JUNIOR AUDITOR DAY-TO-DAY / what auditors *actually* do & graduate advice (EY, KPMG, PwC, Deloitte)
ฝัง
- เผยแพร่เมื่อ 6 มิ.ย. 2024
- In this video I talk about the day-to-day activities of a junior or graduate auditor, and generally what kind of work you would do in your first 1-3 years on the job. There's a mixed bag of advice and description of work in this video, and would be particularly useful if you're curious about the job having already got a role or want some background information for an interview - you could base a lot of questions or conversation in the interview about your potential role!
Part 2 now up: • JUNIOR V SENIOR AUDITO...
00:00 - 00:46 Intro
00:46 - 4:31 Overview of the job
4:35 - 5:52 Busy season
5:52- 7:56 Talking to the client
7:56 - 9:57 Technical advice
As always, any questions let me know!! Thanks for watching & supporting my channel, LY LOTZ xoxoxo
I've made my competency bible/interview prep available here (I will update as and when!): docs.google.com/document/d/1o...
〰️ r e c e n t v i d s 〰️
How to create your own morning routine! • Stick To Your Morning ...
My Notion set-up: • How I Plan & Organise ...
What does a Junior Auditor ACTUALLY do? • JUNIOR AUDITOR DAY-TO-...
〰️c a r e e r t i p s 〰️
What does a Junior Auditor ACTUALLY do? • JUNIOR AUDITOR DAY-TO-...
Tips for your corporate job: • Tips For Your First Ev...
Big 4 recruitment: • Big 4 Recruitment & Ap...
Junior auditors day-to-day: • JUNIOR AUDITOR DAY-TO-...
〰️ s a v e d o l l a 〰️
Avoid these MONEY MISTAKES if you're a STUDENT: • Graduate Explains: The...
Pay yourself first: • Do This And You’ll Aut...
Frugal living tips: • 6 Best Beginner Friend...
Things to stop buying to live better and save money: • 15 Things I Would Neve...
〰️ p l a y l i s t s 〰️
Career playlist: • Big 4 Recruitment & Ap...
Personal finance playlist: • 6 Best Beginner Friend...
Fashion playlist: • Designer eBay Haul (Ma...
〰️ d e v o n t h e w e b 〰️
🌞 instagram: devamsha
🌞 blog: www.devamsha.com
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Music credz:
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🙎🏾♀️ a b o u t m e
I'm Devamsha and I'm currently a Big 4 grad working in Scotland, UK. I hope to help people find their way through post-grad life by sharing my own experiences navigating this world through career advice, self-development, personal finance and lifestyle videos. I try not to take life too seriously but i also take life way too seriously. Thanks for watching!!
#Big4 #FirstJob #Audit - แนวปฏิบัติและการใช้ชีวิต
PART 2 NOW UP: th-cam.com/video/arnFL_yxo1c/w-d-xo.html Thank you guys for watching & really glad this video is helpful!
You are hot
My dad is an ey owner
Hey, Devamsha! I’m Alma, a student received the offer of PwC this year. I watched most of ur videos about audit in big four, and thought these are really helpful to know more about this job, and lower my anxiety before starting this career, especially this video.
But I am in China and most of us do not use TH-cam, and some are not good at English. So I am wondering if I could translate this video into Chinese and upload it in one of our most popular video websites called bilibili? I believe it will help lots of people like me.
I will put the original link of your video if I could get the permission. Thank you so much for all of your inspiring videos!
What auditors do:
1. Research an audit.
2. Test the transactions, programs, etc for the audit.
3. Create and update workpapers.
4. Draft a report
5. Management take the report, say your testing sucks and write what they want in the report.
6. Repeat.
State your Audit Opinion
do you have to be good with deprecriation and other cost accounting concepts?
@@woahdereboiiii If you intend to test them properly - you need to understand these concepts well, although not necessarily as in-depth as the person preparing notes for years (whose work you are testing). There is much more higher focus on auditing skills though and these would be: professional scepticism, ability to understand accounting concepts applied by audited entities in relatively short time (each client may have their own nuances) and ability to face clients.
