PwC Interview Questions, Process, and Tips

Q1. What is audit risk?
Ans. 
Audit risk is the risk that the financial statements are materially misstated despite an audit being conducted.
• Audit risk is the risk that the auditor expresses an inappropriate audit opinion when the financial statements are materially misstated.

• It consists of inherent risk, control risk, and detection risk.

• Inherent risk is the susceptibility of an assertion to a material misstatement, control risk is the risk that a ...read more
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Q2. Tell me about yourself
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I am a dedicated and detail-oriented professional with a strong background in auditing and assurance services.
• I have a Bachelor's degree in Accounting and have completed internships at top accounting firms.

• I am skilled in conducting financial statement audits and providing recommendations for improvement.

• I have excellent communication and analytical skills, allowing me to effectively communicate findings to clients and
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Q3. Difficult moment during articleship while audit
Ans. 
Facing a difficult moment during articleship while conducting an audit
• Encountering discrepancies in financial records that were difficult to resolve

• Dealing with uncooperative client personnel during audit procedures

• Struggling to meet tight deadlines for completing audit work

• Handling conflicts within the audit team regarding approach or findings

• Learning to navigate complex audit software or tools
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Q1. Why PWC Mumbai? Where do you see yourself after 5 years
Ans. 
PWC Mumbai offers a diverse client base and opportunities for growth. In 5 years, I see myself as a senior manager leading a team.
• PWC Mumbai has a strong reputation in the industry with a diverse client base, providing exposure to various industries and challenges.

• The firm offers ample opportunities for professional growth and development through training programs and mentorship.

• I am attracted to the vibrant culture of...read more
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Q2. Why did you choose assurance and not taxation?
Ans. 
I chose assurance over taxation because I enjoy working with clients to ensure financial accuracy and compliance.
• I have a strong attention to detail and enjoy analyzing financial statements.

• Assurance allows me to work closely with clients to ensure their financial information is accurate and compliant with regulations.

• I prefer the client-facing aspect of assurance work compared to the more technical and behind-the-scen...read more
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Q1. There was no third round
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Q2. NO THIRD ROUND ONLY 2 ROUNDS
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Q1. PM approach for setting up project
Ans. 
My approach involves defining project scope, creating a detailed plan, assigning tasks, monitoring progress, and adapting as needed.
• Define project scope and objectives clearly

• Create a detailed project plan with timelines and milestones

• Assign tasks to team members based on their skills and expertise

• Monitor progress regularly and communicate with stakeholders

• Adapt the plan as needed based on feedback and changes in requi
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Q2. How to deal with unstructed team
Ans. 
To deal with an unstructured team, establish clear goals, provide guidance and support, encourage open communication, and adapt leadership style.
• Establish clear goals and expectations to provide direction for the team.

• Provide guidance and support to help team members navigate uncertainty.

• Encourage open communication to foster collaboration and problem-solving.

• Adapt leadership style to meet the needs of individual team ...read more
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Q1. Sql question were asked.
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Q2. Was asked to make pivot table
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Q1. Some OOPs questions
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Q2. SQL Questions were asked basic sql
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Q3. Project related questions
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Q1. Basic introduction
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Q2. Some basic hr questions
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60 min , Logical , Analytical, Reasoning, Data Interpretation and English

Q1. Tell me about your Project
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Q2. Internship experience
Ans. 
I have completed two internships in marketing and finance, gaining valuable hands-on experience.
• Completed internships in marketing and finance

• Gained hands-on experience in both fields

• Learned about market research and financial analysis
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Q3. Favourite subject of your domain
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Q1. Tell me about yourself
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Q2. Your strength and weakness
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Q1. What is tds ? How is it different from tcs
Ans. 
TDS stands for Tax Deducted at Source, while TCS stands for Tax Collected at Source. Both are types of taxes collected by the government.
• TDS is deducted by the payer at the time of making payment to the payee, while TCS is collected by the seller from the buyer at the time of sale of goods.

• TDS is applicable on various types of income like salary, interest, commission, etc., while TCS is applicable on the sale of certai...read more
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Q1. Brief Explain about SCD Type II
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