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RSM US in India
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RSM US in India Audit Associate Interview Questions and Answers
RSM US in India Audit Associate Interview Experiences
3 interviews found
Anonymous
Selected
I applied via Campus Placement and was interviewed in Jan 2024. There were 3 interview rounds.
1 hour aptitude test
Topic was work from home or work from office
(1 Question)
- Q1. Introduction, walk me through resume
Interview Preparation Tips
- Accounting
Selected
I applied via Campus Placement and was interviewed before Aug 2023. There were 3 interview rounds.
They have given a pre processed financial statements which needs to be filled using various given particulars, Email writing was also part of the test.
They have given a Particular topic and divided the teams into 6 and expected us to share our opinion on that
(2 Questions)
- Q1. What is Audit? EXplain Your views about that
- Ans.
Audit is a systematic examination of an organization's financial records, transactions, and processes to ensure accuracy and compliance with regulations.
Audit involves reviewing financial statements, transactions, and internal controls.
It helps identify errors, fraud, and areas for improvement in the organization.
Auditors provide an independent opinion on the fairness of the financial statements.
Types of audits include...
- Q2. What is Golden rules of accounting?
- Ans.
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
Golden rule of accounting states that Debit what comes in and Credit what goes out.
It helps in maintaining the balance in the accounting equation.
For example, when cash is received, it is debited because it comes into the business.
Similarly, when cash is paid out, it is credited because it goes out of the business
Interview Preparation Tips
Selected
I applied via LinkedIn and was interviewed before May 2023. There were 2 interview rounds.
It is the general apti test prepare for math's and accounts questions
(1 Question)
- Q1. Prepare for accounting questions
Top trending discussions
Interview questions from similar companies
I applied via Referral and was interviewed before Mar 2021. There were 2 interview rounds.
(1 Question)
- Q1. Questions based on SCM
Interview Preparation Tips
Interview Questionnaire
1 Question
- Q1. IFC. CARO. Articleship experience. Some DT &IDT issues.
I applied via Campus Placement and was interviewed in Apr 2020. There was 1 interview round.
Interview Questionnaire
2 Questions
- Q1. Mention key Audit matters with example
- Ans.
Key audit matters are significant areas of the audit that require the most attention and have the highest risk of material misstatement.
Revenue recognition
Impairment of assets
Valuation of inventory
Going concern
Related party transactions
Taxation
Litigation and claims
Acquisitions and disposals
Pensions and other post-employment benefits
Financial instruments
Business continuity and disaster recovery
IT systems and controls
- Q2. Consequence of non deducting TDS
- Ans.
Non deduction of TDS can lead to penalties and legal consequences.
Non deduction of TDS can result in penalties and interest charges.
The taxpayer may also face legal consequences and prosecution.
The deductee may face difficulties in claiming credit for the tax deducted at source.
Non deduction of TDS can also lead to increased scrutiny from tax authorities.
For example, if an employer fails to deduct TDS on salary payment...
Interview Preparation Tips
I applied via Job Portal and was interviewed in Oct 2020. There were 3 interview rounds.
Interview Questionnaire
1 Question
- Q1. Explain revenue recognition concept
- Ans.
Revenue recognition concept refers to the accounting principle that determines when and how revenue is recognized in financial statements.
Revenue is recognized when it is earned and realized or realizable
The amount of revenue recognized should be based on the fair value of the goods or services provided
Revenue recognition can be complex and may require judgment and estimation
Different industries may have different reve...
Interview Preparation Tips
I applied via Campus Placement and was interviewed before Nov 2020. There was 1 interview round.
Interview Questionnaire
2 Questions
- Q1. Guestimate - number of anu malik music CDs sold in 1995
- Ans.
Approximately 1 million Anu Malik music CDs were sold in 1995.
Anu Malik was a popular music composer in the 90s
CDs were the primary mode of music distribution in 1995
Assuming Anu Malik's popularity, 1 million CDs sold seems reasonable
- Q2. Case - increase Starbucks sales in India
- Ans.
Increase Starbucks sales in India case
Conduct market research to understand local preferences and culture
Develop a menu that caters to Indian tastes, such as adding more tea-based drinks
Partner with local businesses and influencers to increase brand awareness
Offer promotions and discounts to attract new customers
Expand store locations to reach more customers in different regions
Interview Preparation Tips
I applied via Company Website and was interviewed in Oct 2020. There were 7 interview rounds.
Interview Questionnaire
1 Question
- Q1. Technical Questions and scenario based questions
Interview Preparation Tips
I applied via Company Website and was interviewed before Mar 2021. There were 2 interview rounds.
Online aptitude test with English grammar and math skills
(3 Questions)
- Q1. What is your family background?
- Q2. Tell me about yourself.
- Q3. What have you studied so far
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RSM US in India Audit Associate Interview Process
based on 4 interviews
1 Interview rounds
- Aptitude Test Round
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RSM US in India Audit Associate Reviews and Ratings
based on 7 reviews
Rating in categories
|
Senior Associate
343
salaries
|  ₹6.5 L/yr - ₹22 L/yr |
|
Associate
184
salaries
| ₹5 L/yr - ₹17.5 L/yr |
|
Supervisor
106
salaries
| ₹12 L/yr - ₹31.5 L/yr |
|
Manager
51
salaries
| ₹22.7 L/yr - ₹45 L/yr |
|
Senior Associate 2
51
salaries
| ₹9.9 L/yr - ₹24 L/yr |
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