I actually have worked at big 4 for 5 years and am still wondering what I do.
Funny comment. I tried auditing, but was not worth a hoot at it, the same for taxes. They canned me.
lol
Lol
Hahahhaha yes i can relate
😂😂😂😂😂
1.Ask questions
2.write down everything
3.excel learn -VL,Concat,SubT,Pivot,Filter and Manipulate data, Financial formula
Thank you much for the advice! It is always helpful to be educated in detail on matters of interest, and your video did exactly that!
Thank you so much for this useful video. I'm in the application process at some accounting firms and I have watched many videos of yours, from which I've learned a lot!
It was a wonderful explanation of responsibilities of the junior auditor. Really appreciate it and learnt a lot from this video. Thankyou!
I should've watched this before my audit internship, could've helped a lot. Talking about the question instead of trying to solve yourself and eventually being in a rabbit hole was very true in my experience and could've wished more would be auditors learn about this.
Thank you for sharing your thoughts, experiences, and advice. Truly helpful
As a first year auditor, I totally agree with all the points you made. Really great video!
"talking a problem out is so much easier than getting stuck in a rabbit hole of trying to solve it yourself" 🙌🏼
best and most honest video I have seen on the topic so far, very nice
Super insightful video. Currently prepping for interviews so this has been immensely helpful. Thank you!
Thank you, the in depth info helps to cool the anxiety of not knowing the job, especially if you've never worked. You've beautiful eyebrows by the way, natural.
Thank you Devamsha! I really enjoy watching this video. Being a person who’s just preparing KPMG audit interviews, the detailed experience and tips are really valuable that I’ve never get the chance to learned them from any campus networking events. I am actually pretty excited to have the interviews!!! Appreciated and subscribed!!!!
What is the qualification to attend the interview
I can already tell you’re going to make a great senior!
this is SO kind of you to say, thank you so much!
Hi! Just want to say thank you here! I'm preparing my final interview recently and this video helps a lot! :)
Thank you so much for this video. I Just started at a Big 4 firm and these tips are so helpful!
you're sooo welcome i'm glad you enjoyed it! hope work is fun!
This is so helpful! I’m looking at audit apprenticeships at the moment, so thank you for the info :)
No problem! If you have any q’s let me know
@@Devamsha my only question is how did you do your makeup? It looks good in this vid! Keep up the great content btw ! ❤️
Omg you’re too kind 🥺 thank you!! Ngl I can’t even remember how to do makeup properly anymore lol I just remove any trace of tiredness 👀
@@Devamsha omg I feel that 😭😭 literally did that today! Also, I want to say a massive thank you!!! Your video helped me figure out what auditing was and I just recently got accepted into the second stage of an audit apprenticeship application! Thank you so much for this video, you’re a godsend honestly ❤️❤️❤️
Aziza P omg CONGRATS!!!! Good luck with the whole app I am soooo happy I was able to help in a little way 🥰
You are too good. I wish having a junior lik you in my team! Usefull video!
So informative! Never heard someone talk about the day to day of audit with so much detail in YT video. Really useful for someone like me applying for positions at the mo.
Really glad it was helpful for you!
Please help me, in big 4 everytime the work is 12-14hrs?. Because i have very good offers in other company ...so asked
@@Devamsha Your the only one I know who gives this much detail as other youtubers are clickbaiters with zero info. Thanks
Starting as an audit trainee soon! Have a little bit of idea as I interned in Audit in 2019 but this is very insightful. Thank you for sharing ♥️
so glad you enjoyed it and good luck for when you start!!
How did it go I am starting in September and would love to know more detail about what you do day to day
I just accepted a full-time position for staff 1 auditor. Your insights are super helpful!! Thank you 🙏🏼
Omg congrats and best of luck! Thanks for watching!
