Hi all, I just received an offer from Deloitte in audit B&I department, can anyone provide some insight? For example, client portolio, working life etc. Thank you so much in advance.

Hi I have recently been offered by KP for an internship position. Would you mind sharing what does it mean by "not perform well during internship"? like examples.

Thank you!

Hi,

anyone under transaction diligence?

thanks

No need to worry too much. Everyone I know did ok and most actually got a permanent position back there.
But don't expect to go home at 6pm.

Oh i see. For the time, expected already so I am prepared.

by the way, if I were to drive there, any open parking area nearby? and how much.

I don't work there but let me Google that for you.





Source: https://www.1utama.com.my/Parking.aspx

I heard there is season parking too. But if you are doing audit, I suggest not to get it because most likely you will be at the client's office not KPMG Tower.

Hi guys, advice needed.

Im currently in EY audit dept for close to 4 years, recently promoted to supervisor and leading a listed December year end job, which will definitely stretch to June or July 2020. At this juncture, Im planning to leave audit because of 3 reasons:

1) 2 papers left (ACCA) which i don't have the time for the next 2 sittings and will definitely miss the next promotion to Manager.
2) I dont really like audit and dont see myself in this line for long term
3) Interested in trying Advisory (PI) - Performance Improvement

Nevertheless, I've decided to stay for another peak to gain the experience of leading a huge listed engagement which I think would be better for me and my CV as well.
But, I have few concerns as well

1) If i transfer after my current audit project ended, i don't mind retaining as Supervisor but is it possible to attain Manager title?
2) Will it be better to apply to transfer now? (will be a jerk to my team cuz abandoning them)
3) Is it really hard to transfer into other department internally?
4) What are the prospects of PI in the long run?

Many thanks!

Hi guys, does anyone know about KPMG Dept K? What is their main service line? How is the people in Dept K?

Will completion of your ACCA a pre-requisite to being considered for promotion to Manager? Many have the same thoughts as you [me as well] as I took it as a stepping stone for me to pursue other things/career rotations.

There is no loyalty in audit line, and I understand your feeling of not wanting to leave your colleagues in a 'mess' by opting to leave now instead of after the audit is done. No harm looking out now as there's no guarantee when your next job offer will come along.

As for the transfer, seems like your heart is set on an internal transfer to the Advisory team. Do you have any contacts or acquaintances there, who might know of your interest? And of course, some managers may not like it, but be frank and share what your plans are [i.e. keen to move and try other roles]. Some managers might convince you to stay on, some may ask you to follow what you want... So it's up to you.

Why specifically Dept K? Dept K is mostly with big listed companies coming from different industries mostly manufacturing, banking and gov-linked companies also got...

Since we're on that topic, how about department M? What is it actually? Just curious

Internal transfer in any organisation depends on 2 things. The transparency of the HR policy and procedure and the influence of your supervisor (or partner). In big4, HR policy is not transparent your supervisor has a very high influence. In this matrix, you need your partner endorsement plus your new dept ok. Long story short, you need their buy in first before transfer. So if you want to bail them in peak period, good luck in getting that transfer. That should answer your question 2 and 3.

In relation to question 1, it again depends on your supervisor arrangement with advisory. The current advisory head for ey is also from audit last time so if you can build a proper bridge/ channel between the partners, it will be easier.

Prospect of pi hard to say. Most treat it as platform to another job rather than and end career. The closest will be internal audit or quality analyst as your focus is more in financial than engineering/ supply chain where real consultants come in with six sigma belts. That's another discussion already.

If you get promoted to manager, you will have higher floor next time. The problem with promotion in big4 is it will be harder and harder for you to leave due to diminishing skills acquisition and expectation for higher salary.

guys, may i know which is better for me? stay in putrajaya or finding a place around kmpg? as i'm about to start my career at kmpg

can anyone tell me how the interview in EY for a fresh grad applying to be an audit associate is like?

I am an ACCA fresh grad looking for a career in audit. I applied to big 4 and some mid-tier firms since september. Didn't get any reply except for kpmg (failed the online assessment) and deloitte (only accepting new intake in next year august). Currently I'm searching jobs in jobstreet. However, looking at the amount of applicants, I don't think I will be selected since I don't have experience at all.

