I have interviewed for a position with one of my audit clients, and I did not get the job. I am scheduled on the engagement again this year. Should I tell my partner to avoid any independence issue?

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

Yes. You follow a professional code of ethics. The moment a job is even suggested by a client, you are no longer independent.

like

You were supposed to inform your partner or whoever is your firm’s quality control director ahead of time you were soliciting or had been solicited a job interview with a current client. Better inform them now.

like

Your interpretation of independence doesn’t justify that there appears to be an independence issue. The rule is independent in fact and APPEARANCE

like

I would tell your partner. I had a job offer which I did not accept from the client and I informed my manager. The partner ended up finding out while making the rounds at the client.

Not sure about how it works with independence bc I worked on the client (non-public) a few days after the partner and I spoke and I’m still on that engagement a few years later.

like

This kind of thing only really affects SEC independence

like

I personally don’t think independence is affected here in any fashion

like

PWC2 & PWC3 the reason it's an issue is because while applying, you're hoping to get the job, therefore if on the audit at the time you could cheat the audit in their favor to gain brownie points and get the job. Similarly if you just applied but didn't get an offer and are now on the audit, you could be overtly biased against them and cheat the audit against them OR cheat it in their favor in hopes of getting them to reconsider or let you re-interview. The interest in the company enough to apply implies you really like the company and brings into question if you're willing to be "professionally skeptical" enough to not brush off "small" variances because you like them.

Thank you all for the replies. Any suggestions on how I should bring up the topic with the partner? And just to clarify I have not started the engagement for this client yet in 2019.

like

Just explain what happened. You were approached first by the client with an invitation to interview and you proceeded to interview. You wanted to be transparent and adhere to the independence policy so you are reporting this. Being a straight shooter is the best policy in this profession. Accounting is a small world and many people go to work for former clients. It shouldn't come to anyone's surprise.

Related Posts

Am getting interview calls from monjin Platform saying there are scheduling interviews on behalf of TCS.. is this platform genuine or it's just waste of time?

like

Wondering if anyone can give insight as to what salary range is for an insurance compliance role as an IC3 or similar?

like

In final stage interview for Product Manager position at Early Stage VC startup. The company convo is coming up soon and I am looking at asking 140K base, 20K sign on, and 40K equity. Is this reasonable am I selling myself short (or too high), I’m coming from consulting.

like

Can someome share the pay range for:

Manager 1
Manager 2
Manager 3

I recently got a call from EY and they said based on interview either one of the three will be given. Is it possible to get min 32lpa?

LoS is SaT

like

Serious question… if I am interested in becoming a CTO/CDO one day, what should I do for the next 5-8 years to prepare for this? Are there specific roles in tech that prepares you for a CTO role? I am currently in sales engineering with over a decade in consulting experience.

like

Can you share the resources or sites like leetcode to help prepare for interviews for 11 yoe experienced ui developer?

I will possibly be getting a machinist role through some contacts, and I have no experience in the field and I’m wondering what I could expect to make, when I look up average salaries for a machinist position I see around 65k but that seems too good for my age and experience so I’m wondering what some others in the trade on here are making

like

I finished up with final interviews on Monday. Is it a bad sign that I’m still waiting to hear back today? Don’t companies typically reach out almost immediately with an offer if they choose you?

like

Current CTC 20 fixed. YoE 11.
An offer HSBC is in pipeline ( 28 fixed as per Recruitment consultant). Position offered is Senior consultant specialist.
However I know that there is scope of pushing the offer till 36. Any inputs on getting the offer to desired figure would be helpful.

like

And firms up in the Boston area know of hiring? I’ve been in DC/nyc my whole life and want to switch things up

Plan to go to B-school in 3 years (1 year out of UG now). Long term goal is entrepreneurship. Have offers at a MBB firm for a generalist consultant role and at FAANG for a strategy role. FAANG offer is slightly higher (though both are a 50+% bump on my current comp). Both would have me reset to entry level. Which one should I take?

like

Can anyone please help me in the salary range for test lead in Coforge with 9 yrs experience…
Am awaiting HR round and this would really help., thank you

Hi,

Anyone working in
SoftServe ??

Please dm, need referral.

like

Hi Campus Recruiters at EY Canada. A month back, I have given a Hirevue interviewed for Technology consulting 2023. I have a couple of years of experience in Technology consulting. I have not heard or received any communication. Is the hiring already complete?

like

When is a 3 page resume acceptable?

likefunny

I am looking for a job change in HR domain. Any opening in North India or WFH please do let me know.

like

Will Cognizant offer 35 lpa for 11 years exp. And senior manager role?

likefunnyuplifting

Has anyone ever exited to a Salesforce Solution Engineer? Is that a good exit? Background - 4 years of erp implementations Consulting.

