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 Big 4 Recruitment Drive_v2, All things Big 4 + others

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adrian1988
post Jan 16 2011, 10:26 PM

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QUOTE(Topace111 @ Jan 16 2011, 09:37 PM)
From most of the advisory freshie collegues, they tell me their job for first few weeks / months is quite relaxing and easy. Its when you reach senior level then work gets interesting. Anyone can correct me I am wrong though  tongue.gif


Added on January 16, 2011, 9:39 pm

You seriously wants to stay at Damansara heights area ? If you not willing to pay > RM 1,000 rental forget about it. And like thanatos said, find out who your client is and find a place there if its a major recurring engagement. 90% of my time is spent at client place which is the opposite direction from HQ.
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I know that the rental at Damansara Height is very expensive, but since i am not very familiar with KL, so i just post to see whether got any suggestion or not? Maybe some places that can access to HQ via highway easily.

Although it is a norm that auditor will usually spend more than 90% time at client place, but i am unsure which client would I be allocate to? So, I can't choose my place based on client.

Now i am considering Taman Desa and somewhere around PJ area.

Thanks for the info given by you all.

By the way, will it be very weird if I take Certified Internal Auditor (CIA) program while most of the external auditor will go for ICAEW, ACCA, ICAA/MICPA or CPA Australia? I know that firm will not sponsor their audit staff for this program but since the exam fee is cheap, I think I can still afford it if I didn't go for tuition.

This post has been edited by adrian1988: Jan 16 2011, 10:27 PM
fastreader
post Jan 16 2011, 10:29 PM

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QUOTE(adrian1988 @ Jan 16 2011, 10:26 PM)
I know that the rental at Damansara Height is very expensive, but since i am not very familiar with KL, so i just post to see whether got any suggestion or not? Maybe some places that can access to HQ via highway easily.

Although it is a norm that auditor will usually spend more than 90% time at client place, but i am unsure which client would I be allocate to? So, I can't choose my place based on client.

Now i am considering Taman Desa and somewhere around PJ area.

Thanks for the info given by you all.

By the way, will it be very weird if I take Certified Internal Auditor (CIA) program while most of the external auditor will go for ICAEW, ACCA, ICAA/MICPA or CPA Australia? I know that firm will not sponsor their audit staff for this program but since the exam fee is cheap, I think I can still afford it if I didn't go for tuition.
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why this?..i mean why CIA over the traditional ones?..just asking outta curiosity.. smile.gif
adrian1988
post Jan 16 2011, 10:35 PM

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QUOTE(fastreader @ Jan 16 2011, 10:29 PM)
why this?..i mean why CIA over the traditional ones?..just  asking outta curiosity.. smile.gif
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As i am from local university, I will automatically get MIA membership after 3 years. Thus, i wish to take something that are more value added for me. I think that there will have a bright prospect for internal auditor in Malaysia due to the revise of Malaysia Code of Corporate Governance and not many people have such qualification in Malaysia.

Another consideration is the exam fee and registration fee is cheap it is the only world recognize program for Internal Auditor.


fastreader
post Jan 16 2011, 10:38 PM

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QUOTE(adrian1988 @ Jan 16 2011, 10:35 PM)
As i am from local university, I will automatically get MIA membership after 3 years. Thus, i wish to take something that are more value added for me. I think that there will have a bright prospect for internal auditor in Malaysia due to the revise of Malaysia Code of Corporate Governance and not many people have such qualification in Malaysia.

