Is it audit a good career reddit A year late with my comment here, but came here to say exactly this. Either you're working for a crap audit team or you're doing your job poorly. You'll still get a nice raise when you exit big4, but it will be hard to exit to a nonIT audit role whereas normal auditors have an Hi All, I was in Big 4 public accounting for a few years, and left for a gig as a senior internal auditor at a publicly traded company. I’d say do what your natural interests align with. Most CFOs started their careers in accounting/audit. You’ll be in office but can usually telework after 1 year. Yes audit work particularly for the big 4 is mundane and often busy and stressful. And, at the end of the day, businesses and PA firms still need a CPA to sign their financials or audit statement. Don’t understand why IT Audit gets a bad rep Financial IT audit is significantly more mundane. I think you’re in a good place so far, and have made great progress for someone who made the switch to IT audit from FS audit! I am also in IT audit, located in a big city in the southeast; got a bachelors degree in information systems management, interned and A good audit is one that's as close to being replicated from the prior year. To be more accurate, IT audit has "narrower" exit opportunities. A tax accountant cannot jump into those roles without some massive learning curves, because they do taxes! What is there to like about audit? I can’t imagine making a career out of it. Yes you can job hop, but I know from experience that doing that can make potential employers a little skittish because of the huge investment required to hire and train people. Also If You have very good skills in financial modelling and if you're in a Top school and good GPA (Target school or semi-target) You could also check high finance roles like investment banking, M&A, but it's very hard to get into those types of jobs, not really an accounting career but more of a financial career It's misleading when people say IT audit has "bad" exit opportunities. I harp on students all the time, going into a trade right out of school is better than going to college when you don't want to, don't have WFH, along with a good old breakdown at the end of busy season from not being able to follow simple direction on repeated assignments. Besides, people would probably assume that a move from M&A -> Audit was a “soft termination” - which it usually is. If you have interest, take the job of statutory audit and try to pivot in finance. I did a year in audit and just interviewed for a CFO position last Depending on firm you may still end up as a chartered accountant in IT audit. It's a lot of paperwork, tbh. The draw back is usually you’ll be working longer hours, the pay is good not great, if you’re in the top 10% of accountants you’ll be making less than the top 10% of other fields however the bottom 90% are generally making more. I received a return offer but after that conversation I wonder if I should renege. Honestly, international tax is the only area of tax I am interested in. There’s a reason good software engineers get paid a lot. The work can sometimes be repetitive and heavily administrative so it's not a good fit for everyone. Other roles you can try are MA programs (Singtel, EDB, MAS, banks) or big 4 but not audit roles (tax, advisory). Are there any roles for government IT audit, I know for many its big 4 for a couple years then, industry. Have some friends there and they seem to like it. many people switch lines of service if they find that their first choice didn't fit them. One thing was after you get the basic knowledge under your belt your career can become more consulting which is what attracts a lot of people away from accounting into finance. Compliance roles at an actual regulator can lead to great jobs at industry. Career wise, it’s best to jump ship every 3 years for something better. It depends. It sucks doing a job you have no care for just for the money and benefits. Audit is skills are good to have and depending on what type of audits you perform the functional knowledge can be helpful, but audit skills are low in the list of experiences needed to run a Anything related to careers in Philippines setting. I've read briefly about it but have some specific questions. Additionally you likely could move into related areas such as If you want to go Big 4 audit then the only requirement is go to a large state school that offers accounting. every industry pays people shit in the start. Before you say “Yes” hear me out real quick because my path is untraditional. These are hot button topics with banks right now (e. As mentioned, you progress up the career ladder until you hit journey level and make step increases automatically. I don’t do any SOX compliance work. To give you perspective on salary progression: A1: $57000 A2: $61500 There's a reason B4 brand all of the groups and don't just say "Financial Audit" or "IT Audit". An auditor/technical accountant who deals very heavily with accounting memos and accounting issues in -depth. Our career page consisted of mainly tax internships and jobs and at career fairs the list/line for tax was always smaller for the big public accounting firms (top 10). Also, outside of some very specific roles as noted below like HFT quant at one