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December 4, 2022

Pros and cons of auditing various industries

I'm at a Big 4 in NYC and I'm looking to move internally and change my industry specialization. I like audit but am ready for a change, however I don't really know what industry I should move to. I was hoping to get opinions on high level pros/cons of working in various industries like health care, insurance, automotive, hospitality, real estate, retail and consumer, technology transportation, etc.

So for instance, the banking industry is heavily regulated and changes frequently, which forces us to change our audit plan to meet the new regulation requirements. However, most banks have all types of assets and liabilities (except inventory) so you'd get to see a lot of different stuff, as well as controls.

So, what do you like and dislike about auditing the industry you're in?

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