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PwC Senior Auditor Interview Questions and Answers

Updated 20 Sep 2024

PwC Senior Auditor Interview Experiences

1 interview found

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Campus Placement and was interviewed in Aug 2024. There was 1 interview round.

Round 1 - Technical 

(1 Question)

  • Q1. 1. Audit procedures for a. Revenue b. AP, AR c. Cash and cash equi.s d. Accrued Expenses 2. How to find Unrecorded Liabilities ( IMPORTANT ) 3. Materiality and it's type...
  • Ans. 

    Answering various audit-related questions for Senior Auditor position

    • Audit procedures for different areas like revenue, AP, AR, cash and cash equivalents, and accrued expenses involve testing transactions, balances, and controls.

    • To find unrecorded liabilities, auditors can review vendor invoices, bank statements, and contracts, and perform analytical procedures.

    • Materiality in auditing refers to the significance of an i...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Just brush up all Audit concepts

Interview questions from similar companies

I applied via Company Website and was interviewed in Feb 2020. There were 4 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Mainly Audit related. There are 5 rounds overall. Manager , senior manager , versant test, MD and HR round.

Interview Preparation Tips

Interview preparation tips for other job seekers - First two rounds of Manager and SM are bit tricky, rest are sorted.
Also versant test needs to be given very carefully.
Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via campus placement at CMS College, Kottayam and was interviewed in Oct 2024. There were 3 interview rounds.

Round 1 - Aptitude Test 

An aptitude test was conducted prior to being selected for Interviews

Round 2 - Technical 

(3 Questions)

  • Q1. Questions based on Resume
  • Q2. Questions relating to Accounting
  • Q3. Questions relating to IFRS
Round 3 - HR 

(3 Questions)

  • Q1. Self introduction
  • Q2. Hobbies and passions
  • Q3. Career goal in 5 years

Interview Preparation Tips

Topics to prepare for Ernst & Young Audit Associate interview:
  • IFRS
  • Financial Statement Analysis
  • Financial Reporting
Interview preparation tips for other job seekers - Taylor your resumes to a way that you will know anything that are shot at you at the technical interview phase. Always be confident and composed. Helps a lot.
Interview experience
3
Average
Difficulty level
Hard
Process Duration
Less than 2 weeks
Result
No response

I was interviewed in Nov 2024.

Round 1 - Aptitude Test 

It was good and easy also

Round 2 - Technical 

(1 Question)

  • Q1. Golden rules of Accounting
  • Ans. 

    The golden rules of accounting are basic principles that guide the process of recording financial transactions.

    • The golden rules include: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains.

    • These rules help ensure that financial transactions are accurately recorded and classified in the accounting system.

    • For example, when a company receives ...

  • Answered by AI
Interview experience
3
Average
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Technical 

(2 Questions)

  • Q1. Tell us your major audit observations
  • Ans. 

    Major audit observations include inadequate documentation, lack of segregation of duties, and insufficient controls.

    • Inadequate documentation of transactions and processes

    • Lack of segregation of duties leading to potential fraud risks

    • Insufficient controls over financial reporting

    • Non-compliance with regulatory requirements

    • Weaknesses in IT security measures

  • Answered by AI
  • Q2. What checks shall be done in P2P Audit
  • Ans. 

    Checks in P2P Audit include vendor verification, invoice accuracy, approval process review, duplicate payments detection, and compliance with policies.

    • Verify vendor information for accuracy and legitimacy

    • Ensure invoices match purchase orders and goods received

    • Review approval process to confirm proper authorization

    • Detect and prevent duplicate payments

    • Check for compliance with company policies and regulations

  • Answered by AI
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(1 Question)

  • Q1. Internal audit questions p2p r2r

Interview Preparation Tips

Interview preparation tips for other job seekers - be calm and have good communication skills
Interview experience
4
Good
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Recruitment Consulltant and was interviewed in Oct 2024. There was 1 interview round.

Round 1 - Technical 

(6 Questions)

  • Q1. What do you mean by deferred revenue?
  • Ans. 

    Deferred revenue refers to income received by a company in advance of earning it, resulting in a liability on the balance sheet.

    • Deferred revenue is also known as unearned revenue.

    • It is recorded as a liability on the balance sheet until the revenue is recognized.

    • Common examples include magazine subscriptions, annual maintenance contracts, and advance payments for services.

    • Once the revenue is earned, it is recognized on ...

  • Answered by AI
  • Q2. Hiw would you reconcile bank balances at the end of the period?
  • Ans. 

    Reconciling bank balances involves comparing the bank statement with the company's records to identify and resolve any discrepancies.

