For background, I am a Tax Senior in the satellite office of a large local public accounting firm (100-150 people). I have a Master's in Tax and a CPA and work in a pretty decently sized market – we've got all the Big 4, most of the other top 10 firms, and many similarly sized […]
SSIA.. Thanks in advance.
I am currently a staff at a national firm. I am pretty sure I am getting promoted to senior. I am atleast 3 rated but I think there is a good chance i will be 4 rated (5 is best). I have an offer to move to private at a great company (Top 25 on […]
Hi All, I was wondering if any of you folks have or work with people who have pursued the CFSA [Certified Financial Services Auditor] certification, in addition to the CPA? Is this certification more geared toward internal audit rather than public accounting? Thanks in advance! My apologies if I put this in the wrong category! […]
Can you all opine upon the differences between working for the D&T ERS and PwC Risk Assurance practices; specifically, IT Audit (supporting external audits’) focused. I currently work for the former (consultant level) but am considering an experienced hire position at the latter; the reasons for considering firm-jumping aside can anyone speak to the differences? […]
At PwC, new hires with an MST make 10k more than new hires without one. I started with only half of mine finished, and finished the rest during my first year. About to have my comp talk with my partner, is it reasonable to ask for the bump up to make what the rest of […]
I am going into my senior year but still have 3 semesters left (will graduate in december '15). I am currently interning with a mid tier firm (think BDO, GT, etc etc) but want to go big 4. I want big 4 mostly for the bigger clients, exit opportunities, and prestige. At the end of […]
I'm currently interning at PwC – I enjoy the work I'm doing but know that PwC is the only of the Big 4 firms without a have a traditional pension plan… All four firms provide a 25% 401k match on up to 6% of your pay (equaling a 1.5% match). In lieu of a pension […]
Is it possible/feasible to go into private industry in a different industry you worked on in public? For example, financial services group at big 4 to working in a manufacturing company or auditing oil and gas and going to a tech company?
As the Compensation discussions are starting to roll out, I went back and looked at the 2013 threads to see roughly what kind of bump I might expect as a staff 1 > staff 2. While there's plenty of comp information, I never saw any mention of people negotiating their raises (successfully or otherwise). When I was […]
First time poster here, I'm entering my senior year of college studying accounting and actuarial science (may the jokes begin) and my plan was always to stick around a 5th year to earn my Master's in Accounting. This was because it would give me advanced accounting classes, help me prepare for the CPA, and allow […]
At my firm, we get 25 days of PTO per year. They do not expire until the end of the next year. Does this mean that if I were to quit on December 31 and my salary is $100,000, I would be compensated approximately $19,230? The calculation is based on 50 * 8 / 2080 * […]
Disqus has allowed mods to feature comments for awhile now but we haven't done it to date mostly because we didn't want to rock your boats too hard with anything new seeing as how you guys can be so change-averse. Or we just didn't feel like it. Whatever. Well, we're going to start doing it […]
Looks like the SE region got $500 ovation awards. It also looks like all of the NE region was supposed to get these as well (for a "good job" during last busy season). I know a few coworkers that did not get this. Anyone know the deal? How are they deciding who deserves a good […]
Has anyone ever worked in audit for a public accounting firm (big 4 or non-big 4) in Brazil? Me and my wife are considering making a move to Brazil and I am trying to research what it will be like there in terms of pay and hours.
