There is always a question how does it feel working in PwC Indonesia, one of the global big four public accounting firm and top ideal employer for undergraduate students in Indonesia. I would like to share a piece of my experience when I was working as PwC assurance associate. Though I worked for only a short period, I have experienced the most of associate journey.
In public accounting firm, like any other workplace, has good and bad stories. You can trust me once you overcome the bad stories, you have a multiplier factors for the good one. I can assure you for each risk you take and each miles you took out from your comfort zone, you are worthily compensated. To begin the story, I will start with summary of why a financial auditor and the firm has important role in the business nowadays.
First thing first, what does financial auditor really do?
Simply put, financial auditors are financial statement investigator/inspector. We examine a Company’s financial statement to ensure the figures are correct, exists and prepared within the standards. Most of the time, we gather all necessary evidences, prepare audit documentation and review the financial statement report. If you heard that auditor work until late very often and were guessing why, the only reason is because the vast task to be done in a short time. But we understand that we work for public interest, we want to give an assurance of our client’s financial statement reliability. Imagine if, say you are an investor or investment banker, you found out that the potential company you are going to acquire or invest manipulates their accounting figures, you are definitely going to lost billion of money. We come to minimize the risk, considering high quality of audit the PwC would like to provide.
Why you should consider working at public accounting firm?
Accounting is a business language. By learning financial statement, you can analyse the competitiveness, the profitability, the efficiency, the strategy, the compliance and the risk of investment. You can easily understand how a company derives their revenue, by which resources, and the interlink between business activities and accounting numbers. As analyst or decision maker, you can tweak the accounting figures for new project feasibility study, scenario analysis, merger and acquisition and performance evaluation.
Being a financial auditor will gives you a full access into a Company. Guaranteed. You have many opportunities to learn about a Company, though your main purpose is only to give an opinion on the financial statement fairness. You will examine how one Company do their business and analyse their performance compared to industry, because you are responsible for every single figures on the financial statements (remember: every single of accounting figures represents a business activities). You can jump from one company in automotive industry, to fast moving consumer goods, plantation company and perhaps service Companies. Once you are graduated from public accounting firm, you have been equipped with strong technical skills of accounting and basic business knowledge. This is a luxury feature of working as financial auditor, compare to start your career at a Company.
What are the other benefits of being a financial auditor? (specifically in PwC)
DISCLAIMER: The condition may or may not be changed as the time goes by. Thus asking your relatives or friends to confirm your understanding is highly recommended. Continue reading I Heard You Want to Work in PwC Indonesia