PwC Senior Associate 1 Interview Questions, Process, and Tips

Q1. Basic questions
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Q1. PPO questions asked
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Q2. PPO questions asked on 2nd
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Q1. Explain consultant role in Banking
Ans. 
Consultants in banking provide expert advice and solutions to financial institutions to improve their operations and achieve their goals.
• Consultants analyze banking processes and identify areas for improvement.

• They develop strategies and recommendations to optimize efficiency and reduce costs.

• Consultants assist in implementing new technologies and systems to enhance banking operations.

• They provide guidance on regulator...read more
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It was not very different from other interviews

Q1. Explain the structure of M3 of the 1065
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M3 of the 1065 refers to the third member's capital account in a partnership tax return form.
• M3 is a section in Form 1065 where the partnership reports the tax basis capital accounts of its partners.

• It includes adjustments for income, deductions, contributions, distributions, and other items that affect the partners' tax basis.

• The M3 schedule reconciles the partners' capital accounts from the beginning to the end of th...read more
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Q1. What technology I worked in my last org
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I worked with a variety of technologies in my last organization, including Java, Python, SQL, and AWS.
• Java

• Python

• SQL

• AWS
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Q1. Experience in Manual testing
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I have 3 years of experience in manual testing, including creating test cases, executing tests, and reporting defects.
• Experience in creating test cases based on requirements

• Executing test cases manually to identify defects

• Reporting defects and working with developers to resolve issues

• Experience in regression testing and smoke testing

• Knowledge of testing tools like Jira and TestRail
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Q2. Automation testing related questions in selenium java
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Q1. Basic questions on your previous project
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Q1. Managerial and understanding your previous working situation
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Q1. Salary discussion and company related discussion
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Q1. Tell me about yourself. Prior experience details Why you want to join pwc Why you leave current organisation
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Q1. What are audit assertions
Ans. 
Audit assertions are 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 five types of assertions: existence, completeness, accuracy, valuation, and rights and obligations.

• Existence: assets and liabilities exist at a given date. Completeness: all transactions and bala...read more
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Q2. What is internal and external audit
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Internal audit is an independent review of a company's operations, while external audit is a review by an independent third party.
• Internal audit is conducted by the company's own employees

• External audit is conducted by an independent third party

• Internal audit focuses on evaluating and improving the effectiveness of internal controls and risk management processes

• External audit focuses on providing an opinion on the accu...read more
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Q3. How do you do audit of assets in case of multi location audit
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Audit of assets in multi-location audit involves planning, coordination, and communication.
• Plan the audit approach and scope for each location

• Coordinate with local teams and assign responsibilities

• Ensure consistency in audit procedures and documentation

• Communicate effectively with all stakeholders

• Use technology to streamline the process

• Perform physical verification of assets at each location

• Reconcile the asset records ...read more
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