Me: Big 4 trained (4 years – got to assistant manager) Left for a financial accountant role on the same money (18 months – excellent work/life balance but got desperately bored. I took the first role I was offered, and it was a poor unresearched choice) Joined mid-tier firm as Audit Manager (6 months – […]
I got into accounting by changing careers in mid-life. For the past few years, I've gone to grad school part-time to get a M.Acc. while working full-time at a small firm that provides outsourced accounting services to businesses (basically glorified bookkeeping). Although our firm is not a CPA firm, my manager has a CPA, and […]
Based on where the thread was going at the other open item, I thought it would be good to ask: 1) Have you ever been coached out? Why? Did you ultimately quit or were you laid off? 2) Do you know someone who has been coached out? Did they suck or did they piss someone […]
So yeah, this sucks. Since most accounting managers are from the Big 4, they are giving me the stink eye after hearing that I only stayed for 6 months. I can't tell them I was contractual since I wasn't and I don't want to lie cause they will find out the truth eventually. I just […]
I am currently a CPA in NY. I started out my career at one of the Big 4 accounting firms, but have since moved to my current job in private equity/asset management. I have a colleague who is looking to fulfill her CPA work requirement (also in NY), and given the reporting lines, I would be […]
I just read a news story about the link between cynicism and dementia (link to story at bottom). I find it highly interesting because for the most part, everyone I meet in public accounting, especially at my B4 firm, is extremely cynical. In the article, several people in their 70's were interviewed to determine their […]
Long story short, I'm a "two and out" former big 4 auditor who took a job within a large (F500) company doing internal audit (I know, I know..). For those of you with experience on the private side of things…is it normal for audit reports to be issued before fieldwork is completed or reviewed? I've […]
Everybody and their mother knows that pubic accounting has awesome exit opportunities on the audit side. Ticking and tying random bullshit apparently gives you a really good idea of how businesses are run. People exit Big 4 audit after 4-5 years making 6 figures with much better work life balance and decent career progression. What […]
So I'm reading an article on NPR about the share of bachelor's degrees awarded by field in the past few centuries, which shows business consistently holds the highest percentage of degrees awarded, and some shmuck comments that business requires the least critical thinking skills (really? REALLY?) out of all fields presented. Another user responds that […]
Are there any Tax Auditors working or has worked for CA Board of Equalization here that can give a brief summary of your day to day duties? How many of the supervisors have CPA licenses for an auditor to get a CPA license sign-off? What is the amount of actual traveling vs office time?
Like many of you, I receive unsolicited messages and emails from recruiters on a regular basis. One thing I've noticed is that while most jobs tend to follow predictable salary ranges, jobs in manufacturing seem to want more experience and yet offer much less money. An email I got today was advertising internal audit roles […]
Hi all, I recently started with the Green Dot (campus hire). I am not a US citizen and was looking into their Green Card policy. Their policy is to process EB-2 applications two years after one has been with the firm, given that said person has been promoted (aka is not at an entry level […]
Although there are a lot of Failure to Launch posts here, everything I have seen has been focused on early career. Granted, some of these issues are probably the same wherever you are in your career, but the circumstances and consequences seem a little more daunting the further along you get in your career. So […]
Check out this Humans of New York post; I am guessing lawyer because he looks older than the average age of someone that starts in the Big 4. But, in his interview he elludes to the same work life balance problem we all face. I think he is in a law firm. And, this is […]
I've been in Big 4 audit for a bit and I'm thinking about moving to Protiviti. What are your impressions/thoughts on this company? I am interested in internal audit, risk consulting, SOX, process improvement, etc. which is what Protiviti specializes in.
can anyone give me an idea as to what a base, entry level salary would be for an accountant in NYC with one of the major banks (JP Morgan Chase, BNY Mellon, etc..)? How much of an increase in the number should I expect if I have my CPA license? Other factors to adjust for: […]
So yeah, this just came in. My younger brother was recently diagnosed with ADHD. My mother pointed out how I was the same when I was younger. After a formal diagnosis, it was confirmed I had it also and still do. I just went on undiagnosed because, you know the 90s right? I also didn't […]
Hello there everyone, first time poster here, I am getting my MAcc currently and received an internship in Assurance Services with EY for this Summer. The office has around 70-80 associates I believe; pretty small when compared to offices in large cities like LA, NY, Chicago, etc. Of course I have read countless horror stories […]
From the mailbag: I am supposed to start my training program this September 2014 in Philadelphia with PwC. Something happen at school and now the school is placing a hold on my diploma until December 2014 (which is when my "graduation" will be). By May 2014 (my original graduation date) I will have completed all work for graduation, […]
This came in over the weekend: Hi, I'm going to be interning in Tax this summer at one of the Big 4 in Boston. I've realized that I would rather work in an Financial Services Advisory or Consulting position when I go full-time. My worry is that I'll be given a full-time offer in Tax at the […]
Do you use two phones – one personal and one for business? or just one for both? and why? I'm trying to decide what I'd like to do and could use some suggestions.
