Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Question on EY Audit

views
     
TSdsl P
post Apr 4 2020, 06:00 AM, updated 6y ago

New Member
*
Probation
47 posts

Joined: Apr 2020


Hi guys, I’m currently applying for EY Audit Graduate Scheme. Apparently I have to choose one from a few sectors to focus on, for instance Financial Services, Telecommunications and so on. Can anyone help to elaborate the details and provide insights of each sector within the department? As I have not found any information about that online and would like to know more about them before making the decision. Thank you.
TSdsl P
post Apr 7 2020, 09:30 PM

New Member
*
Probation
47 posts

Joined: Apr 2020


QUOTE(feydrax @ Apr 6 2020, 04:24 PM)
Have you secured an offer already? Indicating a preference does not guarantee the sector you want.
*
Hi. I’ve just completed the final interview. When the interviewer asked me to choose KL or JB office, I said JB initially. Then she said JB’s case is different as it depends on the assignment they take instead of narrowing down to different sector like KL office. I’m actually open to any sectors so it’s fine if I didn’t get the sector that I wanted.
TSdsl P
post Apr 7 2020, 09:32 PM

New Member
*
Probation
47 posts

Joined: Apr 2020


QUOTE(cxjiek @ Apr 6 2020, 11:18 PM)
Was from EY 2 years ago, so some info might be outdated. There are 4 depts:
FSO-Banks
NRG-Oil and Gas
DTC-Diversified Telco
HPI-Property Developers, Rental Income, Transportation

FSO is most different from the other 3 depts because they specialise in auditing banks. FSO people always say "i hate audit loans (asset)", then other depts say "i also hate audit loans (liability)", but it is actually totally different thing.

FSO teams also tend to be very big, so those new auditors also tend to specialise into only one tiny part of the audit, where only manager would get more exposure into the whole audit.

FSO peak time is also different, almost all clients are December year end so peak is tight, then after peak I heard some take really long leave (one month) utilising their leave in lieu of overtime.

Also heard some FSO people saying banks are so big and so competent that misstatements auditor detect become not material making audit pointless.

FSO audits Maybank. NRG audits Shell. HPI audits Hap Seng, KLCC, DRB, SP Setia, Top Glove, AirAsia. DTC although suppose to audit telco, but most of the largest telcos are audited by PwC.
*
Thanks for the information, it really helps. Do you mind if I ask why did you quit EY?

TSdsl P
post Apr 7 2020, 09:34 PM

New Member
*
Probation
47 posts

Joined: Apr 2020


QUOTE(Sammie7 @ Apr 7 2020, 11:05 AM)
that's why the rotation between each audit is important so you get expose to other areas every now and then. TS, in future if you got stuck on permanent role/area, voice out to your supervisor.
*
Noted, thanks for letting me know.
TSdsl P
post Apr 8 2020, 06:11 PM

New Member
*
Probation
47 posts

Joined: Apr 2020


QUOTE(cxjiek @ Apr 7 2020, 09:42 PM)
Welcome. Left because want work life balance
*
I see, thanks for letting me know.
TSdsl P
post Dec 3 2020, 09:09 PM

New Member
*
Probation
47 posts

Joined: Apr 2020


QUOTE(Fantastic1218 @ Dec 3 2020, 02:12 AM)
Hi, may I know how long after interview you receive an offer from them?
*
Around 2 weeks, but mine was fast track tbh, cos applied through virtual career fair when studying overseas.
TSdsl P
post Dec 4 2020, 11:13 PM

New Member
*
Probation
47 posts

Joined: Apr 2020


QUOTE(tehoice @ Dec 4 2020, 10:04 AM)
so which one you end up choosing? I hope you picked financial services, because you can think for your future, you may have more chances to move to a bank or build your career in the banking industry where you have a chance. or you could also have your next step in corporate finance or any other department in the investment banking line.

not many ppl have audit experience in financial services because there are very little banks and only audited by the big 4, if you choose to move to other firms, your such audit experience would definitely give you good edge.

not saying others industries are not good, but i just find that experience auditing banks are harder to come by.

Telco, etc are not as bad too actually, but just that our telco industry here is very saturated and highly competitive.
*
Too bad that they are not hiring in KL at that time, I end up with branch office of my hometown which has no choices available as everything's mixed tgt. The worst part is that FSO is basically non existent here. Unless there is a rare case where KL office need our help to audit bank branches.
TSdsl P
post Dec 4 2020, 11:18 PM

New Member
*
Probation
47 posts

Joined: Apr 2020


Don't know whether if I should try to apply for banks program while I still can. But apparently retail/commercial banking is about the same, tedious and mundane. Probably investment banking for a different kind of challenge.
TSdsl P
post Dec 5 2020, 10:54 PM

New Member
*
Probation
47 posts

Joined: Apr 2020


QUOTE(BravoZeroTwo @ Dec 5 2020, 03:44 PM)
Which branch you work for now ?
*
Sent you a pm smile.gif
TSdsl P
post Dec 6 2020, 03:56 PM

New Member
*
Probation
47 posts

Joined: Apr 2020


QUOTE(BravoZeroTwo @ Dec 6 2020, 02:23 PM)
HI dsl,
I have not received.
*
oops, sent now
TSdsl P
post Dec 7 2020, 07:29 PM

New Member
*
Probation
47 posts

Joined: Apr 2020


QUOTE(tehoice @ Dec 7 2020, 09:47 AM)
May I know where are you based now? No worries, so long you can get good audit experience that would suffice.
Any thoughts of venturing into investment banking line? like doing corporate finance, etc....

But my suggestion is, get about 2-3 years of audit experience before moving on.

Well audit trained guys are quite sought after in the IBs to be honest.
*
Hi there, will talk further through pm with you

 

Change to:
| Lo-Fi Version
0.0171sec    0.67    6 queries    GZIP Disabled
Time is now: 13th December 2025 - 11:54 PM