monotonous jobs are my favorite, I love repetition at work. thats why I love this. a monotonous job so that you can save your energy and have fun outside of work. literally the best
Hi Stephie! I hardly ever comment on TH-cam videos but in this case I felt the need to comment. You are fantastic! Thank you so much for making these videos and educating us about the industry and your experiences! I have recently made the move from external audit at a big four public firm to an industry IA gig. I made my move after watching your videos related to work in IA and the differences between public external audit and internal audit. These videos are amazing! Please continue to make these (selfish request) because our careers are running parallel and your insights are most appreciated. Thank you again!
Hi Stephie, It's so nice to listen to you. I worked as an internal auditor for a long time. I listen to you both to keep the information fresh and to improve my English. Don't lose your energy. Thanks.
Hi, I’m an internal audit manager, and personally I don’t find it monotonous at all. Each month I am in a new location around the world, each month I have totally new processes to learn.
My Finance Department is giving push back to Internal Auditors into auditing the general ledger or accounting records, as they believe the annual audit performed by External Auditors is enough. What are reasons that the Internal Audit group can say why IA should be auditing aspects of the general ledger and accounting records, as they haven't ever had an internal audit on that area?
Thanks for addressing some the attitudes of external auditors. I constantly wondered if they know people have work to do other than sit around for them. But they would still ask what do we do all day. I just thought they didn't know what they were doing. But you cleared it up. Thanks.
Is that Stephanielaclac? OG youtuber! 👋🏾 I just took my ISO-9000 and I am trying to figure out the next steps. Your videos are helpful. Glad to see you are still uploading.
Hi stephie, It's good to see a fellow internal auditor on TH-cam as accounting profession itself is not as recognised as other traditional professions. How long have you been in internal audit? Are you working in financial services industry?
Hi Stephie, can you tell me more about your experience working in IA with external auditors? I'm leaving big 4 to do IA with a financial institution. Since now I'm working for the other side, what would that be like? I did not interface with IA when I was with big 4 since my jobs were private so no controls reliance. I've tested controls on some jobs. So would I help external auditors do controls testing and walkthroughs and then have them review my work (what if IA discovered exceptions)? Do external auditors set the scope and make the samples for IA to test? Or does IA do their own scoping? Is a typical day in IA balancing your own audit projects within the company and also doing the external auditor's assigned work? Is there as much interface with external auditors as you would expect with financial reporting team at the company?
Hi Stephie, I am currently an external auditor at one of the Big 4 and its good to know what should we expect in the internal audit especially now that I'm thinking to transition into one. Thanks!
Hi Stephie thanks for the video. I am in external audit considering moving into internal audit, can you please make a video about the pros and cons of such a move. Also internal audit vs external audit, which one has more pressure and longer working hours? Thanks
It could be a great experience in public accounting for you to have. I worked in private accounting for 5 years and have started working in public accounting for a year and I love it.
I watched this video when I was in college. Now, I am a junior internal auditor. Something tells me that I am in the wrong work environment because I do not feel that my work is monotonous. It feels so unnecessarily complicated for a company that has been existing for two decades now.
I’ve been in public accounting 6 years now and what’s most annoying is dealing with ex-auditors. I’ve had them tell me several times what my materiality is and that my difference is below CTT.
Hi Stephie, thank you for the informative and clear video. I am wondering what do internal auditors do when they decide to do a career switch? Will you be able to give me some advice to it? Thank you!
Lol your dog is so cute, that is a face of someone who shouldn't be in this industry 😆 I really liked the advice about when to be a perfectionist. That was a good reminder to just use my judgement on when something needs more of my focus and what doesn't. Especially if it's something that's isn't even my job to put energy into. 🤓
Just for transparency - I was responding to a user who I ended up blocking due to leaving vulgar racial comments on other videos so his comment went way.... to see a person like that is part of my industry is kind of disgusting... but any who his comment was this (if you can believe it lol) "I make $188,500 in the financial services industry in IA as middle management."
