RSM US in India Audit Associate Interview Questions and Answers

1 hour aptitude test

Topic was work from home or work from office

Q1. Introduction, walk me through resume
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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

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

Q1. Prepare for accounting questions
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