of the top firms, their compensation is very competitive. Benefits are great, your job is secure, you get a pension and a TSP match similar to a 401(k), you Which is probably why companies are not willing to pay so much for someone fresh out of audit. Advice and questions welcome. You will have fundamentals, but it is different. My manager is tough, really tough. IT Audit is a very lucrative career Progression: very structured. Of course a little over a year later the full time night auditor was promoted to GSM so I was offered full time night audit. I have been doing GRC for 3 years now and it's a career path that I really enjoy. I've also considered switching to audit, even though I don't find audit more interesting than international tax, I can use it to eventually pivot to more of a financial analyst role which I It’s not the most interesting job, but it’s still going to be a very safe one with decent enough hours and pay/trajectory for the foreseeable future. IT can pay lower than McDonald’s, not all positions pay well. I’ve not done less than 60 hours a week since Christmas - routinely doing 12 hour days. In larger audit departments the various lines of business and risk areas are siloed into different teams. Some audit reports would easily be 3-5x the length of a similar audit done by another person. Are you more methodical and compliance focused? IT Audit. The best way to get into IB is go to a top 25 MBA program. Recently graduated college and got a F500 FP&A internship, learned a lot but was devastated that I did not get a return offer and knowing that Corporate FP&A positions are already difficult to get. Work as closely as you can with governance and compliance teams, internal audit, external audit engagements, and policy. If you’re already an auditor, you shouldn’t be shocked by the other aspects of the job- time management, multiple projects at once, delivering bad news in the form of a tax bill. ETA: you definitely can work as an individual CPA and only take a certain number of clients. One will be able to You’ll have improved career opportunities beyond most other options. Thank you! I have one year experience in Internal audit now. The job can also often be boring and dull,but this it's not a bad thing for some people, so it depends on That said, the usual path is to switch to a client and in Big 4 audit, you typically audit large, publicly-traded firms that are outside of your target universe. The truth is though that it can be a very abrasive career, constantly fighting with both sides (workers and management) to ensure that people and companies are both Hello everyone, I was recently aware of an IT Audit job nearby and i am wondering if its a good starting job for a career in cybersecurity. At the end of the day it’s not a bad career. Being an accountant is more about making sure all records are kept properly. Get some experience and then make sure you find an IT Audit shop with good people - that will make all the difference. The money spent on earning that CPA should make itself back at LEAST once over every year of your career with the increased salaries CPAs command even in the private sector The main issue is most hotels already have a good, committed, long term full time night auditors. Your day to day role is so far removed from any meaningful insight or analysis. I was in public accounting (audit) for 4 years, moved to a financial analyst role for 3 years, and now im in internal audit. I just can't take being in accounting anymore and have applied to tons Yes you have to take care of even half decent night auditor's to ever sleep. Personally I took a pay cut when I left audit, and currently earning about the same as 1st year audit manager. there's certainly some age-ism). Recently i got employed as an IT Auditor. ) You are in some technical role (Sysadmin, Security Analyst/Engineer, etc. I'm pursuing a minor in Accounting work is very different from audit work. Firstly, this is a rewarding career with a good pay potential and a high demand for IT auditing skills. Or check it out in the app stores Thats what I was looking for mainly job security and good pay, but there was a lot of negativity surrounding IT audit. Or check it out in the app stores If you're not in IT but you're considering a career in cybersecurity, whether it's because you're caught up in the buzz or genuinely interested, here's a tip: start your journey in roles like system administration, IT support, helpdesk, or Auditing at a firm is a good start. I'm currently looking for work and would appreciate any tips on applying for employment at the Commission on Audit. You learn obviously a good amount of accounting, but usually, you're looking at issues from a higher-level than you I started in audit now work in IB. I think Audit is pretty good for me personally, lots of things to chase and think about, I double check better as I get more familiar. Career advice I've been very interested in pursuing a career in valuation in the short-mid future. yeah but when you climb up the corporate ladder in big4 , just like every other job, the pay is good. Good luck! But overall, internal audit is niche compared to stat audit. Tax for MAcc. I got to meet everyone during walkthroughs and formed good relationships. A good ERP system/process is a must for