Dogs are People, Too Why it Should be Legal for You to Claim Your Pooch Recently my place of employment, a public accounting firm in New Jersey, participated in “Bring Your Kid to Work Day.” Although I have no actual children, I am the proud parent of an over-excitable, lab-mix whom I fondly refer to […]
Ed. note: I think we have a new writer submission? Or perhaps just a warning to anyone "foolish enough" to consider the thought. I'm going to go ahead and leave my misspelled name in here because A) I'm used to it and B) I don't feel like wasting the time to edit it. About two […]
Given the most recent thread in which one of the readers submitted his tale of first job woes, I began to reflect on my own experience at my first professional job, and the ways in which I too, failed to launch. This introspection motivated me to share my story with others. As many other Big […]
I am on Tinder. I am not ashamed to admit it. Why should I? If you’re a single accountant anywhere between the ages of 20 and 40, the odds are pretty good you’ve resorted to Tinder. Until someone jumps on the URL for BeanCountersOnly.com, how else are a bunch of overworked nerds supposed to meet […]
I have been reading Going Concern for a couple of years now, and it is usually very heavily focused on the audit and tax side of public accounting. There are rants about work-life balance (or really the lack there of), the interns, the busy season hours, the ridiculous review comments…but I believe the world of […]
How often are you told you work too much? Forty hour weeks are a thing of the past in the accounting world. Instead, 50 is the new 40 and 60 or 70 is more common. Working 60 plus hours a week, and traveling on top of it, can make having a happy home life very […]
Ed. note: we have another would be GC writer throwing their hat in the ring. Enjoy! 'tis the Season for required charitable donations of the Schmucks The only thing that irritates me more than having to wake up at 5:45 6:45 (let’s be honest) for work every morning is the influx of three-a-day charitable donation campaigns that have been […]
Hey GC faithful, I just switched from BlackBerry (I KNOW, LOL right?) to Android and am curious what apps you live for? I have SwiftKey which I love and just got Wunderlist which is also helpful. Any other suggestions for productivity/organization apps I should check out?
I've been in public accounting for long enough to have done dozens of resume workshops, interview workshops, and general on-campus speaking and networking events. I started in public accounting thinking there was such a thing as the perfect resume and the perfect answers to the standard interview questions. Boy, was I wrong. Just recently, […]
Ed. note: it appears this bold soul is the first to audition to be Going Concern's next big thing. Let's be gentle. “What are your three strengths and three weaknesses?” asked the interviewing partner from Deloitte. I will always remember this question as my biggest interviewing bobble to date. Who the fuck asks for three?! […]
Greetings All, I am a new member of GoingConcern, a sophomore accounting major. Accounting thus far has been much easier for me than it has been for the majority of my classmates throughout. It is intellectually challenging and I don't despise accounting at all. I like it. To most, accounting is more daunting than an […]
Here's the sitch: I've done both public accounting (audit) and industry (sr. accountant) and can't decide what my next move is. It needs to be audit-related. I'm considering going back into public accounting because I look back at those years with a certain amount of fondness – but it could just be my rose-colored […]
anyone here has experience or know any accountants that diverted their careers into IT/programming/System Design, etc? I am a recent MS Accounting degree graduate and I am looking into a programming/IT related career. What are the career opportunities out there? Right now, I am working as a staff accountant at a non-profit. I am on […]
The good, the bad, and the ugly, please. And please no links to EY propaganda videos–I know how to use Google.
