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Wouldn't the audit quality suffer for engagements that pay less? Since the public job gets paid more, the top Associates/managers would flock there leaving the private jobs for the mid/low staff. That'll have an impact on the Audit quality of the engagement, i assume
Typically, you have to do more detail testing on private engagements (or any engagement) when you don't take a control reliance approach.... so no...
Typical pubco auditor who thinks he/she's a big deal because of the client he/she works on 🙄
Not at all. I’ve primarily been on private clients but currently on a public job and it makes me question my career choice
Disagree personally. I've worked on both and both have pros/cons. And in my office at least, you're usually consistently on both
I was in Private and my team was working way harder than others in public. Of course we were very specialized and had a specific type of private clients but still if this was ever implemented it should be on a case by case basis or not implemented at all
My thought is if you have an opinion you should say why
In my experience, public engagements generally have longer hours, higher fees, and are more important to the firm/industry
The risk is with the partners signing those public jobs. I’m pretty sure they get paid more.
Disagree. I’ve seen all types suck. Also you would have some morale issues with that I think.
How would you track this? If someone spent one week on a public company would that count?
Private Client Services is paid less than, Public, and specialists make more than Public....I've known multiple people who took pay cuts in the transfer (stayed the same level)
No way. Atleast public jobs have actual competent staff, at that point it's a tik and tie, a lot of non public is problem solving with incompetent clients.
You know that a lot of times, associates and even seniors don’t have much say on the engagements they’re on. That would be bullshit