Comments on: Hmmmm, Do You Find Yourself, Suddenly, With A Lot of Free Time? http://retheauditors.com/2008/10/04/hmmmm-do-you-find-yourself-suddenly-with-a-lot-of-free-time/ The Business of the Big 4 Audit Firms Tue, 22 May 2012 15:02:22 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: re: The Auditors » Blog Archive » @Going Concern “Taking a Louisville Slugger: Lawsuits Against E&Y, PwC Show Ugly Side of Big 4″ http://retheauditors.com/2008/10/04/hmmmm-do-you-find-yourself-suddenly-with-a-lot-of-free-time/comment-page-1/#comment-138117 re: The Auditors » Blog Archive » @Going Concern “Taking a Louisville Slugger: Lawsuits Against E&Y, PwC Show Ugly Side of Big 4″ Wed, 10 Nov 2010 13:34:42 +0000 http://76.12.174.187/?p=817#comment-138117 [...] Candidates felt helpless since, like Ms. Gribben, once they had decided amongst all offers – many of the best students used to have a choice of all four of the largest firms and more – they were left with few choices if their selected firm reneged.  Not only had the other firms moved on and given their slot to someone else, but the taint of having their offer fall through intimidates many students. Complaining might end up on their “permanent record” and “blacklist” them for the rest of their career. Many were locked in a stasis that sometimes only corrected itself after a call or email to me. [...] [...] Candidates felt helpless since, like Ms. Gribben, once they had decided amongst all offers – many of the best students used to have a choice of all four of the largest firms and more – they were left with few choices if their selected firm reneged.  Not only had the other firms moved on and given their slot to someone else, but the taint of having their offer fall through intimidates many students. Complaining might end up on their “permanent record” and “blacklist” them for the rest of their career. Many were locked in a stasis that sometimes only corrected itself after a call or email to me. [...]

]]> By: re: The Auditors » Blog Archive » An Amazing Internship Opportunity - A Public Service Announcement For My Friends At Publicis http://retheauditors.com/2008/10/04/hmmmm-do-you-find-yourself-suddenly-with-a-lot-of-free-time/comment-page-1/#comment-3213 re: The Auditors » Blog Archive » An Amazing Internship Opportunity - A Public Service Announcement For My Friends At Publicis Sun, 29 Mar 2009 17:18:29 +0000 http://76.12.174.187/?p=817#comment-3213 [...] She recently passed along this opportunity for a six month internship in their IT Infrastructure organization.  In these uncertain times, I like this idea of a post-graduate, solid, paid internship in a world class company that intends to mentor the individual.  You both have a chance to size each other up before making a comittment. It’s almost as good as one year of Americorp or travel abroad or volunteering with Habitat for Humanity or a local social service organization. [...] [...] She recently passed along this opportunity for a six month internship in their IT Infrastructure organization.  In these uncertain times, I like this idea of a post-graduate, solid, paid internship in a world class company that intends to mentor the individual.  You both have a chance to size each other up before making a comittment. It’s almost as good as one year of Americorp or travel abroad or volunteering with Habitat for Humanity or a local social service organization. [...]

]]> By: Adrienne http://retheauditors.com/2008/10/04/hmmmm-do-you-find-yourself-suddenly-with-a-lot-of-free-time/comment-page-1/#comment-1213 Adrienne Thu, 16 Oct 2008 19:40:00 +0000 http://76.12.174.187/?p=817#comment-1213 Great advice, Francine, I really hope some of your readers take this to heart.<br/><br/>As you know, I'm in the business of CPA exam review - which means a large majority of our student base comes straight out of college...<br/><br/>We actually started seeing an increase in students some time late last year who had originally started out their careers in the mortgage or finance industry (with very little advanced accounting coursework in college)who made the decision to transition back into accounting and pursue CPA licensure for no other reason than job security. Those people saw our current financial instability coming first because they seemed to be the first hit.<br/><br/>We're now beginning to see a trend of students <b> completely outside </b> of the accounting/finance industry embracing their certification as a viable source of job security. I'm referring to people in completely unrelated industries like auto, tech, etc. <br/><br/>Additionally, forensic accounting is going to see a HUGE leap in the next few years. As giant corporations crumble and the general population (who normally turn a blind eye to the obscure world of accounting) begins to question who exactly is allowing this to happen... well... the $97.5 mil decision against PwC is a perfect example of this.<br/><br/>The plot will thicken and I guarantee you we will continue to see growth in our industry.<br/><br/>Suddenly, being an accountant is way cooler than it used to be, eh?<br/><br/>Again, great post! Great advice, Francine, I really hope some of your readers take this to heart.

