12-16-2010, 06:51 PM
Dear zuiis,
I've spent almost a year in the audit department of an accountancy firm. What I've observed is that it's almost a recurring work at different clients and once you've audited some of the clients, you become familiar with the audit process and formalities and then you just add value to your auditing skills and develop professional scepticism while auditing.
With the passage of time, you're moved to more seniority level and more responsibility and authority is given to you. So, you learn how to communicate and how to deal with different situations. It feels great when you are auditing and you learn a lot at the client premises. That's what the audit is about.
As far your question about the comparison of finance and audit and your decision to opt one out of these two is concerened, I would say that if you do well in any of the two fields and build a good reputation and succeed in impressing the recruiters at the interview then you can get your desired job. But obviously, finance jobs are more frequently offered, because in every company there needs a finance department whether small or a large one, than the jobs in audit, be it internal or external in the firm. But every company doesn't need to recruit internal auditor because it depends on the complexity of the transactions and the risk involved along with other factors. And as far recruiting the external auditors is concerned, the firms retain the best guys after they become members. So, in the end I would ask you to think about career aspirations, you capabilities and then decide what choice to be made.
Clearly, if you join firm after qualifying ACCA it's best, bettter if after Part 2 and if you are passing one or two papers in a year, it's better to start training alongwith studies and concentrate both of them equally.
I hope I've replied your questions you asked...
I would love to have comments on the TOPIC as well as on the above mentioned issues from the more experienced fellows.
Regards,
Wajahat Hussain
I've spent almost a year in the audit department of an accountancy firm. What I've observed is that it's almost a recurring work at different clients and once you've audited some of the clients, you become familiar with the audit process and formalities and then you just add value to your auditing skills and develop professional scepticism while auditing.
With the passage of time, you're moved to more seniority level and more responsibility and authority is given to you. So, you learn how to communicate and how to deal with different situations. It feels great when you are auditing and you learn a lot at the client premises. That's what the audit is about.
As far your question about the comparison of finance and audit and your decision to opt one out of these two is concerened, I would say that if you do well in any of the two fields and build a good reputation and succeed in impressing the recruiters at the interview then you can get your desired job. But obviously, finance jobs are more frequently offered, because in every company there needs a finance department whether small or a large one, than the jobs in audit, be it internal or external in the firm. But every company doesn't need to recruit internal auditor because it depends on the complexity of the transactions and the risk involved along with other factors. And as far recruiting the external auditors is concerned, the firms retain the best guys after they become members. So, in the end I would ask you to think about career aspirations, you capabilities and then decide what choice to be made.
Clearly, if you join firm after qualifying ACCA it's best, bettter if after Part 2 and if you are passing one or two papers in a year, it's better to start training alongwith studies and concentrate both of them equally.
I hope I've replied your questions you asked...
I would love to have comments on the TOPIC as well as on the above mentioned issues from the more experienced fellows.
Regards,
Wajahat Hussain
