Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed

Outline · [ Standard ] · Linear+

 Big 4 Recruitment Drive

views
     
accetera
post Oct 27 2009, 03:17 PM

Ambassador of ChatHouz AI
********
All Stars
10,777 posts

Joined: Sep 2009



QUOTE(skyhigh73 @ Oct 27 2009, 02:24 PM)
Does any of the big 4 take in fresh grads to their advisory line? pls share your insights in this field ^^
*
Current times rarely but there is always consideration. I got a friend who just got advisory offer from one of the Big 4, and she's a Masters fresh grad.

This post has been edited by accetera: Oct 27 2009, 03:18 PM
accetera
post Nov 7 2009, 01:38 AM

Ambassador of ChatHouz AI
********
All Stars
10,777 posts

Joined: Sep 2009



Auditors in Malaysia
based on the top 40 largest (by marketcap) public listed Malaysian companies

# Number of clients

1. PricewaterhouseCoopers = 17

2. Ernst & Young = 13

3. KPMG = 5

4. Moores Rowland Malaysia = 2

5. BDO Binder = 1

6. HLB Ler Lum = 1

7. Deloitte Malaysia = 1


Remarks:
(1): No. 5, 6 and 7 are equal on number of clients, so ranking is based on the size of the client.
(2): PwC takes half of the 10 largest companies.
(3): Some auditors may not be the Malaysian member firm. The clients may engage auditors of the same verein based overseas as their main auditor and reporting accountant.
(4): The clients are components of the top 40 largest publicly-traded companies in Malaysia by market capitalization as of Sept 2009.
(5): The clients are of various industries, some of which are affiliated to one another by equty holdings or similarity of stakeholders.
(6): The top 3 auditors will continue to dominate in the event a larger amount of large companies are taken into account.
(7): Despite the above, the ranking is NOT a good indicator of the largest auditors in Malaysia due to audit fees being charged on the client's turnover and not market capitalisation. Other reasons include inability to compute the total clients, large local and foreign corporations that are not listed, not all subsidiaries of the client are audited by the main auditor, the other functions within the audit firm such as taxation, advisory, etc, outsourced jobs, and other factors. Certain audit firms specialised in different key functions and type of industries.

Back in 2007:
user posted image

This post has been edited by accetera: Nov 8 2009, 03:34 PM
accetera
post Nov 8 2009, 03:33 PM

Ambassador of ChatHouz AI
********
All Stars
10,777 posts

Joined: Sep 2009



QUOTE(Jeremycool @ Nov 7 2009, 08:51 PM)
MAy i know wat means by Group A?!
*
That is just the proposed name for the new Alliance of mid-tier firms..... but i think that idea no longer has "high motivation" becoz BDO and Horwath have moved up the ranks, as in becoming more prominent amongst public listed companies.
accetera
post Nov 8 2009, 05:43 PM

Ambassador of ChatHouz AI
********
All Stars
10,777 posts

Joined: Sep 2009



the big 5 are aggressively recruiting now for the peak season...... i think BDO has a full ad on Saturday Star newspaper.............
accetera
post Nov 10 2009, 10:06 AM

Ambassador of ChatHouz AI
********
All Stars
10,777 posts

Joined: Sep 2009



QUOTE(vin_ann @ Nov 10 2009, 07:19 AM)
Correction / Update:  the Bold Moores Rowland is being changed name to Mazars Malaysia
*
thanx for the update............



QUOTE(silkfuseone @ Nov 10 2009, 07:22 AM)
and this is what they say..audit..you can throw a stone and you will find a lot of people in audit..and the poll of senior position is NOT a lot ..in a company you only have ONE CFO

*
Alot of corporate guys and top bankers have their background in audit (source: TheStar BizWeek).

If you make a survey of Board of Directors and Senior Management/Head of Departments across all public listed companies (as well as SMEs), you'll find a very large majority of them have an "A" professional qualification (such as MIA, MICPA, ICAEW, CA, ACCA, CPA, CIMA, etc). Don't forget that every listed company must have "Audit Committee", "Remuneration Committee" and "Corporate Governance Control/SOP Compliance/Internal Audit". Some companies require members of the Finance/Accounting Division to have audit experience.

In reality today, the goal to joining Audit is to help in obtaining your professional qualification and adequate practical experience/exposure across various industries within Corporate Malaysia.