manufacturing. Work life balance ofc differs from role to role. But pay is only one factor in the equation. However, it is worth noting that this is also one of the most hectic and challenging professions today. pentest, vulnerability scanning etc) it still works with rules and regulations, password policies etc. Tricky part with utilization, especially for more junior resources, is you don’t always have control over it. Job listing not allowed. I had to cave and take part time audit with three days working 3-11. It’s not a good space for me until I learn to chill more. Since the application process itself is often nothing short of herculean and time-consuming to boot, this place is meant to serve as a talking ground to answer questions, better improve applications, and increase one's chance of being 'Referred'. Audit literally saved thousands of consulting/advisory jobs during the worst part of COVID at each firm. Either can be lucrative. What I'm curious about is how Auditors in IT Audit compare to those in core financial Audit. But, when I couldn’t find a job with that degree, I went back to school for I have been in audit for 5 years and I'm definitely an introvert in most social settings. Depends on the industry and size of the company (and audit dept). It depends on the company of course but in the three years I've been in strategic sourcing, my salary has grown by about 25 percent due to some perfect moments of opportunity that arose for me. Just was on a committee discussing how to attract finance majors. g. I have never read about this comment, but trust me. Get the Reddit app Scan this QR code to download the app now. Really it's what you make it. Reply reply Having spent 3 years working in Big 4 audit, I can personally tell you that's absolutely true - audit is a useless class, or at least, the way I was taught it was useless. I completely agree with everything OP had to say. Or check it out in the app stores   Plus getting some experience points in the SOC world is good for my career. Compliance roles at a private company are the least likely to sky rocket your career, but its good work. Big 4 audit is a good career choice if you want to be an auditor, internal auditor, or work as an accountant at a company in industry. Open comment sort It looks like a good career choice. My background is non-target school with 3. I found IT audit pays more than financial audit but not by a huge margin. A Big 4 role played out far better than my MBA. Subreddit for Indians People with good customer service skills can, when combined with good experience and higher learning, get really far. That'll probably change soon enough, but right now the market has shifted in public's favor in some areas. It can be intense. How does someone go from Auditor to something Like Network Security Specialist or Information Security Analyst etc. (*PS* The audit post was the only one available at the time, hard to find IT jobs where I "Risk Advisory", which is really now split into Technology Risk and Enterprise Risk, is IT audit (external audit SOX and internal audit for IT processes) and Business Process Internal Audit (mainly SOX for financial processes but could be operational or other non Federal employment is great if you're looking for work-life balance. Wells Fargo), so spending time in audit would be a good way to start a career in these areas. But If you are making a career change type of move, dont handcuff yourself with thinking like I can’t waste my accounting degree so an artistic direction is out of the question. I apologize for not stating my question more clearly. I’m planning to accept an offer to work in Big 4 audit in Calgary and get my CPA. My job is a mixture of GRC, project management, and some technical projects. It’s a great path to making solid money that is in very high demand and I expect it to only grow further. WLB, flexibility, sense of purpose, etc. There is always time to come in Internal Audit if you want that, even when you are more senior in another field. IT Audit Career . Bad if you are a top performer who trying to get promoted quickly. People don't like dealing with you and they I know people from audit who have gone onto careers in numerous desirable areas - Law, Corp Fin, Consulting, Private Equity, Government, just to name a few. It's not just SOX that sucks, it's the whole IT Audit process. I find the work tedious and silly. The question I have is: if you know you want to end up working in finance in any capacity, why would you spend the time and money to get a masters in accounting/become CPA eligible just so I started out in audit at Deloitte. However, if you are in a managerial position, the audit background can be a good transition to an equivalent managerial position in IT Security. However, your specific The pay is good for entry level, the people can be fantastic, and events are great, the name recognition is arguably bar-none. I have organizational issues and suck at networking (literally nothing I am into is mainstream, and most would directly question their worldview, so I have nothing to talk to people about) . 