Are the non- financial industries easier to audit than financial industries? R auditors in retail or manufacturing for example less stressed than an auditor in banking or insurance industry?

like
Posting as :
works at
You are currently posting as works at

It's a different type of stress. You might be working one 1-2 regular companies but in Financial Services you'll be juggling anywhere from 4-12 depending on size and structure which can get complicated. It's not easier but it is better imo. There are various branches of financial industries which can get more demanding even with one client. I don't have banking experience so cannot speak for them however I pulled in more hours auditing hedge funds than any of my colleagues did in regular commercial clients in season. Let's put it this way: I rather work at a regular company and audit in the financial services industry.

like

FS works more since it's such a heavily regulated industry.

like

FS has more stress and hours than commercial teams in my experience.

Not true. It's like comparing apples to oranges. Lots of FS people I know spend multiple years on the same team of a big client in my market. So they could spend 2+ years just on a tie out team. that being said, the hours suck in FS when it's busy time because of short reporting periods, but the non-peak times are a breeze. In non-FS, you get to see a lot more a lot faster and aren't pigeon-holed into FS when you leave. The hours during peak times don't seem as bad on most teams, but non-FS tend to work more during non-peak. Ultimately, I think it smooths out to the same amount of time.

Except I'm busy year round working in FS since there's a million financial statements that need to be audited and issued besides the 10-K. And you can spend years on the same client, but there are tons of different areas of the company that need to issue audited financial statements. All goes back to the size of the company though. There's a reason why some financial institutions have $100 million in audit fees compared to none FS companies.

Yea, that's why it's apples to oranges. I mean, it's not consistent from year to year even on the same team. It depends on team structure, staffing, new guidance, client staffing, client significant transactions, new/significantly updated audit software, etc. In the end, just pick an industry that you like. That's all that matters

Related Posts

Healthcare corporations… please note you have more then 1 shift of workers. You have 3 most times, each shift has to be treated equally. This is and always have been an issue, and you cannot figure out why the other shifts refuse to be active and participate in anything and definitely not engaged anymore.

Post Photo
like

Is anyone aware of any healthcare / healthcare consulting companies based in the Bristol area (UK)? Thanks

likehelpful

Have an acquaintance who is a single mom; she purchased a used car 3 mos ago. Six wks later her 17yo wrecked it, air bags deployed, and estimates have ranged between $10-$18k in needed repairs while $21k is still owed. Acquaintance was switching insurance policies and flubbed the coverage dates and there were a few days where the vehicle was uninsured. No GAP insurance. I'm not seeing many options for her besides to continue pmts, fixing just enough to drive or voluntary repo. Thoughts?

like

I’ve worked for a medical consultant company in Houston the last two years doing various things from billing to patient care to even doing medical records request. I have been looking for a job preferably where I can put my masters in healthcare administration to use but most of the jobs I went to apply for I qualify for everything but the management and supervisory years.

like

Guggenheim healthcare reputation?

like

Hi Guys
I will be joining IBM next week in Bangalore ( physical onboarding ) and my hometown is in West bengal , My father is having health problems , mother won't be able to handle everything and no such person we can rely on . Also I am getting married in January . Hence If i stay in Bangalore there will be no one to take responsibility for my marriage prep also . If i convey to my ibm manager will they consider for 4months of WFH?Any documents may have to show?
Need your suggestion please

like

Anyone work in PwC Strategy& ‘s Healthcare Tech Strategy or HIA Advocacy Transformation areas? Would love to get more insights on the culture!

like

Hi there. I am an Operating Room Nurse thinking about pursuing my Masters in Healthcare Informatics. Is there a position for this career path that I can take while completing my graduate studies?

like

Hi,

I have couple years of insurance defense experience, mostly product and premise liability work, and am transitioning to the NYC law department.

With some trial experience through that position, could I translate that to a private practice down the line?

Any advice would be appreciated!

D 🐠, what was your take home in first year as principal? I assume you all get roughly 350 units and have to finance your buy in. What does that leave for your monthly draw? And after your insurance?

like

Hi Amazonians,

I got an offer today from Amazon.
I have following queries:
1. In yearly appraisals do they increase base pay or just give RSUs ?
2.how much % is the variable pay ? In offer letter they didn't mention anything about it.
3.. Is gratuity and insurance included in base pay ?
4. What's the avg base salary for solution architect 2 role ?

Please help in understanding this! Thank you

like
like

I've been independently consulting for past 2 years supporting new medtech w/ growth & GTM strategy. Looking to join an org, interested in LS or health strategy & innovation role, preferably remote. Any recommendations on where I should look? Thanks!

(15Y in healthcare & LS w/ cross-functional experience: benchtop science, clinical trials, product dev, patient care, health admin, GTM, strategy, operations, analytics, tech, AI/ML. MSc in biomed enterprise, AI for business grad cert & BSN)

like
like

I recently joined a company after being self employed. I’m on hubs’s health insurance. We have no kids. It’s United healthcare. The company offers United as health insurance. What’s the best way to compare plans? I have not been in this situation before so apologies in advance if this is a dumb question.

like

Looking for a remote/hybrid/onsite (Calgary,Alberta) job for my boyfriend who got almost 5 years of experience in proposal writing, RFP, RFI and bid management for a civil engineering firm. He also got an MBA, non drinker, non smoker, clean driving abstract and very polite. He gave out tons of cv in indeed job posters for the past 5 months, ends up becoming the filler candidate, took a huge toll in his mental health and we are going through some very rough patches. Can anyone please kindly help?

like

Anyone in house at a hospital or academic health center? If so can you shed some light on work load, the main pressures of the job, your level of satisfaction and long term outlook?

like

I do general transactional work but really want to get into healthcare. How can I make this happen?

like

Hi all I’m a certified Project manager and Scrum Master with 8+ years of healthcare experience and 3 plus years in Tech as a product manager with some 5 years in service designing. I really need a well compensating remote evening/ night shift position pls can anyone help or refer me? Thank you!

like

More Posts

Out of work and just been rejected for what would have been a great role... pointers for keeping skills in check whilst out of work... feel the longer I’m out the less employable I’m becoming

like

Any idea about IBM salary sales plan?IBM

like

Anyone else feeling less respected/ appreciated from Gen Ed teachers, you collaborate with? If so, how do you deal with this?

like

Hello friend,

Any one abscond the notice period in EY.


