job role. They also explained what they actually do and what kind of candidate they are looking for.
Add your answer

Q1. Technical - Related Ta process and other things
Add your answer