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Controls in audit refer to policies and procedures put in place to ensure accuracy and reliability of financial statements.
Preventive controls: designed to prevent errors or fraud before they occur (e.g. segregation of duties)
Detective controls: designed to detect errors or fraud after they have occurred (e.g. reconciliations)
Corrective controls: designed to correct errors or fraud that have been detected (e.g. adjusti...
Cut off period refers to a specific time frame within which certain actions or decisions must be made.
Cut off period is commonly used in financial reporting to determine the deadline for including transactions in a particular accounting period.
It helps ensure that all relevant information is captured within a specific time frame.
For example, a company may have a cut off period of the last day of the month for recording
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PwC interview questions for designations
The tax percentages vary across different countries in the EU.
Tax percentages in the EU vary due to different tax systems and policies.
Some countries have higher tax rates to fund social welfare programs.
Others have lower tax rates to attract foreign investments.
Tax rates can differ for various types of taxes, such as income tax, corporate tax, and value-added tax (VAT).
For example, the top income tax rate in Sweden is...
There are various types of tax returns depending on the individual or entity's financial situation.
Individual tax returns (Form 1040)
Corporate tax returns (Form 1120)
Partnership tax returns (Form 1065)
Trust and estate tax returns (Form 1041)
Nonprofit organization tax returns (Form 990)
Get interview-ready with Top PwC Interview Questions
Projects are unique endeavors with specific goals, timelines, and resources allocated to achieve desired outcomes.
Projects are temporary in nature, with a defined start and end date.
They have specific objectives and deliverables to be achieved within a set timeframe.
Projects require resources such as budget, team members, and materials to be allocated.
Project management methodologies like Agile or Waterfall are often u...
I applied via Approached by Company and was interviewed in Sep 2023. There were 4 interview rounds.
I applied via Approached by Company and was interviewed in Aug 2023. There were 5 interview rounds.
Promises are commitments made by one party to another, to fulfill a certain task or obligation within a specified time frame.
Promises involve a commitment or assurance to do something
They are often made between two parties
There is an expectation of fulfillment within a specified time frame
Failure to fulfill a promise can lead to consequences
oData is a protocol for querying and updating data over the web
oData stands for Open Data Protocol
It is a standardized protocol for creating and consuming data APIs
oData uses RESTful principles for data access
It allows for querying and updating data using HTTP methods like GET, POST, PUT, DELETE
Example: oData can be used to query a database for specific records based on filters
Fiori launchpad is a web-based entry point that provides access to Fiori apps and business roles.
Fiori launchpad is a central hub for accessing SAP Fiori apps and business roles.
Users can personalize their launchpad by adding tiles for their most frequently used apps.
It provides a single point of access to all Fiori apps, making it easier for users to navigate and perform tasks.
Administrators can configure the launchpa...
Aptitude, Logical thinking, Video recording questioning session
Some of the top questions asked at the PwC Senior Associate interview -
The duration of PwC Senior Associate interview process can vary, but typically it takes about less than 2 weeks to complete.
based on 172 interviews
4 Interview rounds
based on 1.5k reviews
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Bangalore / Bengaluru
2-3 Yrs
Not Disclosed
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