Skip to main content

audit culture

Can you comment a bit on the culture of the big 4s? I heard being a jock & drinking a lot is very important, especially in the first few years. Is this true? and what happens if the person's not a sports person or doesn't like to drink alot?

Not at all, it cannot even compare to the ibanking world. Just be yourself, and be social. Yes, I'd highly recommend socializing with your peers when you first start out, because it's a huge support system for you as you progress up the ladder. Drinking isn't really a factor, it's just an excuse to go out. I know plenty of people who go out and nurse 1-2 drinks the whole time. There's no real pressure from that perspective. Sports is just a topic of conversation in the conference room amongst the guys and the clients, but i'm sure you have enough interests outside of sports to keep a conversation going. Heck, half the big 4 is probably female, so there'll be more talk of television than of sports in the conference rooms. Don't just focus on the audit work. The friends you make at work might be key down the road since most of your starting class wouldn't be at the firms in 4-5 years. Start developing a network, and start early.

Comments

Audit Georgia said…
Grant Thornton Georgia is a team of experienced public accountants and auditors, specialist advisers in finance, business and management, as well as tax and legal advisers working at Tbilisi office.

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 …