location?

Depends on your knowledge during interviews..

1) Small firms.. if you know tax and deferred tax. they will likely offer you higher as they can save time on training..

2) Mid Firms.. Deferred tax and your Accounting standards well

3) Big 4.. Audit Standards and accounting standards well...

if KL.. 1700 is VERY LOW. generrally can get 2.2k above

Each firms has its own challenges.. in terms of workload, team chemistry, office politics(inter dept) and culture.

If you have passions towards audit, in any firms you can also excel due to determination and self improvement on the current development of standards. Small firms you may find that after 1 year everything become routine, mid tier 3-5 years (depend on client base), big firms longer but they are highly specialize teams(and you may not like the one you are allocated into)

If you are there to get qualified and skipped to commerical later on, there are many commerical where you can qualified easily as well. Namely banks and investment banks or the bIg glcs SimeDarby,etc (they pay good for starting pay). This will better suit you to prepare yourself for the corporate world later on.

Suitability comes down to fate in whatever you choose, some may offer high $$.. but once you step in, your team leader may not like you, you may accidentally anger other dept and the culture doesnt suit you, in the end you may leave in less than 3 months..

So in the end is comes down to pure luck

$$ into a firm is just a starting guide.. if you excel, you may get 5%-10% increment just on confirmation. and there on promotion at every 6months of appraisal..
The sky is the limit, is how high you want to reach.(p/s: some are bloody stingy firms.. You will only know how stingy is a firm with insider info or when you start working at the place.)

What is your qualifications other than experience?

FYI, mid firm prefers full degree or P Level ACCA. You can try if you are F level and diploma.. but it will be KIV tray.. until they really desperate only will call you.

Why you want to choose mid tier compare to the Big 4 (or 5 as BDO claimed itself)/ small firm

LOL... Mid firm also work till midnight... but maybe not so stress on Audit dateline. Cos big4 more Bursa company... Bursa is 4months after closing. Non Bursa is 7 months

Dont be surprise!

Honestly speaking. No pain No gain. If you want a normal comfortable 9-5 working hours.. DONT CHOOSE AUDIT in Big 4 or Mid tier ..

Even in commerical.. those accountant every month closing alos need to work late.. just that their peak period is 3-5 days every month only.. also no life for a few days...and also the audit period.. haha.. those auditors will dump load of questions to them to answer

So its all up to the more $$ = more work.

Of cos unless you are running a business you can play will the $$ still coming in

This post has been edited by richard831: Jun 24 2013, 03:33 PM

if you want to work with crowe.. then intern there la.. dont for the sake of convenience and bet on your future...

well it depends on the Manager in charge of you.. some are badass manager.. and will give you a so so review.. some are kind.. and will give you high review even if you did so so

If you have an internship and did well.. your 2nd interview for permanent position will be a breeze..

Is not a report. is one of part of the Working paper call Statutory audit.. you are just recording the summary for your senior conveniences..

Dont learn how to record, understand the purpose of each forms, F11, F49, F44, F24, F32, etc.. and why they need to record and use those forms.

UNDERSTAND the reason behind each workings.. then you know how to adapt to every companies records.

BDO likes BIG4 alumni, or mid tier high level staff (ie. Supervisor above). or freshies..

If other than that.. they will offer you 1 or 2 position lower than your previous position.

It depends on which manager you follow.. every firm got a few badass manager which make the place a living hell

After audit, you produce a report..READ IT. You can read lots of Listed Company such as Airasia, etc and learn a lot.

http://www.bursamalaysia.com/market/listed...cements/1284981

Because of this sentence, you need to do a Statutory Audit which is part of the Company's Independent audit "In our opinion, the accounting and other records and the registers required by the Act to be kept by the Company and its subsidiaries of which we have acted as auditors have been properly kept in accordance with the provisions of the Act."

Because you need to audit and form an opinion on it.

This post has been edited by richard831: Jul 2 2013, 10:08 PM


Attached File(s)
 Auditor_report.pdf ( 34.8k ) Number of downloads: 152
 Auditor_report2.pdf ( 27.83k ) Number of downloads: 84

Correct half..

The other half is: You need to understand the Company Act and if the records are keep in accordance to the Act. Any findings need to be rectify by the Secretary or else will be report to the Audit Committee for further actions.

Last resort will be to state a different opinion on the final report..


"In our opinion, the accounting and other records and the registers required by the Act to be kept by the Company and its subsidiaries of which we have
acted as auditors have been properly kept in accordance with the provisions of the Act."

Therefore as an auditor you need to know not only debit and credits but various Acts such as Company Acts, Income Tax Act, BAFIA, Anti Money Laundering Act (AMLA), Securies Commission regulations, MIA by-laws on what can an auditor do and what auditor cannot do...

Haha.. so Think before you really want to go into audit line.. the title and everything you do sounds glamour.. But how many out there are competent enough to carried out audits.. Sometimes these so called "auditors" are laughing stock as they failed to understand before engaging.

which city are you applying.. Dont be surprise... almost ALL mid tier plus the self acclaimed no.5 also practising china man style management.. just that their Working paper up to Current standards requirement only compare to small firms..

Independent Statutory Audit is the whole process... Audited Financial Statement is the Product...

Statutory Audit = Statutory Audit on the Company records (Ie. Checking the secretarial files and records). <Auditor like to call "stat audit" for short, which eventually confuse all juniors and there on passed to those who do not UNDERSTAND THE CONCEPT OF INDEPENDENT AUDIT. > This work done is to ensure that the Company keep its records in Accordance to the Companies Act.

Directors Confirmations's is actually a Blank Form passed on to each director in which they have to declare their Shareholdings, remunerations and any other related service provided to the Group during the year.

This form is actually has to be completed by the Directors themselves.. <But auditors mostly done the work by typing everything in. and ask them sign.. and the Directors will mostly sign blindly just to comply without checking the figures correct or not>

The form is actually another source to tied the amount back to the Financial Statement (Remuneration) and Company Records (shareholdings).

In audit, the more source tied back to an item, the more reliable the items is. <Audit evidence- another topic which can go on for pages>


"Statutory audit is equal to director confirmation right?" NO

LOL.. if you want multicultural.. should not choose 3 only right....

It is a Chinese populated industry... it wont be balanced.. but a firm can consider Malaysian Firm (rather than chinese firm, Malay Firm, Indian Firm) if it has a diversity of ppl working it. But still majority Chinese i would say.

In a Mid -Tier firm.

Bear in mind, there is plenty of works and reading to do if you wish to stay in audit line.. kiss goodbye to 9 to 5 if you want to really learn.

Audit is not just tying figures, checking documents, vouching.(this is just the tip of the iceberg)

It is to ensure that the Company COMPLY. So you need to be very well verse in the various Acts, regulations, accounting standards.

Understand and Apply. Not following Step 1, 2, 3.. If this is so simple, i can just get an SPM grad and ask them to follow saja

Agree

But is good to learn up Mandarin, China is opening up, Many Singaporeans and Malaysian are opening factories and businesses there. And they dont trust China's Chinese.

It would be a lucrative job to head the finance dept there; salary report as high as USD3000 - USD20000. Depending on the scale of the project.

Haha... the one between management level and non-management level... juggling both management and hands-on work+light review work.

I wouldnt use that.. Cause supervisor should only supervise right?

I felt that the title is very very misleading..

But in actual fact.. you do a lot of little things and a little of big things....

Acting Supervisor... such a funny title..

haha.. i need to act that i m supervising?