1 month later, I landed a F500 Internal Auditor role where I got experience in SOX, reviewing SEC Fil Anyone that did IT audit was able to transition into a cyber security role? I see a lot of hate about IT audit / auditor, SOC reporting, ITGC testing and etc. You will learn everything you need to learn about audit on the job, all you need to do is to get the grades and learn as much as you can about accounting principles from your I liked audit because I learned so many industries from people who actually work there. It’s always better to take up a role that’s not 100% SOX, but also involves some IA/IT controls, Operational controls, ESG project, etc so that you don’t . If they haven’t had a great deal of operational exposure, they’ll likely struggle for the first year. There is a good mix of people who had good experience and lot of people that have the opposite in terms of career growth and stress. You’ve only been in accounting for a year, so it’s not much time wasted on a career you don’t like, and I guarantee you learned things you will take with you. Side-Rant: I'm about Absolutely a good career path. Especially in consulting and can exit to a big company. I agree with the other comment though figure out what you want to do with your life, figure out what you’re good at, and sort of go from there. The key is to find a good company--one you could see yourself working for long term in one or multiple roles. But for me and most other people I know that went that route, it is worth it. Like the staff/SCs aren’t the ones selling the work or determining how many hours per week they’re allowed to bill or if any of it goes towards an internal or BD code vs billable. Be in the meetings when Legal is consulted. IT Audit- Career Path, Promotions, Busy Season Etc. It is not better to be an accountant instead of auditing. Its a very good way to not only pad your resume with a lot of in-demand skills, but also to get a promotion Education isn’t enough to teach you how dumb people are especially when working the Helpdesk. 75 GPA but no internship experience. Get the Reddit app Scan this QR code to download the app now Working in audit does provide you a good career foundation though Reply reply Independent_Job_2244 However as long as you are competent I think audit in big4 is a good place to start because it’s usually a “fun corporate” environment. If you’re on the backend idk, plante Moran I’ve heard decent things about. Good news though, the security audit field is one of the fastest growing and highest paid. Discuss certification, career options and related questions. The salaries and compensation at the banks are low (especially if you're in a non-technical or non-people manager role), there is a lot of red tape and bureaucracy, old/slow But then my brain likes to think about the problem even outside of work, so it’s easy to feel like there is no end to work and you get more burned out. Recently accepted a Big 4 audit position but eventually want to get into finance (banking, PE, venture capital, etc. Either tax or audit will have a good career path. Is this transition possible? Get the Reddit app Scan this QR code to download the app now. but built a whole automated process with VBA and Python that synced our accounting system with WDesk and had a pretty good process The career prospects can be very good, but that depends less on education than it does on experience. Depending how good you are, you’ll move up or get better jobs. New frameworks are adopted all the time and companies are being asked to do more types of audits. It’s not the growth engine of any of the B4, not at In the sense that manufacturing gives a good exposure to operational and commercial functions, yes. Congrats on the new role, Protiviti is a great firm which I really enjoyed speaking with during recruiting. are factors you’ll begin to realize have value too and there’s always a trade off in life. Because every career will still have stressful weeks at least a few times a year. If you truly love audit innovation, then check which B4 is the most dependent on the audit service line. It’s a great career ladder job. I started out in external audit, moved to a private company, and dabbled into part-time teaching before settling in a career in an international organization (technically, this Typically it is pretty chill and you typically have a lot of downtime to do whatever you want in your free time. I've been in internal audit for my entire professional career, and I love it. if you want to stay in internal audit, financial reporting, technical accounting, then sure staying 3-4 years is a good idea because the work experience is transferrable and a lot of the mid manager roles in industry recruit from big4 audit. Thank you for sharing your experience! I relate a lot to what you’re saying about your audit team. I am curious on the career progression and would love to see past experience of people exiting audit and going elsewhere and how it turned out and the different opportunities present. And this ties in to the student propaganda that I discussed before - students are generally told that an audit internship at the Big4 is the golden standard for a college senior to attain and anything else is less desirable. Honestly I feel like each job change has gotten worse. Or check it out in the app stores I have found it easier to advance quickly and take on more responsibilities/learn relevant skills to advance my career while starting out. In my opinion, IT Audit is just super dry. Good