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RSM US in India Audit Associate Interview Questions and Answers

Updated 11 Aug 2024

RSM US in India Audit Associate Interview Experiences

3 interviews found

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Campus Placement 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
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Campus Placement and was interviewed before Aug 2023. There were 3 interview rounds.

Round 1 - Aptitude Test 

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.

Round 2 - Group Discussion 

They have given a Particular topic and divided the teams into 6 and expected us to share our opinion on that

Round 3 - HR 

(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...

  • Answered by AI
  • 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

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be calm and Composed while attending Group Discussion round. There is no compulsion about our truthfulness of the content that we gonna speak thete

Audit Associate Interview Questions Asked at Other Companies

asked in Deloitte
Q1. 8) What is the Bank Reconciliation Statement? Explain with a prac ... read more
asked in PwC
Q2. 2) Ind AS 116, Its objective, Difference between operating Lease ... read more
asked in PwC
Q3. 3) How to do audit of Balance Sheet and Profit & Loss A/c.
asked in Deloitte
Q4. 9) When an Asset increases it must be debited or credited?
asked in Deloitte
Q5. 10) When equity decreases it must be debited or credited?
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via LinkedIn and was interviewed before May 2023. There were 2 interview rounds.

Round 1 - Aptitude Test 

It is the general apti test prepare for math's and accounts questions

Round 2 - Technical 

(1 Question)

  • Q1. Prepare for accounting questions

Interview questions from similar companies

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I applied via Company Website and was interviewed before Apr 2023. There were 2 interview rounds.

Round 1 - Aptitude Test 

Numeeucal, logical reasoning and essay on general topic questions

Round 2 - One-on-one 

(3 Questions)

  • Q1. What is your underatanding of double entry?
  • Ans. 

    Double entry is a fundamental accounting concept where every transaction has equal and opposite effects on at least two accounts.

    • Every transaction involves at least two accounts - one account is debited and another account is credited.

    • Debits and credits must always balance, ensuring the accounting equation (Assets = Liabilities + Equity) remains in equilibrium.

    • Double entry system helps in maintaining accuracy and preve...

  • Answered by AI
  • Q2. How many financial statements are there
  • Ans. 

    There are four main financial statements: balance sheet, income statement, cash flow statement, and statement of changes in equity.

    • Balance sheet shows a company's assets, liabilities, and equity at a specific point in time.

    • Income statement shows a company's revenues and expenses over a period of time.

    • Cash flow statement shows how cash and cash equivalents flow in and out of a company.

    • Statement of changes in equity show...

  • Answered by AI
  • Q3. How would you record a vatable sale
  • Ans. 

    A vatable sale is recorded by issuing a sales invoice with VAT included and recording the VAT separately.

    • Issue a sales invoice with the total amount including VAT

    • Separately record the VAT amount charged to the customer

    • Ensure the VAT amount is correctly calculated based on the applicable rate

    • Include the VAT amount in the total sales revenue for reporting purposes

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Have knowledge on basic accounting as well as audit principles
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Company Website and was interviewed before Dec 2021. There were 3 interview rounds.

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 Resume tips
Round 2 - One-on-one 

(1 Question)

  • Q1. About your previous work
Round 3 - One-on-one 

(2 Questions)

  • Q1. How will you handle situations
  • Q2. Risk of material misstatement procedure
  • Ans. 

    Risk of material misstatement procedure is a process to identify and assess the risk of errors or fraud in financial statements.

    • The procedure involves understanding the entity and its environment, including internal controls.

    • It also includes assessing the risks of material misstatement due to fraud or error.

    • The auditor then designs and performs audit procedures to address the identified risks.

    • Examples of procedures inc...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident and trust yourself. Introduce uourself properly and dont lie about anything
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Double-check your resume for any spelling mistakes. The recruiter may consider spelling mistakes as careless behavior or poor communication skills.
View all Resume tips
Round 2 - HR 

(1 Question)

  • Q1. Tell me about yourself?
Round 3 - Technical 

(1 Question)

  • Q1. Ind AS, Taxation and Audit SA?

