- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 10/16/20 at 5:44 pm to jclem11
Most Big 4 audits are shite anyways
Posted on 10/16/20 at 5:45 pm to Rendevoustavern
Kpmg’s new training facility is elite. It won’t help the core problem that big 4 auditing faces though.
Posted on 10/16/20 at 6:03 pm to Rendevoustavern
quote:
They have a trash training program as compared to the other 3. Deloitte takes the cake with the Dallas hub.
The Deloitte center outside Dallas is an insanely luxurious white collar Branch Dravidian compound. I think EY’s is pretty pimp too.
This post was edited on 10/16/20 at 6:05 pm
Posted on 10/16/20 at 6:04 pm to dewster
This isn't new.
When I was in college (and the Big Four were then the Big Eight before shrinking to the Big Six and Arthur Andersen disappearing totally thanks to Enron) the issue of auditors being too close to their clients was a problem then.
When I was in college (and the Big Four were then the Big Eight before shrinking to the Big Six and Arthur Andersen disappearing totally thanks to Enron) the issue of auditors being too close to their clients was a problem then.
Posted on 10/16/20 at 6:06 pm to lsuconnman
quote:
Shouldn’t it be the opposite? If I owned a shady company, I’d hire the auditor that provided the least resistance.
And that's what you get with the lowest rate.
Posted on 10/16/20 at 6:11 pm to Quidam65
quote:
And that's what you get with the lowest rate
There’s usually a premium attached to looking the other way.
Posted on 10/16/20 at 6:34 pm to dewster
I don't know anything about EY, but we use KPMG and I have to work very closely with them on out audit every year. Those people are damned near rapey with the detail and scope of their audit. The subsidiary I am with is about 20 billion in annual revenue, and I'm pretty sure if someone put in a fraudulent PO for a single roll of toilet paper for 35 cents they would find it and put the fear of God into our board over it.
Posted on 10/16/20 at 6:36 pm to TigerFanatic99
Every EY auditor I’ve ever met was a kid fresh out of school with zero experience
Posted on 10/16/20 at 6:47 pm to dewster
(no message)
This post was edited on 1/18/21 at 8:16 pm
Posted on 10/16/20 at 8:33 pm to Rendevoustavern
quote:
They have a trash training program as compared to the other 3. Deloitte takes the cake with the Dallas hub. KPMG & PwC have solid training and on boarding programs.
I work at EY Consulting. Used to do KPMG consulting. Take my perspective with grain of salt because I’m not in audit.
EY onboarding process was very standardized and professional. The ongoing training is very much up to the professional to schedule and attend, no formal ongoing training that 1/3 of the practice attends at a time. I will say I learned little to nothing at KPMG National trainings, practically a 4 day party with recovery time during the trainings. The content was mostly useless.
I’d argue at this point from a training perspective EY seems to have done it right where they don’t have overhead of some unused training facility.
The talent I’ve come across at EY has been higher, but that could really just be the people I’ve been exposed to at EY as opposed to KPMG.
I like working at EY, that is all I came here to convey.
Posted on 10/16/20 at 8:43 pm to Sao
quote:
This is the so called Swamp that needs to be drained. Banking, Finance and Wall Street are crooked as frick. Hard working small money citizens don't have a chance against this type of looting.
Absolutely.
Posted on 10/16/20 at 9:30 pm to Draconian Sanctions
quote:
That’s not going to be good for business
They just signed the Libyan Investment Authority contract two days ago.
Posted on 10/16/20 at 9:45 pm to Larry Gooseman
quote:
4 day part
The only party you had in assurance the entire year
quote:
content was mostly useless.
The process is, semi, standardized anyways
quote:
EY Consulting.
I don’t discourage an EY opportunity if it’s not assurance, that’s my only point.
Posted on 10/16/20 at 9:53 pm to dewster
The my were also FNBC’s auditor down here
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News