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Posted on 9/18/25 at 9:09 am to Youngeye77
quote:
have a buddy who did a similar route. Do you find you are still compensated well (compared to audit)
Yeah I think so but I am in New Jersey so maybe for my Louisiana eyes I am like damn I make good money. (Been here 20 years)
Posted on 9/18/25 at 9:11 am to Youngeye77
quote:
find the whole “AI will replace _____ argument” to be a bit of an exaggeration. Will it have impacts? Certainly. Some sales jobs could have been replace 2 decades ago but people still want people (for the most part). The initial cost of having a secure and intelligent enough AI system is steep and would take years upon years to develop.
15 years ago it was india was going to replace you.
Lol our systems are so screwed up I can't get out of excel. Good luck AI
Posted on 9/18/25 at 9:20 am to thelawnwranglers
So not sure I gave a good answer - I did 2 years small public accounting in Monroe and want bigger city experience was able to leverage IA course work and get IA role in Dallas high travel. Did KPMG advisory and other consulting but ultimately landed in IA department.
First point not all IA departments are the same or respect within the organization. If it is done right it is a launching board into other roles in the organization. I was in a stagnet department that was not cutting edge and rightfully not well respect in my org. That said I was decently respected and was able to get into accounting roll but took me years. From there I can't go back to "did you ever think of doing x". I have been on the frontline and cringe at who I was as an auditor. Doing and auditing are different for sure.
I love how many processes I for see and how I got to see things done well and not done well and can you share what was working with others.
I always felt Audit and n the early years (peak sox) keep me.well paid. Maybe a bit soul crushing but was a good career .
I think though with this wall of text my main point is try to be in a really good IA department. It rotated people out. It is wwll respect. It has good processes and risk assessment procedures just not admin we have to do soc we did it. Other groups consult.tou for advice etc.
I felt lucky to get out but I was 13-15 years in so I guess the questions is long term do you want out or could this be your career?
First point not all IA departments are the same or respect within the organization. If it is done right it is a launching board into other roles in the organization. I was in a stagnet department that was not cutting edge and rightfully not well respect in my org. That said I was decently respected and was able to get into accounting roll but took me years. From there I can't go back to "did you ever think of doing x". I have been on the frontline and cringe at who I was as an auditor. Doing and auditing are different for sure.
I love how many processes I for see and how I got to see things done well and not done well and can you share what was working with others.
I always felt Audit and n the early years (peak sox) keep me.well paid. Maybe a bit soul crushing but was a good career .
I think though with this wall of text my main point is try to be in a really good IA department. It rotated people out. It is wwll respect. It has good processes and risk assessment procedures just not admin we have to do soc we did it. Other groups consult.tou for advice etc.
I felt lucky to get out but I was 13-15 years in so I guess the questions is long term do you want out or could this be your career?
Posted on 9/18/25 at 9:42 am to thelawnwranglers
I could see it go either way. Ultimately, I want to make enough money to support my family and be financially stable. I’m achieving that now but life only gets more expensive. And who doesn’t want more money.
I could see myself making the jump but I know I need to be strategic about it. To your point, I feel like it’s impossible for people to make the jump out of IA when they are moving to another company. Normally see it happen internally.
I could see myself making the jump but I know I need to be strategic about it. To your point, I feel like it’s impossible for people to make the jump out of IA when they are moving to another company. Normally see it happen internally.
Posted on 9/18/25 at 11:05 am to Youngeye77
Some although not the majority use Audit as a way for people to come in a learn the company so one of those departments could be good.
As other said once I reached a level someone needed to die for me to move up. I also knew our department was lagging behind on current trends and best practices. I tried to convince director but he wouldn't. Luckily I got our in time bc the canned him and brought in new guy who cut half the staff.
As other said once I reached a level someone needed to die for me to move up. I also knew our department was lagging behind on current trends and best practices. I tried to convince director but he wouldn't. Luckily I got our in time bc the canned him and brought in new guy who cut half the staff.
Posted on 9/18/25 at 11:42 am to Youngeye77
quote:Apparently not - if you are auditing Ricks Cabaret!
