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PwC Associate L2 Interview Questions, Process, and Tips
Top PwC Associate L2 Interview Questions and Answers
- Q1. Step for revenue recognition - IND AS 115, how you book revenue in case of returnable policy goods, How you would check AR, Explain AR checking at year end, Audit Opinion ...read more
- Q2. How will you check the completeness and accuracy of any Information Provided by an Entity?
- Q3. P2P Process with the different risks and controla to mitigate them?
PwC Associate L2 Interview Experiences
21 interviews found
CA Sumit Kumar
Selected
I applied via campus placement at Institute of Chartered Accountant of India (ICAI) and was interviewed in Mar 2023. There were 2 interview rounds.
(2 Questions)
- Q1. Assurance Profile 1- Materiality & its types 2- Audit risk 3 - Audit of line items of PL & BS 4- Sampling 5- Audit process
- Q2. EOM para OM para CAM IFC & IFCR testing Ind As 115/116/16/38
Interview Preparation Tips
No need to be fluent in English. You only need to be comfortable to talk in English.
All the Best
Har Har MahadeV
Selected
I applied via Referral and was interviewed in Feb 2023. There was 1 interview round.
(2 Questions)
- Q1. Wht is Revenu recognition concept
- Ans.
Revenue recognition concept refers to the accounting principle that outlines when and how revenue should be recognized in financial statements.
Revenue recognition concept determines the timing and amount of revenue that should be recognized in financial statements.
It is important for companies to follow this concept to ensure accurate financial reporting.
Revenue can be recognized at different points in time depending o...
- Q2. What is materiality concept in audit
- Ans.
Materiality concept in audit refers to the significance of an item or an error in financial statements.
Materiality is a key concept in audit as it helps auditors determine the importance of an item or an error in financial statements.
It is used to determine the scope of the audit and the level of detail required in the audit procedures.
Materiality is based on both quantitative and qualitative factors, such as the size ...
Interview Preparation Tips
I applied via Referral and was interviewed in Feb 2023. There was 1 interview round.
(2 Questions)
- Q1. Revenue recognition describe 5 step model
- Ans.
The 5-step model for revenue recognition involves identifying the contract, identifying performance obligations, determining the transaction price, allocating the transaction price, and recognizing revenue when performance obligations are met.
Step 1: Identify the contract and its terms
Step 2: Identify the performance obligations in the contract
Step 3: Determine the transaction price
Step 4: Allocate the transaction pric...
- Q2. What is materiality in audit terms
- Ans.
Materiality is the concept of determining the significance of an item or event in relation to the financial statements as a whole.
Materiality is a key concept in auditing and is used to determine the level of detail required in an audit.
It involves assessing the significance of an item or event in relation to the financial statements as a whole.
Materiality is a matter of professional judgment and is influenced by facto...
Interview Preparation Tips
What people are saying about PwC
Selected
I applied via Naukri.com and was interviewed in Sep 2022. There were 2 interview rounds.
(2 Questions)
- Q1. Why are you looking for a job change?
- Ans. To explore more about this work and learn more. To grow more professionally
- Q2. Do you feel this is your cup of tea?
- Ans.
Yes, this is my cup of tea.
I have the necessary skills and experience for this role.
I am passionate about the work and have a strong interest in it.
I have successfully handled similar responsibilities in the past.
I am confident in my ability to excel in this position.
Interview Preparation Tips
PwC interview questions for designations
(2 Questions)
- Q1. What is a deferred tax asset?
- Ans.
A deferred tax asset is an accounting concept that represents a future tax benefit that a company can claim.
It arises when a company has overpaid taxes or has carried forward tax losses from previous years.
It can be used to offset future tax liabilities and reduce the company's tax bill.
Deferred tax assets are recorded on the balance sheet as an asset.
Examples include tax credits, tax loss carryforwards, and accelerate
- Q2. How do we verify the cash balance?
- Ans.
Cash balance can be verified by reconciling the bank statement with the company's cash account.
