Is it true PwC is doing layoffs in the audit practice in New York??

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

You've had shitty reviews and Have possibly been put in a performance improvement plan. What was your rating at the most recent round tables?

like

#1 You are a resource to the firm and mean nothing, so understand that. If you stick it out until senior above your opinion may actually matter.
#2 Once you start on the road diverging from audit projects, youre headed downhill. You were hired as an audit associate, not a risk assurance associate. Don't waste a busy season.
#3 Kissing a** in audit is the way to get booked on jobs unfortunately in this practice so if you're not an a** kisser youre in the wrong industry cause youll get thrown on any project.

like
Recent IconRecent

Does that mean me low performer

I'm

You definitely need to be on audit clients though and this second year is critical as you learn a lot during this year. So if PwC won't put you on audit clients then find a firm that will. I imagine PwC will work with you though. It's expensive to hire employees and they put a lot of time and money into new hires. With all the trainings they've invested over $200K in you easy. They're not in the business of losing employees after 1 year. Stay calm, talk to HR. Be assertive about your goals. I think things will work out.

Yeah I understand what you mean I honestly feel totally lost now and overwhelmed after reading all this. I feel like I missed out on a lot already that's what most concerned about but I will take ur advice to heart

Don't feel overwhelmed. Take a deep breath and express your concerns to HR on Monday. Start reaching out to the other firms. Be proactive about it and things will work out.

^HR does all the staffing....

Lol @ senior 1 telling op to go to ey or deloitte but not kpmg. Let me guess, we're back in college where we do a d!ck measuring contest to see which firm is the coolest 😏

^No, it's just common knowledge that KPMG is the shittiest of the B4. The only people who don't think that are working for KPMG...

^as said from someone whose not B4. How would you know what things are like at B4 if you don't work for B4?

Trust me in this one. KPMG is clearly #4 in audit. They've got other divisions that are good (very good TS practice), but they lag in audit behind the others. I know what I'm talking about.

^work done for other divisions definitely won't be looked at in CRT. The firm always says this but it's just not true. Preference is given to employees that work within the market team. The managers you work for on out of town assignments won't be there to have their voice heard. This is just spin HR gives so people don't bitch about taking assignments outside their market team.

^obviously the managers/senior managers have to accept the person, but they don't drive the process. HR will look at scheduling, see whose available, and then ask the manager/SM on whether they want the available employee or not.

Either way it doesn't matter if this person speaks with their coach or HR. Point is they need to be proactive and speak with someone instead of just floating along and accepting engagements outside of audit. I agree that a coach/partner would be a good contact point as well.

Senior 1 you are naive. That's not how it works. If the person is on the availability list I don't want them.

Why wouldn't u want them ?

Bc I don't know who they are. Networking is huge. If I know your name I may pick you up if there's a need. You can start cold emailing the senior managers on large jobs (have an elevator speech in your email - went to X school, finished my cpa, interested in your industry) and see if that might get your name out there. I am always skeptical of anyone that HR tries to sell me but if you reached out to me I may be willing to consider.

I think you proved my point SM. You won't take staff you don't know. Therefore, being unassigned and staffed on RA projects is detrimental to this persons career. They need to get on audit projects within their market team. To do that they need to speak with someone (coach/partner/etc...). If they can't get on audit projects at PwC then they need to change to a firm where they can get staffed.

Senior 1 agree 100 % unless the RA project is internal controls in which case I'd argue that is fine because they'd get better at that than their peers and can make up the rest

good point. If it's just testing internal controls for IA then they wouldn't get behind in the learning curve.

Yea I mean the OP would be light on substantive testing but you could make it up later on. No different than getting stuck on controls on a big audit. OP - what is the risk assurance work you're doing??

Related Posts

Job offers. Got an offer from Parker hannifin within 2 weeks of application. Still going through interview process with Rockwell automation, 3 interviews and over a month. Operation manager said I will be hearing from Hr soon on next steps. Leverage offer with Parker or take the job?

likehelpful

Hello guys ,

Need suggestion, which is better in terms of career growth , job security, technical growth,WLB for a 4 years experienced Salesforce developer.

1.Zscalar
2.Iqvia

TIA

like

Looking for a salary range for an Investment Professional at JP Morgan?

likesmart

Hi everyone,

Got an offer from

Infor
Thomson Reuters
Telstra
FICO
Bayer with almost same package.

Please help me which is the good company to join.

Thanks in advance.

like

How much is the notice period in KPMG india?

I am a senior consultant, 5 years experience, CIO advisory. How much salary should I expect for a senior consultant role @ Deloitte France.
What other firms do you recommend for CIO Advisory?

Hey IBMers/ex-IBMers,

What is the designation hierarchy in IBM GBS for someone joining as "Advisory Technical Services Specialist" at "7A" band?

Like I would like to know what will be the next designation/band once for me if I get promoted?

YOE: 6 yrs.
Tech Stack: Testing

Thank you in advance!

Hi folks, I have an offer from Persistent for Java developer and they're offering me 7.5 LPA for Senior Software Engineer role.. Is this the right scale in Persistent ?
My experience is 3 years

like

Hi all.