Hie folks ,
I applied in Bosch India through there website, the application says in progress since two weeks should I assume I will not hear from them . Or should I reach out to them . Does it takes this much time to get a reply

like

More Posts

Guys did you hear the big news???

likefunny

Tax question: married filing jointly for 1st time next year. Company recommends/requires me to fill out its tax calculator. Is this required? Can I just leave it at 0? What are implications if I skip this exercise? Overpay? Underpay? Enough to maybe have a penalty? Me and wife are ~$250k/$150K=$400k total.

like

Has anyone recently off boarded? I’m about to put my two weeks (three weeks since I’m taking a week off) and would love to hear how the experience was. Leaving for FANG so not a competitor

like

How does having an MBA in Business Analytics pay out? Is there a demand out for it? Is the job function/requirements enjoyable?

Where can I get good sativa 🍃? Dm me pls 😔🙃

like

Hello fishes, Wipro hr is not responding to my calls and mails as i have received LOI march 27 and gave joining date on april 27 till now they didnt sent me offer letter. So, when can i expect the offer letter from them.

Note: didnt tried to contact them from 1week as some people said you would receive it soon

So can i expect the offer letter this week?

like

Is Manager in FIL same as AVP in HSBC or similar investment bank.

Feeling a deep void in close human connection after letting go a relationship that was lacking a future (I was interested in something more, he was unsure). Can’t stop thinking of reaching out and need strength to just stay with the loneliness and have hope for the better times. Would appreciate support. It’s been 2 weeks but I feel bouts of extreme sadness and desire to have someone to share my life and days with.

like

If you want a great 30 min podcast listen, check out Science vs. PANDEMIC episode. It was made in September of 2019 and is a war of the worlds type show on a pandemic spreading through the world. It even features Anthony Fauci before anyone knew who he was.

like

I never doubted myself, but I doubted you
I'm tired of looking at myself in my rear view

uplifting

Anyone have any insight into the Dallas office of Holland & Knight? Thoughts, feelings, concerns?

like

Is it a redline, or blackline? I know what Google says but my practice experience says otherwise.

like

UBS has mentioned 2L of relocation bonus in my offer letter.
Do I need to submit any bills to claim the same?

like

I have a counter offer with more package than the Microsoft. Do they have a policy of blacklist the candidate if I change my mind after accepting the offer?

like

How is the working environment in GSK GCC and how is WLB..

How is the culture of EY Ireland in Transfer Pricing team? Any idea, please share views.

Hi, how many days before the joining, do VMware send laptop and other IT equipment?
Or do they send after joining?

Hi people, Recently I've cleared all rounds of interview in Honeywell. How long it will take to get the offer letter. I've already sent my documents before 4 days. I've reached HR she said it might take some time generally. Any of you know tentative time taken to release offer?

like

How much EY India offers for Manager position in technology consulting role

like

Hii, Is anyone from Oncology/Anti-cancer segment???
Please reply...

Additional Posts in Accounting

The big four conspire to pay CPAs far less than we are worth. Partners are paid millions and you’re only making $75k. You should have been starting at twice that.

likefunnyuplifting

Does anyone have any good books or podcasts about how to develop leadership/ managing skills?

like

How do I actually go about giving 2 weeks notice?

like

Hey KPMG how is life in the FRM advisory? Got a job offer from them

like

Anyone have their CFE? Just wondering what you have done or plan to do with it and what the test was like.

like

Why is it such an auditor move to eat lunch at their desks? It makes me feel like my team will look at me differently if I decided to take 30 min to an hour away from my computer to get lunch.

like

The partner in charge of my office had a nearly hour long conversation Tuesday with our new hire, behind closed doors. I didn’t hear yelling, but the bits I heard weren’t good. Will he be fired?

like

How many of you are receiving requests for feedback from people you hardly worked with this cycle?

like

Anybody interested in these billion dollar cuts to HUD? How will that effect the audit industry for LIH?

like

Just got a jury summons and wrote in my occupation as accountant. What do you normally put on documents? CPA, Accountant, Auditor?

like

Leaving PA after 3 years. Everything is better but I’m terrified at the same time

likesmart

Tax senior with CPA at small firm. Best way to get to Big 4 audit? (LA or OC) Went to non-target so little to no alumni at B4. I don’t mind the switch to a lower title since audit was always my preference and was never a fan of tax (stayed local for family).

like

Any one uses iPad or iPad Pro for work? Wondering if would be worth while giving canvas now available in iOS. TIA

like

Anybody working at a Big 4 accounting firm in the Bermuda region? Willing to chat
EY PwC KPMG Deloitte

like

About to put in my 2 weeks next Monday, what should I be aware of?

like

Have an opportunity to go to industry in a non tax role (I’m a tax Sr) Is it worth the lateral pay move to get out now or wait a little longer for a tax role with the big bump in pay?

like

I want to get out of IT Audit Advisory. Interested more in project management/business strategy, any recommendations on names of positions I should look for at other big 4 firms?

like

Wiley or Gleim which one is better?

like

Health question: How to deal with chronic back pain? I may have a herniated disc and wondering if surgery is a viable option. I hate being restricted actively and constantly reinjuring myself.

like

Does anyone actually charge actual hours?? The budget is so unrealistic...

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