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If you are a fresh grad, start with audit for a couple of busy seasons then shift to advisory. Given that in advisory, your main role is to "advise", a mere university knowledge would make you look like a babe in the wood. Build up a strong specific foundation first.
One more thing to consider -- the field in advisory you are interested in. Familiarize yourself with the Big 4's portfolio of engagement and clients. What firm specializes in Risk? in IT Audit? in forensics? SGV is respected for having a top notch IT audit group, while PwC is leading the Performance Improvement field (though SGV has a giant PI engagement and you'll be lucky to be part of it). Globally, Deloitte is very known for their Risk practice but not sure with the local counterpart (I think P&A has a pretty good run on this field).
Lastly, research on the training provided by the service lines. For audit, I believe its pretty the same to all of the Big 4. Audit, after all, is pretty much structured. As for advisory, I couldn't over-emphasized the importance of having a kick-*** advisory training especially on the soft skills and contemporary practices.
*If your ultimate goal is to join a "real" management consulting firm (MBB), then a Big 4 advisory is a good start.
I need help po. i've been into private practice for 4 plus yrs already and my experience there, I admit, was way too limited - the type where im not even sure if what im doing is correct because im following company tradition n ***.
now, I applied for big 4 and though I wanted assurance kasi gusto Kong matuto talaga how to do external audit, ang offer sakin is risk advisory.
now, im in a dilemma. ok ba dito sa risk advisory? gusto Kong path ay external audit then advisory. so, sayang nmn kasi big 4 offer eto kaya im confused. pahelp po.
pag risk advisory ba, risk adv n **** forever? like how long can I wait in ordee to be transferred to assurance?
I don't know why a lot of people have negative notions against audit. There are skills/competencies that can only be acquired through a financial audit experience. I noticed that most people who complain about audit being routinary are those who are stuck with:
1) boring clients i.e. a small manufacturing company where you will deal with basically the same stuff you learned in college (inventories and all). Ito yung mga type of clients where you won't be able to apply the more complex standards like PAS 12, PAS 19, PAS 39 and PFRS 3. This is one advantage of those assigned to audit clients in specialized industries.
2) a very large client with a very large engagement team where all high-level issues are given to the more competent and/or more experienced members of the team. Hence, the less competent and/or less experienced staff are assigned to the more mundane tasks. Sa ganitong engagements, some staff are assigned to one line item (for example audit of receivables) for the entire busy season kaya limited ang learning.
3) Stuck with a client with bookkeeping issues. Ito yung mga walang high-level issues and the audit procedures basically revolve around poor record keeping.
4) the staff position dahil hindi nappromote. Harsh but true. Responsibilities progress as you get promoted and the higher your position the less routinary the tasks become.
If you can prove early on that you can deal with complex issues, and if you get promoted fast enough, audit can be a reasonably challenging and exciting career.
Anyone who is interested in a career focused on Finance, just send your resume to: firstname.lastname@example.org
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mag start ka muna as auditor. Tama ang mga kapwa natin accountants, kapag na master mo na ang audit, advisory services follows.
Start na ako ng work sa SGV sa Nov. 4.. See ya All! Pinili ko MG1, MG3 at MG5. Hehe. Although ang goal ko talaga is IT Audit.
Pero bago ang lahat, results bukas. Sana pumasa. HAHAHA.
ako start na ako sa megaworld sa december sana matangap ako sa IT audit
Thank you po for your inputs here. Medyo naguguluhan pa kasi ako kung ano ang gusto kong service line. During college parang fixed na ang isip ko sa Audit pero ngayon parang mas gusto ko na sa Advisory.
May I ask, medyo mababaw po pero try ko na rin, sa tingin niyo po sa anong mode of application ang mas maganda? Walk-in or online? I've sent online applications sa PwC and SGV na po. Pero mas maganda kaya kung magwalk-in din ako? Gaano katagal po ako dapat maghintay ng response sa online application?
Thanks po in advance
Parang pareparehas lang naman and proseso pag nasanay ka na sa kung IT or financial audit. It will be a routine once you get enough experience. at the end of the day, nkdapende sa client kung pano nila ginagawa ang proseso nila or kung sabog ba sistema nila.
I've been to compliance, financial, IT audit. Mas procedural ang compliance/IT audit. More on judgment sa financial. Yun nga lang pag bagohan ka talaga sobrang rami mong matututunan sa IT audit kasi parang on the job mo lang matututunan yung mga pinaggagawa mo unlike sa financial audit na sobra sobra na nating napagaralan nuong CPA/review/college days.
Tanong ko lang po, when it comes to transaction advisory services/deals, saan ba mas maganda? sa PWC or SGV?
Please site your answer and the reason.
And totoo bang mas malawak ang client base ng sgv? need answers... Thanks!
up up up up up
Just my 2 cents.