    • Obtain the bank statement and compare it with the company's records of transactions.

    • Identify any discrepancies such as missing deposits or withdrawals, bank errors, or outstanding checks.

    • Adjust the company's records to match the bank statement by recording any necessary corrections.

    • Ensure...

  • Answered by AI
  • Q3. What are the three major activities incvolved in cash flow statement? And in which category would you include purchase of fixed assets and repayment of loans?
  • Ans. 

    The three major activities in cash flow statement are operating activities, investing activities, and financing activities. Purchase of fixed assets would fall under investing activities, while repayment of loans would fall under financing activities.

    • Operating activities involve cash flows from day-to-day business operations, such as sales and expenses.

    • Investing activities include cash flows related to the purchase and...

  • Answered by AI
  • Q4. What are the 5 steps of Revenue recognition?
  • Ans. 

    The 5 steps of Revenue recognition are identification of the contract, identification of performance obligations, determination of transaction price, allocation of transaction price, and recognition of revenue as performance obligations are satisfied.

    • Identification of the contract: Determine the existence of a contract with a customer.

    • Identification of performance obligations: Identify the separate performance obligati...

  • Answered by AI
  • Q5. Why do you want to join Deloitte?
  • Ans. 

    I want to join Deloitte because of its reputation for providing excellent training and career development opportunities.

    • Deloitte is known for its high-quality training programs which will help me develop my skills and knowledge in auditing.

    • I am impressed by Deloitte's commitment to employee growth and advancement, which aligns with my career goals.

    • I believe that working at Deloitte will provide me with the opportunity ...

  • Answered by AI
  • Q6. How would you audit fixed assets?
  • Ans. 

    Fixed assets are audited by verifying physical existence, ownership, valuation, and depreciation methods.

    • Verify physical existence by conducting physical inventory counts.

    • Confirm ownership by reviewing title deeds and purchase agreements.

    • Ensure accurate valuation by comparing book value to market value.

    • Review depreciation methods and calculations for accuracy.

    • Check for impairment indicators and assess if any assets nee...

  • Answered by AI

Interview Preparation Tips

Topics to prepare for Deloitte Audit Assistant interview:
  • Accounting
  • Auditing
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Naukri.com and was interviewed in Aug 2024. There was 1 interview round.

Round 1 - Technical 

(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

  • Answered by AI
  • 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

  • Answered by AI
  • 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

  • Answered by AI
  • 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

  • Answered by AI
  • 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

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Read your resume first, prepared for top audit observations and checklist points of each internal audit area. Learn t code list of SAP.

Skills evaluated in this interview

Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Technical 

(2 Questions)

  • Q1. Types of audit risks
  • Ans. 

    Audit risks include inherent risk, control risk, and detection risk.

    • Inherent risk: risk of material misstatement without considering internal controls

    • Control risk: risk that internal controls will not prevent or detect material misstatements

    • Detection risk: risk that audit procedures will not detect material misstatements

    • Examples: Inherent risk - complexity of transactions, Control risk - ineffective segregation of duti

  • Answered by AI
  • Q2. What is materiality and PM?
  • Ans. 

    Materiality and PM refer to the concept of significance in auditing, with materiality being the threshold for financial information to be considered important and PM being the performance materiality set below materiality.

    • Materiality is the threshold at which financial information becomes significant enough to influence the decisions of users of the financial statements.

    • Performance materiality (PM) is set below materia...

  • Answered by AI
Round 2 - Technical 

(1 Question)

  • Q1. Bank procedures
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via campus placement at Shaheed Bhagat Singh College (Evening), Delhi and was interviewed in Jan 2024. There were 3 interview rounds.

Round 1 - Aptitude Test 

1 hour aptitude test

Round 2 - Group Discussion 

Topic was work from home or work from office

Round 3 - Technical 

(1 Question)

  • Q1. Introduction, walk me through resume

Interview Preparation Tips

Topics to prepare for RSM US in India Audit Associate interview:
  • Accounting
Interview preparation tips for other job seekers - rsm us is a very good compay with very good work culture

PwC Interview FAQs

How many rounds are there in PwC Senior Auditor interview?
PwC interview process usually has 1 rounds. The most common rounds in the PwC interview process are Technical.
How to prepare for PwC Senior Auditor interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at PwC. The most common topics and skills that interviewers at PwC expect are Assurance, Auditing, CPA and Ca.

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PwC Senior Auditor Interview Process

based on 1 interview

Interview experience

4
  
Good
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₹12.1 L/yr - ₹26 L/yr
21% more than the average Senior Auditor Salary in India
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