PwC Associate Interview Questions, Process, and Tips

Q1. What is Materiality
Ans. 
Materiality refers to the importance or relevance of information in relation to a decision or situation.
• Materiality is a concept used in accounting and auditing to determine the significance of financial information.

• It is based on the principle that only information that is material or relevant to a decision or situation should be disclosed.

• Materiality is subjective and depends on the context of the decision or situati...read more
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Q2. Give a Brief of resume
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Whole day superday interview. A business case is given to 2 groups. Each group would prepare their own presentation and had 20 mins Q&A sessions.

Q1. Self introduction
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Q2. How you see COVID affecting the industry
Ans. 
COVID has significantly impacted the industry by causing disruptions in supply chains, shifts in consumer behavior, and accelerated digital transformation.
• Disruptions in supply chains leading to shortages of raw materials and finished products

• Shifts in consumer behavior towards online shopping and contactless payments

• Accelerated digital transformation with increased focus on remote work and e-commerce

• Increased demand f
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MCQ question on java, apti, and sql

Q1. Basic java question and sql question
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Q1. What is materiality,audit risk,assertions.
Ans. 
Materiality, audit risk, and assertions are important concepts in auditing.
• Materiality refers to the significance of an item or transaction in the financial statements.

• Audit risk is the risk that the auditor may issue an incorrect opinion on the financial statements.

• Assertions are the representations made by management in the financial statements.

• There are five types of assertions: existence, completeness, accuracy, va...read more
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Q2. IND AS115,116,Income tax Standard
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Q1. Question relating to audit risk, sampling,types of sampling
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Q2. Tell me about PWC AC KOLKATA
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Q1. Overfitting vs underfitting reasons
Ans. 
Overfitting occurs when a model is too complex and fits the training data too closely, while underfitting occurs when a model is too simple and cannot capture the underlying patterns in the data.
• Overfitting happens when the model is too complex and captures noise in the training data

• Underfitting happens when the model is too simple and cannot capture the underlying patterns in the data

• Overfitting can be addressed by re...read more
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Q2. Pricing case for Airline
Ans. 
Propose a pricing strategy for an airline.
• Analyze the market demand and competition

• Consider the cost structure and break-even point

• Offer different fare classes and ancillary services

• Implement dynamic pricing based on demand and seasonality

• Use loyalty programs and partnerships to retain customers
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Q1. Interest areas to work
Ans. 
My interest areas include data analysis, project management, and customer service.
• Data analysis: proficient in Excel and SQL, experience with data visualization tools like Tableau

• Project management: certified in PMP, experience leading cross-functional teams

• Customer service: experience in retail and hospitality industries, strong communication skills
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