Is consulting or audit better?

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Is consulting or audit better?

Consultants have it better than auditors in terms of management learning. Entry-level auditors typically work on their own and climb up the ladder to take charge of more challenging projects involving more people.

Should I move from audit to consulting?

Starts here12:59Switching From AUDIT TO CONSULTING At A Big 4 FirmYouTubeStart of suggested clipEnd of suggested clip59 second suggested clipIf you’re looking to transition into strategy consulting outside of the big four firm then an mbaMoreIf you’re looking to transition into strategy consulting outside of the big four firm then an mba might honestly be your best way to be the most successful candidate but going back to our networking.

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Which Big 4 is the best for audit?

PwC is the largest by revenue and the most prestigious of the Big Four with a strong and established audit client base. Deloitte is just a fraction smaller than PwC. It gets significantly less of its revenue from audit services and more from consulting.

What goes wrong when accounting firms become consultants?

The shift toward consulting can lead to conflicts of interest which could cause the firms to go soft on holding their audit clients to account. Critics fear the emphasis on consulting may mean the firms aren’t paying as much attention to their core auditing business, which could hurt the quality of audits.

Does McKinsey do auditing?

The Top 3 focus on strategy while the Big 4 do implementation. The Top 3 firms do not offer audit, assurance, tax and other similar accounting services to clients, which is the majority of the type of work done by the Big 4. Most of the Big 4’s consulting work is concentrated in their ‘Advisory’ practice.

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Can audit firms truly be independent consultants?

Ultimately, as long as audit appointments and fees are determined by the company being audited, the auditor can never truly be economically independent of the client.

Can you make it to the Big 4 as a banker?

I’m sure they will understand. In addition to the advisory group, most big 4 have a completely separate group that is itself a Middle Market Investment Bank. If you can get into this group you technically “made it” to banking because these groups do a lot of actual deals for the middle market area.

How do I go straight from audit to investment bank?

Straight to an Investment Bank. Going straight from audit to an Investment Bank will be largely dependent on one’s own networking success. Exhaust all options available, be very personable and get your face out there. Start immediately and don’t disregard those who you don’t think can help you.

What is the best way to get into the Big 4?

It’s targeted towards networking into Big 4 but the advice is still applicable. The most likely target will be the small boutique or middle market investment banks, however there are a few examples of people who went straight to a bulge bracket.

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What are the best exit opportunities in auditing?

According to user 808, the typical exit opportunities in auditing are: Accounting manager (manager of financial reporting, internal audit manager, etc.) Controller/Accounting director (director of financial reporting, director of internal audit, etc.) Advisory usually gives you a little more diversity in your possible career.