I Just join - 3 month.

Any one can help me for same what get happened if I do same.

Thanks for you advise

likefunny

Hi team,

I left wipro and joined new company a month before. In new company's form 11 ita asking whether you have been part of epf and eps in last organization?
Epf i am sure i need to give yes. But what do i need to give for Eps? I am aware that wipro contributed 8.33% of pf to eps. Can i transfer that too?

like

Hi Is our job in danger ? After the quarter results declaration? Has wipro undergone losses? They have kept contract to hire cases on hold as well.why so?

Did it happen with someone in the last quarter that although you got nominated by L1 for band progression but the promotion did not happen?

like

Hi fishes,
I am planning a switch so was going through some salary data for a software engineer. My ex-senior manager recommended me a website:
Growceed.com which helped me a lot in getting clarification about a lot of things but I am in doubt whether the average salaries of software engineer mentioned on Growceed.com really that much in top MNC companies.

like

Which PE firms in Boston have the best reputations?

like

Any Edward Jones employees? Can anyone share any tips for getting my foot in the door? I’m licensed, have my CFP and have 10+ YOE — However, I’d like to be on the corporate side, ideally in a Product/Analyst capacity. I’ve applied for numerous roles, with no success.

like

Hi All, How many days do I need to wait to receive offer letter from @ Wells Fargo. I have submitted all required documents. How can I know the status?

like
like

Is hotdesking really that awful? Worked in open offices before but with a desk, don’t know how to feel about this though.

like

Do people read Glassdoor reviews? I should have before starting here 🤦🏽‍♂️

like

Hey fishes,

Can anyone help me with the below questions on RTO-

1. When is optum planning to open offices fulltime and in how many phases are they planning to open
2. Do they provide cab servies
3. Do they provide breakfast/lunch/dinner inside office
4. Do they follow any dress code
5. Office timings

TIA😊

like

I worked at two different food delivery companies with nearly polarized cultures. One was transparent and collaborative, allowing ideas to come from anywhere in the organization. The other was very secretive, and you could only focus on what you were assigned to do. In your opinion, what defines a great company culture?

like

How much time will it take for background verification in PWC?

Hi All, Offers in hand Accenture 24 Lpa fix + 27% var PwC 24 fix + 20% bonus Tech - GCP, devops, terraform, Kubernetes 6 yoe Which firm should I prefer in terms of good projects,wlb and growth.Accenture Tata Consultancy PwC

like

Which one is better to join in terms of learning and work life balance.
Juniper networks or Salesforce.
Domain:- Salesforce developer.
Experience :- 5 Years.

like

Additional Posts in Accounting

How common is it when people work two jobs in the same field (accounting) and how big of a concern is it in terms of conflict of interest? If one does two jobs, how likely is it that both firms find out about each other? (One firm knows about the second but the second doesnt know about one)

likefunny

When leaving as an audit manager, if you’re going to a competitor and they ask you to leave the day you give notice, do they always pay you out the 2 weeks or are you technically fired?

like

When the senior manager expects you to create estimated tax payments out of thin air because the client refuses to pay safe harbor.

like

Is financial reporting a work life balanced job with decent pay? Current an audit manager 1 thinking about leaving public accounting. FR folks, What is your hour and pay level?

likesmarthelpful

Thoughts on getting CFP when done with CPA (1 test left) and pivoting from audit to personal financial planning? Estates, taxes, savings, etc. Or should I just stick the OG plan and go into industry FP&A when I make senior/CPA?

like

Parking should really be reimbursed! Especially when its $20 a day.

like

Anyone has the midtown uniform?

Post Photo
likefunny

Why is the majority all of a sudden supporting going back into the office? I swear to God before Elon Musk message, most people in the bowl were against going back to the office for work....

likehelpful

Interview for controllership services advisory at deloitte any tips?

like

What are other career options for tax professionals? #sickntiredof busy seasons

like

Can you mention your ultimate goal is to make partner during campus interview? Or would that come off as distasteful

like

Find myself thinking abt adderall more than I did college.. Is that something some of us do regularly or have considered for work? Are there any substitutes I'm not be aware of? Thoughts/Concerns/Qs?

like

Do partners cheat on their significant others while traveling? Stories please.

like

Are you going to year end Christmas party?

like

I recently sign a lease. The apartment will put my security deposit into an interest-bearing account and requires me to fill out a form W9. I will join EY this June and just wondering if this is ok in terms of the independence rule. I guess the apartment will put my deposit in some sort of funds. Anyone with EY has experience? Reading the independence brochure, looks like it does not specify something related to this scenario but just wanted to confirm . TIA!

like

Anyone else get shafted on promotions?

like

Hello, can anyone advise which Becker CPA program is better? Advantage (flash cards) or Unlimited (final review)?

like

Who said they want to mute Trump on Zoom before? LOL

Post Photo
likefunny

Caught my director bad mouthing me to a managing director. She was basically gossiping about me and the team. What should I do?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal