Hi everyone, this topic is for sharing Preparation guidelines and interview experience for EY Internal Audit
The Internal Audit role at EY 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 1: Aptitude Test
General aptitude questions covering quantitative, logical, and verbal reasoning.
Focus on time management and accuracy.
Note: Some candidates reported a direct interview after resume shortlisting (no aptitude), with potentially long wait times.
Interview Rounds:
HR Interview
Discussion on CV, past experiences, and motivation for joining EY.
Technical Interview
Internal audit process knowledge (P2P, H2R, O2C), risks, and control testing methods; accounting basics including journal entries for tax and GST; business awareness.
Alternate Path: Single Interview Round
Post resume shortlisting; experience varied, with reports of long waiting times and brief interactions.
Interview Preparation Tips:
Be ready to introduce yourself fluently for 5–10 minutes.
Know your CV thoroughly; be prepared to discuss articleship/internship/previous roles, key learnings, and achievements.
Master core processes: Procure-to-Pay (P2P), Hire-to-Retire (H2R), and Order-to-Cash (O2C), including major risks and control testing approaches.
Brush up basic accounting, especially journal entries for tax and GST.
Stay updated on recent economic developments and be able to discuss potential impacts on clients.
Practice clear, confident communication; English fluency matters.
For aptitude tests, practice quantitative, logical, and verbal reasoning with emphasis on time management.
Be mentally prepared for potential long waits; stay patient, composed, and positive.
Technical/Domain: Internal Audit and Accounting
Explain the end-to-end Procure-to-Pay (P2P) process. What are the major risks at each stage, and how would you test the related controls?
Explain the Hire-to-Retire (H2R) process. What key risks do you see, and how would you perform control testing?
Explain the Order-to-Cash (O2C) process. Identify major risks and describe how you would test controls.
Pass the journal entries for tax and GST scenarios.
Questions on general accounting concepts (unspecified).
Business Awareness/Current Affairs
What recent developments in the economy are you following, and how could they impact EY or our clients?
HR/Personality/Behavioral
Tell me about yourself. (Be prepared to speak for 5–10 minutes.)
Walk me through your CV and past experiences.
What were your key learnings and achievements during your articleship/internship/previous job?
Why do you want to join EY?
Assessment/Aptitude
Quantitative aptitude questions.
Logical reasoning questions.
Verbal reasoning questions.
If you have attended the process from your campus, pls share your experiences here; Please follow guidelines
Application Process: After resume shortlisting, there was an interview round. The interview process was very lengthy and hectic. My turn came after 8 hours only. At that time, it seemed that they weren’t in the mood, so they kept my interview short. Overall, it was a bad experience.
Interview Rounds:
Round 1 - Interview:
Questions Asked: Not specified.
Your Approach: Due to the long waiting time and the interviewer’s apparent disinterest, I tried to keep my responses concise and to the point.
Outcome: The interview was cut short, and the experience was unsatisfactory.
Conclusion:
The overall experience was disappointing due to the lengthy waiting time and the interviewer’s lack of engagement. If I could do it differently, I would try to stay more patient and composed despite the delays. For future candidates, I’d advise preparing for potential long waits and staying positive even if the interviewers seem disinterested.
Application Process: Applied through campus placement.
Interview Rounds:
Round 1 - HR Round:
Questions Asked: Basic questions about background, interests, and why EY.
Your Approach: Kept answers concise and aligned with the role.
Outcome: Cleared the round as it was mostly a formality.
Round 2 - Technical Round:
Questions Asked: Detailed questions about resume, including past projects, internships, and technical skills relevant to internal audit.
Your Approach: Explained my experiences clearly and linked them to the role’s requirements.
Outcome: Successfully cleared the round.
Round 3 - Partner Round:
Questions Asked: Focused on presentation skills, interpersonal abilities, and situational questions.
Your Approach: Stayed confident, articulated thoughts well, and maintained a professional demeanor.
Outcome: Cleared the final round.
Preparation Tips:
Revise your resume thoroughly as the technical round can be intense.
Practice situational and behavioral questions for the partner round.
Be prepared for delays; the process can take longer than expected.
Conclusion:
Overall, the interview process was smooth but lengthy. The technical round was the most challenging, so ensure you know your resume inside out. Confidence and clarity in communication helped me clear the final round. Good luck to future candidates!
Application Process: The interview process consisted of three rounds: Group Discussion (GD), Technical Interview, and HR Interview. The application was likely through campus placement or online, though the exact method wasn’t specified.
Interview Rounds:
Round 1 - Group Discussion (GD):
Questions Asked: The topic for the GD wasn’t specified, but it was described as smooth.
Your Approach: Participated actively and ensured clear communication.
Outcome: Successfully cleared the GD round.
Round 2 - Technical Interview:
Questions Asked: Conceptual questions about accounts and audit. The questions were simple but required a strong grasp of fundamentals.
Your Approach: Focused on clarity and accuracy while answering, ensuring to explain concepts thoroughly.
Outcome: Cleared the technical round.
Round 3 - HR Interview:
Questions Asked: The specifics weren’t mentioned, but the interviewer’s attitude was described as unprofessional.
Your Approach: Maintained professionalism despite the interviewer’s demeanor.
Outcome: The interviewer was reportedly arrogant and dismissive, especially regarding higher qualifications. The outcome of this round wasn’t explicitly stated.