Hi! i was watching this video im from Mexico, but i have the question of how much does a auditor get paid? in the united states. You don't have to give me the exact amount a range is perfectly fine
This is the best video I ever saw with very detail on audit day-to-day job, I write them down. Hope I will work as a junior auditor ASAP! and a happy new year wish to Dwvamsha!
I got my offer as staff auditor! Thank you DEVAMSHA!
Thank you so much, in a world where they refuse to even educate on what you will be doing on the field I feel relieved that I at least know what I am working towards
Glad I could help a little bit 🥰
Right! A lot of content you tubers don’t actually tell ppl what kind of work they actually do
Wished I had this when I was working in an audit firm many moons ago. Great video and initiative!
Thanks so much for leaving this comment!
Your video is very practical, helpful with real concrete tips. Thank you so much! God bless
Really glad you found it useful 😃
Hey! oh my god! I'm so thankful for this video. It was very informative. Subscribed xx
Thanku for subscribing! Glad I was able to help :)
U must be an amazing junior auditor coz i think i only grasped these insights towards the end of my third year in my audit career.
I am definitely not amazing but I’m definitely framing this comment 😂😂 thank you!
Just subscribed! online learning is not the best at the moment, and this keeps me motivated to push through
Heheeee thank you!! Oh 100% agreed, online learning is so isolating :( glad I can help in any lil way
Very helpful video. Thankyou for doing this.
Could you please post more videos regarding real-time working, meeting clients, managing multiple tasks, team management, attitude at work, anything else that you are inspired to speak on.
Thank you in advance
No problem I'm really glad you found it useful! That's a really important range of topics I'm hoping to speak on - thanks have added it to my list :)
Just got out of public and couldn’t be more happy. Not worth staying long-term unless you can handle high stress well and actually like the subject matter of your job responsibilities. Nice video outlining what to expect though!
I agree with your point that if you don’t enjoy it, you won’t be happy - but that applies to literally anything in life 😂 thanks for watching!
Greatful to hear what's coming ahead
Love the in-depth description of day-to-day tasks and responsibilities, especially as I am a graduate who is looking to get into auditing, so these videos are super helpful for insight and interview prep! I just have two questions: Firstly, how do you ensure/know that you have all the details necessary from the client and that it agrees with what actually happened? (e.g. In case any errors occurred at their end) Secondly, when do you work individually and when do you collaborate with others or as a team?
really glad this video was useful for you! in response to your questions, you just have to be super clear when you request things from the client. there are usually a number of procedures to check their work is free from error. however you get better at asking with the job :) and to be honest collaboration is a constant thing! you're always going to be part of a team, you might have individual areas like cash or accounts receivable, but the whole team is working together on the whole audit. when you're stuck, you can reach out and vice versa!
thank you!!!! I'm a recent graduate starting my audit position tomorrow
Come to think of it, all the things you've said in this video are 100% accurate. Being a Junior myself, I was curious about the similarities between audit firms. Thanks for sharing :)
Thank you for watching 😄
Thank you! Subscribed. I hope I can understand what you covered in this video soon. I am taking audit class this semester, and it is sooo hard. Too much reading. I just want to sit there quietly and do my job. I guess I need to force myself a lot if I want to be a CPA...
Thanks for this I found this really useful ❗️
I think asking questions to the client must have been one of the most nerve-wracking thing when I intenterened at a mid sized firm. It was very hard especially when the senior would mention they didn't want to be interrupted. So it was hard to ask questions!
omg same. i think this was one thing i was so scared about despite working multiple sales jobs during uni! over time i've noticed i'm much more confident when i know exactly what i wanna talk to them about
@@Devamsha May I ask if what are the means of communication you did with the clients or do have to go to their business locations for the engagement or when you would have something to ask?
Thank you very much for this information. I’ll hopefully be starting my job an Audit Associate, Federal Practice in August.
Good luck for august 💌
thankss youu bestie!! i have an intership at EY and this helped meeeeee tqm.
