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 Big 4 Recruitment Drive

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Itu_Dia_Man
post Nov 29 2009, 08:57 PM

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One more question about the promotion. If you do not complete your ACCA qualification in your first year, would you still get to be promoted from AA2 to AA1?
Itu_Dia_Man
post Dec 1 2009, 08:58 PM

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Thank you for the replies. Would it be unreasonable to say that it is bad if you are not promoted to AA1 after working for one year? I think the general thinking is if you are paid AA2 salary to do AA1 work, you might as well leave for better opportunities.
Itu_Dia_Man
post Dec 11 2009, 02:37 AM

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Is it? I thought audit work-life balance cycle is every 6 months biggrin.gif. My Audit G friends have been worked to the max since we joined the firm recently. And you are right about working with peers of similar age groups. Its like we can grow together working, sharing our blood, tears and sweat and a minimal generation gap.


QUOTE(abcdefcuk @ Dec 10 2009, 01:04 AM)
hmm... i didnt know auditors cant work for estee lauder, loreal, and etc.... try asking the bmw audit team why it is so interested to be involved/participate the team...haha...
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Very interesting indeed biggrin.gif . Driving BMW to work sounds fun drool.gif
Itu_Dia_Man
post Dec 18 2009, 01:50 AM

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QUOTE(abcdefcuk @ Dec 11 2009, 10:19 PM)
you are from audit M right? can go ask straight from Heng or even Steven. Steven was in BMW last year smile.gif

so tell me, silkfuseone, didnt ur daddy told you this part of the ride too?
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Yup. M for Malaysia! biggrin.gif


QUOTE(abcdefcuk @ Dec 17 2009, 12:42 PM)
none
because even when they are good looking,

after a few months of audit, they look crap.
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Hence the saying, you go in as a boy/girl, you come out as an old guy/lady doh.gif
Itu_Dia_Man
post Dec 18 2009, 10:48 AM

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QUOTE(sigheart @ Dec 18 2009, 03:42 AM)
ITU DIA MAN !!!!!  brows.gif  brows.gif

Don't think that applies to you though, still as good looking as when I first saw you  brows.gif  brows.gif
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Compliment accepted biggrin.gif though I'll probably look like one of your uncles come end of this peak period tongue.gif . Btw, excessive drinking (alcohol) also leads to ageing faster and by the looks of it, audit people memang can drink whistling.gif
Itu_Dia_Man
post Jan 17 2010, 08:39 PM

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QUOTE(Topace111 @ Jan 17 2010, 08:02 PM)
5 great tips I learned that one must have to excelled in audit :
1) Ability to digest everything and anything quickly (depends)
2) Good communication skills & PR (super useful for client purpose)
3) Multi-tasking (can get you to top very quickly)
4) Ability to endure (from senior, manager, client & everyone else)
5) Motivation for not leaving b4 get membership. (the hardest part)
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+1 I'll add another attribute; the ability to lead and delegate. This trait is not so relevant while you are still a junior but it wont be long before you will start to clean other people's sh*t rclxub.gif
Itu_Dia_Man
post Feb 9 2010, 09:19 PM

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I was just wondering which Big Four firm has the most MNC auditing clients? Mind to share some of them?
Itu_Dia_Man
post Feb 10 2010, 07:19 PM

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QUOTE(Johnathan Sia @ Feb 10 2010, 11:38 AM)
This is actually usually P&C info so might be a bit hard to get.
Well, there is a list of clients for all the Big Four firms on Wikipedia tongue.gif . I was just wondering whether the Malaysian side employs the same auditors as their main headquarters? I do know HSBC and Citibank employ KPMG as auditors and maintain that all their branches worldwide also do the same. Its the same case for IBM whose auditors are PwC. Though I do know of some cases where one Big Four will audit certain subsidiaries of one company and the rest are done by a different Big Four.