@@WithStephie okay that sounds awesome! It's just id figured to ask because I'm 24 yrs old and I'll complete my masters in accounting in May 2021 and I just wanted to know what the future holds. Although I have never had an internship or accounting job because I have worked in construction to pay for school I feel like watching your video has given a lot of insight on what is ahead of me! Thanks for all the info! And I did not see his comment but man there will always be haters and they're perhaps just jealous!
That's amazing you paid your way through college - will definitely look good on your resume too that you can juggle work and college. Wishing you all the best!
I am currently working for a private company as an Internal auditor. No experience yet on SOX since it doesn't apply to our company, do you think there's a huge difference in terms of tasks performed?
One difference I see is the level of documentation between SOX testing and ICFR testing for a private company. SOX testing documentation for me is much more robust, exact precise detail etc. Also there's a LOT more controls testing for SOX which is why there's usually a specific dept focused solely on that... so you'd have to really like that type of testing. Otherwise controls testing itself is pretty similar, just the above and timing of when you test for SOX throughout the year, sample sizes, testing through year end etc.
To each their own 😁 I seriously used to love SOX but now I'm really liking operational. It's nice to have a mixture so I'm glad to be in a private company!
Hi Ms. Mills, I am new to your channel. I was wondering what recommendations you have for the CPA exam? I have just graduated from college and am currently studying for the CPA exam until I start my audit position in September. Any advice would be greatly appreciated, thank you! Best - Erik
Hi Erik! I used Becker and put a video together several years ago about all the tips I have on the CPA exam 😁 th-cam.com/video/OOi0hLD36dU/w-d-xo.html Also if you check my playlists, I put together one of other Accounting channels and a lot of them have passed the CPA exam recently so you'll likely find more current info there too. Hope that helps and all the best to you on your CPA journey!
Technically you can take the exam if you have the education requirements but you won't get your license until you have proof of work experience. Some take the exam and get experience after or vice versa.
Internal Audit is not monotonous job at all. You need to adapt to different person, processes, control, and risk. I hate it for that reason since I’m not the fast adapting person out there. I will probably switch my career to accounting as that is my degree anyway.
Why to cut the i dont know what they do all day? When i was auditor all employees in client would work 800-1600 and i would work 9.-23.00 (not they werent working at home)
Do you really need to be genius to become an auditor? I mean, auditing subj. is very hard that it makes me think that I'm too dumb to be in this course.
Lol no not a genius! You do need to practice professional skepticism (as in don't believe something face value, get evidence to support it). Trust me, learning the concepts of audit is HARD in college because it just won't make sense until you have real job experience. Then it makes a whole lot more sense. Also if you can share some of the concepts that you're having trouble with, I can try to do videos in future and maybe put into more practical examples 😁
monotonous jobs are my favorite, I love repetition at work. thats why I love this. a monotonous job so that you can save your energy and have fun outside of work. literally the best
Hi Stephie! I hardly ever comment on TH-cam videos but in this case I felt the need to comment. You are fantastic! Thank you so much for making these videos and educating us about the industry and your experiences! I have recently made the move from external audit at a big four public firm to an industry IA gig. I made my move after watching your videos related to work in IA and the differences between public external audit and internal audit. These videos are amazing! Please continue to make these (selfish request) because our careers are running parallel and your insights are most appreciated. Thank you again!
Hi Ali - wow thank you so much for your kind words!! I hope you're liking internal audit life so far 🙌👏
You are the best accounting youtuber 👏🏽
Thank you so much ☺ happy to share!
Hi Stephie, It's so nice to listen to you. I worked as an internal auditor for a long time. I listen to you both to keep the information fresh and to improve my English. Don't lose your energy. Thanks.
It’s interesting to understand more about internal audit. Thank for the video. Off topic, but I love your makeup. ♥️
Aww thanks love 💗
Hi, I’m an internal audit manager, and personally I don’t find it monotonous at all. Each month I am in a new location around the world, each month I have totally new processes to learn.
