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Looking for a referral to MBB firms - thanks! 🤝
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What bars do men in their 30s frequent?
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Good bar spots around 345 park (KPMG) lol
Does EY pay for the CFE exam and Review course?
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If you were offered an unsolicited job by the controller and CFO, I would take it. Period. That's a great start to a new job, OP.
Don't say jack until you've made a decision to leave the firm
Since when do staff 1s lead engagements? Lol.
I think it depends if this came out of no where or if you were quietly putting this together. If they approached you out of the blue and you decide you're not interested then you need to tell the partner by explaining that you were not looking for opportunities and they presented it to you but you declined as you are happy where you are. If you're going to accept you need to figure that out asap because someone else will likely need to reperform the work you've done since the time they first contacted you. They may be able to get by this if there's been adequate review and supervision but you shouldn't sit on this for too long or you risk burning both bridges.
You are at the staff level. Nothing is required of you except common sense
You might be right OP that you need to bring this up. Obviously check your independence policy first. Also, engagement letters usually have a clause prohibiting clients from recruiting audit team
They gave you an offer without ever interviewing you?
Isn't independence impaired as soon as you consider the offer? Aren't you all taking the CPA exam?
Yes independence is impaired once you are considering.
I'm this moment working on wrapping up their FS and I just got the email. I am considering the offer - it's a good company, great pay and benefits, and extremely short commute. What do I need to tell the partner for independence purposes?
Did they give you a timeline?
Yes, I was offered it without interviewing. I worked on this client for several months and was the in-charge in the engagement. I developed a close relationship with the CFO and controller during this time. They offered me the job and provided a formal offer letter and asked me to consider. I don't want to stab myself in the back of course, but I also want to be ethical and not put myself in a position where I'm going to get in trouble with my firm later if do decline the offer. I've never been in this position before and I am unsure how to proceed.
Regardless you accept the offer or not they would stab u anyways. Partner would hate u for leaving. I think show interest by monday and wait until issuance then break it to partner. There is a clause in engagement letter that client cannot recruit audit team members for next one year. It depends that what are your experience level cpa license etc. for staff acting as a lead but not in position to influence any audit strategy/testing/SD,MW. U should be good.
It's a private client. Who cares. Plus you haven't even been in contact directly with the company or been extended an offer yet.
Well of course it's 'required', but do you really want to stab yourself in the back? When you say 'offered', do you have a written offer? If you report it, you're unlikely to retain an offer. If you don't report it, you could get fired if they find out. Lose-lose if you stay with your current firm.
If you have been offered a position and you will accept it, you should immediately notify your partner. All the work you have performed will likely have to be reformed by someone else and will result in overages for your new employer. So my advice, do it once you are 100% sure.
Timeline: they said if I am interested, they'll wait until we issue for me to accept. Issuance date is end of the month. But they'd like to know by Monday if I'm interested.
You should let the partner know. At least at ey, when independence is done they will ask about offers of employment. I wouldn't want to decline the offer, stay at the firm, and then the partner finds out through inquiry with the client.
You might need to cool off. Don't pull the trigger until you've done due diligence.
For sure, I'm not making a decisions right now... but I still need to tell the partner I was offered the job right?