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    Accounting Still a pass

    October 07, 2020

    Accounting Still a pass

    Still a pass

    Posted: 07 Oct 2020 02:46 PM PDT

    EY staff reading the leaked email

    Posted: 07 Oct 2020 10:03 AM PDT

    My mom is an accountant and wants me to follow in her footsteps. She keeps sending me texts like this

    Posted: 07 Oct 2020 03:41 PM PDT

    Just spend a week and a half chasing down a PBC from the client only to finally receive it and realize I accidentally requested information for the wrong date

    Posted: 07 Oct 2020 04:37 PM PDT

    So relieved that I didn't lose everything

    Posted: 07 Oct 2020 06:40 AM PDT

    Coaching first years like

    Posted: 07 Oct 2020 01:50 PM PDT

    This is so sad Alexa play Despacito

    Posted: 07 Oct 2020 04:05 AM PDT

    You ever wonder how sexy your career is to others?

    Posted: 07 Oct 2020 08:48 AM PDT

    Exams account for 60% of overall grade (no pun intended) FML. Also, as a senior, I still don't have an internship partly thanks to COVID.

    Posted: 07 Oct 2020 07:55 AM PDT

    When your senior forgets he's sharing his screen and opens a notepad doc with 2,000,000 blank lines

    Posted: 07 Oct 2020 07:14 AM PDT

    Kill me now

    Posted: 07 Oct 2020 12:51 PM PDT

    But why though

    Posted: 07 Oct 2020 10:31 AM PDT

    Reading the /r/AskReddit thread gave me a flashback to the horror I was living in the big4. Here is my story.

    Posted: 07 Oct 2020 09:45 AM PDT

    Hi everyone,

    It all started when I was in college - I needed to go in a field that could give me a job straight out of college. The career counselor told me the phrase I wish she never uttered now: "Everyone needs an accountant. Go into accounting and you'll never be without a job."

    She was right in some aspect - I did well in accounting classes, went to Meet the Firms and joined BAY. Everyone seemed so happy! I was talking to the staff and seniors at events and I was in awe of them - they had good salaries, seemed to have a good team spirit, and a good balance!

    I scored a job at a big4 in a major city and got in tax. I was so happy - 2008 just hit and I thought I was the luckiest to be able to have a job right after college.

    I worked my ass off to get my CPA and got that within a year; seniors were satisfied with my performance as I was living and breathing for the firm. My life was the firm. The soul sucking experience did not start until year 2 for me, where the seniors saw what they could get out of me and took it.

    I needed money and I needed the job - for me I had to give everything and anything so that I could survive. KPI, utilisation and other metrics were all I cared about. Hours were long, but I did not know anything else and I thought it was ok. Seniors and managers were not happy at times, but still somewhat respectful. Yeah, sometimes they crossed boundaries, but since I didn't have anything else going on, I didn't say much.

    Because I pushed through, I was sent on a secondment to Singapore/SEA, where things started to go downhill. I thought I had it bad in the States. The work mentality in Asia is completely different and boundaries are non-existent:

    • Managers who yell and ridicule you in the open-space
    • Weekends? That's just 48h more for work!
    • The lying/backstabbing to get ahead is even more prevalent there

    I was under an AD who was a psychopath:

    • repeated phone calls if you did not answer right away on your messenger
    • every single emails always cc'd to the partner

    That's when I realized, well jeez - I am busting my hump out here for someone, who is clearly not right in the head and who is not even appreciative of the efforts that I put in: why should I even bother doing that?

    I lasted 3 months there. I broke down, as I was the type of person who thought that I was defined by my work - and to AD Psycho, I was less than nothing; and I actually started believing that. My psychological well being was inexistent and while it is not entirely the company's duty to care for that, it should have been. They accepted my resignation and that was it - a one sided 8 year relationship down the drain that gives me shivers whenever I think about it.

    A few months later, I learned that someone in the office committed suicide; others have spoken out to the Ethics committee, etc, but nothing really happened.

    As to me, I am out of public and went into industry. My work is valued, boundaries are respected and when I have to deal with the auditors, it reminds me of the 8 years that I had put in a company that did not care a single bit about me.

    I might not have been strong enough for public accounting and that's ok by me.

    Just my little story, thanks for reading.

    submitted by /u/amysansami
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    Fired for Refusing to Commit Fraud

    Posted: 07 Oct 2020 09:13 PM PDT

    I had gotten hired on to a company a couple weeks ago to do their bookkeeping. They had informed me their books were a mess, the business hadn't filed taxes since 2015, and they were behind on bills. This was concerning but nothing I couldn't handle. I have cleaned up many books for small businesses who fell behind in their bookkeeping. I gained access to their QuickBooks Online and began my work. My first thing was just to go through the accounts and look at the transactions, bank statements, and merchant statements. Since the bills were behind I decided to review the payables. One of the vendors balances did not match what was in our books. I spent three days going through payments and invoices, finally able to get the balances to match. There had been 1 1/2 years of missing invoices and payments.