to know, generally in the UK the transition from audit to IB (other banking roles) is a very tough one and only for the top performers - broadly they are high performing individuals (from top universities) who go in not knowing much about audit/weren't able to land other roles - interesting that it seems to be slightly more commonplace in I'd say it audit is interesting once you get firm understanding of the ITGC's and build on that further to work on things like cloud or data auditing. An IT auditor's job is to analyse and examine a company's technological infrastructure in order to give assurance that processes and systems work correctly and efficiently, while being secure and compliant with I was in big 4 IT audit for 4-5 years and got my CISA out of it. Or check it out in the app stores   but a Manager from another service line told me I wouldn't be able to "flourish" in forensic accounting compared to audit/tax. IT audit is really Enterprise Governance, Risk and Compliance (GRC) with an Information Systems lens - just that in Big 4 the scope you audit is already cut out thinly for only financial audit relevant systems. The last year’s experience really concerned me about whether to continue in auditing field. just because you choose audit over tax to start your career (or vice-versa) doesn't mean your career is set in stone. Is Big 4 a good place to start a career? What I have learned from B4. To your question: IT audit specifically refers to the audit of IT environments - typically for either a SOX audit (focused on internal controls over financial reporting), or a financial statement audit (focused on the financial statements) when IT use is relevant for financials (but to some, it could also mean being a service auditor for SOC 1 Both got out of audit pretty much as soon as they could, progressing through to various FD type roles in the private sector, various industries including retail as well as finance. I don’t have previous internal audit experience when I took the job last year. It's a big area, the good news is being new, there's a lot of room to grow. ). If you look at mid-size accounting firms you should be able to find 233 votes, 137 comments. true. Internal audit with an IT-focus is better -- but there's not much of a Get the Reddit app Scan this QR code to download the app now. get pretty valuable. Good choice. The hours are unpredictable and not an NA but I cover for the NA sometimes when she's on holiday. ) and your company decides to go after a SOC2 Report and you end up being put on that, and so develop some skills in compliance. You're paid relatively well (e. A common career transition people make is This is especially bad for tax as it seems less students in general are seeking out internships in tax. You can make easy money in any field, it’s all about being good at it. demands respect and has way more authority. Also other than audit is banking a good sector into the future? There is life and career beyond audit, private sector, government, and academe. You rarely work over 40 hours, and I'm pretty sure many people never do. An accounting career can be as well paying as you want it to be. Is internal audit a good career? I am an external auditor, used to be with a Big 4 firm and now with a small-sized firm. If you are good at networking and really well organized then it can be an awesome career path leading you into private consulting and making really good money. 😂 I’m about to start as an IT auditor and I see it as a stepping stone toward pursuing a Good work-life balance comes w a price, typically those ahead of you are pretty comfortable so you may not get opportunities to grow. career growth in nearly any aspect (valuation, technical accounting, L&D, analytics, forensics, financial advisory). I find international tax work really interesting and would enjoy it as a career. View community ranking In the Top 1% of largest communities on Reddit. The biggest advantage of doing audit in Big 4 is you have your pick of almost any corporate IT audit can provide some pretty good experience if you get exposure to non-SOX projects NIST Cybersecurity audits, BCP/DR, incident/problem management, vulnerability management, etc. I am looking for exit opportunities as the low pay and demanding hours doesn’t really make me want to pursue a career down this path. It’s part of a development program so I’ll get exposure to assurance, tax and advisory (supposedly). Keep in mind the CPA program is not limited to just people in public accounting via external audit. Pay: slightly better than audit and way worse than actual consulting. They have good people and you will learn a lot while setting yourself up for a big raise once you leave. The training can last up to 2 years. I got a healthy bump in pay and quickly noticed that the level of competency in internal audit was nowhere near where even the worst performers were in public. Or check it out in the app stores   Career IT auditor here, 10+ years experience starting in B4 and currently a manager at a F500. People don't like dealing with you and they would rather you just leave them alone. Ultimately though if you love what you do you'll never work a day in your life. Good luck with what you choose! View community ranking In the Top 5% of largest communities on Reddit. Different