The overall process is very well structured. Application was made online by submitting relevant documents on the firm’s portal. Communications on interview appointments were done via email for ease of tracking. Assessment test was also included. The interviewers were the audit managers who are experienced.
It was nice and not lengthy and the people are friendly and talk in a good wayyy, it wad one of the best interviews I have had so far.the whole process took about 2 weeks and some took less tha that,
Interview questions [1]
Question 1
Accounting and external audit basics that u learn in school for entry level job
I applied through an employee referral. I interviewed at KPMG (Gurgaon, Haryana) in Apr 2024
Interview
The interview process has 3 round
1. HR
2. Manager
3. Senior Manager/Onshore Manager
HR was non technical in nature
and Manager and Senior Manager round are technical in nature
Interview questions [1]
Question 1
1. Prior experience
2. What is the impact on your audit if the controls are not operating as expected/intended? Will you qualify your audit report directly?
3. What were the key observations which you identified during your articleship and how you handled them? What was the final outcome of those?
4.a) What are key differences between Ind AS 116 and erstwhile IND AS 17. b) ROU and Lease liabilities concept/calculations c) 2 Exemptions provided by Ind AS 116 ie. Short term leases and Low value leases d) Whether the concept of finance lease and operating lease still there in Ind AS 116?"
5.a) Read IND AS 115 thoroughly and how it is appliable for the industry/sector you have worked on.
5.b) What is the 5 step revenue recognition model as per Ind AS 115?