EY Interview Questions & Answers 2026

EY is a Big 4 firm with strong global presence and India operations. Mention their NextWave strategy (transformation, technology, talent), industry leadership in tech consulting (acquired Capco-like firms), strong tax practice (especially international tax), and EY India's GDS (Global Delivery Services) in Bangalore, Trivandrum, Kochi serving global EY firms.

Ind AS are Indian Accounting Standards converged with IFRS, applicable to listed companies and large unlisted (>250cr net worth). IGAAP was previous accounting framework. Key differences: fair value vs historical cost, treatment of leases (Ind AS 116 - all leases on balance sheet), revenue recognition (Ind AS 115 - 5 step model), financial instruments classification.

Steps: 1) Understand business processes (risk register). 2) Identify key controls (preventive, detective). 3) Walkthroughs to confirm design effectiveness. 4) Testing operating effectiveness via samples. 5) Evaluate deficiencies (significant deficiency, material weakness). 6) Communicate to TCWG (Those Charged with Governance). Mandatory for listed companies under SOX-equivalent provisions.

ESG (Environmental, Social, Governance) is a framework for sustainable business. SEBI mandates BRSR for top 1000 listed Indian companies. Standards: GRI, SASB, TCFD, ISSB (S1, S2). EY helps clients with ESG strategy, reporting, assurance, climate risk assessment, and decarbonization roadmaps. Growing practice with significant talent demand.

Typical EY case: business problem (e.g., declining margins, market entry, M&A). Approach: clarify objective, structure problem (issue tree), gather data via questions, analyze with frameworks (Porter's, BCG, etc.), synthesize insights, recommend with prioritization and risks. Communicate clearly with structure (top-down). 30-45 min round.

Cybersecurity protects systems, networks, and data from attacks. Key concepts: CIA triad (Confidentiality, Integrity, Availability), defense-in-depth, zero trust architecture. Types of attacks: malware, phishing, DDoS, ransomware. Frameworks: NIST CSF, ISO 27001. EY's cybersecurity practice helps clients with threat detection, incident response, and compliance.

Use STAR method. Describe situation, your initiative beyond defined responsibilities (research, additional analysis, stakeholder management), challenges, outcomes (impact on client, team, firm). EY values client-centricity and proactive ownership.