I'm looking at position at PwC and was wondering if someone could explain to me what the day in the life is of a risk assurance associate? Audit, tax are pretty straight forward but I can't find any information about RA. When are the busy seasons, work load, general duties, and how does it relate […]
Please use this open item to vent as freely as you wish on those shitty days where nothing will matter anyway. I already started mine over here and if i re-type it, i will be back in the rage again. I ask that you please not add names of people, because I am a nice […]
Hi All, I'm wondering what type of work is performed in KPMG's Accounting Advisory services practice. From what I understand, this is a subset of the Transactions & Restructuring umbrella of their advisory practice. Is it mainly Financial Due Diligence/QOE Reports as in transaction service lines in other firms? Accounting policy change? Or are these […]
Now that another tax season is on the books, we wanted to find out what accountants do after April 15th. We asked the Business Advisory Professionals group on LinkedIn and here are the responses we received: • "Take a vacation and ride my Harley" • "Take a long week off then assess the season and […]
I currently work at a small regional firm in private client services tax – currently about 50% high net worth individuals and 50% split between their business entities and trust/estate/gift tax returns. I have been in this field for about 7 years now, and while I enjoy the work, I am getting burnt out with […]
I have a few to start: I try to make friends – Become rung in the ladder. You're welcome bro. Busy season blues Management pissing me off God this beer is good. Work-life balance myth? Me and my friends disagree; Jack, Jim, and Johnny. Not sure why alcohol started to play such […]
Do firms honor a two-week notice when switching to a competitor?
I work at a smaller firm with less than 100 employees. We currently use Replicon Web Resource but it's clunky and we're looking for something new. Any suggestions?
Rate Expectations The Great GASPE The LIFO Pi King Arthur And His Knights Of The Round T-Bill NTR's Game The Grapes Of Math Who Moved My Threes? COGS-22 Cain And ABIL (Yes my Canadianness is showing…sorry) Your turn!
Here's one from the mailbag: I began my second career, after finishing an accounting program, as a state auditor three years ago. I'd like to work as an accountant in private industry but am not sure how to get started. I've done a lot of fianancial/operational audits, but I'm not sure if that would be […]
Hi folks, it is DarkAgent and his stinky feet again. I posted on GC roughly a month ago with a long sob story asking for advice about why firms won't hire me. Thanks to all that replied. I'm still looking for work and have applied to multiple places over the past month, only to get […]
Our Tech Editor-at-Large David Ringstrom tweeted about this the other day but it's worth repeating here: I didn't see this coming: @gotomeeting is now free if you're using @googlechrome and only 2 or 3 attendees http://t.co/Tm1hJKnn6x Nice! — David Ringstrom, CPA (@excelwriter) April 4, 2014 All you have to do is use Chrome as your […]
Discuss: Companies like Google, Ben & Jerry’s and Zappos are unapologetic about their pro-napping stances, but a majority of businesses have yet to jump on the siesta bandwagon. If naps haven’t become a part of your daily routine, you might want to reconsider. Forty-three percent of Americans aged 13 to 64 say they rarely or […]
Every time I hear "Strategy&" I feel like it's an unfinished sentence.STRATEGY AND WHAT? WHAT IS IT?GC community, I feel we should take it upon ourselves to finish the sentence for PWC.Feel free to just add a word after the ampersand (like this: Strategy&Booze) or include a tagline as well (like this: Strategy&Booze: What could […]
Am just emerging from my first busy season in public accounting, and the thought of ever doing that again is horrifying. I feel like I'd be happy with a less intense career path. I don't want to be a CFO or Controller or anything like that, I just want to make enough money to live […]
On the three-legged stool that is the CPA firm, tax and audit stand solid while consulting is perpetually wobbly. Firms seem to launch and shut down various consulting services as if by trial and error, never quite getting it right. Why? What do the McKinseys of the world have that the Big 4 don't? Is […]
2 years at a Big 4 in NYC working on both, getting hit up by recruiters for jobs at both. They've mentioned that HFs pay more but there is more work, ie longer hours typically. Can anybody who works as a tax accountant in either industry weigh in? Is there a meaningful difference between the […]
