Exiting big 4 senior 1 offered associate position at regional accounting firm for lack of experience on smaller clients. Thoughts?

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I don't think you're getting screwed that much if you haven't actually been a senior. It's a lot harder to get a job change and promotion with new company. I think from a business standpoint they have a valid reason. I think if you truly have the skills to be senior you'll get quick promo anyway. Don't sweat it

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AA1 - SEC audits require way more than a private AICPA audit. There isn't anything in AICPA guidance that isn't in PCAOB guidance, however there is a shit ton more in PCAOB guidance than AICPA guidance (Internal control testing, C&A, reporting, etc., etc.) just take a look at the financial statements for a private company and then look up google on SEC.gov.
HUGE DIFFERENCE

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Try a bigger firm. They probably think you want to test the shit out everything, and will be overwhelmed - when in non integrated audits you do bare bones audits.

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Fuck that. There's got to be better stuff out there

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Yeah. Tell them to go f themselves. You have no future there.

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@S1 This is why I've heard people coming from regional/small to B4 are better from a technical perspective at the lower levels. Hell, by the end of my first year I was touching every account.

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^ Probably your fair share of BS and sweeping things under the rug are required.

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^🙄. Sure they will.

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Could be justified, especially if all of your experience has been with one specific industry. If that is the case then you are just looking in the wrong place for a job (look at a firm which has clients your experience is applicable for).

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Have you worked as a senior for a season yet? Also, would the position be responsible for a broader range of work (tax and accounting or general tax not specialized)?

They're saying it's experienced based - I have zero experience in non-integrated audits and have never managed more than 2 engagements at the same time because my clients were fairly large ($50b), but everybody in this regional firm has on average 5 clients doing non-SEC stuff all the time

@TA1 - no this would be my first busy season as a senior but I got laid off. And yes the work is for a broader range since their clients don't comply with SEC which i don't have much experience with. I'm trying to figure out if it's reasonable to take this step back...

@ey3 I'm just curious as to why it would matter the opposite direction but not the current? If you know one thing and not the other you're not qualified, regardless if it's x->y or y->x you're basically just saying because you know SEC means you know everything

@CH1 and @ey3 like I said I was never attacking. No need to get your panties in a bunch. But like @senior1 put it, ITS FUCKING DIFFERENT so calm down. And again just as I mentioned before, just because you can do it one way doesn't mean you can do it the other. You're putting way too much weight on a public client. You've probably (at 2 years exp) haven't dealt with the types of issues associated with a smaller client, and knowledge of SEC.gov doesn't help that

@AS1, OP specifically stated they were not EGC and were on a large public filer.

I've worked on the messy private client that thinks accruals are optional and I would consider it a great year if they had less than 200 adjusting entries or they had the slightest idea what the entries were for.

@AS2 yes this is usually the case. I can tell you for a fact that on my Fortune 100 SOX client, the staff were nowhere near researching guidance and writing technical memos. All audit plans were already designed for them. They were just testing and doing a little bit of managing workflows as they advanced. Compare this to mid tier firms where staff in smaller markets are often in-charging engagements and doing technical research.

@AA1, we were both pretty calm and outlined the differences without escalation. We can disagree with you if we want. My group requires people to work on 1 SEC client and 1 private client so you get experience in both. There's nothing I do on the private client that isn't done on my public client. My public client is pretty bad too

@AS1 Not sure that prompted your response but having to do this doesn't correlate to a shittier audit. If your manager and partner are worth their weight, they will catch any of this funny business.

Thank you everybody for your insights. This is helping me a lot. Still processing

@OP all the above was too long to read. If the firm is offering you the $ you want, it will probably be better to be a staff for a year. The expectations go way up with the senior title. Think $ and long-term career trajectory, not short term awkwardness of the lesser title.

No way. Embarrassing that they offered it. No.

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