Anyone work for a private company that went public through IPO? I’m on the financial reporting side and curious how it will be once they are public.

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if your job is just financial reporting you should be fine. maybe a few extra controls get established that force you to document the reconciliation of numbers before you book them. but most of SOX compliance exists downstream.

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I mean it depends on what you’re asking. How is it going to be with the expenses ? With work life balance? With your future at the firm? Or just the tasks assigned to you?

When I worked for a firm that went public - we slowed down in doing any other transactions - and we focused on being a public company. My job became a little mundane and not interesting.

We also got pretty tight on certain expenses. Remember now that you’re a public company - your expenses are being presented to a board and they are comparing certain fees (audit fees- which also may have been doing other work for you) or salaries to your peers. So there will be pressure to lower certain fees and potential total salaries.

As far as work life balance - I think the first year or so may be a little tough as you get accustomed to financial reporting as a public company. You may see that the CFO will continue to push up the deadlines and try to become an accelerated filer - a lot more pressure on your team.

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