Does Public Accounting Really Have It's Exit Perks?

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    Topic
  • #185315
    Topo30
    Member

    Hello All,

    As of late, I have been pondering about making a switch to public accounting. Why? Well, these past several moths I have been actively seeking and or applying to roles within industry.

    That said, I have noticed issuers and non-issuers seeking candidates with public accounting backgrounds. What does an auditor possess that a staff accountant with two years of accounting experience lacks (e.g., myself) ?

    P.S., it would be a dream of mine to work for one of the Big four firms.

    Thank you.

    AUD-FAILED X5
    FAR-FAILED X1
    BEC-FAILED
    REG-FAILED

Viewing 4 replies - 1 through 4 (of 4 total)
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  • #550004
    fuzyfro89
    Participant

    Auditors have exposure, at a very early point in their careers, to a full set of financial statements, annual report, and internal controls. Many (or at least some…) entry level accountants in industry typically do not.

    They do not learn anything in depth in 1-2 years, or even 4-5 years for that matter, but auditors have an infinitely wider exposure to all activities done by the financial reporting function in a short time, while also generally being hard working and at least somewhat intelligent. Plus, there are a LOT of them leaving every year, and working in industry is a good fit for a lot of people's interests.

    If Big 4 is your dream, go for it! Many people will cut you down, tell you that you won't be able to get in, but if you are determined and show you're able to handle it, you'll get in. Your best chance is to pass the CPA and earn the license which will definitely show your commitment to the field and make you more marketable to the firms (Big 4, mid size, and smaller firms).

    #550015
    fuzyfro89
    Participant

    Auditors have exposure, at a very early point in their careers, to a full set of financial statements, annual report, and internal controls. Many (or at least some…) entry level accountants in industry typically do not.

    They do not learn anything in depth in 1-2 years, or even 4-5 years for that matter, but auditors have an infinitely wider exposure to all activities done by the financial reporting function in a short time, while also generally being hard working and at least somewhat intelligent. Plus, there are a LOT of them leaving every year, and working in industry is a good fit for a lot of people's interests.

    If Big 4 is your dream, go for it! Many people will cut you down, tell you that you won't be able to get in, but if you are determined and show you're able to handle it, you'll get in. Your best chance is to pass the CPA and earn the license which will definitely show your commitment to the field and make you more marketable to the firms (Big 4, mid size, and smaller firms).

    #550006

    Fuzy you give some good advice!

    MBA,CMA,CPA, CFF?, ABV?

    #550017

    Fuzy you give some good advice!

    MBA,CMA,CPA, CFF?, ABV?

Viewing 4 replies - 1 through 4 (of 4 total)
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