{ "media_type": "text", "post_content": "What's the point of getting a B4 to do your internal audit? My understanding is it's to save time and therefore money for the external audit, but I imagine it's not cheap to have a B4 do it.", "post_id": "5eaae1aa875287002afb0632", "reply_count": 4, "vote_count": 2, "bowl_id": "599b9d5f9970bf0010772e8d", "bowl_name": "Audit Bowl" }

What's the point of getting a B4 to do your internal audit? My understanding is it's to save time and therefore money for the external audit, but I imagine it's not cheap to have a B4 do it.

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

Was part of advisory group that did this. A lot are not full outsource and actually co-source where the CAE/VP IA is in-house and everyone below them are outsourced. But it's really talent. B4 can hire cheaper college grads, work them harder and the typical IA travel lifestyle fits better for mostly single ppl in 20s. Experienced IA pros cost more and there's a lower supply of them since it's specialized. They also don't typically tolerate lots of OT like PA does.

like

since they are not company employees, can use them on an as needed basis, no payroll taxes - I'm sure there are more reasons...

like

Outsourcing saves money because u dont pay for benefits otherwise u pay for actual employees. So thats payroll tax, health care, 401k match etc. In addition, u would get the required expertise if u go to a public accounting firm to execute your audit plan.

like

I understand process improvement can be part of IA's function, but I don't know how many companies actually do that with the outsourcing.

Related Posts

Do you think a big 4 company would rehire a boomerang who was a “low performer” before leaving the first time?

like

Does anyone work in cloud strategy? I am just about to matriculate out of ccg into cloud strategy group at Deloitte. What sort of work do they actually do? (I’ve seen previous posts but not much detail) Also, do other Big 4, ACN and MBB also have cloud strategy practices? If so, how do they compare?

like

Always thought Internal Audit is monotonous/boring compared to B4/PA and that’s why I haven’t even thought about it as an exit move. What is it really like in internal audit?

like

Opinions on Oliver Wyman and how they compare to MBB, B4, and other T2s? Have the potential to start the recruitment process there relatively easily but curious to hear thoughts of those actually in the industry. Thanks!

like

Anyone here worked from India while being employed in the US at a big 4? I know it’s not allowed in most cases but has anyone done it and what was your experience?

like

Aside from B4, MBB, FAANG what other companies still sponsoring given this environment? Girlfriend is international and has T20 legal/business education, international legal/MBB/VC experience. Cont.

like

How much do partners at big 4 make on average? How bout MBB?

like

Do you think interns at consulting firms, MBB and Big 4, would still have a guaranteed full time offer this summer/fall?

like

Big 4 partner in a developed country or MBB partner in a developing country?

like

Looking to make a switch from Big 4 Audit senior to FDD in NYC (currently undergoing my 4th busy season) - any openings?

like

Received an offer for a BizOps Manager role at Instacart for 108K base + 150RSU over 4 years. Previous big 4 consulting experience & smaller tech startup experience - 4.5YOE total. Current base is higher but lower equity potential. Any Thoughts?

like

Would Publicis Sapient MC practice have exit ops at the same level as Big 4? Or is their brand name closer to Tier 2 strategy consulting firms and MBB?

like

Do b4 Firms pay for LinkedIn fees

funnylike

Anyone go to big 4 post MBA and two years later transfer to mbb? Is it even possible ?

like

Where would be a good fit for me? 720-740 GMAT. 3.9 gpa from nontarget state school. 4 years B4. 2 years in Tax & 2 years M&A Tax. EC: mentored low income kids for 3 years. Started small side resale business that has brought 40k revenue over last 3 years. Also white male & grew up very poor with a single mother. Where would be a good fit if I wanted IB? Could I break M7? Thanks mates

like

What are referral bonuses like at big 4/mbb firms

like

Looking for people who work at Slack who may be able to tell me what the grade level / pay is for “senior value consultant”? Is it equivalent to senior consultant in B4 consulting? Would it be a title demotion for me if I am a manager?

like

At a boutique firm for just over a year, I know this isn’t the best place for my growth, but a promotion is coming. Am I better of sticking around or try to go to MBB or big 4 at an associate level?

