RSM India Audit Analyst Interview Questions and Answers

Good aptitude accounting and audit concepts are covered

Q1. What are your best and worst traits/skills/aptitudes?
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General aptitude questions, attention to detail, graphs, accounting questions

Q1. Pure accounting & auditing questions
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Q1. Family background and general personality questions
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Q1. Interview with the director of audit. Technical & HR based questions
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Q1. General discussion.
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Q1. What is depreciation?
Ans. 
Depreciation is the allocation of the cost of a tangible asset over its useful life.
• Depreciation is a non-cash expense that reduces the value of an asset over time.

• It reflects the wear and tear, obsolescence, or decrease in value of the asset.

• Common methods of calculating depreciation include straight-line, double declining balance, and units of production.

• Example: A company purchases a delivery truck for $50,000 with ...read more
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Q2. Does land depreciate?
Ans. 
Land does not depreciate in value over time.
• Land is considered to have an indefinite useful life and therefore does not depreciate.

• Unlike buildings or machinery, land does not wear out or become obsolete.

• The value of land can fluctuate based on factors such as location, demand, and zoning regulations.
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Q3. Tell me about yourself.
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Q4. Golden rule of accounting.
Ans. 
The golden rule of accounting states that debit what comes in and credit what goes out.
• Debit what comes in and credit what goes out

• Assets = Liabilities + Equity

• Revenue increases equity, expenses decrease equity
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Q5. Question on cash flow statement.
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Q6. What do you understand by audit?
Ans. 
Audit is a systematic examination of financial records, statements, or operations to ensure accuracy and compliance with laws and regulations.
• Audit involves reviewing financial records, statements, or operations of an organization.

• The purpose of an audit is to ensure accuracy, reliability, and compliance with laws and regulations.

• Auditors use various techniques such as sampling, testing, and analysis to gather evidence...read more
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Q1. Explain Cash flows
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Cash flows refer to the movement of money in and out of a business or investment.
• Cash flows can be categorized into operating, investing, and financing activities.

• Operating cash flows include revenue and expenses from the core business operations.

• Investing cash flows involve buying or selling assets like property, equipment, or investments.

• Financing cash flows include activities related to raising capital or repaying d...read more
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Q2. The interview went well. The interviewers and HR people were very polite.
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They give you the topic and give you 2min to think on it

Q1. Journal entries
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Q2. Basic accounting questions
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Q1. Tell me about yourself
Ans. 
I am a detail-oriented professional with a strong background in auditing and data analysis.
• I have a Bachelor's degree in Accounting and Finance

• I have experience working as an Audit Intern at XYZ Company

• I am proficient in using data analysis tools such as Excel and Tableau

• I have strong analytical skills and attention to detail
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Q2. Can you travel long
Ans. 
Yes, I am able to travel long distances for work if required.
• I have experience traveling for work in my previous roles

• I am comfortable with long flights or drives

• I am willing to travel for audits as needed
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Q1. Tell me about yourself
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Q2. What you know about our organisation
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Q3. What are the golden rules of Accounting
Ans. 
The golden rules of accounting are basic principles that guide the process of recording financial transactions.
• Debit what comes in, credit what goes out

• Debit the receiver, credit the giver

• Debit expenses and losses, credit income and gains
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Q4. What are key qualities in you
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Q1. 5 SHORTCUTS TO MS EXCEL
Ans. 
5 shortcuts to MS Excel
• Ctrl + C: Copy selected cells

• Ctrl + V: Paste copied cells

• Ctrl + Z: Undo last action

• Ctrl + S: Save current workbook

• Ctrl + F: Find and replace data
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