Sigh. I feel you. Applied for 2 weeks of TOIL for Nov since beginning of August knowing that it will take very long to get approval..till now also no news no sight and the cycle repeats (burning all off).

Well, it depends on the manager really. Some may elect to ask technical questions relating to standards and some may just ask general questions pertaining to yourself ie education, why join kpmg etc. Just be prepared for both of them.

anyone know the style of pwc interview? they told me got 2 test which is technical ques and english test. what is the technical q all about?

Any idea if PwC Advisory division accept applications from fresh grads with no work experience?

It's disappointing how I still haven't heard a reply from them about my application. I made and online application for a graduate position under advisory like 3 weeks ago. I've even sent an email regarding my application status last week. But still no reply.

They do. But very very strong bias towards overseas grad, and even then only for those with top grades.

Emmm, this really depends. But what I generally heard that freshie that joins advisory have very slow learning curve. Sooner or later they will be thrown to audit to learn some stuffs. But this highly depend on which advisory you join. Some have peak periods while some remain constant. But I heard best to join consultancy or advisory after few years of external experience. Thats why you can hear people without business background to become advisors such as doctors, engineers, lawyers,.....etc. Bcos they can advise based on the field of experience.

The transferable skill ai mentioned is only those I think will be most relevant. Of course, I think among all fields, you will learn the most in audit as a freshie which you need to know almost everything out of something. From there you can build you niche, some like to be problem solving auditor, some professional analytical auditor while some just action packed gung ho style.

I have a friend, a fresh grad in KPMG CF who was advised to spent a year in audit before coming back to CF. And friends have told me about the learning curve as well.

Joining as an auditor gives us insights of MNC's best practices which enables us to join consultancy later on to consult on inferior firms? Is my point valid? Since MNC's operations are assumed to be at its best in the industry, we will be able to consult what we have learned from there and adjust accordingly to suit lesser firms?

Just one question, how well do you think you know the details of how our clients operations are?
I might know the rough processes, and what sort of documents are needed along the way, but I've got little idea of what their decision making processes are like, or what sort of thought process do they go through on whether to decide on make payments etc or not.

Without knowing the details, I find it hard to sell myself as a subject matter expert, even though I've been doing say client X for the last 4 years.

Very interesting. What about operational audit? Does that provide us with a better picture of the overall company's operations? I really want to carve a path to a management side of things, to be able to be responsible in operations while being able to expose myself to practices of many companies in many different industries.

Itu_Dia_Man haha how are you mate, how is KPMG treating you so far since I've gone. Still active around here I see....

just had an interview at kpmg for an internship, explained to me that they dont take first years for audit, but would try and get me in another department if possible. all in all, quite alright.

problem is, after the interview, i untucked my shirt, and took of my tie, and was looking quite slack (on the way to the elevator), figured interview over, can relax, but the interviewer ended up riding the elevator with me......

afraid i might have compromised my chances at an internship at KPMG by looking unprofessional in front of the interviewer, any chance this could affect my chances for the internship? or are the HR people not that strict on intern applicants ???

edit: and yeah, in retrospect, i should have done it after leaving the building ><"

This post has been edited by satsugai: Oct 25 2011, 01:51 PM

im in dilemma now... previously i already got a offer from deloitte and already signed appointment letter with them as tax assistant.

but on tuesday, I just got an offered from pwc for the position of associate consultant 2 under financial services team with higher pay and the field im more interested in.

can i reject deloitte offer now? anyone can advise what i should do?

Hey LYNs, I would like to enquire something.. How to apply online for E&Y? I cant seem to find their HR email address or any pages to send my resume..