Another consideration is the exam fee and registration fee is cheap it is the only world recognize program for Internal Auditor.
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oic..so what about recognition?..is this recognised globally?.. hmm.gif its interesting nonetheless, cos its kinda new to me.. smile.gif
adrian1988
post Jan 16 2011, 10:41 PM

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QUOTE(fastreader @ Jan 16 2011, 10:38 PM)
oic..so what about recognition?..is this recognised globally?.. hmm.gif its interesting nonetheless, cos its kinda new to me.. smile.gif
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I think you can find the detailed info from the following website and it is also recognized globally. For your info, Sunway TES is the sole tuition provider in Malaysia.
http://www.iiam.com.my/template.asp?menuid...2&rootid=100003


coconutxyz
post Jan 16 2011, 10:44 PM

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ya i heard from my acca lecturer,he says int.auditor are becoming popular...
btw,any1 know whether a freshie can work as forensic associate?i nid an advice coz i m interested this field cry.gif T_T

This post has been edited by coconutxyz: Jan 16 2011, 10:51 PM
Knight_2008
post Jan 16 2011, 11:01 PM

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QUOTE(ThanatosSwiftfire @ Jan 16 2011, 09:26 PM)
Erm, from what I know, first class honours from a well known uni. (OBU don't count)
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damn, what about ACCA?
fastreader
post Jan 16 2011, 11:09 PM

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QUOTE(Knight_2008 @ Jan 16 2011, 11:01 PM)
damn, what about ACCA?
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from what i heard, they take in people from different line too..actuarial science (acturist) are also taken in too.,..
andrienne
post Jan 17 2011, 12:58 AM

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QUOTE(Knight_2008 @ Jan 16 2011, 08:28 PM)
wow..cool..fresh grad enter directly into advisory.. If you don;t mind, can you tell me which firm u are in and your qualifications? Want to use it as a rough guidance to assess my chance of entering advisory directly
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This post has been edited by andrienne: Jun 9 2012, 11:51 AM
Joycelee
post Jan 17 2011, 02:37 AM

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QUOTE(adrian1988 @ Jan 15 2011, 11:11 PM)
I assume that you apply for the position of audit associate. During my interview, no technical question was asked and basically it is just a chit-chat season so that the employee know you better. If you want to prepare for the interview, maybe you can google some famous interview questions such as "Told me about yourself" and others.

If you apply for tax position, i heard that you will need to write one essay first before the interview.

Good luck.
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it seems alot of ppl apply for it..
how can i be the outstanding oneee? :S
SUSlalazaiaccountant
post Jan 17 2011, 02:39 AM

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For audit, need to write 4 short essays.
Dun go in. U will regret.
morgana_jara
post Jan 17 2011, 03:17 AM

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QUOTE(lalazaiaccountant @ Jan 17 2011, 02:39 AM)
For audit, need to write 4 short essays.
Dun go in. U will regret.
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If consider tax and advisory, people recommend go audit. If say go audit, people say will regret. How? sad.gif
SUSlalazaiaccountant
post Jan 17 2011, 06:46 AM

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At least for PWC u need to write 4 short essays. Since I am damn smart, I great success in interview. But the work u have to do will make u regret. In malaysia, u are expected to lick the client's balls.
The client dun care much about ur welfare (Unless u meet good clients). But in general, auditors dun hold much power here in Marehsia. Go start your own bizness better.
And to add to that, dun expect the clients to make the job easier for you. They are more interested in making your life harder.

This post has been edited by lalazaiaccountant: Jan 17 2011, 06:49 AM
RecruitingTheBest
post Jan 17 2011, 08:35 AM

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QUOTE(lalazaiaccountant @ Jan 17 2011, 06:46 AM)
At least for PWC u need to write 4 short essays. Since I am damn smart, I great success in interview. But the work u have to do will make u regret. In malaysia, u are expected to lick the client's balls.
The client dun care much about ur welfare (Unless u meet good clients). But in general, auditors dun hold much power here in Marehsia. Go start your own bizness better.
And to add to that, dun expect the clients to make the job easier for you. They are more interested in making your life harder.
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Maybe your results not good enough that's why you were made to write 4 short essays.

Usually you don't need to write 4 essays. brows.gif


Good that you're at PWC now. Which dept you're at, let me search for you and let your boss know that you don't like to work at PWC.


eclipsed
post Jan 17 2011, 09:59 AM

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Being a little money minded here but can anyone with experience help verify this info:

Audit assistant (1-2yrs) - RM 2700-3500
Senior auditor (3-5 yrs) - RM 4000-6000
Manager (6-8 yrs) - RM >6000
Director (10yrs?)

