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PKF International Audit Senior Interview Questions and Answers
PKF International Audit Senior Interview Experiences
1 interview found
Anonymous
I applied via Company Website and was interviewed in Dec 2024. There was 1 interview round.
(4 Questions)
- Q1. Types of Leases as per Ind AS 116
- Ans.
Types of leases under Ind AS 116 include finance leases and operating leases.
Finance leases involve transferring substantially all risks and rewards of ownership to the lessee.
Operating leases do not transfer risks and rewards of ownership to the lessee.
Examples of finance leases include long-term equipment leases, while examples of operating leases include short-term office space rentals.
- Q2. Debtor O/s from 3 years. How will you deal with it in audit report?
- Ans.
Debtor O/s from 3 years should be investigated thoroughly and disclosed appropriately in the audit report.
Review the aging of the debtor and assess the collectability of the outstanding amount.
Investigate the reasons for the outstanding balance, such as disputes, credit terms, or financial difficulties.
Consider the need for a provision for bad debts if the debt is deemed uncollectible.
Disclose the details of the debtor...
- Q3. What are the steps you follow while auditing Sundry Creditors?
- Ans.
Steps followed while auditing Sundry Creditors
Verify the existence of the creditors by confirming with the company's records
Review the aging schedule to ensure accuracy of outstanding balances
Check for any unrecorded liabilities or duplicate payments
Confirm balances with creditors through direct communication or statements
Investigate any significant discrepancies or unusual transactions
- Q4. Various other questions based on my Resume & sectors which I have worked with.
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I applied via Campus Placement and was interviewed before May 2020. There were 4 interview rounds.
Interview Questionnaire
1 Question
- Q1. General questions
Interview Preparation Tips
Interview Preparation Tips
Experience: The first round had two sections. First section consisted of general aptitude and technical aptitude questions. In the second section we were given one coding question, for which we had to write the code in a language of our preference (C,C++,Java). Around 20 students were selected in the first round.
Round: Technical Interview
Experience: The second round was a technical interview. Two interviewers were present and the interview duration was 1-1.5 hours. Questions on Computer Networks, Databases, Operating Systems, Algorithms were asked. But they were more concerned about coding fundamentals especially C++ and Java. 6 students were selected in the second round.
Round: Technical Interview
Experience: Third round was again a technical interview. The interview process was same as previous second round.
Round: HR Interview
Experience: All the 6 students who were selected for the third round had a HR interview.
General Tips: The technical interview process was exhausting as the interview duration was 1-1.5 hours and challenging as they asked questions from all major fields of computer science.
Skill Tips: Prepare a decent resume and have at least 3-4 hard copies of it available with you all the times.Also do carry passport size photos with you. While going for interviews wear proper formals,carry 2-3 copies of resume and a pen.
Skills: C, Basic coding questions, Database, Data structures, Computer Networks, OS, Algorithms
College Name: NIT SURATHKAL
I appeared for an interview before Apr 2021.
(1 Question)
Round duration - 40 minutes
Round difficulty - Medium
The test has 3 sections :
1. Quantitative contains 20 questions. These questions are easy to me. If u practice quant, you can easily solve it.
2. Technical contains 20 questions. Some questions are on C , C++ , java outputs. Remaining are based on DSA. If u Know all the time complexities of algorithms then it is easy . In technical they gave one DSA problem.
3. Essay: They have given one picture and then asked to write an essay by seeing the picture.
- Q1.
Dijkstra's Algorithm for Shortest Path
Given an undirected graph with 'V' vertices labeled from 0 to V-1 and 'E' edges. Each edge has a weight that represents the distance between two nodes 'X' and 'Y'.
...
- Ans.
Dijkstra's algorithm is used to find the shortest path distances from a source node to all other vertices in a graph.
Dijkstra's algorithm is a greedy algorithm that finds the shortest path from a source node to all other nodes in a graph.
It uses a priority queue to select the node with the smallest distance and relaxes its neighbors.
The algorithm maintains a distance array to keep track of the shortest distances from t...
(3 Questions)
Round duration - 60 minutes
Round difficulty - Easy
3 persons are there in panel. They are asking questions on basic concepts in subjects and some advanced concepts.
- Q1. What is a Daemon Process?
- Ans.
A daemon process is a background process that runs continuously to perform system tasks.
