Serious question here. I’m a second year senior at BDO in a specialty tax service. I have a lot of friends still in public at both big 4 & mid-size(went to a large state school). Every person I know that I talk to is saying their firm is having the same issue as BDO - resource issue in audit worse than EVER. Like seriously concerning how short staffed everyone is. So my question is does anyone still want to do audit? And why is everyone running from it more than ever?

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Generational differences. I’m a millennial (1985) tax director. Even amongst my peers it’s rare that people have stayed at one job their entire career. I identify more with gen X or even boomers in what I personally value in a career. The next generations (younger millennials born in the 90s, and gen Z) are much more focused on personal fulfillment. I’m not saying my way is right or wrong, but will be interesting to see how this plays out for those who job hop and don’t find their “passion”.

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Maybe the better question is why are people staying or going into audit? What does audit have to offer in terms of pay or career that is better than other alternatives?

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I’ve seen a lot move to advisory/consulting positions (strong need for this right now). It seems like industry jobs are offering solid compensation, since the staffing shortage is affecting the industry across the board.

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Staying at the same place too long results in less money in some cases…

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You have a flexible schedule in consulting vs in tax or assurance and maybe advisory

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My cousin was an accounting major because of me, last semester he changed his change to computer science with a minor in data analytics.

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