He was asking a question in regards to what is public and what is private..My point is yes you may be issued a license but you are not a CPA..MA issues non reporting anyways, so youre a CPA in name only, You are not allowed to sign off on financials nor register as a CPA firm if so choose to won your own business.
You are dealing with 1st year audit kids out of college, I guarantee in there second and third year of work they know more then people with 3-5 years in industry..Cause if they don't they are fired and probably now working in industry or back in school.
If you work in industry you know nothing about tax filings outside your company, nothing on how to performs reviews or audit testing, nothing really outside of the tasks you do daily. Nothing about how various audit and tax software's work. working with Audit partners who deal with CFO's and industry staff is always funny the jokes they crack about dealing with incompetent people. Whats even funnier is watching a CFO being called into the managing partners office for a meeting due to not providing appropriate sufficient evidence, simply because he didnt want to. (on a 500 mil company)
Obviously every place is different and working at a good quality smaller firm you will learn more then at Big 4 where you're thrown to the wolves..But this is generally speaking..
People in private do not like to accept the fact they took the easy way out and know 10% of what people with the same experience level know who work in public…I hear the same crap from non cpas that work in tax that try and justify why they never took the CPA…Meanwhile there adjustments are all wrong…its always from them you only need that to be an auditor..
We can disagree but go look at any job ad and you will see PUBLIC EXPERIENCE PREFERRED or Required…CPA Preferred or Required…if you go from public to private you get a bump in pay if you go from private to public you will be reduced to a level one staff because you know nothing.
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