Comparing Audit in SA Vs UK
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- เผยแพร่เมื่อ 10 ก.ย. 2024
- Hey guys
In todays video, we explore the differences between audit in the UK and in South Africa. There is quite a lot, but in here I discussed my top 5. I hope you enjoy it! 😊
#Audit #UKvsSA #Ntwanie
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Loved this! Thank you for taking the time to distill these observations and risking the potential backlash for providing a limited insight. I relate so much to the South African aspect of your observations, especially on staffing - and this is coming from a 5th year trainee in the Free State so your observations certainly ring true and have merit.
I appreciate you and your content Ntwanano.
Talking about the pressure, I can never sleep when there is a monetary difference that I can’t figure out. My mind will be working even when am asleep, dreaming about it.
You know what! Ive been there too! Its trauma, youll heal 🥲
Thank you so much for this video. Very useful for decision making
Hi Ntwanano, on the staffing issues point; Do you feel like that's because firms do not wanna hire enough trainees so there's more people of course taking costs etc into account or because not enough people qualify for employment like that? Because I'm thinking it might be more a firm culture thing in that they say teams will be this size and jot taking into account the amount of work that will need to be done and the number of employees that would be adequate so if teams are a specific size there's no more in depth client and work basis and analysis that is done to actually determine whether more assistance would be needed which then results in the team having to put in more work or other people being brought in later on in the audit...
I think firms hire a lot, the issue is they struggle to retain talent.. every year audit firms hire new graduates as trainees, hire newly qualifieds, experienced manager etc but within a year or two they leave the firm. If you pay attention youll realise more people resign than new hires.
😫 I have the opposite experience working in Big 4 audit in the UK . You are lucky
Hi Phiwe. Do you still find yourself wowking looong hours?
Love your videos !!❤️
Very informative. Thank you👌🏾
This was so informative. Thank you 🙏🏾
@Ntwanie What is the standard time for you to stay at your audit firm, to cover your sponsorship of helping you go over?
How many years do you have to stay in audit?
Will you eventually move over into advisory or industry?
Hey Ntwanie I have a Bachelor Degree in Internal Auditing currently working in a Accounting firm under Out sourcing department. We doing small audits mainly for properties. Do you think I could get a job in Uk in Internal Auditing or Finance with this experience. Also is it possible for me to do Articles that side??? I am at South Africa by the way.
Perfect 👍
Can you advise on how to move into auditing if one majored in financial accounting undergrad
External or internal? If internal, thats easier, you can apply for internal audit roles, external youd probably need to go with one of the audit firms, doesnt have to be the big 4 but essentially youll need to be working towards the Ca designation in an articles environment to be able to be exposes to external audit
Hi Ntwanie
Would you say the environment is a bit more relaxed in the Uk due to the fact that you not in one of the big 4 firms and in SA you were in a big 4 firm?
Could the relaxed environment also be attributed to the size of the firm and clients that you have, e.g. listed or not,?
I hope she answers this. You need to compare apples to apples
You forgot to mention the manager that went on leave while you were dealing with a client you did not know 🤣😂, you were talking about it on Instagram that day
😂😂 ai we conquered that client and finally signed months ago! Im a happy champ!
Hi
Regarding work-life balance:
Do you still work overtime and weekends on the non busy months (May - December) in Audit.
If the non busy months are fine then can one not plan their lives around busy season, I.e no major plans during the 3 or 4 months of busy season
With experience would one become efficient and learn to handle things better?
Hey.. currently no. I didnt even work overtime during busy season(maybe that was because i was still on boarding).
Yes you definitely can plan your life around it but you cant plan emergencies that occur during that time.
The work environment part is key in audit.
I agree!
Hi Ntwanie, when do the round of interviews start during the year??? In which months do they take place?
Hey, i did mine around May/ June i think.. but they have interviews all year round, depends when you apply
Joh hun, the studies are traumatizing on its own. If the work environment is traumatising just imagine how damaged you can get.
Not in audit but yah SA is toxic 😅
The pressure! Lord!
Its insane there 🥲
Girl! IM in Southa🤣 at your firm! I need a hug 💀
Lmaoooo its the ghetto apha. Im in her former firm and uwowu😅
Dont get me started on them working papers chile.
Very relatable!
Is IT Audit big there?
Yeah..
Just banging on about herself+ no auditing ,,,
Hie dear l love yr content thank you. May l have your email l would like to ask something