[thedude]

Is it common for a new employee to sign a disclaimer that he or she will reimburse a firm if they lose a client and the employee is terminated? I see this disclaimer and just don’t know if this is a common practice or not.

Aud: 42 (ouch)

All others TBD

[yamar]

Sounds odd to me, but I've only worked at one firm.

What if the client leaves for a reason other than dissatisfaction with the firm?

What amount is the employee reimbursing?

FAR: 65,49,61,74,78
AUD: 65,68,64,78
REG: 56,77
BEC: 75

[RachelP]

Wow, idk if I would sign that. I can see signing a non-compete. Like, I won't contact your clients when I leave.

"Don't worry, beeeeee happy!"

Unhappy with job, long distance boyfriend, not much studying:
FAR- 66 [08/28/12] AUD- 61 [10/04/12] REG- 59 [11/28/12] BEC- 63 [01/11/13]
Year off (from exams): Got new job, got married, moved, etc
✓ AUD- 79!!! 01/10/14 FIRST PASS!! WOOOO!!!
✓ REG- 73 02/27/14, 81 10/27/14
✓ FAR- 83 5/16/14
✓ BEC- 80 7/24/14
✓ Education ✓ Experience
Ethics Exam

[RachelP]

Or maybe add (in writing) to the contract that the client has to sign, in writing, that they are leaving bc of you, specifically. I've worked for a few clients at this firm that have left, but it wasn't due to JUST me. Luckily, my boss understood those cases. Phew!

"Don't worry, beeeeee happy!"

Unhappy with job, long distance boyfriend, not much studying:
FAR- 66 [08/28/12] AUD- 61 [10/04/12] REG- 59 [11/28/12] BEC- 63 [01/11/13]
Year off (from exams): Got new job, got married, moved, etc
✓ AUD- 79!!! 01/10/14 FIRST PASS!! WOOOO!!!
✓ REG- 73 02/27/14, 81 10/27/14
✓ FAR- 83 5/16/14
✓ BEC- 80 7/24/14
✓ Education ✓ Experience
Ethics Exam

[Anonymous]

I wouldn't sign a non compete or whatever it is the OP is referring to.

The only way I would sign a non compete is if I was paid to do it. By that, I mean offered money in EXCESS of the prevailing market wages for the position in interest. The amount should probably be equal to the PV of the expected wages foregone during the contractual blackout period.

For example, if you're contract is to work at Co. A for five years at $50,000 per year and the terms of your non compete clause dictate that you cannot work in public for one year after termination, I wouldn't sign isht unless they give $50k discounted at 5% (max) for five years.

[Tripp11]

My previous firm (Top 10 national) and my current firm does not have any such verbiage like the OP stated. Further, I called a college friend of mine who is an audit partner for EY, and he said he's never heard of any sort of verbiage like that and that it was quite the over reach by that particular firm.

There is no way I would sign an agreement which states anything along those lines.

AUD - 93
BEC - 80
REG - 86
FAR - 83

[Hammer]

Don't sign that garbage. Unreal

FAR - 70, 81
AUD - 83
BEC - 77
REG - 70, 78

Licensed in Ohio.

Now what the hell do I do?

[Anonymous]

That's right Tripp!!

I can't believe that guy! The employer should just do what everyone else does- sufficient oversight and review and more importantly: DON'T LET THE FIRST YEARS SPEAK TO THE CLIENTS!!! That's a joke, but seriously though.

[jbisdamon]

NO WAY do you sign that. First that's ridiculous. I've never heard of anything like that. Second, just imagine if you sign that sucker and your first audit is for a client they bill half a million dollars a year or something. You piss them off and they leave. Guess who owes half a million. If you're sane, do not sign that.

BEC - 76 7/22/14
AUD - 84 8/30/14
REG - 75 10/16/14
FAR - 87 11/24/14

[Author]

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