I'm having more than 12 yrs of experience and current ctc is 11.20 excluding night shift and variables. I've given interview in bny got shortlisted and submitted the documents. Initially interview was for I grade in fund accounting. After documentation hr said they r hiring me for h grade I get ready for that too with offer of 12 lakh. But all of sudden hr is saying she is not confirm whether I'll get offer or not. They are bluffing all around to giving my offer. What should I do now

How is PwC AC Data Analytics wing @Bangalore in terms of growth, projects, learning and wlb. Anyone ? TIA

like
like

Anyone familiar with Amazon's Solution Architecture team. Sounds like pre-sales /architecture type work. inputs on work, culture, pay, etc. appreciated

I got a mail from Infosys requesting to complete a form. Will they schedule interview? Or is it just a formality?

like

Can Deloitters being laid off file for stuff like unemployment & Obamacare during their new job search?

like

Hi Team,

Need your suggestions on Fractal VS UBS.
I am a Sr Big Data Engineer in
Barclays. Recently i got an offer from UBS for Big Data Engineer and got one more offer for same package from Fractal Analytics for the same kind of profile.
Could you please help me to decide that what should the best option for my carrer as a Big Data Engineer.
YOE: 5+

like

Got verbal offer from Qualcomm on 16th sep but haven't receive any formal offer yet, hr is not responding . Is the delay normal?

like

How is EY’s SAP practice? Overall, so they focus more on new implementations (S/4) or auditing existing ones? How is the overall company focus on growing the SAP practice?

Is 13LPA fixed at EY GDS Consulting justified for 5 yoe and designation as Senior Consultant 1?

like

How is CSG bangalore as a company to work. If somebody has insights on their products and the WFH as they mentioned?

like

More Posts

Folks - What would an Audit senior manager in US migrating to Canada can expect as compensation from a big 4?

like

Full stack developer required for freelancing..if interested DM me.

Hello, I was in a verbally abusive college relationship and struggled with mental health. Therefore, my gpa suffered greatly (2.9). However, I now have a good job and am doing very well. Should I explain the reason for my low GPA in my MBA app? I’m applying to LBS, Booth, Stanford, UCLA, UCB etc.

like

How is WLB at Citius tech ? Are we pushed to work over time ?

like

Hi fishes,
I need your valuable suggestions from your rich experience

I am going switch my tech into Java development. I am having around 2 yrs of experience in Database.

What are the skills you expect from 2 yoe java developer, which skills I should focus more so transition won't seem too hard.

Note: I am going to join as experienced guy only

please give me your suggestion. It will help me a lot to work and gain those skills now only before switching.

Thanks a lot.

like

What are Fdd Director salaries at KPMG?

like

what % raise do i ask for...

Need some feedback! So I was forced to move jobs about 6 months ago due to reorg and the new leader opting to bring their existing EA with them, without even meeting me. If stayed at the company but accepted an offer for a job outside of the department I was in. I’ve now been asked by a manager from my old department to apply for a job they’re opening that would be a 2 step promotion. She thought she got my managers permission to approach me (see comments)

like

What is the expected date for Promotion news in GDS Knowledge?

like

Larsen & Toubro Infotech Is the lti Noida location up? Any idea anyoneLarsen & Toubro Infotech

like

2H 2022 - Production Release Upgrade Commences!!
#SAP #SuccessFactors #HXM #ReleaseUpgrade

Post Photo

I’m a graphic designer interviewing with a company. Is it normal to ask a potential candidate to redesign a 10 page brochure for their interview test? If not, any suggestions on how to proceed?

like

Interviewer asked what my current salary / bonus is and I told them.

I got the offer and it’s exactly the same base/bonus as my current role. (Though they’ll also give me so stock options in the private company).

Can you share what is reasonable % increase to get for salary / bonus when switching jobs? I know the team really likes me.

funnylike

Hi

Is anyone able to access prudent mediassist portal to submit claim after new entollment ?

like

Does Microsoft gives phone bill and internet reimbursements?
Microsoft

I love what I did in physiotherapy but two years into the career im struggling to see progression or long term future satisfaction. What have people shifted to from this career?

like

Any thought in working 3x12s a week vs a typical 5x8 or 4x10? I am working 3x12 and have to work some weekends and I am not sure if I like it. I am 25yrs lmk maybe I am just young? Thoughts?

like

Additional Posts in Accounting

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

Leaving PA for my dream school next year for a career pivot. However still have awhile before I can leave (there’s no reason to forgo a paycheck for even longer than I already have to…). I have no idea how I’ll make it through busy season without quitting on the spot 😩

like

What is a decent offer, I.e raise, bonus, to go to another big 4? From assurance to advisory

like

You know it's bad when you start having dreams of yourself preparing tax returns! #WorkInYourDreams

like

That's when they smile in my face.Yeah I know they wanna take my place. I can tell the love is fake. I don't trust a word you say. I can't look you in the face cause it's not the same. #Leaving #Drake

like

Have work and trainings to do and can’t bring myself to do anything. I’m so burnt out I really can’t do this anymore

like

How do I get Spotify to work in the EY office?

like

Is the CPA designation worth it? For me it would take me 1 year of PREP courses and 2 years of PEP until i can write the CFE. And I am 27 years old right now. Also wondering if it would be crazy to pursue the CPA while learning how to code to be a developer as well?

like

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

like

Polling the group: Stay for one more year at Big 4 firm as a manager and get possibly get promoted next year - or take senior manager job now at a boutique firm? Offering same pay but better hours.

like

Highest number of billable hours you have seen in a year?

like

I’m in real estate tax group and looking for good books about RE fund/investments/accounting during non busy season. Any recommendations? Thanks!

Is it possible to work at Deloitte & still have a life at the same time *sighs*

like

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

like

Raises are between 7 and 15%. For just about everyone at every level at every company, depending on performance of you and your service line. You can all shut the hell up now.

like

Anyone take this mandatory tax E&P training? Dying

like

If I pay for Becker now out of pocket with I get reimbursed at any PA firm I start at? Sucks not having an FT offer lined up.

like

is it possible that an l3 wont get promoted to a senior after their first year as l3

like

Ok maybe this is dumb, But I feel misinformed. I want a low stress, high paying, >50 hours a week job. What job can I do?? I thought accounting. Boy was I wrong on all 3 fronts lol

funnylikesmart

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

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