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Ernst & Young Interview Questions and Answers
647 Interview questions
WACC, or Weighted Average Cost of Capital, represents a firm's average cost of capital from all sources, weighted by their proportion.
WACC is used to evaluate investment opportunities and assess financial performance.
It combines the cost of equity and the cost of debt, reflecting the risk of the business.
For example, if a company has a WACC of 8%, it means it needs to earn at least 8% on its investments to satisfy...
Auditing involves systematic procedures to ensure accuracy and compliance in financial reporting.
Planning: Define the scope and objectives of the audit.
Risk Assessment: Identify areas of potential risk and material misstatement.
Internal Controls Evaluation: Assess the effectiveness of internal controls.
Fieldwork: Gather evidence through testing transactions and reviewing documentation.
Reporting: Prepare an audit r...
Significant accounts are those that have a major impact on financial statements and decision-making processes.
Accounts with high transaction volumes, e.g., cash and sales accounts.
Accounts that represent a large portion of total assets, e.g., accounts receivable.
Accounts subject to significant estimates or judgments, e.g., allowance for doubtful accounts.
Accounts that are closely monitored for compliance, e.g., ta...
Financial markets facilitate the buying and selling of financial products, impacting economies and investment strategies.
Types of financial markets include stock markets, bond markets, and derivatives markets.
Stock markets allow investors to buy shares of publicly traded companies, e.g., NYSE, NASDAQ.
Bond markets involve the issuance and trading of debt securities, e.g., government bonds, corporate bonds.
Derivativ...
What people are saying about Ernst & Young
CNNs consist of multiple layers that process data hierarchically, extracting features for tasks like image recognition.
Convolutional Layer: Applies filters to input images to create feature maps, e.g., detecting edges.
Activation Layer: Introduces non-linearity, commonly using ReLU (Rectified Linear Unit) to enhance learning.
Pooling Layer: Reduces dimensionality, e.g., Max Pooling selects the maximum value from a f...
Backpropagation is an algorithm used for training neural networks by minimizing the error through gradient descent.
Backpropagation calculates the gradient of the loss function with respect to each weight by the chain rule.
It involves two main phases: forward pass (calculating output) and backward pass (updating weights).
For example, in a neural network, if the output is incorrect, backpropagation adjusts weights t...
Vectorization is the process of converting operations to work on entire arrays or matrices instead of individual elements.
Improves performance by leveraging optimized libraries (e.g., NumPy in Python).
Allows for parallel processing, reducing computation time.
Example: Adding two arrays element-wise can be done in one operation instead of a loop.
Facilitates cleaner and more readable code by reducing the need for exp...
ROC-AUC measures a model's ability to distinguish between classes, providing insight into its performance across thresholds.
ROC (Receiver Operating Characteristic) curve plots True Positive Rate (TPR) against False Positive Rate (FPR).
AUC (Area Under the Curve) quantifies the overall ability of the model to discriminate between positive and negative classes.
An AUC of 0.5 indicates no discrimination (random guessin...
Depreciation is the systematic reduction in the recorded cost of a fixed asset over its useful life.
Depreciation allocates the cost of an asset over its useful life, reflecting wear and tear.
Common methods include straight-line, declining balance, and units of production.
For example, a $10,000 machine with a 10-year life may depreciate $1,000 annually using straight-line method.
Depreciation impacts financial state...
Cash flow refers to the movement of money in and out of a business, crucial for its financial health and operations.
Cash inflow includes revenue from sales, investments, and loans.
Cash outflow consists of expenses like salaries, rent, and utilities.
Positive cash flow indicates a business can meet its obligations; negative cash flow can signal financial trouble.
Example: A retail store receives cash from customers (...
Ernst & Young Interview Experiences
1.2k interviews found
Anonymous
I applied via LinkedIn and was interviewed in Dec 2021. There were 4 interview rounds.
Interview QuestionnaireÂ
6 Questions
- Q1. Tell me about yourself (Typical question)
- Q2. Tell me about EY
- Ans.
EY, or Ernst & Young, is a global leader in assurance, tax, transaction, and advisory services.
Founded in 1989 from a merger of Ernst & Whinney and Arthur Young & Co.
Operates in over 150 countries with more than 300,000 employees.