Conclusion:
The overall experience was mixed. The GD and technical rounds were straightforward and manageable with good preparation. However, the HR round was disappointing due to the interviewer’s unprofessional behavior. For future candidates, it’s important to stay calm and composed, even in challenging situations. Focus on mastering the basics of accounts and audit for the technical round, and be prepared for unexpected attitudes in HR interviews.
Application Process: The application process included an aptitude test and technical questions round, primarily to assess technical and communication skills.
Interview Rounds:
Round 1 - Aptitude Test:
Questions Asked: General aptitude questions covering quantitative, logical, and verbal reasoning.
Your Approach: Focused on time management and accuracy, ensuring all sections were attempted.
Outcome: Cleared the round successfully.
Round 2 - Technical Interview:
Questions Asked:
“Tell me about yourself” (expected to speak for 5-10 minutes).
Details about articleship/internship/previous job, including learnings and achievements.
Recent developments in the economy.
Key processes like Procure to Pay, Hire to Retire, and Order to Cash, along with major risks and control testing methods.
Your Approach: Prepared thoroughly for each topic, ensuring clarity and confidence in responses. Emphasized practical experiences and recent economic updates.
Outcome: Performed well due to preparation and fluency in English.
Preparation Tips:
Be ready to speak about yourself for 5-10 minutes.
Highlight your articleship/internship/previous job experiences, focusing on learnings and achievements.
Stay updated on recent economic developments.
Master key processes like Procure to Pay, Hire to Retire, and Order to Cash, including their risks and control testing methods.
Confidence and fluency in English are crucial.
Conclusion:
The interview process was structured and focused on both technical knowledge and communication skills. Preparing thoroughly for the key processes and staying confident during the interview helped me perform well. For future candidates, I’d recommend focusing on these areas and practicing fluency in English.
Questions Asked: The interview focused on process-specific questions related to Internal Audit. The exact questions were not detailed, but the discussion revolved around the candidate’s experience and understanding of internal audit processes.
Your Approach: The candidate likely relied on their prior experience in internal audit to address the questions, emphasizing their knowledge of audit methodologies and compliance.
Outcome: The interview lasted 15-20 minutes, and the candidate did not specify the outcome.
Preparation Tips:
Brush up on internal audit frameworks and methodologies.
Be prepared to discuss your experience in detail, especially any relevant projects or challenges you’ve handled.
Conclusion:
The interview was concise and focused on the candidate’s expertise in internal audit. While the outcome wasn’t shared, the experience highlighted the importance of being well-versed in audit processes and ready to discuss real-world applications.
Application Process: The application process involved a three-level interview. The first round was with HR, followed by two technical rounds (Level 1 and Level 2).
Interview Rounds:
Round 1 - HR Interview:
Questions Asked: General questions about my background, motivation for applying, and understanding of the role.
Your Approach: I focused on aligning my skills and experiences with the requirements of the Internal Audit role and emphasized my enthusiasm for the position.
Outcome: Successfully cleared the HR round and moved to the technical rounds.
Round 2 - Level 1 Technical Interview:
Questions Asked: Questions about my current profile, how it has benefited my organization, and specific scenarios related to internal audit processes.
Your Approach: I provided concrete examples of my contributions and linked them to the skills required for the Internal Audit role. I also discussed relevant audit methodologies I was familiar with.
Outcome: Advanced to the next technical round.
Round 3 - Level 2 Technical Interview:
Questions Asked: More in-depth questions about my current role, challenges faced, and how I handled them. They also asked about my understanding of EY’s audit framework.
Your Approach: I elaborated on my problem-solving skills and shared instances where I identified and mitigated risks. I also researched EY’s audit practices beforehand to align my answers.
Outcome: Cleared the round and received positive feedback.
Preparation Tips:
Research the company’s audit methodologies and frameworks.
Prepare examples of how your current role aligns with the Internal Audit position.
Practice answering situational and behavioral questions related to audit processes.
Conclusion:
The interview process was thorough but well-structured. I felt prepared due to my research and practice. One thing I could have done better is to ask more insightful questions about the team and projects during the interview. For future candidates, I recommend focusing on real-life examples and understanding the company’s approach to internal audit.
Application Process: Applied through campus placement.
Interview Rounds:
Round 1 - HR Interview:
Questions Asked: General questions about my CV, past experiences, and why I wanted to join EY.
Your Approach: I focused on highlighting my relevant experiences and how they aligned with the role. I also expressed my enthusiasm for the company and the position.
Outcome: Passed this round and moved to the next stage.
Round 2 - Technical Interview:
Questions Asked: Questions related to journal entries for tax and GST, as well as some general accounting concepts.
Your Approach: I reviewed basic accounting principles beforehand and practiced journal entries. During the interview, I took my time to think through the questions before answering.
Outcome: Successfully cleared this round as well.
Preparation Tips:
Brush up on basic accounting concepts, especially journal entries related to tax and GST.
Be prepared to discuss your CV in detail, as HR questions are often based on it.
Practice explaining your past experiences clearly and concisely.
Conclusion:
Overall, the interview process was smooth and the questions were fair. I felt well-prepared, but I could have practiced more technical questions to feel even more confident. My advice for future candidates is to thoroughly review your CV and ensure you understand the basics of accounting and auditing.