Any advice for me? How long should I wait? If still no response, I might just apply to small firms but I not sure which firm to apply. Or I might apply accounting/finance jobs in mnc. As time goes by, I lack in confidence for not getting a job. Most of my friends entered big 4 right after they graduated. I think my weakness is I'm not a straight passer and I'm not very outgoing. I feel so stressed out. Pls help

Hi Guys, I've been in External Audit in a big 4 firm for almost 3 years now , Promoted to senior in about 1 and a half year
Have a degree and also completed ACCA

However I'm really starting to get discouraged by the work I'm doing due to the nature of the industry I am stuck in. I dont really dislike audit, instead I find it quite interesting, It is just of course the long hours and mostly the nature of the industry I am stuck in due to my client being one where I do for almost the whole year. I know requesting to change to another industry or internal transfer definitely wouldn't work hence I am thinking of few options
i) Quit where I'm at and join another big four internal audit department as I have always been kinda interested in internal audit in a MnC since my uni days however I'm not sure what is it like in an internal audit department in a big four firm ? Can anyone shed some light on this on the timing and prospects
ii) Quit and join another big 4 department advisory . Again , I'm not sure how good is this option and what are the prospects of this and would I lose out to those who initially started as advisory
iii) Remain.

Please anyone advise me on my queries above especially those who been through my kind of situation before

Thanks!!

This post has been edited by snowdaniel01: Nov 11 2019, 10:06 PM

I was in internal audit for a year before I switch to corporate finance / financial modelling now specializing in infrastructure, project finance, structured finance and fintech related modelling and valuation (I am based overseas now after working for couple of years with one of the big-4s in KL).

About internal audit - basically your focus is on the internal controls of the business and identify any non-compliance with the policy and procedures (P&P) set by the management. Typical clientele that request for internal audit service are listed entities because unlikely small businesses where human monitoring and manual controls can be effective in managing day-to-day operations, the scale of the big corporations demand more systematic and defined processes to set controls over the various business processes (i.e., financial reporting processes in finance department, procurement processes in purchasing department, and IT controls in IT department etc).

As a internal audit outsourcing service provider, you are engaged to 'review' the specified processes (set out in the engagement letters) by reviewing the P&Ps, understand the end-to-end business processes (e.g., for the purchasing department, how does a new purchase get initiated and who can authorize the purchase and what criteria are used to decide if the purchase is necessary) and highlight any potential weaknesses in the process that may make it susceptible to fraud and abuses.

As you can see from now, internal audit provides a good opportunity to learn about the business operations instead of pure financials like in external audit and the typical exit opportunities for internal auditors are operational managers, in-house internal auditor and at its pinnacle, COO. if you are passionate about IT, you can go into 'IT internal audit' which is similar but with specific focus on IT controls. A strong training in internal audit will also prep you for a role in fraud investigation as well if you are keen to specialize in this area (fraud occurred typically because culprits exploit loopholes and deficiencies in internal controls and internal audit training helps you to identify these situations).

However, if you really enjoy sophisticated financial analysis and high finance type of work (i.e., corporate finance and financial modelling) then internal audit does not offer you that.


About advisory - 'advisory' as a department is a really wide area because you have the conventional management consulting (called 'Performance Improvement' or 'Strategy and Operations' in some Big-4s), Data analytics, and Transaction Advisory (or called 'Corporate Finance'). Each of them are so different so it is hard to give you any meaningful idea what it would mean to you personally without knowing your passion, your knowledge etc. Allow me to say this however - I believe it is relatively easier for someone to stick in audit over the long-run and be promoted to become a partner. In advisory, the pathway to become a partner is much more challenging because you need to be a 'hunter' (in advisory, you need to go out to the market and source for new business/projects) instead of a 'farmer' (audits recurs every year so business development is not so intensive). If you do not hate audit (which is rare since most peers that I know) and if your aim is to move up and become a partner eventually, then you may want to consider staying on to audit.

Hope that helps.

usually how much will EY offer for tax fresh grad ya?

most people choose advisory or audit. but advisory I heard there is a lot of report writing but in terms of jumping ship is much easier compared to tax, right?

for those in EY, do you guys ever parked directly in front of Menara millennium? any stories about cars being towed or saman? hmmm

Hi, I really need insight from people in Big4, Big4 leaver or those working in the corporate setting.

I recently applied for experienced hired in one of the Big 4, and got offered the A2 position.

The problem is my age. I'm currently 31, no commitments though.
Idk whether to bite the bullet and accept the offer and work til manager, or just join any MNC internal audit.

I do know that there's a clear progression path in the Big4, not so much in the industry. Would at least want to get 10k salary by 40 years old.