Of course not everything is Audit, but Audit is certainly a valuable stepping stone in progressing your career (a so-called professional one though). I believe your career will go faster with Audit than Commercial Accounting (accounts work). You'll be surprised that alot of people that obtain a good Banking job that has nothing to do with 'Sales" now had their previous work in Audit (most people without niche work experience will probably be thrown into Selling).

But again, not everybody likes Audit, so entirely depends on the person lah.

This post has been edited by accetera: Nov 10 2009, 10:12 AM
accetera
post Nov 10 2009, 11:37 AM

Ambassador of ChatHouz AI
********
All Stars
10,777 posts

Joined: Sep 2009



QUOTE(silkfuseone @ Nov 10 2009, 10:18 AM)
"Alot of corporate guys and top bankers have their background in audit"

I don;t think that is a good assessment ..We are on the subject of the No one man/Woman of the company..and if you search through the financial news like Forbes etc.there is NOT a lot from Audit backgroud..The CFO might be..but the CEO is either from Finance..investment bankers or marketing based...ALL COMPANIES are Sales driven  EVEN auditing firms are sales driven  so the partner of a n audit firm changes his role when he become s the engaging aprtnet  he becomes a mearketing man and market his audit firm and services.

Audit is a good stepping stone if you aspire to be an accountant or an audit manager..BUT to move up the laddrer you have to be  a marketier..because bottom line is you ahve to market yourself taht you can take the company to a higher level..number crunching after the effect is not going to help you in your career  but knowing how to look at the numbers on a big picture basis and the overall coming togethre together of the finanace.market,sales and operation startegy makes the company move forward in a dynamic way in the difficult matrix puzzle of the business world
*
I think what I said above is generally the corporate world within Malaysia and Singapore (or rather Asian countries). You cannot compare the Americans and others as their society and ours is very different (American CEOs dont need an "CA" in their resume). No doubt we Asians have a very "paper" and "professional qualification" mindset, perhaps because we are not as "enterprising" as others. Even Dato Tony Fernandes (ACCA qualified) once agreed to that (when he speaks to accountants). (Tony is always more a marketing man rather than accounting man)

Coming from banking sales, I agree with you that sales/marketing is most essential for you to climb the ladder and for the company to move forward. I once said in another thread that for example, the most successful banker (those that earn alot and win awards) is actually the most successful salesperson. I can't deny that almost all CEOs are excellent in sales-related skills and they are a well-rounded person that are not just good in audit/number-related skills but also the overall business/innovative mindset cultivated through experience in sales.

Nevertheless, initially, not everyone will succeed in sales. I choose to return to audit because it is more stable, make full use of my education, pick up relevant skills for future and better suit my characteristics. I believe audit first, then sales later, because being fresh you certainly need to learn and work hard and then build up what you have. When I'm done with my "A", I would most probably want to become a marketing man.

This post has been edited by accetera: Nov 10 2009, 11:43 AM
accetera
post Nov 10 2009, 01:16 PM

Ambassador of ChatHouz AI
********
All Stars
10,777 posts

Joined: Sep 2009



You have explained very clearly about the "reality".

Thanks silkfuseone for de advice.... gd luck to you too.
accetera
post Nov 10 2009, 03:42 PM

Ambassador of ChatHouz AI
********
All Stars
10,777 posts

Joined: Sep 2009



QUOTE(silkfuseone @ Nov 10 2009, 01:31 PM)
Accetera........Just for your own interest  go to the website LONDON BUSINESS SCHOOL ..and go to the icon MBA TV..and see and hear what the graduates have to say..you will be inspired to achieve your dream to reality..

I have learn alot from observing my dad and his friends and how thye achieve things..and I believe that it is achievable...I am only starting in my first job now and only 21+  but I know what i want and have a plan to achieve my goal..

Good luck in yours..
*
Thanx for sharing.... oh high five we are around the same age smile.gif
accetera
post Nov 11 2009, 09:38 AM

Ambassador of ChatHouz AI
********
All Stars
10,777 posts

Joined: Sep 2009



Do what you can, want and have passion to do , and not do what others asked or influenced you to do.

Sometimes you have to take risks in making career decisions.

