Memo to all controllers/assistant controllers out there: your internal records or general ledgers are not adequate supporting documentation for us, no matter what you think. How can you put a number in your financials and say that the general ledger is the final support, even if it's in the millions. If you find it hard to understand why we aren't using that as evidence, well stick a post-it in your office: public accounting auditors do not just trace stuff from one number in your internal record to another number in your internal record. Please go back to school and sign up for introduction to accounting, or google 'public accounting' to understand what we do. We can understand if you think we only do taxes, but if you really think a piece of paper that your team creates is exactly what we were looking for, well, just move to another position. Please!
I'm trying to decide whether to audit financial services companies or non-financial services companies. What would you say are the pros and cons of either industries? Do individuals who choose non-FS have less career mobility within the firm or if they decide not to stay with the B4 after a few years? Really depends on what you'd like to do after (unless you really love auditing). If you want to a controller,etc. at a p/e firm or a hedge fund down the road, you'd want to go into financial services. The pay won't be too bad, especially if you get a share of the insane bonuses they dole out. If you want to audit industries with tangible products and want to get a better understanding of the operations of such businesses, then other industries are the way to go.In terms of mobility outside the firm, auditing other industries is the way to go since you have plenty of options when you exit the audit world. For example, in 2008, after Lehman collapsed, it was incredibly hard ...
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