QUOTE(vin_ann @ Jun 19 2008, 10:21 AM)
yes, audit required extensive travelling.
Tax most of the time is spend in office.
workload for audit n tax. it's depend. Audit got it's own peak period and so does tax.
Audit the peaks is start from Nov or Dec till June
Tax peaks start from April onwards for the tax filling dateline.
since u dun have experience, you need to start from below. for tax, importantly you need to show your great interest with tax during interview, then will be more chances u will be get hired.
business advisory i no experience, but i can tell you about audits.
from your post, what you prefer is more to advisory dept.
audit = expressing true n fairness of the management account prepared by the accountant.
in order to express the uun-qualify opinion, a lots of works need to be done. vouching, test of control, analitical review and a lots more. it's mostly on financial side, not much to operations.
as long as you have a degree in accounting or finance, i thinks you shd be qualify. preferable you have ACCA or other relevant professional degree.
vin ann, anyway thx for ur opinion ya!
appreciate it
Added on June 19, 2008, 4:46 pmQUOTE(caryn_eternal @ Jun 19 2008, 01:27 PM)
IMO, I don't think they will take that long as they conduct assessments on a monthly basis. Maybe you could at least try to call them back and ask on the application status.
Yes, they do. If your application is not successful, in most cases, an e-mail will be sent to you
From my opinion, tax will perhaps suit you better. As for audit, you are expected to always travel to and forth to the client's place, hence the lack of time in the office. And not forgetting the long working hours. At the end of the day I guess it all boils down to where your own interest lies in. If you'd prefer not to travel more and spending more time in the office, tax may be the most appropriate answer (but of course long working hours are sometimes expected as well). I can't advise you on what tax associates do as I'm not in tax. But I think if you've studied tax in Uni before this, it should be sufficient. And don't forget, people in assurance are required to continue their studies in professional exams, it is mandatory for audit and vice versa for tax (it's up to you). As for advisory, yea... IMO I reckon they'd usually have a somewhat preference for experienced candidates over fresh grads (not really sure about this).
Just my humble opinion, trying to clear off some doubts in potential candidates' mind as I was one too a few months back
Not too sure on this, hence I would not be able to give an appropriate answer. As for advisory, you may enquire other experienced forumers. But again, I would say based on what you have conjured, I believe you would prefer advisory more. Audit as I know doesn't concentrate much on that. I think you would know by now that most audit people would always complain the long hours and tons of work to do all year round, but what keeps them going at the end of the day? No one would like to be committed to a job so much that he/she rarely spends time on their own personal lives, and partly it is the nature of our job.
There are plenty of learning opportunities in audit as you will be exposed to many aspects of the business i.e. the nature, management, and of course on the financial aspects like the inventory, AR, AP, etc. You'll need to learn beforehand the analytical procedures, what is expected of you on the job, how to collect sufficient evidence (this is where vouching comes in), how proper documentation should be like, etc. So yea, it is a very thorough and detailed process.
No harm in trying
They do accept those of finance background as well if I am not mistaken, so long if you have some knowledge in accounting but of course, it also depends on your luck as they will probably access your transcripts and look at the subjects you have studied beforehand. Good luck!
P/S: Training will be provided in most Big 4 firms (I think... At least mine do and I think they have the best facilities around). All the best!
dear caryn, thanks alot for ur advise. i agree that if i'm doing something that i have no interest in, it'll be a drag everyday and will definitely be demotivated, hence affects the outcome of the work given.
guess i have made up my mind
thanks!
Added on June 19, 2008, 4:50 pmQUOTE(asiahost @ Jun 19 2008, 01:30 PM)
The workload between audit and tax is imaginable. Pick an auditor in the street and they will be able to tell you. Both audit and tax have their own peak period. Depending on which firm you will be joining whether big 4 or medium size the work load is different.
Fresh entry are not encourage to join corporate world because it is better to get exposure in audit line first. For illustration, a guy who works in a corporate world for 3 years compare to a guy who works with an accounting firm. In terms of exposure it will definitely be the guy working in the audit line as he is able to see many industry. As for the guy in the corp world, he will be dull doing the same thing for the past years. Well, this is my perception. It might not be true for others.
As far as i am concerned the salary does not vary much or does not vary at all for tax and audit if you enter as fresh grad.
Audit requires travelling as you need to meet the clients to get schedule, working papers and management accounts. Tax do travel but not as much as auditors do. But you can claim petrol or can car pool with your seniors.
Do your research and start applying then.. But from my point of view, you dont have to find a position that need you to stay in office and less travelling because you dont want to skip class. You rather made the right choice for your career path then having an easy way out to "pass your paper". The choice is still yours
The one that I can think of is Audit is more challenging than BAS. Depends on which level you are in, say you enter as fresh grad or inexperience Business Consultant Associate/Exec, you will be doing admin stuff.
BAS is not just analysing companies and assessing their current situation. There are more "DULL" stuff to it. Too many paper works compared to audit. A lot of reading.Too many reports. If you like this stuff join audit few years and then go for forensic auditing or FAS.
Go ahead applying for big four while waiting for results. Wish you luck
It should not be a problem because I known someone having a medical degree doing audit. And of course he is willing to pick up. Besides, he is doing an accounting professional cert that is why the firm allow him to join.
mmm... but audit is kinda like repetitive work from what i've heard..but dunno how true is tht.
neway thanks for ur wishes and opinion
good luck to u as well for ur job application and results!
This post has been edited by v86: Jun 19 2008, 04:50 PM 
Jun 18 2008, 10:19 PM
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