Compare the ending balance on the bank statement with the ending balance on the company's cash account
Check for any outstanding checks or deposits in transit
Verify that all transactions have been recorded accurately
Perform regular audits to ensure accuracy
Interview Preparation Tips
Get interview-ready with Top PwC Interview Questions
I applied via campus placement at Institute of Chartered Accountant of India (ICAI) and was interviewed before Dec 2021. There were 2 interview rounds.
(2 Questions)
- Q1. Basic Accounting concepts and questions related to profile offered
- Q2. Auditing questions related to Accounts Receivables
Interview Preparation Tips
Associate L2 Jobs at PwC
Shubhajit Ghoshal
(1 Question)
- Q1. Tell me about yourself?
Interview Preparation Tips
I applied via Approached by Company and was interviewed in Sep 2021. There were 3 interview rounds.
(4 Questions)
- Q1. What are your salary expectations?
- Q2. Share details of your previous job.
- Q3. Why are you looking for a change?
- Q4. Tell me about yourself.
(1 Question)
- Q1. 30 minutes technical round . Get your basics right. You need to be strong at your technicals. Answer with confidence . Prepare just for the theory part .
(1 Question)
- Q1. 30 minutes another technical round . Be amazing at your basics . Difficult questions can be asked , depends on how you tackle the questions . Even if you do not know the answer , make sure you convey to t...
Interview Preparation Tips
I applied via Referral and was interviewed in Jul 2021. There were 3 interview rounds.
Interview Questionnaire
5 Questions
- Q1. What are audit assertions?
- Ans.
Audit assertions are the claims made by management regarding the accuracy and completeness of financial statements.
Audit assertions are used by auditors to assess the risk of material misstatement in financial statements.
There are six types of audit assertions: existence, completeness, accuracy, valuation, rights and obligations, and presentation and disclosure.
For example, existence assertion refers to whether the ass...
- Q2. How would you audit bank reco?
- Ans.
To audit bank reco, one should verify the accuracy of bank statements and compare them with the company's records.
Verify the accuracy of bank statements
Compare bank statements with the company's records
Check for any discrepancies and investigate them
Ensure all transactions are recorded accurately
Verify that all bank accounts are reconciled on a regular basis
Ensure that all outstanding checks and deposits are accounted ...
- Q3. P2P recording?
- Q4. Would u be able to work long hours during busy phase?
- Q5. Any other questions you would like to ask
Interview Preparation Tips
Selected
I applied via Approached by Company and was interviewed before Mar 2022. There were 3 interview rounds.
(3 Questions)
- Q1. What is relational database
- Ans.
A relational database is a type of database that stores and organizes data in tables with relationships between them.
Data is organized into tables with columns and rows
Tables can have relationships with each other through keys
SQL is used to manipulate and query data in relational databases
Examples include MySQL, Oracle, and Microsoft SQL Server
- Q2. What are SQL DML queries
- Ans.
SQL DML queries are used to manipulate data in a database.
DML stands for Data Manipulation Language
Used to insert, update, delete data in a database
Examples: INSERT INTO, UPDATE, DELETE FROM
- Q3. What is Cloud Computing
- Ans.
Cloud computing is the delivery of computing services over the internet.
Cloud computing allows users to access data and applications from anywhere with an internet connection
It eliminates the need for physical hardware and infrastructure
Examples include Amazon Web Services, Microsoft Azure, and Google Cloud Platform
(2 Questions)
- Q1. Tell me about yourself
- Q2. What challenge you faced in the past years
Interview Preparation Tips
Skills evaluated in this interview
PwC Interview FAQs
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PwC Associate L2 Interview Process
based on 6 interviews
3 Interview rounds
- Resume Shortlist Round
- Technical Round
- Personal Interview1 Round
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PwC Associate L2 Reviews and Ratings
based on 72 reviews
Rating in categories
|
Senior Associate
15.1k
salaries
|  ₹8 L/yr - ₹30 L/yr |
|
Associate
13k
salaries
| ₹4.8 L/yr - ₹17 L/yr |
|
Manager
6.8k
salaries
| ₹14 L/yr - ₹44.5 L/yr |
|
Senior Consultant
4.4k
salaries
| ₹9 L/yr - ₹32.5 L/yr |
|
Associate2
4.2k
salaries
| ₹4.5 L/yr - ₹16.6 L/yr |
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