If anyone know, please teach me how to apply for E&Y Assurance department on auditing.. TQ

Internship? There's no online app. Email them at recruitment.hr@my.ey.com

ya, i also realize that it does not have any webpage for us to submit our application, does anyone know where to apply?

the email application seen like not works as doesn't get any reply from that

anyone can suggest where should i park my car if im working with PWC? rate per day and most convenient + safe..

thanks

PwC have an arrangement with the car park management at Lot F, next to KL Sentral. It's RM6 a day, you have to get your ticket stamped at the receptionist at PwC. They provide a shuttle service to and from the office to the parking lot every 15 minutes during peak times. After 6pm, you're encouraged to bring your car into the office itself for safety purposes.

http://www.ey.com/MY/en/Careers/Experience...s---Experienced

can anyone tell me how to apply the position stated above? as i really can't find any application button

thanks in advance

In external audit you will also cover operational audit, but merely brush through.

In operational audit or what is generally known as internal audit, you will be check the selected operation's internal control. The process generally starts by documenting how the overall process / system like sales process, requesting for budget etc works and who are the process owners, and what documentations are in place.

That might sound sophisticated, but sometimes it is generally a no-brainer work of checking whether documents has been signed or whether a specific P&P has been documented and followed. You will be asked to provide points of improvement for the operations under audit and point out internal control deficiencies. But most of the time, your client or process owners of the operations will laugh at your suggestion because their years of experience will tell you that your suggestion is not feasible (because most of the time we will be providing solutions like 'get an extra person to check through another person's work / create this new document to track the process and get someone signed it as a prove of control in place) Sometimes, you just wonder if you are actually in a good position to challenge them at all with you lack of real experience.

Generally, that is my thought. The plus side however is that your will build up your people skill and communication skills because you need to persuade process owners to buy your idea / outsmart them with your eloquence. Sometimes, certain issues are bigger than just merely lack of documentation and what not, it is a overall management culture which operational audit will be hard to point out. (that you need advisory people to point out, usually ppl from the BCG or Mckinsey).

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Added on November 12, 2011, 12:46 amThat really depends which part of the CF you are talking about. Assuming your CF also include the due diligence team, your audit experience will be helpful. the only thing that is different is that you will need exercise more commercial judgement on top of your skills to verify certain numbers / vouching documents.

If you are talking about financial modeling, your knowledge about financial statements and double entries your learn from audit is useful because you will need to construct a pro-forma financial statement based on client's forecast. That is the basic. However, more skills are required in learning to build a more efficient model (more advanced excel skillls). In more advanced valuation jobs, knowledge of finance concepts such as CAPM, terminal value or to a certain extent, binomial / black scholes model (if you are dealing options or share option payment schemes) are more useful which, audit experience may not be directly relevant at all.

In restructuring where you will be doing a a lot of receivership / liquidation job, your audit knowledge may be relevant if you are familiar with Companies' Act. Since you will be asking for a lot of company documentations in a restructuring work, your audit experience should able to tell you what sort of documents a typical company has and where to locate them, it makes your job more efficient. However, audit experience is not really a prerequisite in many instance.

Your audit experience will also be useful if you are dealing with company reorganisation where a good understanding of consolidation / merger accounting, inter company balances settlement and taxation effects (if you learned it in audit at all) will be most helpful. In debt restructuring schemes, your accounting knowledge will also help you to identify the assets available to pay debts (but not as extensive as audit requires)

If you are in the M&A or Infrastructure finance advisory, i think audit experience may not so much relevant. Basic finance concepts such as PE multiples, EV/EBITDA, cash flow forecasts and projection knowledge, capital market regulation, knowledge on economics and together with good research skills will be more relevant. This line generally requires more creative and commercial oriented thinking because jobs are usually highly unstructured which i think consulting experience are more helpful. This is the line where a broad based knowledge will be helpful. Off course, basic accounting knowledge will definitely be a good bonus.

In short, it really depends what you have learned during the audit and how you could best relate your experience to your potential jobs in CF. Generally, ppl with strong audit background are very well suited for due diligence work and many times audit guys are seconded to support due diligence jobs.



This post has been edited by Justin Wong: Nov 12 2011, 12:46 AM

Hey guys, thanks to your information here, I got an offer. But the staff said details and medical check will only be informed on next week again. I heard people you are not confirm unless they let you sign the letter. Is there any possibility they will take back off the offer since this is juz an phone promise?