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RSM US in India Interview Questions and Answers
17 Interview questions
Major audit observations include inadequate documentation, lack of segregation of duties, and insufficient controls.
Inadequate documentation of transactions and processes
Lack of segregation of duties leading to potential fraud risks
Insufficient controls over financial reporting
Non-compliance with regulatory requirements
Weaknesses in IT security measures
Checks in P2P Audit include vendor verification, invoice accuracy, approval process review, duplicate payments detection, and compliance with policies.
Verify vendor information for accuracy and legitimacy
Ensure invoices match purchase orders and goods received
Review approval process to confirm proper authorization
Detect and prevent duplicate payments
Check for compliance with company policies and regulations
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
Golden rule of accounting states that Debit what comes in and Credit what goes out.
It helps in maintaining the balance in the accounting equation.
For example, when cash is received, it is debited because it comes into the business.
Similarly, when cash is paid out, it is credited because it goes out of the bus...
Develop a nurture build campaign strategy for a given scenario
Identify target audience and segment them based on demographics, behavior, and interests
Create personalized content for each segment to nurture leads through the sales funnel
Utilize email marketing, social media, and retargeting ads to engage with leads at different touchpoints
Track and analyze campaign performance to optimize and adjust strategies acco...
A financial statement is a document that provides an overview of a company's financial performance and position.
Financial statements include the balance sheet, income statement, and cash flow statement.
They are prepared by companies to communicate their financial information to stakeholders.
Financial statements help in assessing the profitability, liquidity, and solvency of a company.
They are used by investors, cr...
Schedules in form 1120 are additional forms used to report specific types of income, deductions, and credits for corporations.
Schedule A - Cost of Goods Sold
Schedule D - Capital Gains and Losses
Schedule J - Accumulated Earnings and Profits
Schedule K - Shareholders' Information
Schedule M-1 - Reconciliation of Income (Loss) per Books With Income per Return
Accrued items on the balance sheet refer to expenses that have been incurred but not yet paid.
Accrued items are liabilities that represent expenses that have been recognized but not yet paid.
They are recorded on the balance sheet as a current liability.
Examples include accrued salaries, accrued interest, and accrued taxes.
Accrued items are typically adjusted at the end of an accounting period to reflect the accura...
Risk refers to the potential for loss or harm, while relevant controls are measures taken to mitigate or prevent those risks.
Risk is the possibility of an event occurring that could negatively impact an organization or individual.
Controls are measures put in place to reduce the likelihood or impact of a risk.
Examples of controls include insurance policies, security protocols, and safety procedures.
Risk assessment ...
Audit is a systematic examination of an organization's financial records, transactions, and processes to ensure accuracy and compliance with regulations.
Audit involves reviewing financial statements, transactions, and internal controls.
It helps identify errors, fraud, and areas for improvement in the organization.
Auditors provide an independent opinion on the fairness of the financial statements.
Types of audits in...
EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure of a company's operating performance.
Calculate EBITDA by adding back interest, taxes, depreciation, and amortization to net income.
EBITDA is used to analyze and compare profitability between companies.
It helps in assessing a company's ability to generate cash flow.
EBITDA is commonly used in valuation and financial an...
RSM US in India Interview Experiences
37 interviews found
Anonymous
(1 Question)
- Q1. How did you handle the team when there was a rush request?
- Ans.
I prioritized tasks, delegated responsibilities, and ensured clear communication to meet the deadline.
Prioritized tasks based on urgency and importance
Delegated responsibilities to team members based on their strengths and availability
Ensured clear communication regarding the rush request and expectations
Monitored progress and provided support as needed
(1 Question)
- Q1. Strategy for a Nurture build campaign based on a given scenario
- Ans.
Develop a nurture build campaign strategy for a given scenario
Identify target audience and segment them based on demographics, behavior, and interests
Create personalized content for each segment to nurture leads through the sales funnel
Utilize email marketing, social media, and retargeting ads to engage with leads at different touchpoints
Track and analyze campaign performance to optimize and adjust strategies according...
(1 Question)
- Q1. How do you manage people when they have different opinions on the strategy you just informed?
- Ans.
I would encourage open communication, listen to their perspectives, and work towards finding a consensus.
Encourage open communication to understand different perspectives
Listen actively to each team member's opinion and concerns
Facilitate a discussion to find common ground and consensus
Consider the merits of each opinion and adjust the strategy if necessary
Focus on the shared goals and objectives to align the team
Interview Preparation Tips
Jatin Gupta
Selected
I applied via LinkedIn and was interviewed in Aug 2024. There were 3 interview rounds.
(1 Question)
- Q1. Screening round
(1 Question)
- Q1. Technical auditing question
(1 Question)
- Q1. Technical Audit questions
(2 Questions)
- Q1. Tell us your major audit observations
- Ans.
Major audit observations include inadequate documentation, lack of segregation of duties, and insufficient controls.