Daemon processes do not have a controlling terminal.
They typically run in the background and perform tasks such as managing hardware devices, network services, or system maintenance.
Examples of daemon processes include cron, sshd, and apache.
Daemon processes are often started during system boot and run until the system is shut down.
- Q2. What are the advantages of system calls in operating systems?
- Ans.
System calls provide a way for user-level processes to interact with the operating system kernel.
System calls allow user programs to request services from the operating system.
They provide a secure and controlled way for applications to access system resources.
System calls enable processes to perform tasks such as file operations, network communication, and process management.
Examples of system calls include open(), re...
- Q3. Can you explain the select() system call?
- Ans.
The select() system call is used in Unix-like operating systems to monitor multiple file descriptors for activity.
select() allows a program to wait for multiple I/O operations to complete on multiple file descriptors.
It takes three sets of file descriptors as arguments - readfds, writefds, and errorfds.
The function will block until an activity is detected on one of the file descriptors or until a timeout occurs.
select(...
Interview Preparation Tips
Tip 1 : Must do Previously asked Interview as well as Online Test Questions.
Tip 2 : Go through all the previous interview experiences from Codestudio and Leetcode.
Tip 3 : Do at-least 2 good projects and you must know every bit of them.
Tip 1 : Have at-least 2 good projects explained in short with all important points covered.
Tip 2 : Every skill must be mentioned.
Tip 3 : Focus on skills, projects and experiences more.
Skills evaluated in this interview
I appeared for an interview before Apr 2021.
(2 Questions)
Round duration - 45 minutes
Round difficulty - Medium
Technical Interview round with questions on DSA.
- Q1.
Binary Tree Mirror Conversion Problem
Given a binary tree, your task is to convert it into its mirror tree.
A binary tree is a data structure where each parent node has at most two children.
The mirror ...
- Q2.
Maximum Sum Subarray Problem Statement
Given an array of integers, find the maximum sum of any contiguous subarray within the array.
Example:
Input:
array = [34, -50, 42, 14, -5, 86]
Output:
137
Exp...
- Ans.
Find the maximum sum of any contiguous subarray within an array in O(N) time complexity.
Iterate through the array and keep track of the maximum sum of subarrays encountered so far
At each index, decide whether to include the current element in the subarray or start a new subarray
Update the maximum sum if a new maximum is found
Example: For array [34, -50, 42, 14, -5, 86], the maximum sum subarray is [42, 14, -5, 86] with...
(2 Questions)
Round duration - 45 minutes
Round difficulty - Hard
Technical Interview round with questions on DSA.
- Q1.
Find the Largest BST Subtree in a Given Binary Tree
Your task is to determine the size of the largest subtree of a given binary tree which is also a Binary Search Tree (BST).
BST Definition:
- The left...
- Ans.
Find the size of the largest subtree in a binary tree that is also a Binary Search Tree (BST).
Traverse the binary tree in a bottom-up manner to check if each subtree is a BST.
Keep track of the size of the largest BST subtree encountered so far.
Use the properties of a BST to determine if a subtree is a valid BST.
Consider edge cases such as empty tree or single node tree.
Example: For input 1 2 3 4 -1 5 6 -1 7 -1 -1 -1 -1...
- Q2.
Next Higher and Previous Lower Number with Same Number of Set Bits
Given a positive integer
n, the task is to find the next smallest integer and the previous largest integer that contain the exact same nu...
Interview Preparation Tips
Tip 1 : Must do Previously asked Interview as well as Online Test Questions.
Tip 2 : Go through all the previous interview experiences from Codestudio and Leetcode.
Tip 3 : Do at-least 2 good projects and you must know every bit of them.
Tip 1 : Have at-least 2 good projects explained in short with all important points covered.
Tip 2 : Every skill must be mentioned.
Tip 3 : Focus on skills, projects and experiences more.
Skills evaluated in this interview
Interview Preparation Tips
Experience: CAT-type data interpretation test.30 questions in 35 minutes.Fast graph interpretation and quick calculations.
Tips: CAT preparation will help.
Duration: 35 minutes
Total Questions: 30
Round: Case Study Interview
Experience: A simple case, based on the credit card industry or any other field, is given. Cases lay more focus on quantitative skills apart from the focus on asking the right questions.There is a shortlist made after each case round.