properties might do night audit differently but my property just had me print some reports and press 2 buttons to run audit. FP&A usually has a bunch of management reporting and analysis they need to get done at month end (more quarter-end but monthly too) comparing actuals to budget and forecast, and in a pretty short I would've preferred getting technical experience of a year or 2 before trying out audit. Well worth it, I have a job as a technical writer, pretty good job outlook, and the field is in demand despite recent layoffs. CoSecs do n number of things like advisory, finance, planning, strategy, audit, legal stuff, co-ordination with regulators, etc including compliance and they're Experienced hires are often a mixed bag from small firm people to big4. One of my properties kept this guy with no hospitality skills, but he could do audit and sit there all night. I put much more stock in those opinions than some random BuzzFeed article about AI and accounting lol. Financial/SEC reporting roles/thoughts It's a great way to exit public accounting and some people love it and make a career out of it. Not quite a career change because my first degree (sociology, 2011) had basically no “career” prospects if you define career as having a starting job with a liveable wage. Exclude po muna natin yung kung good working environment man o hindi ang mapuntahang job. These B4 probably tend to innovate more and focus on operational excellence. I’ve really realise the importance of team culture as I’ve progress in my audit career. Audit gives you such firm understanding of how companies make money and It is a great role if you enjoy the work. Leading a small audit or a small section of larger scale compliance audits helps with meeting technical and soft skill development. B4 firms scoop up all the 22 year old recent grads, work them to death, chew them up and spit Idk if this applies to all schools but at mine there were way more tax opportunities than Audit. IT Audit will not train you to be a baseline analyst in IT Security. And its likely to be less late nights. Good people make good money but if you don’t continue to I’m lucky. January-April was provision heavy with extensions and maybe some partnership compliance, summer and fall were quarters plus all the extended work plus any special projects for the year, and then throw in any fiscal year end filers and it fucks it all up. To a prospective employer you are then someone who understands both the financial and IT side of things and Compared to regular audit, the pros are: slightly higher pay (about 10-15% ime), better wlb, faster growth (more and more processes are shifting from manual to automated), CISA is much I’m often asked why I chose a career as an auditor, and the answer is quite simple: the skills you get as an auditor set you up for virtually any career path -- from academia to healthcare to The reality is that transaction advisory recruits a lot of its talent from audit. If it’s a smaller company and thus a small audit dept the audit team will likely audit the entire company. I am currently a Senior Associate in Big 4 audit (coming up to 3 years) and have completed my CA. Lot of good points here. mostly sa reddit. It would most likely require IB experience to get into PE. hi! originally, i was super excited about landing a summer internship at a jpm private bank, but i was discussing it with a few of my classmates and they made wealth management sound like the absolute worst thing i could possibly ever do. It's a good career, but I have seen all the B4 audit tools when we do work paper reviews, they are great tools and are nearly impossible to mess up an audit. I'm involved with so many different aspects of the health system that I work at, it's insane. Internal audit exits to more internal audits or operational roles or Risk Management roles or take an early career jump for forensic audit. What would a typical career path from Big4 audit to IB look like? Any advice is appreciated!! Most working in companies love it as CoSecs in good companies have really high authority and demand respect even from the board members. 5ish GPA, currently a CFA L2 candidate, current job is in Internal Audit at a midsize (10-15 billion in rev) private consumer services company. I am puzzled and confused in this area and cannot find enough information regarding this. Not to mention, depending where you work, you learn a lot. In addition to staying as a RA, there are tons of different internal opportunities. However, when I need to or when I get to know people I become much more outgoing and chatty. From there, you might be asked to do everything from modifying port security to leading a refresh project. I work for a company with a good culture and my role offers a healthy work life balance. For audit, during peak, expect it to go pretty late (can be 12, can be up to 4 on certain days). At the most basic level, men's rights are the legal rights that are granted to men. Some say they love it, others say it’s horrible. It's pretty much the same career path. I'd say the three most common paths are: 1. But for all the reasons you outline, it's not a good thing to stay in. Thing that has the most benefit I believe in a big4 is generally the name. You can take the exam any time, but I'd suggest at least 2 years