Tips/experience in auditing_EY/PwC/DTT/KPMG_3

5 when do system next year, think about boarder views. For instance, when do sales and cash receipt, think boarder, like:

1 What are their main products?

2 What are their categories of sale? Eg. Domestic/international, product lineA/product lineB, etc

3 And each categories' percentage, to decide which one is important.

4 in each category, think about their WCGWs, like revenue recognition timing and criteria/ sales return/ provisions, etc,.

5 when it comes to amount, think about, AT THE SPOT, how they are decided, any supporting they have?

6 be careful about timing, if the timing listed on the hard copy is not based on time sequence, ask why. And emphasis to clients about this question before they prepare the hardcopy.

6 about stocktake, be cautious about the following:

1 for those inventory lists that are categorised by warehouse1/2/3, there is a possibility that for one inventory, it can be stored in various warehouses. This is OK if you use the local template, but if you use standard template, there would be a trouble. You probably need to to sort out the total number of each category of inventory using pivot table. Maybe this is dependent on the format of final inventory list that clients provide us. If that list is divided by warehouse, then not need to pivot, if there is only a total number for each inventory, the. Probably pivot.

2 for cut-off information, check, AT THE SPOT, that the stock on the last 5 GRN really EXISTs on clients stock list, if not, ask why....

Tips/experience in auditing_EY/PwC/DTT/KPMG_2

3 think deeper, don't be "just so so".

4 think what is really valuable to you? To your future?

Your w/p? 

The core would be providing value to someone. Then to whom?

Firm might be an eternal career. So the value would be accomplishing "tasks"(talk with consul-or to know exactly what each grade' expectations) assigned to you:

0. What is your expectations to each level, each grade? Listed on job description?

1. Preparing w/p: what is good w/p? Layout & Content?

Layout may vary from people, but as for content: Seek problems/ provide information to senior to seek problems.

2. Being FIC:

what qualities would enable one become a FIC? please clients/ seek problems/ cheer up teams?

How to become a good FIC?/ when grading each FIC, what factors determines managers' view?

3. When delaying staff, how did they fail to meet your expectations? Any real examples?

4. Opinion about airplane

Wish all could be explained with examples.

Go to commercial might be another:

The value would be creating value: Tax planning/ beautiful F/S/ incisive financial decision?

1. For 2&3: based on the understanding of CAS, and what standard prohibits/ be silent about(EMC)/

2. Be fluent in every daily accounting treatment. This can be done durning audit, isn't it. See their JE and ask why they do this.

3. Learn ways of talent accounting treatment during work (EMC)

4. Read GAATI PE

Dairy_EY/PwC/DTT/KPMG9

People are evil. Everyone is an actor, but acting for what?  For a good impression? For protecting themselves? All for the interests that they deemed is important to themselves. There is no good or bad since people cannot judge people. And every evil could be justified by the one who convicted it.

So, so, so should he change? Even a little bit? I don't know...he has been an actor already. What he shows to other people is not the real "he" at least to my way of thinking.

At least he may not become A. Maybe he would become B? But B is also obvious that he is not real. Or is there anything real between grown-ups?

The question seems to be, to be "good" or to be what you think is good. Or more come down to earth... To be more "good" or more self-centred. 

So, if happiness is the destination, there might be various ways leading to it. Does the choice of ways matter? Especially when the "good" way leading to happiness is more often than not painful?

I puzzled.