Skip to main content

Link of the month

Just got sent this link, and found it absolutely hilarious, but sadly true. It's about what auditors really do, and that it's definitely not taxes. The only tax information I know is the stuff I learned from the CPA exam (which I've already forgotten) and the required information to complete my personal tax return. Even for this, I use the help function all the time on the tax softwares to help explain stuff to me.
One of the best parts of the article -
"According to D’Amato, busy seasons are typically three things: “using calculators the size of pizza boxes and wearing ties in a casual environment to show their clients that they mean ‘business;’ beating up a clients’ junior staff for a month straight about the lack of internal controls because the signatures did not fully penetrate the triplicate on the department-wide birthday card for Larissa in Accounts Payable; and completing a 38-page internal controls checklist on the petty cash fund while completely ignoring the client’s shady accounting treatment for three new SPEs named HIDDENDEBT, IMSTEALING and DONTLOOKHEREPWC.”"

Enjoy!

Comments

Anonymous said…
That's very true and...very funny !
kokostiletto said…
hahaha this is hilarious!

Popular posts from this blog

ADP/Payroll

Just realized that the very payroll/adp reports we all enjoyed looking at in order to see how much our client contacts made, now seem to piss me off. Especially when your main contact, who couldn't tell a debit from a credit, makes significantly more than you, and leaves at 5. It's almost guaranteed to get you in a foul mood and yak with your team about the ridiculous salaries that certain employees get when compared to yours.

should you choose to audit financial services?

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

auditing vs consulting

I was wondering if you could break down the career opportunities in auditing and consulting (in a big 4). I know that consulting pays more in a big 4 and has more interesting work, but it seems that auditing has extremely good exit opportunities (Financial controller, CFO etc). Any thoughts on which is better in the long run? Well there's different consulting services offered by public accounting companies - the most popular being IT consulting and risk consulting. There are also other consulting services offered, but these two hire the most. Do they pay more? Yes, but not by much. Not enough for you to say: Shoot, the $$ is a huge reason for me to move over. Is the work more interesting than audit? Yes. You're actually looking over a company's processes and telling them what to do instead of what not to do (audit). Everyone I know who's made the switch likes it waay better than audit. In the long run though, choosing audit vs consulting really depends on what you want