Add office photos
Filter interviews by
PwC Assurance Auditor Interview Questions and Answers
PwC Assurance Auditor Interview Experiences
1 interview found
Anonymous
I applied via Campus Placement and was interviewed in Jul 2022. There were 2 interview rounds.
(2 Questions)
- Q1. What are assertions?
- Ans.
Assertions are statements made by management regarding financial information and internal controls.
Assertions are used in auditing to evaluate the accuracy and completeness of financial statements.
There are three categories of assertions: existence, completeness, and accuracy.
Examples of assertions include the existence of assets, completeness of transactions, and accuracy of financial information.
Auditors use assertio...
- Q2. What is Materiality?
- Ans.
Materiality is the concept of determining the significance of an item or event in relation to financial statements.
Materiality is a subjective concept that varies depending on the context.
It is used to determine whether an item or event should be disclosed in financial statements.
Materiality is influenced by factors such as the size of the item or event, its nature, and the needs of the users of the financial statement...
Interview Preparation Tips
- Auditing
- Accounting Standards
- Taxation
Interview questions from similar companies
Ayush
I applied via Naukri.com and was interviewed in Aug 2024. There was 1 interview round.
(5 Questions)
- Q1. What is your major audit observations
- Ans.
Some major audit observations include inadequate documentation, lack of segregation of duties, and ineffective internal controls.
Inadequate documentation of transactions and processes
Lack of segregation of duties leading to potential fraud or errors
Ineffective internal controls resulting in increased risk of misstatements
Examples: missing invoices, one person handling both cash receipts and disbursements, lack of appro
- Q2. Checklist of P2P audit
- Ans.
A checklist of P2P audit includes vendor verification, invoice approval process, segregation of duties, and payment reconciliation.
Verify vendor information and ensure accuracy
Review invoice approval process for compliance with policies
Ensure segregation of duties to prevent fraud
Reconcile payments with invoices and purchase orders
- Q3. Checklist of HR audit
- Ans.
HR audit checklist includes reviewing policies, procedures, compliance, and employee records.
Review HR policies and procedures to ensure compliance with laws and regulations
Check employee records for accuracy and completeness
Assess HR practices for effectiveness in recruitment, training, performance management, and employee relations
Evaluate HR metrics and analytics to measure HR performance and identify areas for impr
- Q4. Tell us major SAP T codes
- Ans.
SAP T codes are transaction codes used in SAP systems to execute specific functions or tasks.
Some major SAP T codes include: SE11 (Data Dictionary), SE38 (ABAP Editor), SE16 (Data Browser), VA01 (Create Sales Order), ME21N (Create Purchase Order)
T codes are used to access different modules and functionalities within SAP systems
Users can also create custom T codes for specific tasks or reports
- Q5. How you will audit Fixed Assets
- Ans.
Fixed assets audit involves verifying existence, valuation, and ownership of assets.
Reviewing fixed assets register to ensure all assets are accounted for
Physically inspecting assets to verify existence and condition
Checking depreciation calculations to ensure accuracy
Confirming ownership of assets through documentation
Testing controls related to fixed assets management
Reconciling fixed assets register with general led
Interview Preparation Tips
Skills evaluated in this interview
General aptitude like psychometric tests
(2 Questions)
- Q1. Introduce about yourself
- Q2. What made you to choose audit domain
- Ans.
I chose the audit domain due to my strong analytical skills and attention to detail.
Enjoy analyzing data and identifying patterns
Have a keen eye for detail and accuracy
Interested in ensuring compliance and improving processes
Value the importance of risk management and internal controls
(2 Questions)
- Q1. Tell us about yourself a bit
- Q2. Do you have any prior experience in internal auditing
- Ans.
Yes, I have 5 years of experience in internal auditing in the banking industry.
I have 5 years of experience in internal auditing in the banking industry
Conducted regular audits to ensure compliance with regulations
Identified and addressed financial risks within the organization
Prepared detailed audit reports for management review
(2 Questions)
- Q1. What was your role in your previous organization
- Q2. Tell us about your top audit issues highlighted by you
Interview Preparation Tips
(1 Question)
- Q1. Internal audit questions p2p r2r
Interview Preparation Tips
I applied via campus placement at ICAI Institute of Chartered Accountants, Noida and was interviewed in Jan 2024. There was 1 interview round.
(2 Questions)
- Q1. Tell me something about yourself?
- Q2. Revenue recognition step of Ind AS 115
- Ans.
Revenue recognition under Ind AS 115 involves identifying performance obligations, determining transaction price, allocating price to obligations, and recognizing revenue as obligations are satisfied.
Identify performance obligations - distinct goods or services promised to customer
Determine transaction price - amount expected to be received in exchange for fulfilling obligations
Allocate price to obligations - based on ...
(2 Questions)
- Q1. Any two Risk in inventory
- Ans.
Two risks in inventory are obsolescence and theft.