You’re such an auditor- you had a lead schedule and cross ref to the different part of your video 😂
OMG 🤣🤣🤣 I didn’t even notice lmao
HAHAHAHAHA
🤣🤣🤣
Pretty sure she lives in nevada
if I had youtube content like this 2003-2010 god knows how far id be by now deep sigh
Thank you for this! You just earned a new subscriber! :))
You’re gorgeous 🥰 I’m an accounting major, just applied for grad school!
omigosh thank you!! eee that's so exciting, hope it goes well :-)
How are you a junior? Never did i have a junior who understood an audit as well as you in my time at big 4. Great video for new big4 joiners!
Thank you for this 🙌🏽
I usually don't comment, but the video was so helpful! thank you a lot ! 😁
Thanks for your comment I’m glad it was helpful 🙌🏽
Thank you so much, from Thailand 💖 It’s very useful !
Thank you for imformation!!!!! And I like your shirt!!!
Heheheeee thanku!!! Glad you enjoyed the vid
oh my god this is so reassuring for me thank you
Thank you for this video!! was really helpful!!
Glad it was helpful!
Excellent video Devamsha, it was really helpful.
I just finished my bachelor degree in financial administration (actually i'm in the process of obtaining my degree) and i'm trying to applying for a job as an financial analyst. 😬😬😬
Glad I was able to help and good luck with your job search!! Sure you’ll smash it
I am from India.. working in one of the big 4..can totally relate to this! Great 👍
Glad you enjoyed it!!
Do a video on excel tips!
thank you this video its really help me to enderstand lots of important things 💖💖 thank you again
Thank you for that line - have some time for your hobbies to keep hold of your sanity
laptop has to close at some point!
Thank you for this! I start big 4 in January and I am extremely nervous and i have anxiety that has been taking over during preparation.
Im finishing my Bsc and my goal is to get in a big 4.Any tips on how to get in?Did you have any relevant experience?
Congrats on the job! I have a video coming on this, but short version of it - there’s no preparation needed. The hard work is done, you got the job, now enjoy your time before it starts ☺️
Very informational. Thanks from all accounting graduates
I'm deep in ACCA Audit and Assurance right now and, unlike most students, I love it 😂Unlike tax which changes all the time and is super tied to one single country so you can't move around the world, yeah, screw tax.
I can't wait to get my first auditing role, although speaking with the client does sound nerve wracking especially orally. Thanks for the insights.
I didn't think A/R was considered a low-risk area, as it can sometimes require significant judgement (thinking of allowances for bad debts). Crap, now I have substantive procedures popping into my mind (inspect post year-end bank statements for evidence of customer payments...) lol I'm actually an audit nerd
thank you for the video, it's so helpful
Glad you found it helpful 🥳
Just started my CA(SA) articles at Deloitte. Great video and highly informative!
omg cool in South Africa? good luck and thanks for watching ☺️
@@Devamsha Yeah in SA. Know a few people who went to Deloitte UK as well to do their CA(SA) 🙏
Congratulations!! I sent an application to do my articles at Deloitte ( Midrand) I am still waiting for their response. I am hoping for a positive feedback.
Please give an update on how it is at Deloitte. I have always gravitated towards Deloitte for some reason but I'm scared that maybe it won't be as great as I picture it. Most people I know are at PwC so yeah. That will be helpful 🙏
@@bongiperez7565 So far I'm really enjoying it! My team has been amazing and I've really enjoyed my first proper client. I feel that the work is pretty much the same at the big 4 so it's all about your team and the people you work with.
I've only been working here for about 3/4 months and so far I'm enjoying it but definitely chat to as many people as you can because everyone's experience is different.
If you come to Deloitte Cape Town then hopefully I'll meet you in office :) best of luck with the applications and CTA/ PGDA
Thank you so much. That was very helpful
Thank you for making this, Im going into a level 7 auditing apprenticeship soon, just left Year 13 at my school in the UK and its really stressful. You explained it perfectly, it has really lowered the stress ive had about this lol.
I just complete two engagements this week and I am spent. You are on point though.
