EY gets banned from new audit business in Germany

Re:EY gets banned from new audit business in Germany by wil421 on Sunday April 09, 2023 @02:25PM (#35505145)

I know a few people who went into Audit after Masters in Accounting degrees. It was basically a 2 year post grad program to excel their careers. None of them wanted to go for partner it was just a 2-3 year box to check.

I know much more people on the IT Consulting side who are in it for the long haul to partner or whatever. The job was also much better than the Audit scene, 80+ hour days in a sweaty conference room and next to no days off.

They both had he same MO, send in the 30s\40s flashy employees who then delegate all the work to 23 year olds. Once the project is in full force they tend to leave and another crew comes in who interfaces with the low cost offshore teams or 23 year olds.

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Re:EY gets banned from new audit business in Germany by theK on Sunday April 09, 2023 @03:48PM (#35505813)

You do have to delegate work in audit as well as in the other professional services disciplines. Nobody will contest that. What makes audit stand out though is that legislators require and enforce accountabilities (as the wirecard story clearly shows).

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