People often ask themselves if the big 4 experience is worth it. In our big 4 experience series we strive to answer this question by covering topics that big 4 professionals should be considering.
In today's episode we are taking a look at clients of the big 4 and how that might impact your decision to join a big 4 firm such as PwC, EY, Deloitte or KPMG. Each one of them have large fortune 500 clients and that should factor into your decision.
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Many people consider working at the big 4, but they quickly hear horror stories about the big 4 and worklife balance. This makes them ask the question? Is the big 4 experience worth it? We will try to answer this question in our series - Big 4 Experience. In today's episode we will highlight the resources that the big 4 have to try to answer the question if working at the big 4 is worth it.
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Learn some questions that you should be asking during your big 4 interview. These are questions that you can ask your big 4 recruiter or big 4 partner that you will be interviewing with.
These questions deal with topics like a big 4 culture, diversity, worklife balance, responsibilities, etc.
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What are some key traits of a successful big 4 accounting team?
In my view the 6 key traits of a good big 4 team are as follows. The team must encourage learning, the team must endear trust, the team must foster autonomy, the team must allow its people to ask questions, the team must have high expectations of each other and the team must support each other in tough situations.
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We wanted to use today's episode to say we are thankful for all our loyal big 4 accounting listeners.
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What happens when you make mistakes in the big 4 accounting firm? Do you get fired? Do you have to resign? Do you get investigated?
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In today's podcast we discuss the traits and skills that will be required of all future accountants that want to work in the big 4 accounting firms.
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It is important to know who the top tax consulting firms in the world are with 2017 tax reform looming. If we know who the largest tax consulting firm in the world is, then we can figure out who stands to make the most money from the change in tax law.
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Have you ever wondered what a day in the life of a big 4 partner is like. Well you can find out in today's podcast as we cover what it is like for a partner in Deloitte's consulting practice.
What do partners do everyday for their clients. What do they do with their big 4 colleagues. Find that out and more in today's episode.
To read the article on silicon republic visit the following link
https://www.siliconrepublic.com/people/consulting-partner-deloitte-ita-langton
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https://youtu.be/v7E4_eC-Aao
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In today's episode we cover a recent article from Forbes that discusses uses of artificial intelligence in accounting. The article specifically goes over examples in the big 4 accounting firms.
Some examples of artificial intelligence being used in accounting are:
natural language processing to read documents
machine learning for anomaly detection in invoice testing
natural language generation of tax analysis
Read Adelyn's article:
https://www.forbes.com/sites/adelynzhou/2017/11/14/ey-deloitte-and-pwc-embrace-artificial-intelligence-for-tax-and-accounting/
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We discuss the possibility of the big 4 accounting firms being replaced by competition. Similar to how Amazon, Apple, and Uber replaced their competition. Amazon and Uber both entered established industries with major competitors and challenged them with better processes and technology.
Could the big 4 accounting firms of PwC, KPMG, Deloitte and EY be replaced by a smaller firm or new technology?
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Learn who the largest clients of the big 4 accounting firm EY are. They include tech giants like Amazon, Apple, Google and Snapchat. Ernst and young even gained General Motors as their client in 2017. Learn more clients of Ernst and Young in today's episode.
Make sure to check out our EY clients page for more details of their largest clients.
https://big4accountingfirms.com/ernst-and-young-clients/
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Improving your body language will really set you apart in your big 4 interview. You need to have good posture and you also need to smile. Many people don't analyze their own body language before an interview, but it is very important if you want to be taken seriously. It will really set you apart from your competition.
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On recent podcasts we've discussed all the important quotes coming out of big accounting conferences, so we wanted to spend some time to describe what it is like to attend one. On today's podcast we discuss what you can expect out of a big 4 conference whether there are clients present or not.
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In this episode we try to provide tips on how to keep your big 4 or accounting job despite all the new technology. There are some skills in accounting that are going to be valued more in the future. Make yourself irreplaceable for the foreseeable future.
Learn what those skills are in this episode.
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Learn how the CEO of Deloitte, Cathy Engelbert, sees the future of accounting.
Cathy Engelbert believes the future of accounting relates to 3 main things
1. Technology
2. Demographics - especially genertional shifts coming from more millennials in the workforce
3. Increased demands by stakeholders
To learn more about Deloitte visit our Deloitte wiki page.
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http://big4accountingfirms.libsyn.com/millennials-are-taking-over-accounting
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In today's podcast we cover what the NASBA and AICPA think about the 2017 CPA Exam. Both organizations think that the new 2017 CPA exam is being well-received by candidates.
This assumption proves out pretty well as the CPA exam pass rate has exceeded 50% on many parts of the exam. Find out more about what both organizations think of the new CPA test in this episode.
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Today we are going to discuss the potential of KPMG losing their audit of the Bank of England. The Bank of England is putting their audit up to bid and many people think that it might go back to PwC or one of the other major accounting firms. Prior to KPMG auditing the bank of england, PwC was the auditor for over 85 years.
What are the implications of KPMG losing this audit.
Figure out who KPMG's other large clients are at our KPMG clients page.
https://big4accountingfirms.com/kpmg-audit-clients/
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Today I wanted to provide an update on tax reform as there have been some recent updates that needs to be discussed as they have the potential to change the big 4 accounting firms.
On November 2, 2017 the house ways and means committee chairman released a draft of the legislation that has the potential to become the tax reform bill. The name of this bill is the tax cut and jobs act of 2017.
What are some of the implications of tax reform on the big 4 accounting firms? What are the impacts on your big 4 career? Learn more in today's podcast.
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Check out kpmg’s tax reform webcasts at the following link
PwC Tax webcasts
https://www.pwc.com/us/en/tax-services/webcasts.html
Deloitte tax reform webcasts
https://www2.deloitte.com/us/en/pages/dbriefs-webcasts/series/tax-executives/tax-reform.html
Check out the Deloitte tax reform Model
https://www2.deloitte.com/us/en/pages/tax/solutions/tax-reform-navigator-services.html
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Deloitte recently released guidelines that are necessary for blockchain to be successful. They outlined 6 principles that need to be developed in order for financial services to be able to implement blockchain on a widespread basis. These principles include
Visit Deloitte's dedicated page where they highlight the blockchain controls:
https://www2.deloitte.com/ie/en/pages/technology/articles/blockchain-control-principles.html
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In today's podcast we discuss the new social media campaign that Deloitte has launched in order to get big 4 recruits. The campaign is called the "Why Deloitte" campaign. You can search this campaign on social media by searching for the #whydeloitte hashtag.
You can also visit Deloitte's dedicated website for the campaign at
https://www2.deloitte.com/global/en/pages/careers/articles/why-deloitte.html
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