I was hoping someone could clarify something for me. I have read the multiple posts on the big 4 background check and I haven't seen an answer to my question.

I am a prime candidate for the big 4 and I have had first interviews with all. I am somewhat confident that I will receive an offer.

My issue is that I have a bankruptcy on my credit record. It is more than 4 years old and will be 5 at my start date. Does anyone know if this is an automatic disqualifier?

I ask if its automatic because I have a few upper level connections within one firm and I strongly believe that they will help.

Does anyone (that has a basis for their opinion) have any input?

After researching this more... let me take a step even further back.

Will I have a problem getting my CPA license with a bankruptcy in my past? I had been told a while back that this wouldn't be a problem but in hindsight I'm not sure that it was a very reliable source.

Can anyone offer advice??

I'm not sure.  I know you posted this awhile ago, and was waiting to see what responses you would get.... but you really didn't get any.  I would check with your state. 

From my experience, the two firms I've worked for have run my credit report, but I don't think they checked my professional references.  I'm not totally positive about what they are looking for...  I do know partnerships have to hold liability insurance and that may cost more with a poor credit score.....  but then again, that may just be at the partner level... 

Thanks for the reply. I have been reading the forum regularly and keeping track of the thread. I should have replied to my own post to share some of the information I have found.

I am a resident of CT and plan to sit for the exam here. I have found that there is nothing that precludes you from being licensed as a CPA with a past bankruptcy. Any convicitions relating to fraud or finanical crimes would prevent you. (Which I do not have) 

Filing bankruptcy as a CPA however could jeopardize your license in the same way a felony would.

The part of my question that still remains unanswered is how it will affect me in the hiring process. I appreciate your input. From what I am told my credit check will happen after I accept and offer which is what makes it scary. If I am lucky enough to recieve more than one offer and I turn one down, I dont want to have the firm I choose come back and rescind...

In terms of my search... I had 4 firms interested, 3 of the big 4 and a regional firm. I made it to the second round with all 4 and so far have been turned down by 1... 3 to go... Im hopefull.

hcanders wrote: I'm not sure.  I know you posted this awhile ago, and was waiting to see what responses you would get.... but you really didn't get any.  I would check with your state.  From my experience, the two firms I've worked for have run my credit report, but I don't think they checked my professional references.  I'm not totally positive about what they are looking for...  I do know partnerships have to hold liability insurance and that may cost more with a poor credit score.....  but then again, that may just be at the partner level...