QUOTE(faradie @ Oct 18 2010, 07:39 PM)
1st my reason for saying audit is not useful is bcos most Malaysian companies do not have internal control systems that are on par with mutinationals. What are yr chances of joining a multinational? Reasons why Msian cos do not have high std internal control systems:
Just trying to survive
Money spent on IC systems not seen as effective as money spent trying to generate income
Poor corporate governance meaning they do not want sound systems of IC!
Do not have the right corporate culture
So if yr emphasis is passing the exam, forget also about tax and audit unless u hv an undying passion for these 2 subjects. IMHO tax is more useful to you in the Malaysian context than audit. Just relate the state of corporate governance and perceived corruption in the country to see how useful and effective audit is currently.
Well..im not concerned with how useful those subjects are in my future bt more concerned in passing and easier for me...
I heard p4 is hardest and need practise alot...if its hard why should i choose that compared to audit which more theoretical and relaxed...cz i looks like theory can bluff our way through..haha
Have u sat for the papers?? If so which did u took??
And im wondering is p4 useful when going out to the real working world??
Added on October 19, 2010, 12:55 amQUOTE(faradie @ Oct 18 2010, 07:39 PM)
1st my reason for saying audit is not useful is bcos most Malaysian companies do not have internal control systems that are on par with mutinationals. What are yr chances of joining a multinational? Reasons why Msian cos do not have high std internal control systems:
Just trying to survive
Money spent on IC systems not seen as effective as money spent trying to generate income
Poor corporate governance meaning they do not want sound systems of IC!
Do not have the right corporate culture
So if yr emphasis is passing the exam, forget also about tax and audit unless u hv an undying passion for these 2 subjects. IMHO tax is more useful to you in the Malaysian context than audit. Just relate the state of corporate governance and perceived corruption in the country to see how useful and effective audit is currently.
Well..im not concerned with how useful those subjects are in my future bt more concerned in passing and easier for me...
I heard p4 is hardest and need practise alot...if its hard why should i choose that compared to audit which more theoretical and relaxed...cz i looks like theory can bluff our way through..haha
Have u sat for the papers?? If so which did u took??
And im wondering is p4 useful when going out to the real working world??
This post has been edited by Kel89: Oct 19 2010, 12:55 AM