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FP&A is generally far more fulfilling than audit for those that like more “analytical” work
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Start coaching associates then.
That’s not the question I asked but thanks. Reviewing is even more of a quality control exercise
Yes leave audit as soon as you can. 2-3 years is more than enough experience. FP&A, FDD, CMAAS, anything is better. You’re significantly underpaid
Agreed with the previous comment on FP&A. Definitely more thought needs to go into assumptions and modelling.
Out of curiosity what types of analytical procedures do you preform to test the more mundane balances like receivables, payable, cash etc? I am currently working on AROs and impairments and we would use alot of analytics to minimise risk and do less TODs but I'm curious.
My client is a securitized lender so a lot of their line items are driven by loan book. Instead of testing a bunch of samples for something like interest income, we can estimate using balances, timing of payments, and interest rate as lomg as we get comfy over the fields in the loan book. Can make this estimate for 100s of thousands of accounts and get within a reasonable threshold
You're lucky. Workpapers have felt like a chore since Day 1.