(Yes, I was the junior before bitching about the clueless senior) I feel like I'm doing a bad job, and every senior I'm assigned to hates me cause I botched something and since we work in 1 to 2 week forecasts per client, I can't go back to fix them. I need time to […]
I am starting at GT in the fall and am in the process of studying for the CPA (passed AUD and BEC). I was wondering if anyone could give me a a comparison of the culture between a B4 firm and GT. They are both global firms, but what really differentiates the B4 from their […]
With all the bitching and moaning, perpetually low morale, busy season blues, why would anyone work in public accounting? Why would any recent college graduate enter the field, and why would any experienced worker stay in the field? Let's list the obvious pros and cons. Cons: 1) long hours 2) low pay (at least for […]
According to a survey by the National Society of Accountants (NSA), the average cost for an itemized Form 1040 with Schedule A and a state tax return is expected to increase 6 percent from last year. The average customer can expect to pay anywhere from $208 to $303 depending on what state they live in. Some accountants […]
Someone in /r/accounting posted an interesting opinion: The other huge loophole in the system is that the better work you do – the worse clients you will be put on as at the end of the day – they need someone really good to come get this hard shit done so they pull the best […]
Hi everyone, I'm trying to get a better understanding of what jobs related to tax pay the most $. Currently an MS Tax student, had an internship at a big 4 firm in NYC, will be returning full time in a few months, studying for the 4th and final part of the CPA. Yes I […]
Can anyone please tell me what does this group do? I have heard people say its more like consulting? or is it just simply some glorified auditing/accounting? Gracias!
Hello all, I am interning with KPMG this summer, and part of what attracted me was the flexibility of their internships (I recieved offers from the other Big 4, but this one stuck out to me more). Now I know the Big 4 are quite similar firms, and I wanted to know what some more […]
Have you ever worked for a boss* who literally doesn't give a shit? I mean, calling in sick or just disappearing with no explantion during crunch time, never offering to help when you're swamped, never actually reviewing anything you send them (i.e. just signing it and saying "it looks great!"), never saying anything in meetings, […]
I'm at IT Auditor who serves external audit clients at a "Big-4 Firm". This question is with regard to certifications/licenses: I will be wrapping up my CIA cert. next week as I am taking the final section. If you're wondering why an IT Auditor is pursuing the CIA – simple, I served as an Operational […]
Hi all: Ive been in public for about a year+ now and I am having many issues. Maybe some of you can empthasize with me; I dont know if my situation is unique or not, but I highly doibt it is. About myself: I work for a mid size firm (about 250 employees) in the […]
Hey all, Just wanted to get some outside perspective on the situation I am currently facing. I just completed my first busy season as an audit senior at a Big 4 in a decent sized market in the Southeast. Started searching pretty vigorously after busy season for other opportunities. Found a job at a Fortune 30 Company […]
Here goes nothing: I am a Senior in Nonprofit, been doing Audit and Tax for about 7-8 years. I've gone from a small firm to a mid-size firm to a Large (right under Big 4) firm. At this point I'm very burnt out by the long hours and lack of social life (aren't we all?) to […]
Hi GC, I am running out of ideas in creating a good 30 second pitch for the next recruiting season. I'm currently a graduate student, working in a third party pension admin. firm (tax haven/shelter), passed the CPAs. I can't seem to write anything that sounds interesting without sounding like everyone else. I try to […]
Is it mandatory for management at Big 4 firms to be personal-life hating, micromanaging, egomaniacal douche bags? Curious if there is some sort of promotion criteria, specific firm standards on personality types hired, etc. that is used to be sure that the greater percentage of managers fit that description than don't? Could be because I […]
Here's an example of what I mean: http://jobs.mcgladrey.com/job/Dallas-Consulting-Services-Senior-Associate-Bank-Regulatory-Compliance-Job-TX-75201/50038400/?feedId=1427
Far be it from me to work on a weekend, but it sounds like this guy, who emailed us and wants to go by IWantOut, is desperate for some guidance: How do I give notice at a Big 4 firm? I'm still on probation and I want out. I'm not in accounting, I'm in IT […]
