working in an auditing firm worth it?

[blackmamba99]

to all those who are working in an auditing firm or who had an experience working there,

is the stress of a very toxic work worth it?

yes it would provide you with quality experience in the accounting world but do the benefits outweigh the cost?

parang kinaugalian na na pagkapasa ng board ay magapply agad sa isang auditing firm to the point na hindi ka "in" kung fresh CPA ka at hindi ka nagauditing firm..

na parang hindi ka ganap na naging CPA kung hindi mo nasubukan mag auditing firm..

i'm not against working in an auditing firm but i would just like to here comments and suggestions that would encourage me and other readers as well to work in an auditing firm without regrets..

any advice or suggestions po! thanks!

[cpa_oct2011]

Hello.. Para sakin kaya ako nag-audit firm ay dahil gusto kong makita ang reality ng auditing theory...haha.. by the way Am working in one of the big 5..

Since this is my first busy season, I can say that the work is somehow toxic because everything is different. Syempre hindi pa gaanon ka sanay in dealing with clients.. kailangan kasi marunong kang "mambola" kung baga.. hahaha!

Compensation wise, mababa talaga as compared sa ibang private firms but the good thing kapag nag-audit ka ay magandang training ground ito.. eto ang sabi sakin ng mga Finance Manager kapag tinatanong ako..hehe.. Besides magiging magaling ka sa pag-eenglish kasi puro explanation at documentation ang mga gagawin mo..


ayun lang,, haha.,, nasasayo pa rin ang decisyon if you will pursue audit... at kapag nag-audit kana e maeexperience mo rin ang lahat! hahahah

[jnsbytn]

tanong lang, ano yung top 5 aud firm bukod sa sgv, isla lipana, kpmg at deloit?? ano yung pang 5?? di kasi ako nag audit firm....

[ezio_davinci]

Never tried working in an auditing firm.
Right after passing the board, umuwi ako. At dito na sa amin humanap ng trabaho. No regrets naman.
Pero nasa iyo na yan. Maganda ang exposure sa auditing firm. The downside is (based sa mga narinig ko, LOL)
the starting is not that good but in the long term, maganda talaga ang effect ng exposure sa audit. Hindi ka mahihirapan mag abroad.

In my case, I can pursue other venues. Pwede ako mag-proceed sa Law and nakapag-teach pa ako . LOL.

Just my two cents. It's your choice.

[ezio_davinci]

I mean "avenues" not venue.

I'm not trying to influence you ha.

[AccIdPEx]

Worth it dahil bukod sa technical knowledge na makukuha mo, matututo kang maging lider, makipagusap sa mga iba't ibang mga tao na iba iba ang posisyon, patience, time management, integrity, reasoning, communication, atbp.

May chance din na madami kang makilalang connection sa business world, kuhanin ng ibang kumpanya, offeran ng mataas na sahod, etc.

Pero kung hindi mo talaga type, pwede ka din namang magprivate, kung magaling ka, kahit na hindi ka galing sa audit firms, tataas at tataas ka kasi nasa performance naman lahat yan.

[KID=1412]

Worth it para sakin kasi ang hanap ko sa buhay ay variety. Di ko nakita ang sarili ko na magstay lang sa isang company (although technically sa isang company lang ako employed! LOL). Masaya yung paiba iba ng kliyente IMO every few weeks/months.

Nung una talaga kaya lang ako nag-apply sa pinagtratrabahuhan ko ngayon kasi gusto kong malaman kung overrated lang or what! Haha! Di pa ko completely convinced sa final answer sa tanong ko.

Sigurado naman ako sa sarili ko nung nag-apply ako kasi dun lang ako nagpasa ng resume at nagpainterview pagkapasa sa Board. I guess di ko lang maamin na gusto ko din talaga dito magtrabaho! LOL!

Depende talaga sa ultimate goal mo kung mag-auditing firm ka or hindi. Madaming nagsisi, meron din naman nakinabang sa experience. Nasa tao pa din yan kung magiging okay ang experience sa auditing firm. Good luck to everyone!

[kitakits]

so far, nag eenjoy pa naman ako magtrabaho sa audit firm. though nakakapagod nga lang talaga, lalo na ngayon, "busy season". pero masasabi ko naman na worth it yung experience ko. madami-dami na akong natutunan dito and until now, i'm still learning. ginagawa kong investment ang experience ko dito.

