June 28, 2019 at 4:26 pm #2514561theJackedCPAParticipantJanuary 2, 2021 at 10:36 am #3199043j_accountantParticipant
I am wondering if you ever figured this out. I am interested tooJanuary 2, 2021 at 11:17 am #3199085ellabellaParticipant
Advisory is really “advice”, like consulting a business during a non-audit engagement. Lots of firms need it. For instance, when the new standards for Sarbanes-Oxley was passed, firms didn't know how to discern the requirements of the act, so they turned to CPA firms for consultancy. When you're studying for the CPA exam (like UWorld Roger CPA Review), they speak of different topics that can assist any business with refining business processes, expediting matters, and complying with laws. If now working for a CPA firm, one could demonstrate advisory competencies in a management consulting firm like McKinsey.February 25, 2021 at 12:54 am #3246261georgeParticipantMarch 21, 2022 at 1:02 pm #3310723VickyParticipant
This is how I feel every time we go to a recruiting event and the students always ask if I'm tax or audit. I work in Risk Advisory and I like to describe it as internal audit/consulting work. I personally love it because all of our projects vary since they simply depend on what management is trying to achieve (internal audits, BPIs, SOX, government compliance, etc.).March 21, 2022 at 10:09 pm #3310741Ninja AlbertParticipant
Hey I think advisory is guiding business owners to accomplish there financial goals and I think it can be either way in TAX and Audit. An auditor must understand the transaction cycles and may also advise on better ways and more efficient ways a company can run so it may be a mix of both…
that's some food for thought!