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Q: Big4 - Yearly salary increment

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  #5281 (permalink)  
Old 25-01-2022, 04:34 PM
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This is good. There are many negatives about Big4. But I think what you can take from the job depends on you. Some people work like robots, roll prior year workpapers and don't understand what they are doing. Some people learn more because they don't work like robots.

There are several things that I picked up that might be helpful in work outside audit. I have to say it has been helpful to me and I didn't actually stay very long.

1. A good familiarity of financial numbers (3+1 statements and notes to account), and understanding of accounting treatment and standards.

2. Ability to understand new things/process/risk areas and process information. Walkthrough is not about rolling prior year workpaper and finding fault for fun. It is about understanding things that you don't understand. Audit trains your mind to think in a certain way and process information, and it is actually helpful for outside work.

3. Brushing up EQ. How to manage people of various positions and perspectives from you, and getting the things you want. I am not talking about our silly seniors-senior managers who don't even know what they are talking about sometime. I am talking about speaking with junior staff to SVP/managing directors or even CFO at the clients.

4. Ability to prioritize, streamline and multi task. I can visualize my own OSM list, manage multiple deadlines, and know what is good enough work if there is not enough time.

good for you. a lot of times, as a receiver of audit, all is get is a group of auditors who doesnt even bother to want to understand the clients worknl environment and start trying to check off their boxes of yes/no.

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  #5282 (permalink)  
Old 25-01-2022, 04:40 PM
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Hi, anyone can give me estimate for starting pay of assoc consultant at EY (risk and compliance)?

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  #5283 (permalink)  
Old 25-01-2022, 07:26 PM
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Hi, anyone can give me estimate for starting pay of assoc consultant at EY (risk and compliance)?
You’re joining as A1? 4k

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  #5284 (permalink)  
Old 25-01-2022, 07:28 PM
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You’re joining as A1? 4k
careful that this is disguised as internal audit
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  #5285 (permalink)  
Old 25-01-2022, 07:33 PM
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careful that this is disguised as internal audit
Yeah… SOX audit
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  #5286 (permalink)  
Old 25-01-2022, 07:39 PM
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Originally Posted by Unregistered View Post
This is good. There are many negatives about Big4. But I think what you can take from the job depends on you. Some people work like robots, roll prior year workpapers and don't understand what they are doing. Some people learn more because they don't work like robots.

There are several things that I picked up that might be helpful in work outside audit. I have to say it has been helpful to me and I didn't actually stay very long.

1. A good familiarity of financial numbers (3+1 statements and notes to account), and understanding of accounting treatment and standards.

2. Ability to understand new things/process/risk areas and process information. Walkthrough is not about rolling prior year workpaper and finding fault for fun. It is about understanding things that you don't understand. Audit trains your mind to think in a certain way and process information, and it is actually helpful for outside work.

3. Brushing up EQ. How to manage people of various positions and perspectives from you, and getting the things you want. I am not talking about our silly seniors-senior managers who don't even know what they are talking about sometime. I am talking about speaking with junior staff to SVP/managing directors or even CFO at the clients.

4. Ability to prioritize, streamline and multi task. I can visualize my own OSM list, manage multiple deadlines, and know what is good enough work if there is not enough time.
Disagree. Audit dont even need to use much knowledge from A to S. Frs, ssa, tax etc are all learned in school. If you learn a lot in b4 means you are not studying in school.
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  #5287 (permalink)  
Old 25-01-2022, 08:18 PM
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Risk & Compliance "advisory" is usually Internal Audit, which is worse than the normal external audit...
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  #5288 (permalink)  
Old 25-01-2022, 08:20 PM
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Risk & Compliance "advisory" is usually Internal Audit, which is worse than the normal external audit...
Anyone can do this job..
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  #5289 (permalink)  
Old 25-01-2022, 08:50 PM
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Risk & Compliance "advisory" is usually Internal Audit, which is worse than the normal external audit...
Can share y worse?
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  #5290 (permalink)  
Old 25-01-2022, 09:03 PM
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Can share y worse?
bc it is purely internal control related and not accounting related at all hence the exit opps are much worse than normal audit
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