As you know, I’m in the business of CPA exam review – which means a large majority of our student base comes straight out of college…

We actually started seeing an increase in students some time late last year who had originally started out their careers in the mortgage or finance industry (with very little advanced accounting coursework in college)who made the decision to transition back into accounting and pursue CPA licensure for no other reason than job security. Those people saw our current financial instability coming first because they seemed to be the first hit.

We’re now beginning to see a trend of students completely outside of the accounting/finance industry embracing their certification as a viable source of job security. I’m referring to people in completely unrelated industries like auto, tech, etc.

Additionally, forensic accounting is going to see a HUGE leap in the next few years. As giant corporations crumble and the general population (who normally turn a blind eye to the obscure world of accounting) begins to question who exactly is allowing this to happen… well… the $97.5 mil decision against PwC is a perfect example of this.

The plot will thicken and I guarantee you we will continue to see growth in our industry.

Suddenly, being an accountant is way cooler than it used to be, eh?

Again, great post!

]]> By: Anonymous http://retheauditors.com/2008/10/04/hmmmm-do-you-find-yourself-suddenly-with-a-lot-of-free-time/comment-page-1/#comment-1200 Anonymous Tue, 14 Oct 2008 00:03:00 +0000 http://76.12.174.187/?p=817#comment-1200 Thank you Francine. Thank you Francine.

]]> By: Anonymous http://retheauditors.com/2008/10/04/hmmmm-do-you-find-yourself-suddenly-with-a-lot-of-free-time/comment-page-1/#comment-1173 Anonymous Sun, 05 Oct 2008 16:08:00 +0000 http://76.12.174.187/?p=817#comment-1173 Agree with Francine and @819...both great advice and information. Good on ya Francine for your advice points to people - younger folks who have been layed off - Francine's advice is awesome and will only allow those who take that advice to grow - not to mention you'll have a great time. But as she said - you got bills to pay - get a move on. Or just request a bailout from the gubiment and go travel and read anyway.<br/><br/>Don't forget though immediately after you pack up your cube and locker - have a shot and a beer and take a nap.<br/><br/>- Red Agree with Francine and @819…both great advice and information. Good on ya Francine for your advice points to people – younger folks who have been layed off – Francine’s advice is awesome and will only allow those who take that advice to grow – not to mention you’ll have a great time. But as she said – you got bills to pay – get a move on. Or just request a bailout from the gubiment and go travel and read anyway.

Don’t forget though immediately after you pack up your cube and locker – have a shot and a beer and take a nap.

- Red

]]> By: Anonymous http://retheauditors.com/2008/10/04/hmmmm-do-you-find-yourself-suddenly-with-a-lot-of-free-time/comment-page-1/#comment-1169 Anonymous Sun, 05 Oct 2008 01:19:00 +0000 http://76.12.174.187/?p=817#comment-1169 Great ideas...but you're right Francine, most folks in the Big 4 are results-oriented people...I've been in touch with various D&T colleagues who were laid off in late August and not surprisingly many of them have already landed something or are mulling over offers - it's a tough market out there, but there's something to be said about having Big 4 experience and a good network to help you out...For everyone else, hang in there, things will turn out for the better... Great ideas…but you're right Francine, most folks in the Big 4 are results-oriented people…I've been in touch with various D&T colleagues who were laid off in late August and not surprisingly many of them have already landed something or are mulling over offers – it's a tough market out there, but there's something to be said about having Big 4 experience and a good network to help you out…For everyone else, hang in there, things will turn out for the better…

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