Tips: Fast calculation and insight into what data may be required to solve the case are essential.Practice the cases given on their website and at www.beprepared.in.
Round: Behavorial Interview
Experience: Questions are asked based on incidents- give examples of instances when you led a team successfully or when you had to go against your team, etc.
Tips: Practice HR questions from HLPQ.
General Tips: Positions Of Responsibility (PORs) are required but not mandatory. They are of secondary importance if one has scored well in the exam. A good CV with good internships/projects will help one to get shortlisted.
Skill Tips: "Student needs to be quick with simple percentage calculations."
Skills: Basic Quantitative skills
College Name: IIT Kharagpur
Interview Preparation Tips
Experience: Written Test ( DI questions, each involving 2-3 plots)
Round: Interview
Experience: Started with a “Tell me something about your-self question”. I believe it was just to set the ball rolling and was not evaluated. The interviewer then gave me a case question wherein I had to make a choice between a diesel and a petrol car. There were 3 parts to the question (some candidates were asked 1 / 2 as well). The first dealt with finding the breakeven point given the basic set of cost, fuel price and fuel consumption data. Next was to find breakeven considering the money was acquired at a certain rate of interest (bond/loan). Both these results involved basic calculation and I was comfortable with them. The final part was about calculating the breakeven, again, but this time considering depreciation. This is where I was caught off guard and though I did turn up with a figure, the interviewer was not completely satisfied.
General Tips: Do get a basic background of the firm and also about terms in the related field.
Skill Tips: I was not hesitant and was reasonably confident while answering. What went wrong was perhaps the fact that I was caught unaware of how depreciation works and how it had to be included in the equation. I fumbled a lot with the equation and puzzled as to where to include terms for depreciation etc.
College Name: IIT KANPUR
Interview Preparation Tips
Experience: There was test which was purely data analysis and calculator was allowed. So the procedure that they follow is that first they shortlist 50 people and a small case interview is followed. The case I was asked was to calculate the change in the cost of a grocery store if it has changed its model from cash on delivery with a physical store to an online portal which has cash on delivery option. As I had practiced it already I took some time to give structure and then gave 3-4 reasons for change in cost and then he gave me some numbers based on which I had to calculate the break even time period or amount . But I think he expected a little bit different approach or was searching for a different solution as I wasn't selected for the final interview sessions. I think 22 people were selected for the final interview session out of which 2 people were finally selected in Cap One.
College Name: IIT KANPUR
Interview Preparation Tips
Experience: I started my placement journey by getting shortlisted in Capital One on Day 1. They shortlisted 125 candidates on the basis of resume.
Round: Case Study Interview
Experience: Then, they took a case study interview and reduced the number to 30.
Round: Test
Experience: Then, they again took an aptitude test and selected none of them. But, on the day 2, I sat for the GDs and interviews of Coca Cola and got selected.
College Name: IIT KANPUR
Interview Preparation Tips
Experience: There was initially an interview of about 5 mins in which they asked me to describe a situation where I worked in a team.
Round: Case Study Interview
Experience: Then there was a case study round. It was a slightly involved case on the credit card industry and involved a lot of
calculations. There were 3 different credit card strategies with different rates of interest and credit limits and we had to choose the best strategy for the company. I came up with correct strategy and hence got through the first round.
The 2nd case was that of Dominos evaluating a new scheme wherein they would offer a 30% discount instead of 100%, in cases where the pizzas could not be delivered within 30 minutes. Next the discount was changed to 70%. I was asked to evaluate the on-time delivery that they can risk not to have in order to make the same profit as they make when they give 100% discount and have 90% on-time delivery. Then I was asked to plot a graph between on-time delivery and the discount offered and interpret it. It was there that I lost track and couldn't come up with the right conclusion. Nevertheless I was selected for the next round.
Round: Behavioural Interview
Experience: It was a behavioral interview wherein I had to describe them 3 situations in detail. During the entire interview the interviewer kept writing something on the paper. The key to this round was choosing the right incidents and then describing each and every point in detail. It lasted for about 30 mins. Ideally there were to be only 2 rounds of case interview and one behavioral interview but I was again called for a 3rd case interview round. It was very similar to the 1st case except that the credit card company was replaced by a dish-tv one. This one didn't go very well as I was very much exhausted and hence faltered at several places.
College Name: IIT KANPUR
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