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Audit v Tax v Advisory, Need insights on these Big 4 departments
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TSLoreburner
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 Sep 11 2012, 12:42 PM, updated 14y ago
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Getting Started
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Hi all,
I hope some of you can give me honest insights on these Big 4 departments. I am about to graduate in ACCA soon but I don't know which one to apply for. Some of you will mention that I should choose based on what I am passionate about. But I think that I am fine with either departments. I am also willing to put in the hours and hard work required because I know a job in the Big 4 is demanding. Also I know that Audit and Advisory requires alot of travelling and meeting with people? Am I right?
I would like to know is
1) What are the job scopes of these departments. What they do exactly?
2) What are the prospects of working overseas? (not in Big 4, in the commercial world)
Any additional info would be appreciated.
Thank you!
This post has been edited by Loreburner: Sep 11 2012, 03:06 PM
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TSLoreburner
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Sep 11 2012, 02:38 PM
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Getting Started
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QUOTE(konichiwawa @ Sep 11 2012, 01:39 PM) The thing is with Advisory there are so many different teams in there. There's Internal Audit, IT Audit, IT governance/advisory, Performance Improvement, Project Management etc etc. I suggest you go do your own research on the Big 4s' websites to learn more about them and narrow it down first. In terms of working overseas, it depends on your team and the clients that they get. For audit departments, it isn't rare for them to go overseas because they could have clients who have offices or subsidiaries based overseas. Advisory will depend on the client and project that they win. There could be a need to go overseas as sometimes overseas KPMG offices could use the expertise of the team in Malaysia. I see. Maybe I didn't make it clear in my first thread, but let's say I plan to leave the Big 4 after a few years experience to join the commercial world. What are the chances of working overseas with either the backgrounds of Audit, Tax and Advisory? For example if I join tax in the Big 4, would I be stuck which the only in Malaysia because I specialize in Malaysian tax? Thank you again! |
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TSLoreburner
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Sep 11 2012, 02:48 PM
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Getting Started
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QUOTE(Materazzi @ Sep 11 2012, 02:41 PM) Should be tax if u wanna make much monie I do want to experience working overseas also. Even if the pay isn't as good as here. I'm just wondering if overseas commercial companies would want to hire someone with Malaysian Tax background? Thanks! |
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TSLoreburner
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Sep 11 2012, 03:05 PM
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Getting Started
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QUOTE(konichiwawa @ Sep 11 2012, 02:52 PM) I see. My bad. I thought you meant prospects of working overseas while in a Big 4. Now I understand you meant prospects of working overseas AFTER you leave the Big 4. The easiest would be Advisory and Audit. Not many overseas company would want to employ you at an equal position (e.g. Senior Tax Consultant) because you are only familiar with Malaysian tax laws and not their country's tax laws. However, you do have the experience of a tax consultant, so if you are willing to accept a lesser role while you learn up on their tax laws, I don't foresee a problem. Yeah actually it was my bad. I think I should edit my post because I didn't make it clear. Thank you very much. I truly appreciate your advice! Oh btw, do you know of any cases whereby people work in Tax (big 4) then leave maybe to a bank and do something completely different that does not include tax? [ I dunno if it's possible as I am giving an example only].
Added on September 11, 2012, 3:08 pmQUOTE(funnybone @ Sep 11 2012, 02:50 PM) Had a friend doing taxation in Malaysia. She got seconded to UK. Now based in UK. that seems wonderful! She got seconded while she was still in the Big 4 is it? This post has been edited by Loreburner: Sep 11 2012, 03:08 PM |
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TSLoreburner
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Sep 12 2012, 05:02 PM
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Getting Started
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QUOTE(Materazzi @ Sep 11 2012, 09:23 PM) my company used PwC to do CIT calculation, oh my..even senior tax consultant there get pay per hour basis(in USD).. I imagine that amount of money should beat the IB guy.. A little noob here but I'm guessing CIT is Calculation of Income Tax ? What's IB? 
Added on September 12, 2012, 5:05 pmQUOTE(konichiwawa @ Sep 12 2012, 07:15 AM) Unfortunately I do not. I only have 3 friends in tax department and they are still there (1 partner and 2 Managers). I honestly feel that if you want to go out to commercial, audit's the way to go. Audit experience is more transferable to the commercial world because you can join the Accounting and Finance team. Tax experience is a little too focused on tax and not broad enough to move on to other areas. At least that's my 2 cents. Thank you, do you think it is ok for me to PM you in the future if i have anything to ask you? I'm guessing you're from the Audit background? I'm still considering my options as I am a person who gets bored easily :/ This post has been edited by Loreburner: Sep 12 2012, 05:05 PM |
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