Provides services in areas like audit, tax, consulting, and advisory.
Known for its commitment to building a better working world.
Offers specialized services like EY-Parthenon for s...
- Q3. Why Do you want to pursue your career in Tax?
- Ans.
I am passionate about tax because it combines analytical skills with the opportunity to help individuals and businesses navigate complex regulations.
Tax is a dynamic field that constantly evolves with new laws and regulations, keeping my work engaging and challenging.
I enjoy problem-solving and analyzing financial data, which are essential skills in tax planning and compliance.
Working in tax allows me to assist clients...
- Q4. Basic Accounting and Taxation questions such as- Golden rule of accounting, TDS, Previous year vs Assessment Year etc
- Q5. Case discussion related to TAX
- Ans. Tell me about your achievements.
- Q6. Why should we hire you?
- Ans.
I bring a unique blend of analytical skills, tax knowledge, and a commitment to excellence that aligns with your team's goals.
Strong analytical skills: I have experience in analyzing complex tax data to identify opportunities for savings, demonstrated in my previous role where I saved the company 15% on tax liabilities.
Attention to detail: My meticulous nature ensures that all tax filings are accurate and compliant, re...
Interview Preparation Tips
Mantras to do well in an interview:
1) Be Confident
2) Good Communication
3) Good Technical Knowledge
Selected
I appeared for an interview before Mar 2024, where I was asked the following questions.
- Q1. Linear Data structure based questions and one tree traversal question
- Q2. Basic good aptitude questions were asked , just simple basic formulas based
- Q3. Simple questions based on arrays and strings were asked during the campus interviews.
I appeared for an interview in Jan 2025, where I was asked the following questions.
- Q1. What are the RAG parameters?
- Ans.
RAG parameters refer to Red, Amber, and Green indicators used for performance and risk assessment.
RAG status is commonly used in project management to indicate progress.
Red indicates critical issues that need immediate attention.
Amber signifies caution, indicating potential risks that require monitoring.
Green shows that everything is on track and progressing as planned.
Example: In a project report, a task marked as Red...
- Q2. What are the AI agents?how we can use tools?
- Ans.
AI agents are autonomous systems that perceive their environment and take actions to achieve specific goals using AI techniques.
AI agents can be classified into reactive agents, deliberative agents, and hybrid agents.
Reactive agents respond to stimuli without internal state; for example, a simple chatbot.
Deliberative agents maintain an internal model of the world and plan actions; for example, a self-driving car.
Hybrid...
- Q3. Explain one interesting project you have worked on and what you have done on that?
- Ans.
Developed a predictive model for customer churn using machine learning techniques to enhance retention strategies.
Utilized Python and libraries like Pandas and Scikit-learn for data manipulation and modeling.
Conducted exploratory data analysis (EDA) to identify key features influencing churn, such as customer engagement metrics.
Implemented a logistic regression model to predict churn probability, achieving an accuracy ...
Interview Preparation Tips
Selected
(2 Questions)
- Q1. What is your experience with Angular, and how does it work? What are pipes and components in Angular?
- Ans.
I have 3 years of experience with Angular. Pipes are used for data transformation and components are building blocks of Angular applications.
I have worked on Angular projects for 3 years, developing and testing various features.
Pipes in Angular are used for transforming data before displaying it in the UI. For example, date pipe formats dates in a specific way.
Components in Angular are reusable building blocks that enc...
- Q2. Can you replicate the screen in Angular that is currently visible on your display?
- Ans.
Yes, I can replicate the screen in Angular that is currently visible on my display.
Use Angular's component structure to recreate the screen
Identify the HTML elements and CSS styles used on the screen
Fetch data from APIs if needed to populate the screen
Ensure functionality like buttons, forms, and interactions are replicated accurately
Multiple questions regarding data structures.
I appeared for an interview in Jan 2025.
(2 Questions)
- Q1. Show architecture of multiple microservice in MS Paint..
- Ans.
Architecture of multiple microservices in MS Paint
Draw separate boxes for each microservice
Connect the boxes with lines to show communication
Label each box with the name of the microservice
Include any databases or external services used by the microservices
- Q2. Why we use dependency injection, draw it inms paint...,first told me give real life example and when I gave the answer he cut me off again..