My Finance Department is giving push back to Internal Auditors into auditing the general ledger or accounting records, as they believe the annual audit performed by External Auditors is enough. What are reasons that the Internal Audit group can say why IA should be auditing aspects of the general ledger and accounting records, as they haven't ever had an internal audit on that area?
Sounds like a red flag 🚩
Thanks for addressing some the attitudes of external auditors. I constantly wondered if they know people have work to do other than sit around for them. But they would still ask what do we do all day. I just thought they didn't know what they were doing. But you cleared it up. Thanks.
Is that Stephanielaclac? OG youtuber! 👋🏾 I just took my ISO-9000 and I am trying to figure out the next steps. Your videos are helpful. Glad to see you are still uploading.
Omggggg hiiiiiii!! Major OG days 😁😁😁😁 that's awesome! Sounds like life has panned out well from the old days. Hope you are doing great!
Hi stephie,
It's good to see a fellow internal auditor on TH-cam as accounting profession itself is not as recognised as other traditional professions. How long have you been in internal audit? Are you working in financial services industry?
Hi there! It'll be 3 years soon in internal audit and no I work in the automotive/ insurance software solutions industry 😁
Hi Stephie, can you tell me more about your experience working in IA with external auditors? I'm leaving big 4 to do IA with a financial institution. Since now I'm working for the other side, what would that be like? I did not interface with IA when I was with big 4 since my jobs were private so no controls reliance. I've tested controls on some jobs. So would I help external auditors do controls testing and walkthroughs and then have them review my work (what if IA discovered exceptions)? Do external auditors set the scope and make the samples for IA to test? Or does IA do their own scoping? Is a typical day in IA balancing your own audit projects within the company and also doing the external auditor's assigned work? Is there as much interface with external auditors as you would expect with financial reporting team at the company?
Hi Stephie, I am currently an external auditor at one of the Big 4 and its good to know what should we expect in the internal audit especially now that I'm thinking to transition into one. Thanks!
Hi Stephie thanks for the video. I am in external audit considering moving into internal audit, can you please make a video about the pros and cons of such a move. Also internal audit vs external audit, which one has more pressure and longer working hours? Thanks
Hi Stephie. I just landed an Internal Audit Co-Op. I’m trying to learn as much as possible before I startzThank you for all the help!
Hi how did it go?
loving the last part
Great video. I'm currently working in Internal Audit and I like it but I would like to work in Public Accounting.
It could be a great experience in public accounting for you to have. I worked in private accounting for 5 years and have started working in public accounting for a year and I love it.
I say go for it 😁 might as well try it out - you may end up loving it!
How relevant is managerial accounting in private companies in your position?
Not too relevant for what I work on. Maybe a handful of reports throughout the year I look at are more managerial focused.
I watched this video when I was in college. Now, I am a junior internal auditor. Something tells me that I am in the wrong work environment because I do not feel that my work is monotonous. It feels so unnecessarily complicated for a company that has been existing for two decades now.
Love the videos, you should really consider putting these in a podcast format. TH-cam isnt the best for these audio focused videos
Thanks for the suggestion. I've never really looked into podcasting before so will do some research.
i am ACCA Member work as internal auditor
How did you get the job?
I’ve been in public accounting 6 years now and what’s most annoying is dealing with ex-auditors. I’ve had them tell me several times what my materiality is and that my difference is below CTT.
🤣🤣🤣🤣
Hey Stephie, I am looking to do a SOX certification course, do you have any that you would recommend for me?
Hi Stephie, thank you for the informative and clear video. I am wondering what do internal auditors do when they decide to do a career switch? Will you be able to give me some advice to it? Thank you!
Lol your dog is so cute, that is a face of someone who shouldn't be in this industry 😆 I really liked the advice about when to be a perfectionist. That was a good reminder to just use my judgement on when something needs more of my focus and what doesn't. Especially if it's something that's isn't even my job to put energy into. 🤓
Hi , do you need to work in monthly closing ? Im interested doing internal audit
roughly how much do you make?
