Ernst Young Assurance Interview Questions & Experience Guide

Interview Preparation
,
1

Ernst Young Assurance Interview Questions & Experience Guide

2

Company Name: Ernst & Young

Position: Assurance

Location: Not specified

Application Process: Applied via Naukri.com before September 2023.

Interview Rounds:

  • Round 1 - Aptitude Test:
    • Questions Asked: Covered topics like data interpretation, Logical Reasoning, and Quantitative aptitude.
    • Your Approach: Focused on solving problems efficiently within the one-hour time frame.
    • Outcome: Cleared the round.

Preparation Tips:

  • Just be confident in what you are saying, and you will clear the interview.
  • Brush up on data interpretation, logical reasoning, and quantitative aptitude topics.

Conclusion:
The interview process was straightforward, with a focus on aptitude skills. Confidence and clarity in responses are key to success. For future candidates, practicing aptitude questions beforehand will definitely help in clearing the round smoothly.

3

Company Name: Ernst & Young (EY)

Position: Assurance

Location: [Location not specified]

Application Process: Applied through campus placement.

Interview Rounds:

  • Round 1 - Technical Interview:
  • Questions Asked:
    • Can you explain audit procedures?
  • Your Approach: I explained the key steps involved in audit procedures, such as planning, risk assessment, evidence gathering, and reporting. I also gave examples of how these procedures ensure financial accuracy and compliance.
  • Outcome: Passed this round and moved to the next stage.

Preparation Tips:

  • Focus on understanding audit procedures and their practical applications.
  • Brush up on financial accounting and reporting concepts.
  • Practice explaining technical terms in simple, clear language.

Conclusion:
The interview was a great learning experience. I realized the importance of being clear and concise while explaining technical concepts. For future candidates, I’d recommend practicing mock interviews to build confidence.

4

Company Name: Ernst & Young

Position: Assurance

Application Process: The application process involved a one-on-one interview round as part of the selection process for the Assurance role.

Interview Rounds:

  • Round 1 - One-on-One Interview:
    • Questions Asked:
      1. Tell me about yourself.
      2. Describe a time you had a conflict at work.
    • Your Approach:
      • For the first question, I provided a concise overview of my background, education, and relevant experiences, focusing on how they align with the Assurance role.
      • For the second question, I shared a specific example of a workplace conflict, explained how I handled it, and highlighted the positive outcome or lesson learned.
    • Outcome: The interview went well, and I received positive feedback on my responses.

Preparation Tips:

  • Practice structuring your “Tell me about yourself” response to highlight relevant skills and experiences.
  • Prepare STAR (Situation, Task, Action, Result) method examples for behavioral questions like conflict resolution.
  • Research the company and role to align your answers with their expectations.

Conclusion:
Overall, the interview was a great learning experience. I felt confident in my responses, but I could have prepared more examples of workplace scenarios to ensure variety. For future candidates, I recommend thorough preparation for behavioral questions and staying calm and composed during the interview.

5

Company Name: Ernst & Young

Position: Assurance

Location: [Location not specified]

Application Process: Applied via referral in October 2022.

Interview Rounds:

  • Round 1 - Resume Shortlist:

    • Questions Asked: N/A (Resume screening round)
    • Your Approach: Ensured my resume was crisp and highlighted relevant skills and experiences.
    • Outcome: Successfully shortlisted for the next round.

  • Round 2 - Technical Round:

    • Questions Asked:
      1. Introduction
      2. PPE assertions
      3. Ind AS 115 steps
      4. Cash and cash equivalents
      5. Risk-based audit
      6. A few HR-based questions
    • Your Approach: Prepared thoroughly on technical topics related to assurance and auditing. Practiced explaining concepts clearly.
    • Outcome: Performed well and advanced to the next round.

  • Round 3 - HR Round:

    • Questions Asked:
      1. Number of attempts (for the role)
      2. Preferred location
    • Your Approach: Answered honestly and confidently, ensuring alignment with the company’s expectations.
    • Outcome: Cleared the HR round successfully.

Preparation Tips:

  • Be confident during the interview.
  • Thoroughly prepare your resume and be ready to explain every detail.
  • Work on strong communication skills to articulate your thoughts clearly.

Conclusion:
Overall, the interview process was smooth and well-structured. Being well-prepared on technical topics and maintaining confidence were key to my success. For future candidates, focus on understanding core assurance concepts and practice clear communication.

6

Company Name: Ernst & Young

Position: Assurance

Location: [Not specified]

Application Process: Applied via campus placement before August 2020.

Interview Rounds:

  • Round 1 - Technical Interview:

  • Questions Asked:

    • Tell me about yourself.

  • Your Approach:

    • Prepared a concise introduction highlighting my academic background, relevant skills, and interest in assurance.

  • Outcome:

    • Successfully cleared the round.

  • Round 2 - HR Interview:

  • Questions Asked:

    • [Details not provided]

  • Your Approach:

    • Focused on aligning my skills and experiences with the role of Assurance.

  • Outcome:

    • Cleared the round.

  • Round 3 - Aptitude Test:

  • Questions Asked:

    • [Details not provided]

  • Your Approach:

    • Practiced basic aptitude questions beforehand.

  • Outcome:

    • Cleared the round.

  • Round 4 - Interview:

  • Questions Asked:

    • [Details not provided]

  • Your Approach:

    • Emphasized my understanding of assurance and related skills.

  • Outcome:

    • Cleared the round.

Preparation Tips:

  • Have basic accounting and finance knowledge.
  • Practice aptitude tests and be ready for technical and HR questions.

Conclusion:
The overall interview process was smooth, and I felt well-prepared. Focusing on foundational knowledge in accounting and finance was key. For future candidates, I recommend thorough preparation in these areas and practicing common interview questions.

7

Company Name: Ernst & Young

Position: Assurance

Location: Not specified

Application Process: I was interviewed before May 2016. The process included 5 interview rounds, starting with a resume shortlist.

Interview Rounds:

  • Round 1 - Resume Shortlist:

  • Questions Asked: Not specified.

  • Your Approach: Ensured my resume highlighted relevant skills like internship experience and strong communication.

  • Outcome: Successfully shortlisted for the next round.

  • Round 2 - Case Study:

  • Questions Asked: Case studies were provided, which we had to analyze and mail back.

  • Your Approach: Focused on structuring the case study logically and providing clear, concise solutions.

  • Outcome: Advanced to the next round.

  • Round 3 - HR Interview:

  • Questions Asked: Not specified.

  • Your Approach: Emphasized my communication skills and confidence, aligning my responses with the company’s values.

  • Outcome: Progressed further in the process.

  • Round 4 - Technical Interview:

  • Questions Asked: Not specified.

  • Your Approach: Prepared by revising key technical concepts relevant to assurance and auditing.

  • Outcome: Moved to the final round.

  • Round 5 - Final Interview:

  • Questions Asked: Not specified.

  • Your Approach: Combined technical knowledge with soft skills to present myself as a well-rounded candidate.

  • Outcome: Awaiting results.

Preparation Tips:

  • Focus on building strong communication and confidence.
  • Highlight internship experiences and relevant skills like statutory audit, IFRS, and US GAAP.
  • Practice case studies to improve analytical and problem-solving abilities.

Conclusion:
The interview process was rigorous but well-structured. I felt confident in my preparation, especially in the case study and HR rounds. For future candidates, I’d recommend thoroughly understanding auditing standards and practicing case studies to stand out.