What’s the average utilization of a senior associate in M&A tax at a Big 4?

like

This holiday break has made me seriously consider leaving the Big 4 and going to industry. Anyone left Big 4 cyber for industry recently? Any regrets or things you miss? Is the pay better?

like

Additional Posts

like

What’s the housing/condo market like in DC right now? Buyers vs sellers? Looking for something in DC with preference for DuPont/Admo/shaw/mt vernon area and Chevy chase MD if need be. Budget is 900k.

like

If anyone has experience interviewing with Vista Equity Partners please let me know. I would love to DM you. Thank you!

like

Is there a hierarchy between the FAANG companies in terms of pure brand for resume? Or are they all the same?

like

How much comp adjustment should one expect between 2021-2022 for 2022? This is for the Canadian market and for data technology field. If there any resources to look, please feel to point them on here.

like

Just saw a social media post by a CCCO that makes it sound like he’s suffering through this new WFH routine. Jesus. Get some perspective. And what is so tough about WFH? So old fashioned.

like

Best places to learn SQL and/or Python for free? I heard of code academy and started there but once I got a couple lessons in it asked me start a free trial/pay for the pro version. I don’t mind paying to learn either but just wanted know if I’m going pay should I still use code academy or something else?

like

What’s a good way to go about answering “name a recent ad campaign you identify with” and “what’s one brand you would like to work on?” interview questions?

like

So! As many of you begin to prepare for a return to school, I prepare to exit the classroom with Friday being my last teacher workday as I switch careers. I guess I wanted to say that I wish you all well and the best of luck. I hope mental health becomes a focus going forward. I hope that teachers can be at the center of decisions instead of everything always being for the students. Martyrdom should not be expectation and it is my hope that you all get held to reasonable standards. You matter

likeuplifting

How do internal transfers impact promotions? E.g. of you are in a promotion year to manager, how farther back will your promotion be pushed?

like

Hi All, May I know the designations hierarchy in BA continuum?? especially for band 6 (levels before AVP & VP).. Is work from home available before Covid or any plan in future may be?? And if no bonus what will be the average hike percentage every year.. Thanks

like

What methodogies do you actually apply in strategy consulting? I am never at a loss for framing problems and recommendations for client work, but I'm struggling to explain the how and why of the work I've done for interviews.

like

I’m thinking about making a move from NYC to London. How do I meet new people/make friends now that work is mostly WFH? I visited London last fall and fell in love

like

Any success stories of transition from Accenture to MBB? Accenture McKinsey & Company Bain & Company Boston Consulting Group

like

Any body interested in buying Data Science ML Al Big Data Cloud full integrated self learning course from top rated institute ? 2 years access covered everything from basic to advanced. DM for details. Reason for selling- realised Data science too overwhelming for me and going for MBA most probably

like

Will there be permanent work from home in pwc ac for associate 2 , post pandemic as I don't wanna relocate to Bengaluru, can anyone confirm the same ?

like

For those of you in the technical recruiting space, how did you first get started? I've been in HR for nearly 6 years, and recruitment for 3. I've mainly worked in health care and accounting, but have not hired for tech roles before. I would really love to pivot my career toward this type of recruitment. Any advice on how to do so? Job postings for this kind of work are intimidating since everyone seems to want 2-3 yrs of experience already.

like

Advice for student loans? I now have more than I started. Picked up side gigs and cut back spending. I feel like I'll be paying it back my entire life. it makes me sick thinking of what I owe.

like

Do engineers who switch to management start at M1 at FAANG+ companies regardless of engineering experience, or is it based on total experience? Do they only hire either internally engineers switching or only hire external people if they have management experience? What suggestions do you have for people looking to make the switch? I'm not sure how much longer I want to keep coding.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
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

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal