PwC Interview Questions, Process, and Tips

Q1. Previous work experience about Contract management and ERP
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Combination logic on python

Q1. Explain classification
Ans. 
Classification is a machine learning technique used to categorize data into different classes or categories based on past observations.
• Classification involves training a model on labeled data to predict the class of new, unseen data points.

• Common algorithms for classification include logistic regression, decision trees, support vector machines, and k-nearest neighbors.

• Examples of classification tasks include spam email...read more
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Q1. How do you see yourself in handling pressured situation?
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Q2. Tell us about a work that makes you feel proud of yourself
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Q1. Why you want to change job?
Ans. 
Seeking new challenges and opportunities for growth.
• Looking for a new challenge to expand my skills and knowledge

• Seeking opportunities for career advancement

• Interested in working in a different industry or with a different team
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Q2. Why you want to join PwC?
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I want to join PwC because of its reputation for excellence, opportunities for growth, and diverse client base.
• PwC is known for its high standards of excellence in the industry

• I am attracted to the opportunities for professional growth and development at PwC

• The diverse client base at PwC would provide me with valuable experience and exposure
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Q1. Experience in internal auditing & internal controls
Ans. 
I have 3 years of experience in internal auditing and internal controls.
• Conducted regular audits to assess compliance with internal policies and procedures

• Identified weaknesses in internal controls and recommended improvements

• Implemented new control measures to mitigate risks and enhance efficiency

• Collaborated with various departments to ensure adherence to audit findings
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Q2. Procure to pay process & their risk and mitigation of risk
Ans. 
The procure to pay process involves purchasing goods or services, receiving them, and paying for them. Risks include fraud, errors, and delays.
• Key risks in the procure to pay process include fraud, such as invoice fraud or payment fraud.

• Errors in processing orders, receiving goods, or making payments can also pose risks.

• Delays in any step of the process can impact cash flow and supplier relationships.

• Mitigation strateg...read more
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Q1. Current Salary Expectations?
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Q2. When can you join?
Ans. 
I can join within two weeks of receiving an offer.
• I can start within two weeks of receiving an offer.

• I need to give notice at my current job before starting.

• I have some pre-planned commitments that I need to wrap up before joining.

• I am flexible with the start date if needed.
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Q1. What is materiality
Ans. 
Materiality refers to the significance or importance of information in relation to a decision or financial statement.
• Materiality is a concept used in auditing to determine the impact of misstatements on financial statements.

• It involves assessing whether a misstatement could influence the economic decisions of users based on the size or nature of the item.

• Materiality is subjective and depends on the judgment of the audi...read more
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Q2. How to audit trade receivables
Ans. 
Auditing trade receivables involves verifying the accuracy and existence of amounts owed by customers.
• Confirming the existence of trade receivables by sending confirmations to customers

• Reviewing sales contracts and invoices to ensure proper recognition of revenue

• Analyzing aging reports to identify any potential bad debts

• Testing the allowance for doubtful accounts to ensure it is adequate

• Reconciling trade receivables to
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Q1. Describe your project
Ans. 
Developed a customer relationship management system for a large retail company
• Implemented a database to store customer information and purchase history

• Designed a user-friendly interface for employees to access and update customer data

• Integrated email marketing tools to send personalized promotions to customers
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Q2. What are your strengths and weakness
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