Itu_Dia_Man
post Feb 10 2010, 10:53 PM

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QUOTE(Topace111 @ Feb 10 2010, 09:53 PM)
You want to try MNC is it ? biggrin.gif
Anyway MNC operations will normally be lesser compared to local conglomerates which is far more established with certain "domestic protection" like Sime Darby, Petronas, YTL, Berjaya, IOI,..... I have done some audit for singapore companies and with all those laws, no wonder every MNC is flying to SG instead of MYS. MNC is more established at their home country with exception like O&G industry.

Btw you will not find company like Microsoft & Apple in MYS do you ? Well not big enough to be audited anyway.
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There must be some kind of difference between the audit experience for MNC compared to the local conglomerates. I agree that some MNC operations here are lower-scaled hence the perception that MNC jobs are much easier. However, I heard that it can be quite shi*ty due to the fact that some MNCs require the audited reports from respective countries within a tight dateline in order to submit their group financial report.
Itu_Dia_Man
post Feb 10 2010, 11:56 PM

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QUOTE(Topace111 @ Feb 10 2010, 11:24 PM)
There are a lot of IT MNC in Penang and I heard its not easy there to audit. Your client place got internet connection ?
I am working with no air cond and everybody is in "depression" state.
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No air cond? What kind of client is that? Well, I dun know abt EY's policy but KPMG's policy is no usage of client's internet connection. Whether we follow it is another matter but I came over a case where the client's system was infected with virus. So the senior forbid us from using it. Another case would be the client forbidding us to use their connection cuz the whole of our dept laptops have been infected by the immortal dept spyware. So its the depression stage now eh? I have seen some of my batchmates having crestfallen faces, I am still surviving though. I bet everyone is dying for the CNY holidays to come smile.gif
Itu_Dia_Man
post Feb 11 2010, 09:17 PM

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QUOTE(Topace111 @ Feb 11 2010, 12:45 PM)
The client whole building under centralised aircond system, close sharp at 6.30p.m.
Client pandai jimat duit ma. Thats why can earn billions.

EY dont ban but it depends whether the manager style is EY or AA. If AA ,........ well "be prepared".
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Lol, still got camp division in your dept? Office politics....interesting as always...I bet that the AA style is strictly by the book and only-can-go-home-at-4-am style whereas the EY style is more of the laid back and friendly approach.
Itu_Dia_Man
post Feb 12 2010, 06:46 PM

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QUOTE(Topace111 @ Feb 12 2010, 10:31 AM)
4 am ? I have tried "no sleep at all" but kena scold la cos face like zombie next morning. But normally they will combine like AA Director with EY manager or AA manager with EY seniors. No differentiation just the manager style. So is like "fire & ice" together. When peak they engaged AA mode, when not its EY mode. Office politics ? Everyone tender like there is no tomorrow like other Big4s. Nobody to fight for any post except partner level.
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You are going to be insomniaed at this rate. Almost everyone also taking half day off today (unofficially laugh.gif ). Well, so its true then its much easier to get promoted at EY.....but not everyone can take auditing life, some in my dept left before their bonus entitlement period, its not worth it as they say.
Itu_Dia_Man
post Feb 13 2010, 03:20 PM

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QUOTE(Topace111 @ Feb 12 2010, 10:48 PM)
I kena cheated today, all my colleagues left me alone while i am interviewing the client. Yours also "unofficial half day off" huh tongue.gif . When I went back to meeting room, only left 1 senior there. Anyway my first super peak has passed. Another one coming on April,......  groan.
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laugh.gif All in holiday mood liao...even the client too pestering us on what time we are leaving....Anyway, Gong Xi New Year everyone rclxm9.gif
Itu_Dia_Man
post Feb 24 2010, 09:53 PM

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Good to know you enjoyed your time in KPMG.