Is this the general hierarchy within the audit department in the big 4? Are the years taken to reach promotion for the average worker or for a high flyer?
TSThanatosSwiftfire
post Jan 17 2011, 09:59 AM

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QUOTE(RecruitingTheBest @ Jan 17 2011, 08:35 AM)
Maybe your results not good enough that's why you were made to write 4 short essays.

Usually you don't need to write 4 essays.  brows.gif
Good that you're at PWC now. Which dept you're at, let me search for you and let your boss know that you don't like to work at PWC.
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That's pretty silly because every 9/10 ppl in PwC assurance probably hates to work in audit in general (not specifically PwC), so i think his boss probably hates it too tongue.gif (and while I'm at it, i hate it too).

Try look me up, which dept are u anyway? I'm in CIPS, one of the soon-to-be-leaving SAs.
CKJMark
post Jan 17 2011, 10:08 AM

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QUOTE(eclipsed @ Jan 17 2011, 09:59 AM)
Being a little money minded here but can anyone with experience help verify this info:

Audit assistant (1-2yrs) - RM 2700-3500
Senior auditor (3-5 yrs) - RM 4000-6000
Manager (6-8 yrs) - RM >6000
Director (10yrs?)

Is this the general hierarchy within the audit department in the big 4? Are the years taken to reach promotion for the average worker or for a high flyer?
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Starting pay is around RM2.5K Some firms have revised to RM2.7K but not all. Depends on who you join.

Yes, the hierarchy is generally as above along with the progression time.
HawkreiN
post Jan 17 2011, 10:20 AM

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Is it possible to be a manager in 6 years? I feel that that is a little optimistic, maybe 7-8 years is a better aim.

Just wondering, why do so many accountants join auditing when it is disliked by so many, aren't there those who join tax and advisory as well? Also if auditing is seen as a good stepping stone to progress in the career, some earlier posts said that an Audit Manager will find it hard to join as a Finance Manager in commerce, so what lies in the future path of an auditor (assuming he leaves the big 4)?




ju146
post Jan 17 2011, 10:44 AM

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QUOTE(HawkreiN @ Jan 17 2011, 10:20 AM)
Is it possible to be a manager in 6 years? I feel that that is a little optimistic, maybe 7-8 years is a better aim.

Just wondering, why do so many accountants join auditing when it is disliked by so many, aren't there those who join tax and advisory as well? Also if auditing is seen as a good stepping stone to progress in the career, some earlier posts said that an Audit Manager will find it hard to join as a Finance Manager in commerce, so what lies in the future path of an auditor (assuming he leaves the big 4)?
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audit is only a step stone for accounting graduate. i deny the person statement saying that "audit manager will find it hard to join as a Finance Manager in commerce" because no one can understand company IE and BS better then an auditor. And after being many years as auditor, u can easily jump ship to another department i.e financial advisory and business advisory. Reason being? they understand the company account.

Statement above was obtained during my interview with KPMG business advisory. And i am not an accounting grad
CKJMark
post Jan 17 2011, 03:03 PM

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QUOTE(HawkreiN @ Jan 17 2011, 10:20 AM)
Is it possible to be a manager in 6 years? I feel that that is a little optimistic, maybe 7-8 years is a better aim.

Just wondering, why do so many accountants join auditing when it is disliked by so many, aren't there those who join tax and advisory as well? Also if auditing is seen as a good stepping stone to progress in the career, some earlier posts said that an Audit Manager will find it hard to join as a Finance Manager in commerce, so what lies in the future path of an auditor (assuming he leaves the big 4)?
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Audit manager in 6 years is the norm. Some make it in 4 or 5 depending on how well you perform. This is contributed partly by the high turnover of the staff as well as the learning curve. If you are in tax, the progression is slower. Reason being, audit manager don't sign off accounts (that is partner's responsibility). Tax manager usually sign off.

I don't think its hard for audit managers to find work in the commercial finance line. I work in the finance department of a bank and more than half the management team here have had some audit background. Its all perception.

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