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Sikich Interview Questions and Answers

Accounting & Consulting Application Specialists

Introduction

Sikich LLP is a leading professional services firm specializing in accounting, advisory, technology, and managed services. Founded in 1982, Sikich has grown significantly, offering a comprehensive range of services to clients across various industries, including manufacturing and distribution, construction, healthcare, and professional services. Sikich is known for its innovative approach, leveraging technology and industry-specific expertise to deliver tailored solutions that drive business success.

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Interview Questions by Category

Company Specific Questions

  • What interests you most about working at Sikich?
  • How would you leverage Sikich’s technology solutions to benefit a client?
  • Can you describe a situation where you helped improve a client’s operational efficiency?
  • What do you know about Sikich’s industry-specific services, and how would you contribute?
  • How do you ensure client satisfaction while maintaining high professional standards?

Case Studies & Analysis

  • How would you approach a case study involving the financial restructuring of a mid-sized company?
  • Describe your process for conducting a market analysis for a client looking to expand internationally.
  • How would you assess the viability of a client’s business model in a new market?
  • What steps would you take to analyze the financial health of a potential acquisition target?
  • How do you approach a forensic investigation into potential financial misconduct?

Teamwork Tasks

  • Can you share an example of a time when you successfully led a team project?
  • How do you handle disagreements within a team to ensure project success?
  • Describe a scenario where you had to work closely with a client and your team to achieve a common goal.
  • How do you facilitate effective communication in a team with diverse skill sets?
  • What strategies do you use to motivate team members and enhance collaboration?

Motivation & Behaviours

  • What drives your passion for working in professional services?
  • How do you demonstrate leadership in challenging situations?
  • Can you describe a time when you had to quickly adapt to a significant change at work?
  • How do you approach complex problem-solving scenarios?
  • What methods do you use to build and maintain strong professional relationships?

Audit

  • How would you evaluate the internal controls of a client during an audit?
  • What are the key considerations when planning an audit engagement for a new client?
  • How do you handle discovering discrepancies during an audit?
  • Describe your approach to ensuring compliance with audit standards and regulations.
  • How do you stay informed about updates in auditing practices and standards?
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Sikich Interview Questions and Answers

How would you handle a situation where a client asked you to overlook a minor compliance issue?

In such a situation, it is essential to maintain ethical standards and compliance. I would begin by explaining the importance of adhering to compliance requirements and the potential risks of overlooking them, including legal penalties and reputational damage. If the client persists, I would escalate the issue to my supervisor or the compliance department to ensure proper handling. Documenting the interaction and advice provided is crucial. Ultimately, I would not compromise my integrity or the firm’s standards, and if necessary, I would be prepared to disengage from the client to uphold ethical practices.

How do economic indicators influence your business advisory services for clients?

Economic indicators are crucial in business advisory services as they provide insights into the broader economic environment that can impact a client’s operations. For example, inflation rates, interest rates, and GDP growth can affect a company’s cost structure, revenue, and profitability. I analyze these indicators to assess potential risks related to market volatility, credit conditions, and consumer demand. Understanding economic trends helps me identify areas where clients may need to adjust their strategies, such as managing costs, diversifying investments, or exploring new markets. By incorporating economic indicators into advisory services, I can provide clients with a comprehensive understanding of the risks they face and help them make informed decisions.

How do you assist clients in leveraging data analytics to drive business decisions?

Assisting clients in leveraging data analytics involves several key steps. First, I would work with the client to identify their specific business goals and the key metrics that influence these goals. Next, I would help them gather and organize their data, ensuring it is accurate and relevant. I would then apply advanced analytics techniques to uncover patterns, trends, and insights that can inform decision-making. This might include predictive modeling, data visualization, and performance metrics analysis. I would also assist in integrating these insights into the client’s strategic planning and operational processes. Training and support are essential to ensure that the client’s team can effectively use data analytics tools and techniques. Finally, I would establish a process for continuous monitoring and improvement, enabling the client to adapt to changing conditions and make data-driven decisions that drive business success.

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