Top 20 Interview Questions & Answers for KPMG Audit Associate – 2025

Are you preparing for an interview for a KPMG audit associate position? Look no further! Here are 20 up-to-date interview questions and answers that will help you showcase your technical skills, problem-solving abilities, and alignment with KPMG's values. Stay ahead of the game and ace your interview with these comprehensive questions that cover the key areas of the role.

General Questions

• 1. Why do you want to work for KPMG?
  Answer: I am attracted to KPMG's global reputation for excellence and their commitment to integrity, quality, and client satisfaction. I also admire their focus on diversity and inclusivity in the workplace, which aligns with my own values and career goals.
• 2. Can you tell us about your previous experience in auditing?
  Answer: In my previous role as an audit intern at XYZ Firm, I gained hands-on experience in planning, executing, and documenting audit procedures. I also assisted in preparing financial statements, conducting interviews with clients, and identifying potential risk areas. This experience has prepared me for the responsibilities of an audit associate at KPMG.
• 3. How do you handle tight deadlines and multiple, conflicting priorities?
  Answer: I am skilled at prioritizing and organizing my workload to meet deadlines. I utilize effective time management techniques and communicate clearly with my team to ensure we are all on the same page. I am also open to adjusting my priorities or seeking assistance if needed.
• 4. How do you keep up-to-date with industry developments and regulations?
  Answer: I regularly attend industry seminars and workshops and subscribe to relevant publications. I also make use of online resources and stay in touch with my network of professionals to stay informed about any changes or updates in the industry.
• 5. How do you handle conflicts within a team?
  Answer: I believe in open and respectful communication to resolve conflicts in a professional manner. I am always willing to listen to different perspectives and work towards finding a mutually beneficial solution. If necessary, I will involve a mediator or my supervisor for assistance.

Technical Skills & Experience

• 6. What is your understanding of risk assessment?
  Answer: Risk assessment involves identifying, evaluating, and prioritizing potential risks that may affect the financial statements of an organization. This assessment includes analyzing internal controls, identifying potential fraud or errors, and implementing procedures to mitigate these risks.
• 7. Have you worked with auditing software before?
  Answer: Yes, I have experience working with various auditing software such as IDEA, TeamMate, and ACL. I am proficient in using these tools to conduct data analysis and extract relevant information for the audit process.
• 8. Can you walk us through a financial statement analysis?
  Answer: In a financial statement analysis, I would first review the balance sheet, income statement, and cash flow statement to understand the company's financial performance and position. I would then compare the data to industry benchmarks and identify any discrepancies or potential risks. Finally, I would request supporting documentation and conduct analytical procedures to ensure the accuracy of the financial statements.
• 9. How do you handle sensitive or confidential information?
  Answer: I adhere to ethical and legal standards in handling sensitive information. I understand the importance of maintaining confidentiality and will only share information on a need-to-know basis. I also ensure that all documents are stored securely and dispose of them appropriately.
• 10. Have you ever identified a material misstatement in an audit? If so, how did you handle it?
  Answer: Yes, in my previous role, I identified a material misstatement in the revenue recognition of a client. I immediately brought it to the attention of my supervisor and worked with the team to investigate the issue. We then communicated our findings to the client and recommended corrective actions to ensure the accuracy of their financial statements.

Behavioral Questions

• 11. How do you prioritize and manage your tasks in a fast-paced environment?
  Answer: In the fast-paced world of auditing, I prioritize my tasks based on urgency and importance. I also schedule regular breaks to prevent burnout and maintain a high level of productivity. I am always open to adapting my priorities to meet changing business needs.
• 12. Can you tell us about a time when you had to handle a difficult client?
  Answer: In one audit engagement, the client was resistant to providing certain information and was constantly changing their story. I maintained a calm and professional demeanor and actively listened to their concerns. I was able to gain their trust and eventually obtain the necessary information by finding a compromise that worked for both parties.
• 13. Tell us about a time when you had to make a tough decision based on limited information.
  Answer: In a previous project, I had to make a decision on the materiality of an error based on incomplete information. I consulted with my team and reviewed industry standards to make an informed decision. I also communicated the reasons for my decision to the client and provided supporting documentation.
• 14. How do you handle a mistake made by a team member?
  Answer: Mistakes are a part of the learning process, and I believe in approaching them with a solution-oriented mindset. I would discuss the mistake with my team member privately and determine the root cause. We would then work together to find a solution and implement measures to prevent similar mistakes in the future.
• 15. Can you tell us about a time when you collaborated with other departments or teams to achieve a common goal?
  Answer: In an audit engagement, I worked closely with the tax department to ensure the accuracy of the client's financial statements. We communicated effectively and shared our findings to provide a comprehensive report for the client. This collaboration resulted in a successful audit and strengthened our relationship with the client.

Situational Questions

• 16. If you encounter an unfamiliar area in an audit, how would you approach it?
  Answer: I would first consult with my team and conduct research on the area to gain a better understanding. I would also reach out to subject matter experts or external resources for assistance. Additionally, I would document my findings and any additional procedures performed to ensure compliance with auditing standards.
• 17. How would you handle a conflict of interest with a client?
  Answer: In the case of a conflict of interest, I would immediately disclose the situation to my supervisor and take appropriate actions to remove myself from the engagement. I would also suggest alternative solutions to ensure the integrity and objectivity of the audit.
• 18. If you discover fraud during an audit, what steps would you take?
  Answer: If I discover fraud during an audit, I would first discuss it with my team and supervisor to verify the information. I would then follow the proper procedures outlined by KPMG and relevant governing bodies, which may include escalating the issue to higher management and reporting it to the appropriate authorities.
• 19. How do you handle a difficult conversation with a colleague or supervisor?
  Answer: I approach difficult conversations with empathy and respect, making sure to listen actively and communicate effectively. I am always willing to find a collaborative and respectful resolution to any conflicts or issues that arise.
• 20. In a high-pressure situation, how do you avoid making mistakes?
  Answer: In high-pressure situations, I remain calm and focused by prioritizing tasks and breaking them into manageable chunks. I also utilize effective time-management techniques and communicate clearly with my team to ensure we are all working towards a common goal. If needed, I will ask for support or clarification to prevent mistakes.