Interview Preparation Tips
(2 Questions)
- Q1. Never think of joining EY, its better to go for an regular IT company.
- Q2. Look at the case of Anna Sebistian who died in EY.
- Ans.
Anna Sebistian's case raises concerns about workplace safety and mental health in high-pressure environments like EY.
Workplace Environment: High-pressure environments can lead to stress and mental health issues, as seen in Anna's case.
Support Systems: Companies should implement robust support systems, such as counseling services, to help employees cope with stress.
Training and Awareness: Regular training on mental heal...
Interview Preparation Tips
Selected
(2 Questions)
- Q1. Explain projects worked on and benefits
- Q2. What is agile , SDLC, user stories
- Ans.
Agile is a project management methodology focused on iterative development, SDLC is the software development life cycle, and user stories are short descriptions of a feature told from the perspective of the end user.
Agile is a project management approach that emphasizes flexibility, collaboration, and customer feedback.
SDLC is the process of planning, creating, testing, and deploying software applications.
User stories ...
(2 Questions)
- Q1. How will to create a new market in vietnam for LC/BG
- Ans.
To create a new market in Vietnam for LC/BG, we can start by conducting market research, building relationships with local businesses and government agencies, and offering tailored financial solutions.
Conduct market research to understand the needs and preferences of Vietnamese businesses
Build relationships with local banks, businesses, and government agencies to establish credibility and trust
Offer tailored financial ...
- Q2. What is acceptance criteria
- Ans.
Acceptance criteria are conditions that a product must satisfy to be accepted by a user, customer, or stakeholder.
Acceptance criteria are typically defined during the planning phase of a project.
They are used to determine whether a product or feature is complete and functioning as expected.
Acceptance criteria are often written in a specific format, such as 'Given X, when Y, then Z.'
They help ensure that the product mee...
Skills evaluated in this interview
Selected
I applied via Naukri.com and was interviewed in Aug 2024. There were 3 interview rounds.
(4 Questions)
- Q1. DAX Question related to Filter and Time Intelligence function
- Q2. Power BI Service features such as Gateways, RLS, Schedule Refresh
- Q3. Introduction and Current Role Project
- Q4. Power BI desktop features such as Tooltip, Drill Through filter, Bookmarks etc
(5 Questions)
- Q1. Incremental Refresh
- Q2. DAX questions related to Filter, Relationship, Table Manipulation, and Time Intelligence functions
- Q3. Power BI Services features
- Ans.
Power BI Services features include data visualization, interactive reports, dashboards, and data connectivity.
Data visualization tools like charts, graphs, and maps
Interactive reports for exploring data and gaining insights
Dashboards for monitoring key metrics and KPIs
Data connectivity to various sources like Excel, SQL databases, and cloud services
- Q4. SQL Interview Questions
- Q5. Introduction and Current Role Project
(5 Questions)
- Q1. Data Modeling Questions
- Q2. Data Warehousing Concepts such as SCD, Dimension and Fact Tables
- Q3. Scenario Question related to BI tool such as Why you would consider this tool and How is it different from other BI Tools
- Q4. Why are you leaving your last Organisation
- Ans.
Seeking new challenges and growth opportunities in a different environment.
Desire for career advancement
Looking for new challenges
Seeking a change in work environment
Opportunity to learn and grow in a different setting
- Q5. Current role in the Project and ofcourse Introduction was in the first.
Interview Preparation Tips
For Power BI - You can pick for DAX - Learnwidgiggs, and for Others - Amit Chandak, Analytics With Nag playlist are enough to crack the interviews.
Also, you can refer Reza Rad Book, Power Query Book(Ken Puls), Phillip Seamark and Marco Russo DAX book for deep understanding. (these 4 books are enough to crack any interviews)
Skills evaluated in this interview
Selected
I applied via Referral and was interviewed in Sep 2024. There were 3 interview rounds.
(4 Questions)
- Q1. Past Experience and work I performed in the Data Analytic team
- Ans.
I have 3 years of experience working in the Data Analytic team where I analyzed large datasets to provide insights and recommendations.
