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PKF International Audit Associate Interview Questions and Answers

Updated 12 Apr 2024

PKF International Audit Associate Interview Experiences

1 interview found

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I applied via Company Website and was interviewed before Apr 2023. There were 2 interview rounds.

Round 1 - Aptitude Test 

Numeeucal, logical reasoning and essay on general topic questions

Round 2 - One-on-one 

(3 Questions)

  • Q1. What is your underatanding of double entry?
  • Ans. 

    Double entry is a fundamental accounting concept where every transaction has equal and opposite effects on at least two accounts.

    • Every transaction involves at least two accounts - one account is debited and another account is credited.

    • Debits and credits must always balance, ensuring the accounting equation (Assets = Liabilities + Equity) remains in equilibrium.

    • Double entry system helps in maintaining accuracy and preve...

  • Answered by AI
  • Q2. How many financial statements are there
  • Ans. 

    There are four main financial statements: balance sheet, income statement, cash flow statement, and statement of changes in equity.

    • Balance sheet shows a company's assets, liabilities, and equity at a specific point in time.

    • Income statement shows a company's revenues and expenses over a period of time.

    • Cash flow statement shows how cash and cash equivalents flow in and out of a company.

    • Statement of changes in equity show...

  • Answered by AI
  • Q3. How would you record a vatable sale
  • Ans. 

    A vatable sale is recorded by issuing a sales invoice with VAT included and recording the VAT separately.

    • Issue a sales invoice with the total amount including VAT

    • Separately record the VAT amount charged to the customer

    • Ensure the VAT amount is correctly calculated based on the applicable rate

    • Include the VAT amount in the total sales revenue for reporting purposes

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Have knowledge on basic accounting as well as audit principles

Interview questions from similar companies

Associate Interview Questions & Answers

BDO user image Anonymous

posted on 21 May 2021

Interview Questionnaire 

1 Question

  • Q1. Accounting standards, IFRS, BDO audit methodology

I applied via Job Fair and was interviewed before May 2021. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Case Study 

Accounting Standard

Interview Preparation Tips

Interview preparation tips for other job seekers - Make ample preparation. Read thoroughly the job description and role before applying.

I appeared for an interview before Aug 2020.

Interview Questionnaire 

1 Question

  • Q1. Explain the golden rules of accounting
  • Ans. 

    The golden rules of accounting are basic principles that guide the recording of financial transactions.

    • The first golden rule is the rule of debit and credit.

    • The second golden rule is the rule of personal accounts.

    • The third golden rule is the rule of real accounts.

    • The rule of debit and credit states that for every debit entry, there must be a corresponding credit entry.

    • The rule of personal accounts states that debit the...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be prepared with basic accounting and audit related questions.

I applied via Referral and was interviewed before Oct 2019. There were 4 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. About past experience.

Interview Preparation Tips

Interview preparation tips for other job seekers - The interview was technical one. Mostly on my previous experience. I was for about 40 minutes. After you clear technical round there will be online communication test which includes listening skills, writing skills, etc. Best of luck.

Associate Interview Questions & Answers

PwC user image Anonymous

posted on 13 May 2018

Interview Questionnaire 

1 Question

  • Q1. Normally they asked from CMA Syllabus

Interview Preparation Tips

Round: Test
Experience: Syllabus for written test is CMA Syllabus, general knowledge in Computer.

Associate Interview Questions & Answers

PwC user image Anonymous

posted on 10 May 2018

I applied via Approached by Company and was interviewed in Aug 2017. There were 5 interview rounds.

Interview Questionnaire 

2 Questions

  • Q1. Solve few SQL joins.
  • Q2. .Net developer profile and the technologies I can get, everything was eye wash post joining

Interview Preparation Tips

Round: Manager + Lead round (not sure what kind of round is this)
Experience: details about the work profile, most of which never happened post joining.

General Tips: If you come from technical background, please do not join PwC SDC and jeopardize our career. There is no technical setup, neither any infrastructure, technical work wont just happen except for few bits n pieces UI work here n there. This is not a company for technical people.
Skills: Communication
Duration: 1-4 weeks

Associate Interview Questions & Answers

PwC user image Nishita Karad

posted on 21 Nov 2015

I applied via Company Website

Interview Questionnaire 

3 Questions

  • Q1. Describe a time where you showed leadership skills
  • Q2. Describe a time where you handled a difficult situation
  • Ans. 

