Test

CBIZ Interview Questions and Answers

Accounting & Consulting Application Specialists

Introduction

CBIZ is one of the US’ leading providers of accounting, tax, and advisory services. Founded in 1996, CBIZ has grown through numerous acquisitions to become a top-ten accounting provider in the United States. The company offers a wide range of services including accounting, tax, financial advisory, valuation, and risk management. CBIZ is known for its focus on serving middle-market clients and its industry-specific expertise.

CBIZ Admissions Statistics

Online Course

Techniques, Tutorials & Past Accounting & Consulting Interview Questions & Model Answers

Interview Tuition

One to One Support With An Accounting & Consulting Interview Specialist. Secure Your First Choice.

Mock Interviews

Schedule Mock Interviews With Our Experienced Tutors To Perfect Your Approach

CBIZ Interview Questions by Category

Accounting and Auditing

   – How would you approach auditing a company’s complex revenue recognition practices?

   – What are key considerations when assessing going concern for a client?

   – How would you handle a disagreement with management over an accounting estimate?

   – What steps would you take to evaluate the effectiveness of internal controls?

   – How do you stay updated with changes in accounting standards?

Tax

   – How would you advise a client on tax planning strategies for their growing business?

   – What approach would you take to help a client with multi-state tax compliance issues?

   – How would you assist a client in navigating a complex IRS audit?

   – What are key considerations in international tax planning for a mid-sized company?

   – How do you keep up with changes in tax legislation?

Financial Advisory

   – How would you approach a business valuation engagement for a private company?

   – What methods would you use to help a client improve their cash flow management?

   – How would you assist a client in preparing for a potential merger or acquisition?

   – What approach would you take for a forensic accounting investigation?

   – How would you advise a client on improving their financial reporting processes?

Risk Management

   – How would you approach conducting an enterprise risk assessment?

   – What cybersecurity measures would you recommend for a mid-sized company?

   – How would you help a client develop a business continuity plan?

   – What approach would you take to assess and improve a client’s internal control environment?

   – How do you stay informed about emerging risks in various industries?

Industry Expertise

– How might recent trends impact the financial reporting of healthcare organizations?

   – What are unique challenges in serving clients in the real estate sector?

   – How would you approach an audit for a government entity?

   – What key financial metrics would you focus on when analyzing a nonprofit organization?

   – How do you develop and maintain industry-specific expertise?

Accounting & Consulting Interview Services

Tailor and optimise your Application with our 1-1 Specialists or prepare in your own time with our Accounting & Consulting Interview Question Bank & Online Course

CBIZ Interview Questions and Answers

How would you approach auditing a company's complex revenue recognition practices?

Auditing complex revenue recognition practices requires a thorough and systematic approach. I’d start by gaining a deep understanding of the company’s business model and various revenue streams. Then, I’d review the company’s revenue recognition policies for compliance with relevant accounting standards, particularly ASC 606. Next, I’d assess the design and implementation of internal controls over the revenue recognition process. For substantive testing, I’d select a sample of transactions, paying close attention to complex arrangements like multiple element contracts or those with variable consideration. I’d perform detailed testing of these transactions, tracing them from initial customer order through to financial statement presentation. Throughout the audit, I’d maintain professional skepticism, remaining alert to potential management bias or fraud risks. Finally, I’d evaluate the adequacy of revenue-related disclosures in the financial statements. This approach would provide reasonable assurance that revenue is properly recognized and reported, even in complex scenarios.

How would you advise a client on tax planning strategies for their growing business?

Advising on tax planning for a growing business involves several key considerations. I’d start by understanding the client’s business model, growth trajectory, and long-term goals. Based on this, I might recommend strategies such as choosing the optimal business structure (e.g., S-corp vs. C-corp) to balance tax efficiency with flexibility for future growth. I’d explore opportunities for tax credits and incentives, such as R&D credits for innovative companies or hiring credits for job creation. For businesses expanding geographically, I’d advise on multi-state tax implications and nexus issues. I’d also discuss the tax implications of different financing options for growth, such as debt vs. equity. Additionally, I’d recommend strategies for tax-efficient compensation structures for key employees. Throughout the planning process, I’d emphasize the importance of maintaining proper documentation and establishing robust tax compliance processes to support the company’s growth. Finally, I’d stress the need for regular reviews of the tax strategy as the business evolves and tax laws change.

How would you approach conducting an enterprise risk assessment?

Conducting an enterprise risk assessment requires a comprehensive and structured approach. I’d begin by defining the scope and objectives of the assessment in collaboration with senior management. Next, I’d identify key stakeholders across different departments and levels of the organization to ensure a broad perspective on potential risks. I would then use a combination of methods to identify risks, including document reviews, interviews, workshops, and industry benchmarking. These risks would be categorized (e.g., strategic, operational, financial, compliance) and assessed based on their likelihood and potential impact. I’d use tools like risk heat maps to visually represent the results. After identifying and assessing risks, I’d work with management to prioritize them and develop appropriate risk response strategies. This might involve risk mitigation plans, risk transfer strategies, or acceptance of certain risks. Finally, I’d develop a report detailing the findings and recommendations, and establish a process for ongoing monitoring and updating of the risk assessment. Throughout the process, I’d emphasize the importance of aligning the risk assessment with the organization’s strategic objectives and fostering a risk-aware culture.

Shopping Cart
Scroll to Top

Intensive BMAT Course

BMAT Timetable

The BMAT Course