Skip to main content

The day to give thanks

In honor of thanksgiving day, I thought it was time to dole out some thanks -
a) Thank you Firms, for not giving us raises this year
b) Thank you Firms, for explaining to us that our survival was enough to be thankful for
c) Thank you Firms, for laying off some of our closest friends
d) Thank you Firms, for telling us to be more efficient due to budget cuts and also telling us to do more at the same time due to the current environment
e) Thank you Firms, for creating a culture of nervousness by laying off people in random stages instead of one fell swoop
f) Thank you Firms, for creating a ridiculous number of useless but required checklists
g) Thank you Firms, for picking up certain clients who you know will never go public, but are yet losing money hoping that it does.
h) Thank you Firms, for being constantly recognized in magazines as being amongst the best, and yet those who get surveyed never happens to be employees in the audit practices
i) Thank you Firms, for nothing.

Comments

This comment has been removed by the author.
i'm in tax and I don't know anyone that's happy here so i really wonder who they survey?
Maybe the IT and HR folk? because i see the IT people leave at 5.30 and I'm always jealous. Plus I don't think they have to be chargeable
Anonymous said…
maybe the partners get surveyed?
Audit Rooms said…
Ha So true man... I have become ur fan...
Anonymous said…
the big four model is completely over plus they are no more doing any kind of training..
notfordisplay said…
What's your reasoning behind that comment? - "the big four model is completely over"
Anonymous said…
This comment has been removed by a blog administrator.
Anonymous said…
It's not just big firms who are laying people off. I'm with a small audit firm and just found out I have to clear out by the end of the year. Thank you firms.
Anonymous said…
Amen brother
Anonymous said…
This comment has been removed by a blog administrator.

Popular posts from this blog

career progression

"What can you tell me about the different possible tracks a person would take at the Big 4 in regards to tax vs. audit? Is there a difference in career progression among the two specialties? How about career potential? Workload?"

Loaded question. In terms of career potential, they're both pretty potent. Audit leads you to controller/accounting manager/ VP - accounting positions at companies if you choose to quit. Tax can lead to tax manager positions at various companies/firms..to help them minimize taxes and exploit tax loopholes. It's a pretty important position in many companies...I'm not an expert on tax careers though, so you might want to ask somebody in a tax related position.
In terms of career progression, it's the same as audit...start off as a staff associate...move to senior..manager..snr mgr..partner.
In terms of workload, my friends in the tax department seem to work two busy seasons...in the fall and in the spring. So I think they work more than i…

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 t…

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 …