    Handled a difficult situation by calming down an angry customer

    • Listened to the customer's complaint patiently

    • Empathized with the customer and apologized for the inconvenience caused

    • Offered a solution to the problem and explained the steps to be taken

    • Followed up with the customer to ensure their satisfaction

  • Answered by AI
  • Q3. Describe a scenario where you demonstrated your ability to communicate effectively

Interview Preparation Tips

Round: Behavioural Interview
Experience: The behavioral interview for PwC UK is usually conducted by telephone and then the final interview which includes a behavioral component happens in the last stage. The interview was a great experience and I enjoyed speaking to the interviews on both occasions. I spent sometime getting familiar with PwC's core competencies and prepared examples from my life that reflected these competencies. It was also useful to practice these questions in front of the mirror as it helped me to restructure my answers well. All in all, it was a friendly experience and the interviewers are looking to know you better. Just be confident, smile and be yourself. A "rattofied-textbook" answer will surely get you rejected, instead speak what you really believe in and let it be authentic!
Tips: Use the STAR technique to answer behavioral interview questions :-
S (Situation) - What was the situation? Give the context in approx 1-2 lines for the interviewer to understand the situation.
T (Task) - What was the task that you were required to do? Eg. Group project, team task etc.
A (Action) - What did YOU do? Focus on your actions NOT that of the team. Eg. I managed my time by prioritizing my responsibilities. Or, I spoke to my team leader about the problem. Or, I researched the current market trends in XYZ.
R (Result) - What was the end result? Eg: I completed the task in time. Or, The group increased the productivity by x%.




Round: Assessment day
Experience: After being successful in the telephone interview I was invited to attend an Assessment Day at the PwC office in London. We had a series of tasks throughout the day which included a case study, group task and client interview. It is quite rigorous and the day was quite exhausting.
Tips: Complete all the tasks in the given time. You will be marked down if you fail to finish.
Try to be inclusive in the group discussions. Use names of participants while talking to them.

General Tips: The recruitment process is designed if you are a right fit in the company, It's equally important for you to judge if the company is the right fit for you. Talk to people in the company, explore company resources, search news articles about the company, and most important - follow your instinct!
Skills:
College Name: London School of Economics

Associate Interview Questions & Answers

PwC user image Anonymous

posted on 17 Jan 2015

Interview Preparation Tips

Round: Resume Shortlist
Experience: I first created a master resume and got it reviewed by others.
Tips: Spend enough time in preparing your master resume. Have a resume ready for all the sectors you are targeting. Start as early as possible and get your one page resume ready well in time before the deadline.

Round: Test
Tips: Practice a lot. Prefer practicing in a group and attempt timed tests. Also try out puzzles.

Round: Interview
Experience: There were two rounds, each with a single member panel.
They asked a few HR questions initially followed by a case study. The HR questions were diverse, like how would you handle different scenarios in work and about books I read. I was grilled with these questions.
The case was easy but I presented it in an unstructured manner, but I was able to give a decent solution in the end.

Round: Interview
Experience: The second round started off with a case in which I performed relatively better. The interviewer then asked me if I had any questions for him, and that's when I started talking about the analytics industry. This went on for 15 minutes, and I think this sealed the deal for me.

General Tips: Identify the companies you want to target. Be pragmatic in your choice and prepare accordingly. n
Prepare in a group.
Remember that Resume is one important aspect.
College Name: IIT KANPUR

Associate Interview Questions & Answers

PwC user image Anonymous

posted on 20 Jan 2015

Interview Questionnaire 

5 Questions

  • Q1. Why PWC?
  • Ans. 

    PWC is a leading global professional services firm with a strong reputation for excellence and innovation.

    • PWC has a diverse range of clients across various industries

    • PWC offers a wide range of services including audit, tax, and consulting

    • PWC has a strong focus on innovation and technology

    • PWC provides excellent opportunities for career growth and development

    • PWC has a strong commitment to corporate responsibility and sus

  • Answered by AI
  • Q2. What do you know about PWC?
  • Ans. 

    PWC is a multinational professional services network.

    • Provides audit, tax, and consulting services to various industries

    • Has a presence in over 157 countries

    • Ranked as the world's second-largest professional services network

    • Clients include major corporations, governments, and non-profit organizations

  • Answered by AI
  • Q3. Strengths and weaknesses
  • Q4. Location preference
  • Q5. Random questions:-How do earthquakes occur? What is metamorphosis?
  • Ans. 

    Earthquakes occur due to the movement of tectonic plates. Metamorphosis is the process of transformation in living organisms.

    • Earthquakes occur when two tectonic plates move against each other, causing a release of energy in the form of seismic waves.

    • Metamorphosis is a process of transformation in living organisms, where an organism undergoes a physical change in form and structure.

    • Examples of metamorphosis include the ...

  • Answered by AI

Interview Preparation Tips

Round: Test
Experience: CAT type questions were asked.
Duration: 60 minutes

Round: Technical Interview
Experience: As it was open for all departments, questions of a general kind about project and internship were asked. Favourite area and basic questions on it.

Round: HR Interview
Tips: Looking for people with good communication skills.

General Tips: If performance is good, chance to move to the consulting arm from the accounting arm, which handles financial advisory, etc.
College Name: IIT KANPUR

PKF International Interview FAQs

How many rounds are there in PKF International Audit Associate interview?
PKF International interview process usually has 2 rounds. The most common rounds in the PKF International interview process are Aptitude Test and One-on-one Round.
What are the top questions asked in PKF International Audit Associate interview?

Some of the top questions asked at the PKF International Audit Associate interview -

  1. What is your underatanding of double ent...read more
  2. How many financial statements are th...read more
  3. How would you record a vatable s...read more

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PKF International Audit Associate Interview Process

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Interview experience

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Excellent
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