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WHY PEOPLE HATE AUDIT
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- เผยแพร่เมื่อ 8 ส.ค. 2024
- Today, I talk about the negativity around audit.
Visit the website for FREE RESOURCES: www.victusfinance.co.uk
Timestamps:
1. Introduction 0:00
2. Pay 0:23
3. Work Life Balance 2:31
4. Interest Rate 3:34
5. Close 5:19
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Hello Fehzan, I just wanted to say thank you for all your amazing videos, I recently got into Grant Thornton’s school leaver as an audit associate because of your help
Well done that’s excellent news
It does happen good to get your qualification in that case and experience a change
@@Nikhil-hd5oi are there work life hours actually as bad as they say? Around what time are you usually leaving the office and how difficult are the exams?
Salaam Fehzan - I'm coming towards the end of my studies for the ACA - could you do a video on moving to the transaction services/deal advisory service line from audit? This is a route that is desired by most people in audit.
Wa alaykum as salam not an easy one as a) I never did that route so not an expert and b) each persons experience maybe different - what may work for you may not work for everyone else. I’ve done a video on switching service lines which contains tips worth checking out.
Salaam Fehzan, if you don’t secure an apprenticeship at a big firm/mid size will joining a random small firm and gaining your ACA hinder your career significantly?
Wa alaykum as salam not really posting a video talking about the benefits of working for a smaller firm next week in shaa allah
Hi Fehzan - I have nearly completed CA qualification (UK) worked in private client/mixed tax all my time (5years) and currently AM level. How can I get into internal audit? Is there anything which can help my case to make the move across? Thinking is move to Internal audit and then move to industry and ideally IT audit or something to do with internal audit and IT. What qualifications/certifications can help my case? Any advice welcome. Thank you
I would say focus on getting an internal transfer to either external audit or risk services within practice. If you spend a year in either of those you can then apply to IA roles within industry. You don’t need a specific qualification for operational / financial audit, CA should be enough. But if you want to go into IT Audit having a qualification like CISA definitely helps.
Assalam o Aaikum
I want to ask you that do beng a inernal auditor n financial services and banking is haram?
Thank YOu
@@FehzanMehdi
@@mrhero5259 Wa alaykum as salam - I'd avoid working in any role in financial services as I believe this to be haram.
@@FehzanMehdi ok jazakAllah
May Allah Bless you and keep all of us on sirat al mustaqeem
@Fehzan Mehdi Does it matter from which body you qualify CA in the UK (ICAEW/ICAS/CAIreland) when it comes to jobs or not?
No shouldn’t be a huge difference as they’re equivalent qualifications - the only one which i feel is rare to find in the UK is the CA Ireland so you may face some challenge there but I wouldn’t expect it to be a huge issue
@@FehzanMehdi right so across the UK, all these are considered the same?
Equivalent not the same they will cover slightly different topics but are all well respected - the only clear difference is with cima which is more popular in industry than practice
@@FehzanMehdi right. But CA is also popular in industry?
Yes it is
Hi Fehzan. Let me state a scenario
Suppose, a person, fully qualified ACCA (incl the 3 years PER completed), also has a Bsc in Applied Accounting thru Oxford Brookes (which is attainable thru ACCA after first 9 papers). How much of a gross salary can he expect in london being a member of the ACCA.
Also, love your videos✨
Thank you in London I’d expect 55-60k plus a package ie bonus / car allowance
@@FehzanMehdi Thank you for the info.
I've heard several audit firms are hiring Indian accountants to pay lower salaries
Not directly hiring but outsourcing basic tests and procedures yes - kpmg have such an office in India
@@FehzanMehdi Isn't it disgusting? Salaries are not that competitive, and companies try to pay even less by outsourcing some of the work. They will continue to do that even more in the future
Unfortunately it’s a sign of things to come if not already here many companies outsource administrative / basic functions to countries such as India
Yes, the company I work for, pretty much all the auditors came from India for our 2022 audit. Didn’t understand anything, had to repeat myself to them a dozen times.