Obsolescence risk: Inventory becoming outdated or obsolete due to changes in technology or consumer preferences.
Theft risk: Inventory being stolen by employees, customers, or external parties.
- Q2. Flow of p2p and to construct rcm for any process
- Ans.
P2P flow involves procurement and payment processes. RCM is a method to identify risks and controls in a process.
Understand the procurement process from requisition to payment
Identify key control points and risks in the process
Map out the flow of P2P process and construct a risk control matrix (RCM)
Ensure segregation of duties to prevent fraud
Implement controls such as approval workflows and vendor verification
Interview Preparation Tips
Next they ask you to construct an rcm from scratch for a process
Sumit Taneja
I applied via Campus Placement
Great GD good amazing excellent yayyyy
(2 Questions)
- Q1. What do you understand by Audit
- Ans.
Audit is a systematic examination of financial records, documents, transactions, and processes to ensure accuracy and compliance.
Audit involves reviewing and evaluating financial statements and records
It ensures compliance with laws, regulations, and company policies
Auditors provide an independent and objective assessment of an organization's financial health
Types of audits include internal, external, financial, operat...
- Q2. Types of auditor
- Ans.
Types of auditors include internal auditors, external auditors, government auditors, and forensic auditors.
Internal auditors work within an organization to evaluate and improve internal controls.
External auditors are independent professionals who review an organization's financial statements for accuracy and compliance.
Government auditors work for government agencies to ensure compliance with laws and regulations.
Foren...
Interview Preparation Tips
I applied via Campus Placement and was interviewed in Sep 2021. There were 2 interview rounds.
EY aptitude test carries 4 section
Normal aptitude questions with another section called excel .
(5 Questions)
- Q1. Tell me about yourself
- Q2. What is cash flow statement
- Ans.
A financial statement that shows the inflow and outflow of cash in a business over a period of time.
Cash flow statement is used to track the cash inflows and outflows of a business.
It helps in analyzing the liquidity and solvency of a business.
It consists of three sections: operating activities, investing activities, and financing activities.
Operating activities include cash transactions related to the day-to-day busin...
- Q3. What is mangement accounting
- Ans.
Management accounting is the process of preparing financial reports and analysis to help managers make informed business decisions.
It involves analyzing financial data to provide information for internal decision-making
It focuses on future-oriented reports rather than historical data
It helps managers in planning, controlling, and decision-making
Examples include budgeting, cost analysis, and performance measurement
- Q4. Some question regarding accounts
- Q5. Question regarding job profile
Interview Preparation Tips
I applied via Job Portal and was interviewed in Jul 2024. There was 1 interview round.
(2 Questions)
- Q1. Tell me about yourself
- Ans.
Experienced internal auditor with a background in finance and risk management.
Over 5 years of experience in auditing financial statements
Strong knowledge of risk assessment and internal controls
Proficient in using audit software such as ACL and IDEA
Led successful audits for Fortune 500 companies
- Q2. Why do you wanna join us
- Ans.
I am passionate about internal auditing and believe in the values and goals of your organization.
I have a strong background in auditing and compliance
I am impressed by your company's reputation for excellence in internal audit practices
I am excited about the opportunity to contribute to a dynamic and innovative team
PwC Interview FAQs
Tell us how to improve this page.
PwC Interviews By Designations
- PwC Associate Interview Questions
- PwC Senior Associate Interview Questions
- PwC Consultant Interview Questions
- PwC Associate2 Interview Questions
- PwC Associate Consultant Interview Questions
- PwC Manager Interview Questions
- PwC Senior Consultant Interview Questions
- PwC Technology Consultant Interview Questions
- Show more
Interview Questions for Popular Designations
- Quality Assurance Interview Questions
- Quality Assurance Officer Interview Questions
- Quality Assurance/Quality Control Manager Interview Questions
- Executive Quality Assurance Interview Questions
- Quality Assurance and Testing Interview Questions
- Quality Assurance Analyst Interview Questions
- Manager Quality Assurance Interview Questions
- Junior Engineer - Quality Assurance Interview Questions
- Show more
People are getting interviews through
Interview Questions from Similar Companies
Fast track your campus placements
|
Senior Associate
14.7k
salaries
|  ₹8 L/yr - ₹30 L/yr |
|
Associate
12.7k
salaries
| ₹4.6 L/yr - ₹16 L/yr |
|
Manager
6.6k
salaries
| ₹13.5 L/yr - ₹50 L/yr |
|
Senior Consultant
4.4k
salaries
| ₹9 L/yr - ₹32 L/yr |
|
Associate2
4.1k
salaries
| ₹4.5 L/yr - ₹16.6 L/yr |
Deloitte
Ernst & Young
Accenture
TCS
Calculate your in-hand salary
- Home >
- Interviews >
- PwC Interview Questions >
- PwC Assurance Auditor Interview Questions