I'm also in the 100k range but not near as much as him 😁👏
Just for transparency - I was responding to a user who I ended up blocking due to leaving vulgar racial comments on other videos so his comment went way.... to see a person like that is part of my industry is kind of disgusting... but any who his comment was this (if you can believe it lol)
"I make $188,500 in the financial services industry in IA as middle management."
@@WithStephie okay that sounds awesome! It's just id figured to ask because I'm 24 yrs old and I'll complete my masters in accounting in May 2021 and I just wanted to know what the future holds. Although I have never had an internship or accounting job because I have worked in construction to pay for school I feel like watching your video has given a lot of insight on what is ahead of me! Thanks for all the info! And I did not see his comment but man there will always be haters and they're perhaps just jealous!
That's amazing you paid your way through college - will definitely look good on your resume too that you can juggle work and college. Wishing you all the best!
I am a general ledger accountant and I hope our external auditors aren’t too annoyed with me. I am responsible for the accounting for 24 properties.
Girrrrl you're amazing juggling so much! 👏🙌
Work life balance possible
To Internal auditor??
How much time to travel
In a month ??
Accounting 🧾 is fine for me too. I love it
I love accounting too. 👍👏
I am currently working for a private company as an Internal auditor. No experience yet on SOX since it doesn't apply to our company, do you think there's a huge difference in terms of tasks performed?
One difference I see is the level of documentation between SOX testing and ICFR testing for a private company. SOX testing documentation for me is much more robust, exact precise detail etc. Also there's a LOT more controls testing for SOX which is why there's usually a specific dept focused solely on that... so you'd have to really like that type of testing. Otherwise controls testing itself is pretty similar, just the above and timing of when you test for SOX throughout the year, sample sizes, testing through year end etc.
any available job for internal auditor?
Do external auditors earn more than internal ?
IMHO SOX is probably the most boring part of an internal auditor's job. Operational and best practices audits are way more interesting.
To each their own 😁 I seriously used to love SOX but now I'm really liking operational. It's nice to have a mixture so I'm glad to be in a private company!
You are glowiinggg
😁😁😁😁 thank you love! My skincare and makeup these days focus on dah glowwwww ✨
Hi Ms. Mills, I am new to your channel. I was wondering what recommendations you have for the CPA exam? I have just graduated from college and am currently studying for the CPA exam until I start my audit position in September. Any advice would be greatly appreciated, thank you! Best - Erik
Hi Erik! I used Becker and put a video together several years ago about all the tips I have on the CPA exam 😁
th-cam.com/video/OOi0hLD36dU/w-d-xo.html
Also if you check my playlists, I put together one of other Accounting channels and a lot of them have passed the CPA exam recently so you'll likely find more current info there too. Hope that helps and all the best to you on your CPA journey!
Thank you, You inspire me everyday.
I dont have any experience about accounting.. can i get certified internal auditors?
Technically you can take the exam if you have the education requirements but you won't get your license until you have proof of work experience. Some take the exam and get experience after or vice versa.
@@WithStephie thanks for your reply 🙏
Internal Audit is not monotonous job at all. You need to adapt to different person, processes, control, and risk. I hate it for that reason since I’m not the fast adapting person out there. I will probably switch my career to accounting as that is my degree anyway.
Why to cut the i dont know what they do all day? When i was auditor all employees in client would work 800-1600 and i would work 9.-23.00 (not they werent working at home)
Where you an internal auditor?
@@curiousgeorgia11.11 why do you care
gosh i've been wantinh to have your hair color for a long time but until now can't try because i'm poor 😁😅
CPA here👋💚
Do you really need to be genius to become an auditor?
I mean, auditing subj. is very hard that it makes me think that I'm too dumb to be in this course.
Lol no not a genius! You do need to practice professional skepticism (as in don't believe something face value, get evidence to support it).
Trust me, learning the concepts of audit is HARD in college because it just won't make sense until you have real job experience. Then it makes a whole lot more sense.
Also if you can share some of the concepts that you're having trouble with, I can try to do videos in future and maybe put into more practical examples 😁
Lol at the Lawn Mower outtake
🤣🤷♀️🤦♀️
I love your strategy