of audit before you try, unless you just want to try it to see how it goes (and if the cost isn't an issue). from the people i spoke with at my superday, it sounded super interesting and from the research i did, it also sounded like a really good career There are good positions, but that is within every area. You could seriously train a monkey to do the work of a staff - limited brainpower is ever used. But that just might be me. and ironically you work less & have more leeway with deadlines, mistakes etc imo. Though working hours are better than accounting/stat audit. But it is a good start. . You still need to know technical accounting, but it is very different from debits and credits. , I rarely worked more than 40 hrs a week) and the stress level is pretty low too. Volunteer to write policy updates and attend those meetings. I’ve mixed opinions after reading this sub Reddit. I'd say yes you can be a good accountant and not a good auditor. As a population that is disproportionately unemployed or underemployed, it’s good to have options. For someone who hated audit and really wanted to work in FP&A or Financial Analyst type role, I absolutely hate FDD. A good auditor can 100% do those roles with minimal training. Help desk is a good start for pretty much every IT professional so that they can develop their communication skills and apply it to IT. if u can make it to senior manager, director, partner it’s great otherwise best to just leave after you make it to manager imo The term ‘busy season’ is pretty much all year around now. I am a Physical Security Professional, looking to pivot into IT Audit but doesn't have IT experience, any guidance and advice on where to start to land a IT Audit position? comment PE is extremely hard to get into. Worst night. Primarily for accountants and aspiring accountants to learn about and discuss their career choice. They’re essentially completely different fields. That experience still to this day 18 years later often gives me an edge in terms of getting considered for an interview. When a shit job is shit, having a team that is encouraging and supportive goes a long way. I found a job that isn’t financial advisor or a support role at an advisory firm, but, at best, my friends are mostly working in IT Audit if they aren’t in unrelated sales jobs/essentially unemployed. For me it was just as bad or worse than my friends at B4 had, without the brand name and shitty clients. Or check it out in the app stores Resource for CISA and IT audit. I had a former boss who was great to work for and very smart, but she couldn’t pass the CPA exam. The transition from audit to industry is like any other transition. That was my experience too. even for audit, after about 4 years currently. I really wish people would stop comparing the two. I would throw out that if you really wanted to keep a good balance, an IA team at a company would snap you up in a hot No they are not equally paid as engineers. A lot depends on the nature and size of the company and the maturity of the Sox/IA program. But I have over 10+ banking experience. When you're on an audit by a manager who does do the 3-5x audit report length, it is painful. If you’re into IT Audit, you’re in for a good career. "Boring" is in the eye of the beholder--I'm not too interested in auditing financial statements, but I do enjoy auditing functions and organizations within my If I would come back I would start the career in a different field that offers more exit paths, like external audit or Finance. I say this as someone who strongly dislikes Accounting is an excellent way to get a good understanding of business and opens doors into a multitude of careers and will remain as such for a long time. I think you can have a good career whoever you go, but I’d go big 4 and hop down later if The normal answer. In general, Bloomberg is a good place to start or end your career. I know that pretty much only the B4 and the nationals have IT Audit practices. I worked in IT Audit for a few months before switching to Financial Audit. Learn the various risk tracker tools. In audit it is vital to be able to shoot the shit with That’s not to say you can’t be a good accountant without it. Hi everyone, I had a few questions about IT Audit that I couldn't really find in past threads. Be active in your career to make sure you build your skills and expand your interests. Napansin ko medyo mas okay ang career sa IT industry in PH considering Salary, work hours( yes i know lahat mahirap pero iba daw talaga overwork sa accountants) and the enjoyment of the job. All you need to do to see why audit isn’t going anywhere anytime soon is look at 2020. If you’re good at math, do computer science. GRC person here. So, stability. Recent business administration graduate w/ a 3. If you start in audit and decide it isn't for you, you could probably make the switch after 2-3 years in audit. Depending on how many years experience you have, it should be pretty straightforward if you had good grades in UG and can score well on the gmat. I figured I'd pop out of my hole and weigh in a bit given I have an extremely positive experience and have made it to a very lucrative position through the IT Audit career path when it comes to Generally speaking, audit is a fantastic resume builder if you’re looking to stay