Is internal audit and fpa considered accounting

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

Not sure what I would consider IA. FP&A is more finance than accounting. FP&A is forward looking, while accounting is not.

like

In my experience, FP&A varies heavily by company and specific role. I've seen a lot of FP&A that is more akin to reporting (what I would consider more of an acct function, even if it's not necessarily reporting gaap metrics) while other roles/companies will set up FP&A to be pure strategic finance

Internal Audit is not considered Accounting. It’s a separate group. Has been known to sit under Finance or even Legal, but is still separate.

like

By definition, internal audit is an accounting function

like

I mean you can do them with a degree in accounting

like

It depends on the nature of internal audit. I've been in a few internal audit roles, some focused on financial internal audit (including SOX), some focused on business process improvement (very consultative in nature), and some focused on IT controls (both SOX ITGC and general IT).

More context is needed for your question.

Generally, accounting experience can qualify you for both IA or FP&A roles.

In this respect, the answer to your question might be "Yes."

In my org FPA gives accounting the story and backup and does all the leg-work, but accounting is working the actual ledger.

Yes, since you can do both with an accounting degree

Both are under the umbrella of accounting

Related Posts

Some good advice from my sponsor as I go into this stressful week:

- Invite your Higher Power into the meetings with you
- Be your authentic self
- Be there to help others

likehelpful

Recruiters, is it a red flag if a potential candidate’s previous job experience is as follows:
Job 1: 1.5 years
Job 2: 2.5 years
Job 3: 2.5 years

like

Hello everyone,

This is Ankit this side. Currently I am working with ICICI Home Finance Co Ltd as an Operations Manager.
As of August 01, 2022, I have put down my Papers and am looking for opportunities in a different industry altogether.
My entire experience has been in Banking Operations field.
Kindly help if any suitable leads come your way.
I'd prefer any role as a Business Analyst/Consultant.

Thank you !!

like

Waiting for an offer from A&M. Someone of you know the percentage of collections you get for Associate role vs Senior Associate role? What is also the % of bonus you get from sales?

like

Is 80k cash + 20k company share a good deal for a junior dev role in the bay area?🙏

like

How is the project for 'Tyson' client?

like
like

Does anyone have opinions on PepsiCo? Interviewing with their growth strategy team who are mostly ex-MBB from top MBA programs. The work seems interesting and up my alley (CPG Strategy) but this bowls obsession w/ tech makes me think I should be focusing my attentions on FAANG

like

Let’s say you’re the main character of some action movie. Think military / Jason Bourne / Ethan Hunt type of guy. You’re only bringing one watch with you on your mission across the world. Streets of Paris, African jungles, Southeast Asia, and wherever else the mission takes you. What watch you wearing?

like

Got rejected from one of my desired tech companies, it's agitating but at least they didn't ghost me.

like

What is the salary range for a Principal Consultant and Senior Principal Consultant at Oracle?

like

Thinking of going on a sabbatical and using the time to dust off resume, get certs and find a new position.Anyone else recommend this? Currently being distracted by billable work that adds 0 to resume

like

Can anyone refer me for open ensemble health jobs?

like

Has anyone transitioned from traditional to a digital role? How did you go about adjusting? I'm in print looking for a new opportunity to expand to digital. I'm not sure where to start.

like

Anyone invested with QQQM or QQQJ? Thinking about splitting a chunk between both.

like

Been working at a startup law firm doing transactional work and recently the partner of another firm doing private defense litigation has attempted to scalp me with a base pay well above my current. Likely going to turn it down seeing as I enjoy the flexibility of where I’m at but any experience with this and how to appropriate handle/leverage this event for a positive result with current employer?

like

No offense 🥲

Post Photo
likefunny

What are some of the best corporate ventures arms?

like

Hello folks, one of my friend looking for a job she is Bsc(computer science) graduate (2020) if guys have any opportunities please let me know.

Starting to think it’s all a scam. Everyone knew tomorrow would be a bad day for the market... and bam... Gilead announces. = rally tomorrow!!! Ride the waves, my friends 🤣 THOUGHTS???

like

Additional Posts in Accounting

I want to break my lease. Do you think it will be hard to find someone to take over the lease with all that is going on?

like

It's refreshing to see RBC's committment to no 2020 layoffs. Anyone know if any other banks are following suit?

like

What do managers and above think about seniors with expensive shoes and handbags? Thinking of investing in a very nice everyday bag.

likefunny

One of my senior managers is a boomerang and told me she was laid off when she was 7 months pregnant about 10 years ago. I think she was a senior or manager. She was in a specific group and everybody was laid off. It wasn’t performance based.

Would you work at your company again if you were laid off?

like

Shot in the dark- has anyone obtained their CFF? How did you study?

like

Thinking joining Deloitte New Jersey office… any thoughts/reviews from anyone that works there on culture/people/workload/etc?? Deloitte

like

DC advice request. Just moved. How's the dating environment here?

like

If I move to industry, how much vacation, sick days, and parental leave as a father should I expect as a senior auditor?

like

Considering a position as accounting manager at a pre IPO biotech (IPO in one year). I would report to the VP.
However, I do have a 1 year old so wlb is a concern. Anyone have experience with this? What were your hours like/what should I expect? TIA!

like

I’m literally so miserable in industry. I have been at it a few years and it’s boring. My boss likes to act like every minor issue is a 10 when it’s a 3 and creates emergencies where there aren’t any.

like

Is it bad to put in two weeks notice next week knowing my last day will be first week of jan and one of the two weeks is within the firm’s holiday break?

like

How long did it take before you learned to just embrace the craziness?

like

When traveling for the week, does EY strongly adhere to the no expensing lunch policy or is more of a keeping the amount per day under a threshold?

like

currently in tax, thinking about trying to switch to advisory. anyone done this and have any advice? would i get a pay cut and/or lose my senior associate title?

like

Would PwC reimburse me if I study for my CFE and it is not required for my current job?

like

If you have 4 days PTO, would you rather use it together in one week or take 1day off for 4 weeks ?

like

Has anyone transitioned from working in a company to being an independent contractor? How long did the transition take and what are the pros or cons from working solo?

like

Hey can anyone shed light on the Technical Accounting Consulting group at RSM compared to Big 4 (EY FAAS) with regards to work life balance / middle market client demands / flexibility?

likehelpful

When is the best time to leave and go to another big4? I am at PwC and I knew the reputation they had and Some people said It may not be for me because of it. Ive been here a year and I feel as there right. My busy season is starting and I want to leave (not just because of my team) but as some of you may know getting along with the people you work with is a big part of wanting to stay at your job. I want to try to quit end of December and hoping to start a new position February.

like

Constantly bugging partner to sign off my CPA experience... what's the point of incentivizing the license to get promoted if I have to keep nagging you to sign off

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