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Can’t speak to Deloitte. But my take.
Pros
def better exit opportunities for $$$. Learning curve steep initially, but not overcome-able if willing to put in work and are bright. Work life balance is definitely worse during peak periods and much better off peak (obviously that is a generalisation as it would be client schedule dependent).
Cons
If you thought a commercial/retail audit was boring—just wait.
Also a generalisation, but in my view (as compared to commercial registrant audit)—much less experience, maturity at finance/accounting/back office side.