Performed data cleaning and preprocessing tasks to ensure data accuracy
Utilized statistical analysis and machine learning techniques to extract valuable information
Created data visualizations and reports to communicate findings to stakeholders
- Q2. Power BI- DAX functions, Refresh Rates, Cardinality, Uses of several graphs, KPIs, Reporting
- Q3. SQL- Uses of several functions, intermediate logics asked, Eg- Finding 2nd highest salary, function of RankX, Window functions
- Q4. Data Cleansing and ways to analyse data
- Ans.
Data cleansing involves identifying and correcting errors in data to improve its quality. Ways to analyze data include using statistical methods, data visualization, and machine learning algorithms.
Identify and remove duplicate records
Standardize data formats and values
Fill in missing values using imputation techniques
Use data profiling to understand data quality issues
Apply data validation rules to ensure accuracy
Util...
(1 Question)
- Q1. Raw data was provided and a proper PBI report was asked to be designed.
(2 Questions)
- Q1. Expected Salary and why you find yourself fitting for the role?
- Q2. Working in a Big4 can be overwhelming at times, how would you deal with it as you have already worked for one.
- Ans.
I would deal with the overwhelming nature of working in a Big4 by prioritizing tasks, seeking support from colleagues, and practicing self-care.
Prioritize tasks based on deadlines and importance to avoid feeling overwhelmed
Seek support from colleagues or mentors to discuss challenges and brainstorm solutions
Practice self-care activities such as exercise, meditation, or hobbies to manage stress and maintain work-life ba...
Ankan Das
(5 Questions)
- Q1. Git fetch vs git pull
- Ans.
Git fetch retrieves updates from a remote repository, while git pull fetches and merges them into the current branch.
git fetch updates the local repository with changes from the remote but does not merge them.
Example: 'git fetch origin' fetches changes from the 'origin' remote.
git pull combines 'git fetch' and 'git merge', updating the local branch with remote changes.
Example: 'git pull origin main' fetches and merges ...
- Q2. How hpa works in kubermetes
- Ans.
Horizontal Pod Autoscaler (HPA) automatically adjusts the number of pods in a deployment based on CPU utilization or other metrics.
HPA monitors metrics like CPU and memory usage to determine scaling needs.
It uses the Kubernetes Metrics Server to gather resource usage data.
For example, if CPU usage exceeds a defined threshold, HPA can increase the number of pods.
HPA can also scale down pods when resource usage is low, e...
- Q3. How to terraforn check resources
- Ans.
Terraform checks resources using the 'terraform plan' command to preview changes and 'terraform state' for current resource status.
Use 'terraform plan' to see what changes will be made before applying them.
Run 'terraform apply' to implement the changes after reviewing the plan.
Check the current state of resources with 'terraform state list' to view managed resources.
Use 'terraform show' to display detailed information ...
- Q4. Python basic questions
- Q5. Ejati docker expose and publish command
- Ans.
Docker's EXPOSE and -p options define container ports for communication and mapping to host ports.
EXPOSE command in Dockerfile specifies which ports the container listens on at runtime.
Example: EXPOSE 80 exposes port 80 for HTTP traffic.
-p option in 'docker run' maps a container's port to a host port.
Example: 'docker run -p 8080:80 myapp' maps host port 8080 to container port 80.
Using EXPOSE alone does not publish the ...
Skills evaluated in this interview
Selected
I applied via Campus Placement and was interviewed in Oct 2024. There were 3 interview rounds.
An aptitude test was conducted prior to being selected for Interviews
(3 Questions)
- Q1. Questions based on Resume
- Q2. Questions relating to Accounting
- Q3. Questions relating to IFRS
(3 Questions)
- Q1. Self introduction
- Q2. Hobbies and passions
- Q3. Career goal in 5 years
- Ans.
In the next 5 years, I aim to grow as an Audit Associate, enhance my skills, and contribute to impactful audit projects.
Achieve CPA certification to deepen my understanding of accounting principles and enhance my credibility in the field.
Gain experience in various audit sectors, such as financial services and healthcare, to broaden my expertise.
Take on leadership roles in audit projects, mentoring junior associates and...
Interview Preparation Tips
- IFRS
- Financial Statement Analysis
- Financial Reporting
Ernst & Young Interview FAQs
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Noida,
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