This is so helpful, thanks.
Thank youu for sharinggg ur experience😘💯 i hope i can internship and continue work in Big 4 especially PWC🥰
Good luck chicka 💓
What I'm going to Say next is just My experience in the Auditing branch of accounting and doesn't mean it applies to everybody, but is just an insight of the posibility, and this message goes for the new applicants who want to be in Audit.
Just emphazising on what You Say about the busy season:
Busy season is more than just having a pile of documents to Review and have a much thighter deadline. It means to be prepared to endure for a couple of weeks getting off the job minimum at 11 p.m. cuz usually your gonna be leaving your work at 1- 3 a.m. ( at least here in México) only I had one friend who didnt slept in a day for one day. But that it means busy season so Think carefully before getting in there, Audit is not for everybody and You should have a vocation for it if You want to develop yourself in this área.
But the positive outcome is that You Will learn a lot. And literally when I Say a Lot is A LOT
thank you for your input!
Thanks for this video. Really informative.
Glad you enjoyed it 🙂
This was very insightful! Thank you
Glad you enjoyed it!
Hi Devamsha, thank you so much for this video, it was super helpful. I have a virtual assessment centre with RSM coming up, do you think there's anything I could do to stand out? I think I've prepared strength-based questions as much as I can, and as it's virtual there won't be any group assessments. Thanks!
hi jess! glad you found the vid helpful. i have a blogpost coming on this soon as i have a lot to say. but for assessment centres, they will be assessing your teamworking and social skills and this is what let me down when i first applied. things like asking team members for their opinions, eye contact and contributing to a team discussion. i've heard of some zoom group assessments so if they're not doing these i'm afraid i don't have any more relevant advice, i didn't do any remotely! i'd highly recommend the instagram page: 'thegraduatediary', they have a lot of great advice!
thank you for the tips! Im really nervous :( will be starting my career as an auditor next week. ive been reading my acca notes, standards and all study materials since i got the offer letter so i wont look dumb. your videos are really helpful, now i got more things to read and learn xD
so how is it going bro
Well me as an auditor there is no way there's no busy season.. There is only BUSY and BUSIER season.. What have I done to my life #lifeasauditor
Starting as a staff auditor this November in the US. Not a B4 but I still appreciate this video.
Yes I think a lot of it will be relevant. Glad you found it useful 🙂
WHAT ARE YOU GONNA DO IN T HE TIME UNTIL NOVEMBER?
@@JaneParkerBowls temp work
@@logicalenigma6317 Thats what I've been thinking of doing cause I don't start until March, maybe some data entry work. Or I could bludge on welfare.
What type of temp work you thinking of doing?
@@JaneParkerBowls I got a position as an analyst in the meantime actually
Thank you so much this video!
Thank you so much sister!!❤ 👌👏..
A novice junior auditor not doing all of what you mention.
First when they became an auditor, basically 3 years after. (Depends on degree)
So happy this suddenly got recommended to me because I have my interview next week
Good luck with the interview!
Good luck for the interview! I have an interview tips video coming!!
Hey! I recently discovered your channel so sorry if you already replied in one of your vids (hope not!). I have been really enjoying the audit topic - I work in industry in a similar role - as well as frugality vids - I'm also frugal, I dumpsterdive and love all my curb scores x-.
* are you an internal or external auditor? I am not sure how you call the two roles in consultancies, but I can imagine there are terms for companies delegating internal audit to consultancies and external audits to companies for their accreditations. Or can you get both types of engagements?
* in which type of dept do you work in? Financial risk? Or is it flex or? I ask because I do only regulatory/IT so I have no idea about the financial risk realm (at least not in the context of my current job). Also the other audit TH-camr I follow (bySajina) seems more regulatory oriented so I'm super curious to hear of financial risk.