[lockex]

Wala pa akong nakilalang nagsisi sa trabaho sa audit firm. Hmm. Ewan ko.

[kitakits]

pero meron akong kilala na reklamo ng reklamo dahil parang dead meat na daw sya sa pagtatrabaho. 1st busy season kasi namin. hehehehe

[sliceoftime]

para sa akin oks ang audit. medyo boring in the beginning kasi parang tick and flick lang yung work pero pag naiintindihan mo na yung work and yung client, mas masaya.

may rotation din ba pag nasa chartered firm ka sa pinas? in addition to audit work, nakakagawa din ba kayo ng business services/taxation work? or audit lang talaga for the whole year?

[lockex]

para sa akin oks ang audit. medyo boring in the beginning kasi parang tick and flick lang yung work pero pag naiintindihan mo na yung work and yung client, mas masaya.

may rotation din ba pag nasa chartered firm ka sa pinas? in addition to audit work, nakakagawa din ba kayo ng business services/taxation work? or audit lang talaga for the whole year?

Like everything else, it depends. Pero wala pa akong kilalang narotate sa tax from audit nang hindi nya nirerequest. May mga advisory clients na kumuukuha ng staff from audit. Minsan matagal at di na naibabalik. Usually though it's the other way around.

[sliceoftime]

Depende din siguro sa size ng firm? I work kasi in a small firm. I do audits during the busy audit season. Here that's January to March for clients with December year end and July to October for clients with June year end. The rest of the year, I spend doing business services work and taxation work.

Curious lang ako kung ano ginagawa sa bigger firms sa Pinas. Dito kasi sa big 4, sobrang laki ng clients you get assigned sa pag-audit ng isang account lang (example cash lang) and I imagine that would be really really boring.

[zenchski]

Depende din siguro sa size ng firm? I work kasi in a small firm. I do audits during the busy audit season. Here that's January to March for clients with December year end and July to October for clients with June year end. The rest of the year, I spend doing business services work and taxation work.

Curious lang ako kung ano ginagawa sa bigger firms sa Pinas. Dito kasi sa big 4, sobrang laki ng clients you get assigned sa pag-audit ng isang account lang (example cash lang) and I imagine that would be really really boring.

Well your imagination is quite true. May client na meron 50+ bank accounts and then your going to test all of there bank reconciliations haha

[sliceoftime]

di ba limiting yun in terms of career development? one year puro bank rec lang?

[lockex]

di ba limiting yun in terms of career development? one year puro bank rec lang?

Nakalimutan nya sabihin kelangan mo tapusin yung bank rec sa 3 araw.

[sliceoftime]

Fine, good sya for learning to deal with pressure pero in terms of being a well rounded accountant/auditor.

I'm asking because i'm currently working in a small firm and i am considering applying for a bigger firm in the audit section.

[tazjhaie]

yes. staying there for about 3-4 years, if you are going to be a good auditor, paglabas mo, ang kukuha sa iyo usually, client mo.... kadalasan, chief accountant position ka agad which is equivalent to junior management position... sweldo? mababa sa audit.. tiis lang konti then paglabas mo, fo sure enjoy ka sa magiging sweldo mo... doble agad... minsan hindi lang doble...

[KID=1412]

di ba limiting yun in terms of career development? one year puro bank rec lang?

If this were really the case, then when are you going to prepare the FS?

Eventually, titigil din naman sa pag Bank recon yan kasi kailangan ng magfoot ng FS. Sabi lang sakin dito, pinakanakakainis daw i-foot yung mga FS ng banking. Never experienced it so di ko alam kung ano pinaghuhugutan nila!

Seriously, your development in the auditing firm would depend on you. If you feel you are underchallenged then tell that to your superior. We have a staff that tendered transfer documents but later swayed to stay within our group with the promise of giving more exciting workloads. Now he is having the role of a superstaff!

[tazjhaie]

limiting? madaming accounting grad or even CPA ang hindi marunong gumawa ng bank recon sa actual scenario... im telling you, hindi limiting ang matutunan mo nang maigi ang tamang way ng bank recon...isa yan sa pinakamahalagang part ng FS... usually, yung mga boss na walang alam sa finance, bank recon lang ang mahalaga sa kanila.. cash position... period.