    After that I figured I needed the bank statements to the last time the company reconciled which was 11/2015. I asked for the bank statements and was told they did not have them. I advised them they needed to get them from their banks so I can reconcile and balance the accounts. The owners said no that would take too much time. They pulled me in for a meeting and explained that they wanted to make sure all the present stuff was accurate then deal with the old stuff. I advised that if you skipped years on QBO it would not allow you to go back. It also was a good idea to spend some time getting the books balanced so we can confirm accuracy and ensure their taxes were done correctly.

    They told me that they were just going to put in a number to make the previous years balance. I asked them how exactly they were going to come up with this number, and they said they just know what it is. I left work that day (Wednesday to be exact) to ponder how I felt being asked to enter a number that I wasn't sure was correct. I decided to talk to my mentor, a seasoned CPA, about what was going on. The missing invoices and payments, the refusal to provide bank statements, the fact that the accounts hadn't been reconciled since 2015, and them asking me to enter numbers they came up with. My mentor told me to run far away from the company, that something fishy was going on. So on Thursday, I once requested access to the bank statements, emphasizing the importance of balancing the books. I was given varying excuses from they didn't know where the records were to it was too time consuming and they wanted to focus on the payables. At one point the owner's wife got upset at me for asking for them. So I decided to have one more sit down with the owner. While he was gone I was putting in the accounts payable. I logged into one of the vendor's sites and the amount due was drastically different from what was showing in AP. A payment had been entered into QBO but was never actually paid to the company.

    So while I was waiting for my boss to get into the office I began adding in revenue that no one had ever added in. There were 2.5 million in sales never recorded and this was my biggest red flag. Who knew what other things hadn't been recorded or false transactions entered. Once my boss got in I asked him for a sit down. I told him I was uncomfortable with what he asked me to do the day before and I needed the bank statements to ensure that we had correct figures. I warned him of the audit risk with putting random numbers into the statements without any way to back them up. I informed him of the missing transactions and payments and how I didn't feel comfortable proceeding forward without checking for accuracy and getting the books up to date.

    He responded with he did this all the time and his CPA friend said it was fine. That his company had a very low audit risk and there was no fraud going on. He also said it would take too much time to clean everything up and he just wanted a clean slate and he had other things he needed me to work on. I advised him I was not going to compromise my integrity by putting in unverified numbers. That if I did that I would be putting myself at risk for getting in trouble. I also told him that if he wouldn't allow me to do this my way and ensure accuracy, I would not touch his books. He said okay well then I have no work for you then. So, on Thursday I was fired for refusing to commit fraud.

    submitted by /u/fairlywitchy91
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    Is your firm using any monitoring tools when you are WFH?

    Posted: 07 Oct 2020 02:02 PM PDT

    I have been slacking off so much thought I am not assigned and just crunching my training module while watching TV

    submitted by /u/mag-the-whale
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    I'm grateful to EY HR

    Posted: 07 Oct 2020 06:52 PM PDT

    I'm 100% serious and I wonder if others agree. I think the blowback and public nature of the underlying rational of the unlimited PTO policy will result in it being rolled back at EY and not rolled out at the rest of the big 4. Reputational and cultural damage aside I think this will benefit staff and managers accross the big 4 in the long term. On a macro level I think this is a pyrrhic victory for upper management in public accounting. I'm a staff accountant (not at EY) who loves their job but can't stand the corporate doublespeak that we all live with. I'm hoping this helps in the long run.

    submitted by /u/pats1124
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    First week assigned B4 rant

    Posted: 07 Oct 2020 02:26 PM PDT

    So I was onboarded two weeks ago new hire and assigned to 8/31 YE beginning this week.

    I feel completely useless, dragging my team down. bothering them with questions all the time.

    I'm messing up the simplest tasks, and have no clue why.

    Learning and trying to connect with ppl virtually is awful.

    Also trying to study cpa before and after work

    Rant but this kinda sucks

    submitted by /u/primetimepimp
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    Peak busy szn feels right here

    Posted: 07 Oct 2020 05:29 AM PDT

    Flexible vacation policy will be the new normal at all firms

    Posted: 07 Oct 2020 05:03 AM PDT

    I work at KPMG and received an email from one of those automated emails on Monday. It was a survey about my thoughts on an unlimited PTO policy. The link didn't work and a few hours later I got an email saying that the survey had been sent to me in "error". It is 100% being considered and will probably be implemented at all firms shortly.

    submitted by /u/jhowe13
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    Not the hero we need, but the hero we deserve: "Married accountant blew £68,000 of company's money on top British porn star"

    Posted: 07 Oct 2020 07:58 AM PDT

    Any EY Employees in Illinois Know How ‘Unlimited PTO’ Actually Affects the State?

    Posted: 07 Oct 2020 08:28 AM PDT
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