QUOTE(kumahachi @ Feb 24 2010, 01:41 PM)
i'll be starting work at kpmg next monday! just signed the offer letter today..
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Welcome to hell! rclxm9.gif
Itu_Dia_Man
post Feb 26 2010, 09:18 PM

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QUOTE(kumahachi @ Feb 24 2010, 11:43 PM)
tax division also hell ah?  icon_question.gif
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Oh, I am from audit dept so I am not sure about tax. Anyway all the best. smile.gif

QUOTE(lilo88 @ Feb 25 2010, 11:29 PM)
how is the promotion level like in audit division?? like KP i know that performance review is done at the end of every year. so does that mean every year you get promoted?? and how much increment roughly?
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Yes, performance review is done at the year end and they like to give those b*ullshit such as 'you are not up to it la', 'you are not ready' to hold off your promotion rclxub.gif . From what I have heard, KP's increment is lower than what EY gives.
Itu_Dia_Man
post Mar 20 2010, 06:46 PM

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QUOTE(accetera @ Mar 20 2010, 05:07 PM)
newbies, kpmg had a full newspaper frontpage HIRING AD today
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Desperate Big Four then! No surprise there as there are way too many seniors in my dept leaving this time around. I shall pray for reinforcements then cuz if not, its gonna be a miserable time for the 2nd half of the year sad.gif
Itu_Dia_Man
post Mar 20 2010, 10:18 PM

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QUOTE(seantang @ Mar 20 2010, 07:16 PM)
That's actually a time of opportunity.

When the firms are shorthanded in terms of seniors and managers, that's the best time for juniors and seniors to force the firms' hand in terms of promotion. Especially those seniors who are already engaged with critical assignments. Threaten to leave at the most critical peak moment unless you are promoted and the partners will give in. Of course, always be prepared to actually walk away if they call your bluff.
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Hence the existence of the term 'opportunist'. Well, I heard stories that the upper management like to give bs excuses such as "you're not ready, you're not up to it' in order to withheld promotion. I know two seniors who are brilliant AA2s (i worked with them b4) and yet they remained as AA2 for almost two years after they join the firm. Rumours were that they were mistreated for one reason or another. One left end of last year and another is leaving this coming week. Sadly, they were nice guys too.

True, walking away is a must after failing to convince the partners to promote you, but as lowly AA2, the bargaining power is not as great as say, SA level or Assistant Manager. One of soon-to-leave managers advise me to use audit as a stepping stone and dun worry too much as an AA. Only when you are a SA, then you can start thinking about your future. But at this rate, I fear the dept might bungkus sooner rather than later sweat.gif
Itu_Dia_Man
post Mar 21 2010, 03:33 PM

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QUOTE(Topace111 @ Mar 21 2010, 01:30 AM)
I am especially sad when nice and efficient colleagues are leaving (but when all of them do it together, its a bombshell). And they are not leaving cos of promotion, the partner personally request them to stay. Bro, I personally understand how you feel. Audit does give the harshest reality check on many things.
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QUOTE(ThanatosSwiftfire @ Mar 21 2010, 11:12 AM)
Hahahhaha yeah recently pwc oso had it's share of good seniors leaving. very sad imo T_T
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Life goes on. And soon, hopefully you can be the 'good seniors' that will be appreciated by your juniors and peers alike. Well, someone has to keep on carrying the flag left by the good seniors, to leave your own mark as they say.

Itu_Dia_Man
post Apr 1 2010, 08:26 PM

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QUOTE(Topace111 @ Apr 1 2010, 05:18 PM)
Is it a culture in malaysia that even if you finished your work early (efficient) they will keep on pumping work for you so that you "need" to go back around midnight. Yeah if its a project based (with deadline) work is never ending, but does boss these days view people going back early as lazy though they finished their job substantially  ? I think it applies to different gender as well. Thats why certain managers have certain preference when comes to choosing staff. Some want male while some wants female.
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Does this happens too in EY? Though I heard that as long as you finish the work given, then its no problem whatever you do after. Its definitely prevalent in KPMG as those seniors cannot tahan seeing you not doing anything after you finish your work. They must always see you onto something. There was once I was doing my work in the laptop using softcopies. The team leader came and 'advise' me to do something and not slack off cuz she did not see any files on my desk doh.gif. So you see, sometimes you also must act a bit, put a bunch of god damn files on your desk, make it look messy and people would think that you are actually doing something.
Itu_Dia_Man
post Apr 4 2010, 12:28 AM

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QUOTE(kyosukekisaragi @ Apr 3 2010, 11:53 PM)
EY Rawks! =P
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How much they pay you for this comment? tongue.gif

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