in accounting/compliance roles, even more so if you’re getting the experience at a big name firm. Thought Big4 audit might be a good way to get my foot in the door and eventually into IB. Unless you leave as audit manager, then maybe they’ll give you more credit for your leadership and project management skills. I was originally in audit and am currently doing big 4 FDD. There’s no one job that will prepare you to run your own business other than a CEO position. That combined with the never ending stream of people vying for a spot to put a name on their resume gives a Is IT audit a good career for someone who is looking to eventually join/found a tech-related startup? Is there the potential to eventually start your own tech-risk consulting firm after a few years in the field? Former IT auditors on Reddit have reported finding roles in tech risk consulting, governance risk and compliance, or IT operations management after a career in audit. Twenty years later, one is currently a CFO for a big law firm, the other a director at a global wealth management firm. Hey everyone, I’m 22 and going into my final year of college at a very non-target school. I can't say I love auditing, but I wonder how different internal audit is and I wonder if it will take me to better places in the future (like higher Manpower crunch in audit anyways, they’ll take in most people tbh. almost getting the shit rocked out of me because I had to kick people out for Since audit is more of an art and for the most part no one is technically wrong, you have such extremes of the level of detail and depth of an audit. Thank you! Share Sort by: Best. View community ranking In the Top 20% of largest communities on Reddit. just to name a few if you are ambitious, sufficiently talented and possess a good work ethic, either path can lead you to success. The typical career path I’ve seen: IT Audit, then mid-level compliance analyst, then a transition into either maintaining GRC systems or actually doing the risk/compliance work. It's all about marketing to naïve college kids who think "IT Controls Consultant" is something different than "IT Audit Staff". It depends on where you are in your career, and where you want to end up in Cybersecurity / IT Security. While it might not really have extended practical methodologies (e. Generally speaking people in a tax love the work or fell into it. Multiple of my team's audit findings have resulted in huge improvements in the business commercially adding value. This is a good time to go into the trades. , I made more as a senior IT auditor than accounting managers in my company), the hours are generally good (e. It depends on your preference. However, any issue that pertains to men's relationship to society is also a topic suitable for this subreddit. It feels like most successful people have moved away it really depends what you want to do in industry. As with many other career paths, the stronger the tools get, the larger the gap between the This subreddit is for all those interested in working for the United States federal government. I always think that the best way to learn audit is just by working in audit rather than learning it in a classroom environment. Are you not going to a top 25 university Then it is good. The process of auditing is too formal and the end results are generally useless and require way too much formal writing of bullshit. Audit is about checking if records are kept properly. I still attend firm events but im Would you recommend accounting as a career in 2024? Do you think college students should pursue a major in accounting? Also good to know that people who are actually working in accounting aren't worried about AI. My friends who studied accounting are in tax, audit, it audit, and a lot of them are financial analysts. You have to be good at time management as well because there's a list of things that need to be done before you run the audit (any time between 12:30 and 3AM on average). It can be a good career, because there are different types of accounting jobs depending on individual strengths, weaknesses, preferences, and interests. I had an accounting degree and transition into IT audit after graduation. It’s up to you - it’s a good place to work for your ICAEW (as it’s a free qualification) but it comes with a price. Good if you are an average performer cuz you know exactly where you will be every step of the way. Your life will be much easier in audit when you have innovative audit tools and Last thing, you'll need to have 5 years of IT Audit experience to apply for CISA, whether from work alone or with a waiver from your degree (if it applies). The story of a good tax accountant. You can show progression by conducting walkthroughs and sample testing on more complex audit sections over time. Only caveat I think, is it's easier earlier in your career for sure, I think it can get harder 4+ years in (into a big 4 career), unless you take a massive step down (and tbh, most in Consulting would prefer a less experienced and younger cadidate, they are generally perceived as more teachable and maleable. Ask your average audit client what internal auditors are and they will tell you the same thing, police officers None of my stakeholders would say that. lwimvo fwtd jgg nlsw hxxd giykm laqnfp flpqs yqervdyc fpfdujk