So ye some ideas - I thought to leave them here instead of IG DM bc I heard it helps the channel too hehe ciao from the Netherlands
Hi hi hi and welcome!! Happy to answer your q's but I have a lot of career vids in the pipeline, if there's anything you suggest for a vid lemme know :)
- I work in external audit, as part of a team to complete legally required audits for clients. I'm not sure if you can be sent out/do both
- Just plain old corporate audit. I follow Sanjna too!! However I think she used to work in IT audit
Hope I was able to help lol
Really good advice 👍
my journey in life.... I new many IT professionals but none could tell me what the hell they did, it hurt me to the core, made my journey tougher, I literally had a mentor who was an IT auditor and could never tell me what exactly he did on a day to day, rather he pushed me into SAP Consulting.... deep sigh..... In 4 minutes Ive learned what the hell an auditor is ..... 20 years later. sigh
Thank you for this video!
Thanks for watching!!
Hi, i have a long way before looking to apply for roles yet, but i wanted to ask with the audit graduate program, did you have to travel a lot? Sorry if this is a silly question haha
This is very helpful info for someone like myself looking to transition into this career field. Thank you for the insights.
Hie thank you for this lovely video, very informative. Just wanted to ask to become an IT audit what specific degree you need to study???
This video is helpful for accounting students who want to work at big 4, like me. Can you share to us regarding the skill and knowledge required to become an auditor?
Glad you enjoyed it 🤩 I’ll definitely make more content around that!
Watching this, just a day after getting placed in Deloitte!
Congratulations!! If you don't mind me asking how was the interview process for you?
Simply Thanks
Helpful - thanks!
Good advices!
I'm from South America and have worked in the big4... here in the busy season, we used to work from 9am until 2am of the other day... how it work four you guys? If yoy can tell me your country and hours of work would be awsome...
The odds.....This was shared on my bday and I recently landed an offer at a Mid-Sized Public Accounting firm as an Auditor (Start Date in November). I'm seeking advice on how to perform well. Thanks for sharing!
No problem and congrats on the job 🥳
Thanks alot, I enjoyed the video
Hi guys my Name is Glad Rikhotso, i am working as credit controller in one of the biggest insurance company in South Africa 🇿🇦 (SANLAM), i have a degree in internal auditing, but i have never worked or got an opportunity in auditing, i am well motivated about the presentation and i hope one day it will help me when i get the opportunity in the auditing field on what to expect and how to handle the situations.
I have some knowledge with the technical stuff like the Excel tips you've mentioned, and that's one of the reasons why I want to take the audit, but I'm really really afraid because I don't have a good foundation in auditing, especially auditing theories (when talking about the subject). Despite that, I still want to pursue this field because I think it would really help me improve my skills, and I am thinking maybe the actual training or work would help me better understand the audit. Anyway, would you still recommend the audit to me despite all these?
@Dayana Perez I seeee, thank you so much for your response! 🤗🤗
I honestly hope next year I'll be at PWC
Thank you very much!
I am an audit intern for 3 months now and I really have difficulties in everything. I am that kind of person that hesitate to ask a question because i think that someone is bothered, so i try to solve the problem by my own, with no result :( . Devamasha can you please give me some advice.
And is there any videos that can help me and other audit beginners to some kind of audit procedures ( TOC, SAP, selection from GL, etc )
Hi there , I like your content by the way💓 ..what type of software do associate auditors use on the engagement?? ,, and is SAP finance , quickbooks , or tableau and python and R ,, are relevant or necessary foe associate ??
Hi, each firm will have their own internally developed software, so prior experience of it is never necessary! They train you to master it 😃
@@Devamsha Thanks you😊✌
Totally unrelated to the topic, but can you please tell me if employers there provide training contract for international students? I’m an ACCA affiliate and I’m planning to enrol for ACA ( I should only give 2 papers ) so I’m planning to move to UK to start my corporate life. Any help would be appreciated.
I'm about to interpret for an audit. Are there any important issues that could arise or very specific vocab you could recommend I keep in hand? Thank you. If anyone else has any advice I would greatly appreciate it
used to work at a big 4 and can relate to this hahah