Inadequate documentation of transactions and processes
Lack of segregation of duties leading to potential fraud risks
Insufficient controls over financial reporting
Non-compliance with regulatory requirements
Weaknesses in IT security measures
- Q2. What checks shall be done in P2P Audit
- Ans.
Checks in P2P Audit include vendor verification, invoice accuracy, approval process review, duplicate payments detection, and compliance with policies.
Verify vendor information for accuracy and legitimacy
Ensure invoices match purchase orders and goods received
Review approval process to confirm proper authorization
Detect and prevent duplicate payments
Check for compliance with company policies and regulations
(1 Question)
- Q1. A general call to check on the background.
(1 Question)
- Q1. How would you audit PPE, EQUITY, REVENUE, EXPENSES. ASC 606. How would you tackle a situation when cleint is not providing relevant supports? Tell me about yourself? Walkthough of any process. How would yo...
- Ans.
Auditing PPE, equity, revenue, and expenses requires a systematic approach, especially under ASC 606 guidelines.
PPE: Verify existence through physical inspection and assess valuation using depreciation schedules.
Equity: Review stock issuance documents and ensure compliance with relevant regulations.
Revenue: Under ASC 606, test revenue recognition by examining contracts and ensuring performance obligations are met.
Expen...
(1 Question)
- Q1. About yourself? Deadline ls for 10K/Q. Revenue audit, steps after identifying a deficiency in control? How would you go for misstatement idenfified?
Selected
I appeared for an interview before Mar 2024.
(2 Questions)
- Q1. What are your skills and capabilities?
- Ans.
I possess strong organizational, communication, and leadership skills, essential for effective administration management.
Organizational Skills: Successfully implemented a new filing system that improved document retrieval time by 30%.
Communication: Regularly liaised with cross-functional teams to ensure alignment on project goals, enhancing collaboration.
Leadership: Managed a team of 10, fostering a positive work envir...
- Q2. What leadership experience do you possess?
- Ans.
I have extensive leadership experience managing teams, projects, and fostering collaboration in various roles.
Led a team of 10 in a project that improved operational efficiency by 20%.
Implemented a mentorship program that increased employee retention by 15%.
Facilitated cross-departmental meetings to enhance communication and collaboration.
Managed a budget of $500,000 for departmental projects, ensuring cost-effective s...
(2 Questions)
- Q1. How do you believe you can contribute to this role?
- Ans.
I can enhance efficiency, foster teamwork, and implement strategic initiatives to drive organizational success.
Streamlining processes: For example, I successfully reduced administrative processing time by 20% in my previous role by implementing new software.
Team leadership: I have led cross-functional teams to achieve project goals, improving collaboration and communication.
Strategic planning: I developed a 3-year plan...
- Q2. How do you handle conflicts that arise between the members of your team?
- Ans.
I address team conflicts through open communication, mediation, and fostering a collaborative environment.
Encourage open dialogue: I create a safe space for team members to express their concerns and feelings.
Active listening: I ensure that each party feels heard by summarizing their points and validating their emotions.
Mediation: I step in as a neutral party to facilitate discussions and help find common ground.
Focus ...
(2 Questions)
- Q1. What are your reasons for seeking a job switch?
- Ans.
I'm seeking new challenges and opportunities for growth that align with my career goals and values.
Desire for professional growth: I'm looking for a role that offers more responsibilities and opportunities to lead projects.
Alignment with career goals: My current position doesn't fully align with my long-term career aspirations in administration.
Seeking a dynamic work environment: I thrive in fast-paced settings and wan...
- Q2. What are your expectations from the organization?
- Ans.
I expect a supportive environment that fosters growth, collaboration, and clear communication to achieve organizational goals.
Opportunities for professional development, such as training programs or workshops.
A collaborative culture where team members can share ideas and feedback, enhancing productivity.
Clear communication from leadership regarding organizational goals and expectations.
Recognition and appreciation for ...
Interview Preparation Tips
Basic aptitude questions. Could be done easily if practiced enough
(2 Questions)
- Q1. Introduce yourself
- Q2. Array searching
Vattikonda Shainy
(1 Question)
- Q1. Asked to write a user story
Selected
I applied via Company Website and was interviewed in Apr 2024. There were 2 interview rounds.
(1 Question)
- Q1. Where do you see yourself in 5 years?
(1 Question)
- Q1. When can you join the company?
- Q1. Financial Statement related
- Q2. US Gaap questions
- Q3. Compliance related questions
Selected
I appeared for an interview before Jan 2024.
(1 Question)
- Q1. Background and Product knowledge
(1 Question)
- Q1. Background and product knowledge
(1 Question)
- Q1. Background and product knowledge
(1 Question)
- Q1. Background and product knowledge
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RSM US in India Interview FAQs
The duration of RSM US in India interview process can vary, but typically it takes about less than 2 weeks to complete.
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RSM US in India Interviews By Designations
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RSM US in India Reviews and Ratings
based on 244 reviews
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Bangalore / Bengaluru
7-12 Yrs
Not Disclosed
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