RSM US in India Interview Questions, Process, and Tips for Experienced

Q1. Audit process its steps
Ans. 
Audit process involves planning, testing, evaluating, reporting, and follow-up.
• Planning: Determine scope, objectives, and resources.

• Testing: Gather evidence, perform procedures, and analyze findings.

• Evaluating: Assess compliance, effectiveness, and efficiency.

• Reporting: Communicate results, conclusions, and recommendations.

• Follow-up: Monitor implementation of recommendations and improvements.
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Q2. Controls, industry related questions
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Q1. Technological working experience question
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Q1. Technology and architect
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Q1. Expectations of the roll
Ans. 
The expectations of the role include leading software development projects, mentoring junior engineers, and collaborating with cross-functional teams.
• Lead software development projects from conception to delivery

• Mentor junior engineers and provide guidance on best practices

• Collaborate with cross-functional teams to ensure project success
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Q1. We have to be strong technically to clear this round
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Q1. Discussion was bit delayed in my case
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Q1. Had interview with director for this third round
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Knowledge test of accounting and finance

Q1. Journal and ratio analysis
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Q1. Read a sentence in us accent and answer the question
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Q1. Basic HR question
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Q1. Risk assessment
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Q2. Audit assertions
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Q3. Audit process steps
Ans. 
Audit process steps involve planning, fieldwork, reporting, and follow-up.
• Planning: Establish objectives, scope, and criteria for the audit.

• Fieldwork: Gather evidence, perform tests, and analyze findings.

• Reporting: Document audit results, conclusions, and recommendations.

• Follow-up: Monitor implementation of recommendations and track progress.

• Example: Planning may involve reviewing previous audits and identifying key ri
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Q1. Section 754 election
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Section 754 election allows partnership to adjust the basis of its assets when a partner sells their interest.
• Section 754 election is made by a partnership to adjust the basis of its assets when a partner sells their interest.

• This adjustment helps prevent the double taxation of appreciated assets.

• The election allows the new partner to receive a step-up in basis for their share of the partnership's assets.

• The election m...read more
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Q2. Depreciation related questions
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