This post has been edited by accetera: Nov 11 2009, 09:38 AM
accetera
post Nov 12 2009, 06:13 PM

Ambassador of ChatHouz AI
********
All Stars
10,777 posts

Joined: Sep 2009



QUOTE(kenz002 @ Nov 9 2009, 10:45 AM)
anyway wat do u guys think bout deloitte? Hows the working environment n ppl over there. Any overseas job ?
*
i aso want to know....

among the traditional big4, deloitte seems much less popular......
accetera
post Nov 27 2009, 06:23 PM

Ambassador of ChatHouz AI
********
All Stars
10,777 posts

Joined: Sep 2009



Some info trivia....

Banking Auditors in Malaysia

Selected Local Banks:

Maybank - EY
CIMB - PwC
Public Bank - KPMG
RHB - PwC
AMMB - EY
HLBank - PwC


Selected Foreign Banks in Malaysia:

HSBC - KPMG
Standard Chartered - KPMG
OCBC Bank - KPMG
United Overseas Bank - EY
The Royal Bank of Scotland - Deloitte
accetera
post Dec 4 2009, 06:36 PM

Ambassador of ChatHouz AI
********
All Stars
10,777 posts

Joined: Sep 2009



anyone taking CPA? i plan to take next year... but was wondering how you guys cope with working commitments in de big4 while studying ??
accetera
post Dec 13 2009, 11:59 AM

Ambassador of ChatHouz AI
********
All Stars
10,777 posts

Joined: Sep 2009



QUOTE(abcdefcuk @ Dec 10 2009, 01:04 AM)
citibank kena left out ?
The auditor for Citibank Malaysia is KPMG. There are many other foreign banks in Malaysia but too small to be mentioned.

Selected Government Banks:

AgroBank: Deloitte
Bank Rakyat: AGO and Deloitte
Bank Simpanan Nasional: AGO
SME Bank/Bank Pembangunan: AGO

AGO refers to Auditor's General Office or rather the Government's Audit Department (Ketua Audit Negara).
accetera
post Dec 17 2009, 10:11 PM

Ambassador of ChatHouz AI
********
All Stars
10,777 posts

Joined: Sep 2009



some guys and gals aged very fast after 6 months in audit...

late nights, pressure, stress, responsibility (burden), lotsa travel here n there, unfriendly clients, etc etc
accetera
post Jan 6 2010, 09:33 PM

Ambassador of ChatHouz AI
********
All Stars
10,777 posts

Joined: Sep 2009



QUOTE(Grimm @ Jan 6 2010, 10:17 AM)
I am keen on it too. Lets say I've worked for 1 year @ a Malaysian Big Four. Now I request a transfer to an Australian Big Four. How do I go about it?

Do I resign and then apply to the Australian Big Four myself? Or do they do it for me? What if I resign here, and then they say they have no place for me there suddenly O_O

GG-lah =/
*
The Malaysian firms have no relationship with similar name firms from other countries. It's a partnership via afffiliation and not a subsidiary. Yes you resigned completely.

I heard PwC have an exchange programme last time not sure now.

It's peak period for Big4 and not so newbie and not so senior like me is stressup....

This post has been edited by accetera: Jan 6 2010, 09:34 PM
accetera
post Jan 16 2010, 04:42 PM

Ambassador of ChatHouz AI
********
All Stars
10,777 posts

Joined: Sep 2009



QUOTE(limshenghong @ Jan 16 2010, 01:00 PM)
Excuse me, EY is da best and KPMG is lousy? Sweats, It is depending on da tasks/clientele/opportunities you have got rather than your firm's reputation. For your information, I know EY people who failed exams more than 10 times and 2nd class lower, yet are still working in EY so you perceive that they're smarter? Every Big4 has their pro and cons  sweat.gif I have sisters and relative from all Big4, this is what I get to know...

PwC-
Big Conglomerates, Reputably being da best in Malaysia, equipped their auditors with many career development trainings and paperless audit guidance. Public transport convenience
But most of my friends can only audit 1-5 companies in their first 3 years there, as the clients are too huge.

EY-
Has most no. of listed clients ard 250+, so likely always get to audit listed client.
However, they are industry-focused (GFS, SVS TCE, REC), extremely expensive parking at least RM10/day (I'm sure you would go back to office often) and 50% paperless audit, and look at their IAFG results despite boasting da biggest workforce.

