What say you regarding freshies but do have auditing experience as well?

i think its high depend on your interview performance also. Dont forget, u are assessed by your tests also. erm...about your question that big 4 melaka requirement is very very very high....haha...i guess its the same as KL la...

Can u tell me more about the entrance Test in EY?
Thanks

PM-ed you.

Well, for those of you who are interested, PwC currently is split into three main lines of services; Assurance, Advisory and Tax.

Assurance is the audit arm of PwC, with a large client base ranging from Telekom to Maxis, Genting to CIMB, Shell to Esso. The Assurance practice is split according to industry, namely Financial Services (for banks and insurance companies), EUMI (for energy, utilities, mining, telcos), CIPS (for consumer industry products) and MMG (for small to middle-sized companies).

The requirement for fresh grads, simple put is for them to have at least a second class upper and good results in SPM to illustrate a history of academic achievement. But of course, results are just to pre-requisites. The potential candidate must also be an all-rounder, active in extra-curricular activities with achievements in sports being a bonus. The interview will gauge a candidates maturity and attitude, and is very stringent in the sense that they are required to sit for aptitude test which will result in a detailed profile of the candidate.

For Advisory, the practice is split into three main areas; Performance Improvement, Crisis Management and Transactions. Performance Improvement mainly deals in process type work, ranging from corporate governance, risk management, business process improvements, process transformation, human resource advisory, Sarbanes-Oxley and dispute analysis and investigations.

Crisis Management work mainly deals with business recovery, i.e. receiverships, liquidations, financial and debt restructuring, business reviews, divestment advisory.

And the Transactions is split into two main areas: Corporate Finance and Transaction Services. Corporate Finance's range of services include business planning, economic feasibility studies, structuring privatisation proposals and public-private partnerships, M&A, project financing, funding and capital structuring, divestments, business and asset valuations, financial modelling & analysis, and independent advisory. Transactions mainly do due diligence and deal structuring work.

The requirement for Advisory can be more stringent than Assurance or Tax as the recruitment is focused on experienced hires. However, fresh graduates are also recruited from time to time (but not in large numbers as in Assurance). For fresh graduates, the requirement is also 2nd class upper and above from reputable universities. The acceptable degrees would be of course in Finance, Accounting, Engineering, Business and Actuarial. The interview process differs from unit to unit, but expect to sit through a few short exams and case studies. The focus of the interview is to assess the candidate's thought process and ability to handle certain situations.

And of course, once you pass the interviews, be it in Assurance, Advisory or Tax, it's just the beginning. For Assurance especially, the nature of the work can be demanding at times, but that goes with the territory with working with one of the Big Four. The hours will range from time to time, depending on project and of course the famous peak seasons (usually from January till early March). The work itself is challenging, but to be the best, you have to work for it of course. The training and support is top notch, and as many people will tell you, Assurance is a good stepping stone if you would like to launch a career in Finance. However, please be come in prepared, too many new joiners come in expecting something else and won't last the distance.

wah good summary of pwc.. u working in pwc?

btw, u forgot the split in the industry in cips.. now there're CIPS n CIPS PLAS..

Forgot about that one. Yeah, am currently attached with PwC.

where is PwC?

auditor, those vulture eyes that come our company annually to dig for error/mistake. i belief the turnover rate for this industry is quite high as eversince my 4yrs in current company KPMG assign different group of people to audit our account.

currently at wisma sime darby on jalan raja laut...but the firm is planning to move to kl sentral in the near future

nope, this is the mentality that malaysians have.. auditor r not hired to help u do ur accounts, clean up ur mess/error, dig errors etc.. we r here to ensure that ur accounts are fairly stated.. just happens in the way of doing our job, we found errors.. malaysians clients are always like this.. "nvm , dun care.. acounts wrong alredy ask auditor to fix it", "oh wrong already? what do we need to adjust?", "dunno how to do accounts n disclose la.. ask auditor to do it la..." .. clients nv improve always make the same mistake bcos they know the auditors will find out the mistakes for them

malaysian clients are inefficient and do not give a damn, yet hate the auditors because they themselves do not have the proficiency to do what they r doing...


[disclaimer]the above statement does not apply to all malaysian clients [/disclaimer]

which means more jam, and higher parking rates LOL

OMG KevinLeng!!!

it's your uncle here

so good to see ppl sharing information here...

I think ppl working in Big4s should stick together and compare notes...

We need to tell the management what are the good things we know about other Big4s so that they'll constantly increase the benefits....

I think if you were to join the Big 4 today as opposed to a few years ago, you'd find that many things have improved. Sure the hours are long, but that's to be expected. Any top tier consulting or MNC will entail you to work long hours, that goes with the territory of joining the big boys.

The key thing here is that there has been an effort in the last two years or so to improve the quality of work life. Work-life balance may still be out of reach, but steps have been made in the right direction.

Nowadays, as an audit associate, comp time is allowable. Basic salary packages have improved to be more competitive. You have things like ex-gratia and early bonus payments to keep those spirits up. You also have more considerate and thoughtful approach to work by your mentors and supervisors, which is always a big plus especially for those who have experienced those dark times in the old days of audit.

I think, especially in PwC, the Leadership Team has shown that they are aware of the push and pull factors and are making a considerable effort to make changes for the better.

The only unsolved riddle is how to achieve that elusive work-life balance, the fabled holy grail of auditing/consulting. But really, the answer is that any large firm can never achieve that. The thing is to judge for yourselves whether the hardwork and effort put in has a pay-off for your careers at the end of the day, and whether you can cope with it. If not, than surely there are other lines of work out there that is more suitable.

you sound like a real champion for PwC ... not that I'm disagreeing

well, it ain't a too shabby place to work at, for now at least

how long have u been working there? in assurance, advisory or tax?

wah... so much talked about Pwc....
i wish i can join one of them 1 day... in future...

which to join?

n what industry to join?

so many questions is playing around my mind,...

i agreed with you...
the client will always call and ask client on how to deal with the account...just take short cut and ask auditor...
some even accept any adjustment you passed without questioning you why
some will ask and ask you why and sometimes they not willing to make adjustment..

and 1 more, how ur derived the figures 1..............
then u have to show them the breakdown.....