Hi everyone, this topic is for sharing Preparation guidelines and interview experience for Ernst & Young Assurance
The Assurance role at Ernst & Young involves a multi-stage assessment and interview process, designed to evaluate both technical skills and business proficiency. Below is a summary of the process and key points from the interviews you provided:
Assessment Test Rounds:
Round: Aptitude Test
Format: 1-hour online test.
Topics: Data Interpretation, Logical Reasoning, Quantitative Aptitude.
Focus: Solve accurately within time; efficiency and clarity matter.
Outcome (from shared experience): Cleared the round.
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.
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.
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:
Tell me about yourself.
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.
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:
Introduction
PPE assertions
Ind AS 115 steps
Cash and cash equivalents
Risk-based audit
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:
Number of attempts (for the role)
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.
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.
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.