Associate Interview Questions & Answers

BDO user image Anonymous

posted on 21 May 2021

Interview Questionnaire 

1 Question

  • Q1. Accounting standards, IFRS, BDO audit methodology

Associate Interview Questions & Answers

BDO user image Anonymous

posted on 30 Apr 2024

Interview experience
2
Poor
Difficulty level
Easy
Process Duration
4-6 weeks
Result
No response

I applied via Referral and was interviewed in Oct 2023. There was 1 interview round.

Round 1 - Technical 

(1 Question)

  • Q1. Audit & Standards related question
Interview experience
4
Good
Difficulty level
Hard
Process Duration
Less than 2 weeks
Result
No response

I applied via Referral and was interviewed in Oct 2023. There were 2 interview rounds.

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 Resume tips
Round 2 - Technical 

(5 Questions)

  • Q1. Audit of Specified Accounts
  • Ans. 

    Audit of specified accounts involves examining specific financial accounts to ensure accuracy and compliance.

    • Identify the specified accounts to be audited based on risk assessment

    • Review transactions and balances related to the specified accounts

    • Perform substantive testing to verify the accuracy of the accounts

    • Document findings and communicate any discrepancies to management

    • Ensure compliance with relevant accounting sta

  • Answered by AI
  • Q2. Ind AS 115, Ind AS 116, Ind AS 2
  • Q3. Difference between Current assets and Financial Assets
  • Ans. 

    Current assets are assets that are expected to be converted into cash or used up within one year, while financial assets are assets that are traded in financial markets.

    • Current assets include cash, accounts receivable, inventory, and prepaid expenses

    • Financial assets include stocks, bonds, derivatives, and other securities

    • Current assets are used in day-to-day operations of a business, while financial assets are typicall

  • Answered by AI
  • Q4. How to determine materiality
  • Ans. 

    Materiality is determined by considering the impact of an error on financial statements and users' decision-making.

    • Consider the size and nature of the item in relation to the financial statements

    • Assess the potential impact on users' decision-making

    • Take into account regulatory requirements and industry standards

    • Use professional judgment to determine materiality thresholds

    • Materiality can vary based on the specific circum

  • Answered by AI
  • Q5. How to do audit of Fixed Assets
  • Ans. 

    Audit of Fixed Assets involves verifying existence, ownership, valuation, and physical condition of assets.

    • Reviewing the fixed assets register to ensure all assets are recorded accurately

    • Physically inspecting the assets to verify their existence and condition

    • Checking ownership documents to confirm legal ownership of the assets

    • Evaluating the valuation method used for fixed assets to ensure it complies with accounting st...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Should Prepare for Technical Questions very Well.
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Approached by Company and was interviewed in Sep 2023. There was 1 interview round.

Round 1 - Technical 

(3 Questions)

  • Q1. About join as (questions based on joins)
  • Q2. About index how to use
  • Q3. How to do optimisation
  • Ans. 

    Optimisation involves finding the best solution to a problem by maximizing or minimizing a certain objective function.

    • Identify the objective function to be optimized

    • Define constraints that need to be satisfied

    • Choose an optimization algorithm such as gradient descent or genetic algorithms

    • Iteratively improve the solution until the optimal solution is found

  • Answered by AI

Skills evaluated in this interview

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RSM US in India Interview FAQs

How many rounds are there in RSM US in India Audit Associate interview?
RSM US in India interview process usually has 2-3 rounds. The most common rounds in the RSM US in India interview process are Aptitude Test, Group Discussion and Technical.
How to prepare for RSM US in India Audit Associate 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 RSM US in India. The most common topics and skills that interviewers at RSM US in India expect are Branch Merchandising, Checking, Crystal Report, Fmea and Human Capital Management.
What are the top questions asked in RSM US in India Audit Associate interview?

Some of the top questions asked at the RSM US in India Audit Associate interview -

  1. What is Audit? EXplain Your views about t...read more
  2. What is Golden rules of accounti...read more
  3. Prepare for accounting questi...read more

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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 Salary
based on 43 salaries
₹4.2 L/yr - ₹11 L/yr
8% more than the average Audit Associate Salary in India
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RSM US in India Audit Associate Reviews and Ratings

based on 7 reviews

3.1/5

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3.0

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3.2

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3.2

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3.0

Job security

2.4

Company culture

2.6

Promotions

2.3

Work satisfaction

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