We all know most of you have your "go to" track to put your head down and tear up some motherfarking tax returns with earbuds firmly planted in both ears the outside world be damned so do share with the class. What's on your busy season playlist? I'm a tad partial to Saul Williams' List […]
Do you think I should inquire with my interviewer or accept the fact that I wasn't selected? I had an interview at BDO 3 weeks ago. I think it went well, sent my thank you emails, got some nice replies. Nothing ever since. Should I email the person that interviewed me? She had the title […]
I am currently in the search for new jobs, in hopes of cutting the ridiculous amount of travel that I am currently doing with Big 4. I was referred to the Chief Audit Executive for a local company by a partner I know at a mid-tier firm for an internal audit position. The partner sent […]
Let’s all agree that drinking at the office during busy season isn’t a good idea – for you or your clients. So what are some other ways accountants can battle the effects of continuous stress and long hours in the coming months? Here are four stress-busting ideas: 1. Take your break at a hockey game. […]
We are quickly approaching the first deadline of tax season for some, so while your individual clients still have time to put things off, your corporate clients might be driving you nuts. Those of you in tax, consider this your open thread for bitching about clients. Give us your worst, your weirdest, your most frustrating… […]
From the tip box: "Can someone please address Obama's new overtime pay rules for salaried workers and whether it actually means anything to us? I keep seeing conflicting information and the proposed rules appear to lack bright lines that would define what population this applies to." Here is your NYT article on the matter: "On […]
Here's an email we received recently. Anyone got any insight or advice? Good morning. I just finished reading your article. I am actually working towards my master's of social work degree in the Chicagoland area. However, the closer I get to finishing I realize more and more that it is not for me, and I […]
Is it Friday already? Seems like just yesterday it was… Thursday. Well, we're back here in Open Items so you zany folks can let it all go; your frustrations, your dreams, your questions, your complaints, your random observations on the sociology of public accounting. WHATEVER! Anything goes. Have at it, kids.
Aside from my stinky feet, can anyone give tips on why accounting firms won't hire me? Or rather, you probably can't since you don't know details about me and I simply wrote that question as a way to grab your attention. Indeed, what I really want to ask is: what can I do to increase […]
Can anyone explain to me what a day in the life of a TAS associate/senior associate would do? Is it very similar to financial statement audit? Are there different projects you would be put on or would you focus in one area, such as financial due diligence or valuation? Is there lots of travel involved? […]
I received an offer for an internship but I still have 2 more office visits for other firms. The offer deadline is right before the office visits, so I need more time. I want to ask for an extension but am just wondering the best way to phrase it. I did like the firm that […]
Tax intern here. I've been really debating asking HR about the possibility of transferring my offer from Tax to TS-Val/Financial DD, or Capital Markets/Accounting Advisory. I like tax, but the two practices I referenced, do work that really interests me. Unsure about the possibility of this yielding good results, I've heard of people transferring from […]
I'm going to be starting in Big 4 risk assurance after graduation this summer, and I'm hoping to get a little better idea of what it's like day to day. Do they have a true busy season like core assurance? What are the engagements usually like?
GC Community, What are some good questions to ask an interviewer? I know I should ask things such as: -What do you like the most about working here? -What is the most challenging aspect of your job? etc etc However, I think most people ask these type of questions. Any tips to stand out from […]
Happy Friday, kids! Should you have any grievances to air, do so here. Or discuss anything else, up to you.
Let's discuss this article: "When I had advised students on internships, I asked whether they will be graduating in May or in December. The reason for my question involves the firms' busy season which is usually January to April. I believe that an internship that results in a December graduation date is advantageous, while an […]