Is internal audit a waste of a career?
Posted on 9/18/25 at 11:45 am to Youngeye77
You need to pass the CPA exam.
Posted on 9/18/25 at 11:53 am to geauxpurple
quote:
You need to pass the CPA exam.
Highly encourage it
As someone who has done alright without the time for studying etc never gets easier.
Ultimately I never thought I would make more money for doing so I didn't. But waiting for the right time never happens.
Posted on 9/18/25 at 12:19 pm to Mingo Was His NameO
Chat gpt.
I just feel that as accounting processes streamline, there will be audit tests that could be performed much more efficiently and accurately with AI. Revenue tracing, payables, financial statement review through OCR, revisions of internal controls, fraud detection. All could easily be enhanced through AI at a fraction of the cost of your typical audit shop.
I just feel that as accounting processes streamline, there will be audit tests that could be performed much more efficiently and accurately with AI. Revenue tracing, payables, financial statement review through OCR, revisions of internal controls, fraud detection. All could easily be enhanced through AI at a fraction of the cost of your typical audit shop.
Posted on 9/18/25 at 1:16 pm to Hobo Code
quote:
Chat gpt.
Put even a moderately complicated question into chat gpt and see what it says. It’s not going to give you half of the information you need.
Again, could it eventually, I’m sure that’s possible, yes. But in order to do so, it will have the ability to replace most every job at that point and then we have an entirely different discussion on our hands. You shouldn’t not go into audit because of AI, because you specifically aren’t at risk to losing your job, we all would be
Posted on 9/18/25 at 5:48 pm to OysterPoBoy
Is this another chat gpt answer?
Posted on 9/18/25 at 7:04 pm to Prodigal Son
It was baw.
Posted on 9/19/25 at 10:14 am to Youngeye77
quote:
I want to make enough money to support my family and be financially stable. I’m achieving that now but life only gets more expensive.
If you chase work (revenue) and find ways to make yourself useful, you'll never have a problem staying employed. If you just coast between the same couple of SOX engagements, or whatever, you will always be at risk.
Life only gets more expensive if you let your wife and kids do it to you. You have to take an extremely active role in your family to keep it in check. If you don't, you'll become chained to a job and an income to pay off the debt from your Disney cruise, the week in 30A, the five figures worth of spending on kids activities a year, etc. If you control it, you'll have a much greater level of freedom and flexibility.
Posted on 9/19/25 at 10:55 am to Youngeye77
You're not stuck at all. I'm a CFO who started out in audit a very long time ago. IA doesn't have to always focus on SOX type work. A lot of companies audit operational policies as well. My company's IA program has gotten more and more related to operational and legal risk over the years. I personally think internal audit helps you learn about all the different facets of operation of a company and can qualify you for broader operations finance roles.
Posted on 9/19/25 at 11:05 am to BillyOceans11
quote:God bless accountants, I am smart and clever enough to have been one but the thought of doing it (even for good pay) for 20+ years is chilling to me.
Been in the game 20+ years
Someone once told me they are like Mormons: you might not want to be one but you’d be happy to have one for a neighbor.
Posted on 9/19/25 at 11:07 am to soccerfüt
quote:
I am smart and clever enough to have been one
I believe you believe that
Posted on 9/19/25 at 12:57 pm to ApisMellifera
quote:
Just bite the bullet and do it. Is it fun? Hell no, but it is worth it with so many accountants these days opting not to do it for the same reasons you listed or that they are just lazy.
100% Basically, give up 3-4 months of your life to study. Get buy in from your wife. Plan on about 20 hours per week studying on top of work. Set yourself a schedule and stick to it.
Being a CPA doesn't say how much you know. It says how much you care about advancing in your profession.
Posted on 9/19/25 at 4:26 pm to LaLadyinTx
quote:
Being a CPA doesn't say how much you know. It says how much you care about advancing in your profession.
Absolutely.
Posted on 9/19/25 at 4:29 pm to soccerfüt
quote:
Someone once told me they are like Mormons:
Except for all the partying, booze, and drugs.
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