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Feb 2025

How to answer this Ethics and Integrity interview question about Accounting Standards for Entry-Level Accountant?

How do you stay updated on changes in accounting standards?

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Accountant

Ethics and Integrity

Asked at

EY (Ernst & Young)

Difficulty :

Easy

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Explanation

This question assesses your commitment to professional development and awareness of regulatory compliance. Recruiters want to see how proactive you are in staying informed about updates like GAAP or IFRS changes. A strong answer includes specific resources, professional groups, or certifications you rely on. Avoid giving generic responses without actionable steps.

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Answer Example

I stay updated by attending webinars, subscribing to accounting journals, and participating in professional organizations like AICPA. I also complete continuing professional education (CPE) courses annually to stay compliant with licensing requirements. For instance, I recently attended a seminar on lease accounting changes under IFRS 16, which helped me update our company’s reporting practices.

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