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clips2007
Regular
Regular

Joined: 03 Nov 2007
Location: United States
Online Status: Offline
Posts: 184

Posted: 11 Nov 2008 at 13:36 \| IP Logged

dlwtistyle wrote:

BTW, I hear that some of the big 4 are so deep in the hole that they are seeking gov't aid. I would love to see the day the mighty "big 4" turn into the "big failures."

God, please let this happen.

CPAKillah
Contributor

Joined: 01 Mar 2008
Online Status: Offline
Posts: 75

Posted: 11 Nov 2008 at 14:52 \| IP Logged

Not to burst any bubbles here, but the big 4 don't qualify under TARP or any of the recent government initiatives and since probably 90% of cost at professional services firms is headcount, it's pretty easy for them to reduce costs if they got in over their head. The only risk accounting firms have in terms of going concern is litigation risk, but after Andersen, the remaining 4 are basically too big to fail. This is why government prosecutors didn't aggressively go after KPMG for that tax shelter scandal.

txcpacandidate
Major Contributor

Joined: 14 Jun 2007
Location: United States
Online Status: Offline
Posts: 106

Posted: 11 Nov 2008 at 15:37 \| IP Logged

I wish our auditors looked good naked; I feel like I'm missing out.

Edited by txcpacandidate on 11 Nov 2008 at 15:38

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CPAKillah
Contributor

Joined: 01 Mar 2008
Online Status: Offline
Posts: 75

Posted: 11 Nov 2008 at 15:43 \| IP Logged

Yeah, the auditors at my company right now are ok...but not fantastic. If they were better, then they probably would have found another line of work.

marine1391
Newbie
Newbie

Joined: 31 Jul 2008
Online Status: Offline
Posts: 22

Posted: 11 Nov 2008 at 17:19 \| IP Logged

Wow. There is so much hate in this post. Frankly, if you hate the big 4, why did you apply. Is it possible your dislike stemmed from the rejection? I know I felt that way when my first choice employer rejected me. I'm still not really over it. I work for one of the big 4 and we hire the most qualified group of candidates. It's definately not about looks but more the whole package. And to whoever said the CPA is not needed obviously has no first hand knowledge. Why on earth would your superiors hold something against you for passing? Thats the craziest thing i've ever heard.

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