KPMG- da Leading Big4 in Banking & Finl Audit with Citi, StdChar, Public, OCBC, most convenient for outstation's employees as nearby to housing area and beside OneUtama, in case you need to stay up to late night. Cheap parking.
But they're extremely rules & regulations bounded, disallowed their employees to surf internet, facebooking, only recently changing to paperless audit, so you expect yourself to carry many files everywhere and being da best friend to printers.

Deloitte-
da Best in Taxation, their Employee's background are more well-rounded with da mixture of academic & co-cu excellence, Champs in IAFG, 100% paperless audit software AuditSystem2 and can learn every industry. Cheap parking.
However, their clientele base is not that wide, lacked of blue-chipped clients, less benefits, and last ranked Big4 in Malaysia.

Many students have da wrong perception about Big4, often they don't really understand how does da corp rank them, it is actually entirely based on Revenue and Market Capitalisation. You are NOT da one going to pocket those revenue in da end, therefore personally I believe that da opportunities and exposures that you'll be gaining, should be da main factor of your final decision.

Being da worse amongst those top scorers in PwC, under-performing & low morale. Or being da Hero amongst da average good in other Big4, and enjoying good performance evaluations and happiness?

World Ranking
Firm                        Revenues  Employees  Fiscal Year  Source
PricewaterhouseCoopers  $26.2bn  163,000  2009  [1]
Deloitte Touche Tohmatsu  $26.1bn  169,000  2009  [2]
Ernst & Young                  $21.4bn  144,441  2009  [3]
KPMG                          $20.11bn  135,000  2009  [4]

Malaysia Ranking
PwC, EY, KPMG, Deloitte...

I'm Malaccan anyway
*
well written mate....

1. PwC is very well-sought after by GLCs and glamorous in Corporate Malaysia.
2. EY will make you an expert in a particular industry making your resume stand up.
3. KPMG is a good start if ya looking at Financial Services industry in da future.
4. Deloitte's audit clientele are mostly foreign companies in Malaysia, especially Japanese.

I guess PwC is on hiring mode as they appeared whole page in today's TheStar Jobs.

This post has been edited by accetera: Jan 16 2010, 04:47 PM
accetera
post Jan 26 2010, 10:12 PM

Ambassador of ChatHouz AI
********
All Stars
10,777 posts

Joined: Sep 2009



QUOTE(Fight3Rz @ Jan 26 2010, 09:35 PM)
Can anyone tell me wat is the minimunt requirement to get a job in big 4 as an auditor?? Tq^^ nod.gif
*
1. a normal accounting-related degree

2. no broken english in resume

3. just need to pass the interview
accetera
post Feb 12 2010, 10:52 PM

Ambassador of ChatHouz AI
********
All Stars
10,777 posts

Joined: Sep 2009



peak season walao


QUOTE(Itu_Dia_Man @ Feb 10 2010, 07:19 PM)
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.
*
true true
I guess all the Big 4 firms audit tonnes of foreign MNCs operating in Malaysia across all major industries.

Most times foreign firms will employ the same Big 4 auditor as their parent company overseas, however at times, this may not be true depending on the discretion of the management of the malaysian subsidiary or other circumstances.

In Malaysia, PwC is rather strong in our local Government-Linked Companies. EY takes almost 40% market share of public listed companies on Bursa. KPMG has unlisted giant Petronas and a couple of banking audits such as Public Bank, HSBC, StanC and OCBC. Deloitte tops in tax issues but its audit has a few good 2nd liners and caters to SMEs and Japanese MNCs.

Gong Xi Fa Cai

This post has been edited by accetera: Feb 12 2010, 10:58 PM
accetera
post Mar 16 2010, 09:05 PM

Ambassador of ChatHouz AI
********
All Stars
10,777 posts

Joined: Sep 2009



super peak dinner becomes supper hahaha
accetera
post Mar 20 2010, 05:07 PM

Ambassador of ChatHouz AI
********
All Stars
10,777 posts

Joined: Sep 2009



newbies, kpmg had a full newspaper frontpage HIRING AD today

2 Pages  1 2 >Top
Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0682sec    0.87    6 queries    GZIP Disabled
Time is now: 18th December 2025 - 03:24 PM