what engineering or financial degree will guarantee me a job after college?

[CrimsonTider]

I wouldn't say that. After being inspected by the PCOAB, I can tell you that all work matters.

From that standpoint yeah, but it doesn't justify all the long hours for something that amounts to mere documentation. Most work doesn't lead to audit adjustments or even conversations.

Industry work is where you actually get the reward if your work assuring value to the company with less hours put in

 

[How Sway?]

your electives and gen ed classes may transfer but thats it. if you go into engineering i'd start at a junior college and transfer from there

 

[Camile.Bidan]

From that standpoint yeah, but it doesn't justify all the long hours for something that amounts to mere documentation. Most work doesn't lead to audit adjustments or even conversations.

Industry work is where you actually get the reward if your work assuring value to the company with less hours put in

the whole point of documentation is to provide sufficient and appropriate audit evidence to support an audit opinion. The PCOAB takes that very seriously. The inspectors will leave outrageous comments. They will comments about verbiage, and a lack of sufficient documentation. After Seeing an audit get challenged by the regulators, I feel like every little bit counts.

 

[Warren Moon]

If your black I'd do accounting or finance, you will be making 10k more than people with the same grades as you as long as you shake the right hands

 

[CrimsonTider]

the whole point of documentation is to provide sufficient and appropriate audit evidence to support an audit opinion. The PCOAB takes that very seriously. The inspectors will leave outrageous comments. They will comments about verbiage, and a lack of sufficient documentation. After Seeing an audit get challenged by the regulators, I feel like every little bit counts.

I don't need the mission statement for auditors.

I understand the PCAOB

But the audit is not for them it's for the client and most the shyt you do for the client doesn't amount to much in the end other than billable hours

 

[Camile.Bidan]

I don't need the mission statement for auditors.

I understand the PCAOB

But the audit is not for them it's for the client and most the shyt you do for the client doesn't amount to much in the end other than billable hours

I don't see how anyone can be comfortable over an account balance (even cash) without performing the appropriate audit procedures.

People say that journal entry testing is just busy work. World com would have been prevented if someone did journal entry testing.

People say that SOX testing (including walkthroughs) doesn't add value. however, we perform our audits based on the foundation of the audit risk model. We have to be robust in how we support our assessment of control risk. That is the basis for the nature, extent and timing of our testing (at least 50%). After reading some of the workbooks of others, I absolutely understand the critiques coming from the PCOAB.

People in the past had this same attitude-- SOX is boring, SOX doesn't add value, SOX is just a documentation exercise. Plainly, people just don't really understand what they are doing, and they don't seem to get the big picture.

I have never done anything in audit that felt like it was just "busy" work.

That said, I have never worked on a huge team either. Every team I have been on has had a very tight margin and a very apparent and restrictive budget. We had no room to "run-up" billable hours because we wouldn't get paid for it. I am sure partners on huge clients do "run-up" hours.

 

[unit321]

Just sign up for Coast Guard Officer Candidate School.