What Do BIG 4 Auditors Actually Do? (PwC, EY, Deloitte, KPMG)

What Do BIG 4 Auditors Actually Do? (PwC, EY, Deloitte, KPMG)

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0:00 - Introduction
1:33 - Why manipulate performance?
2:50 - The role of auditors
3:28 - Accounting standards
3:46 - Sampling
4:29 - Materiality
5:45 - Engagement stages
7:53 - The future
9:23 - Conclusion

[JamesAlberts]

Interested in a Big 4 career? 💼 Check out my channel for other videos on how much graduates are paid in their first five years, and what you could earn as a Partner 💷

[MattAgustin]

I have so many friends who went into Big 4 Accounting and never actually asked them what they did. Appreciate the clarity in which you explained audit!

[victorbarrera]

Thank you James for this informational video!

[joycebolden]

something really appreciating and awesome

[nancytapia]

in this video the amazing way it is prepared with it

[e-cavalier]

Thanks for the video!! Just got an internship offer from one of the Big 4 in London and I really needed a video like this to set out the basics!!

[vernonmclaughlin]

really brilliant loved it so amazing so brilliant

[mrgaryfoxpodcast]

Made a pretty serious topic very interesting. Solid video!

[tinayang]

Thanks James! Im from a Canadian Big 4 and would love to hear more about the difference between North America and UK audit regulatory!

[wobwjjl]

Informative and educational!! More please

[davosrwilliams]

A good high-level summary - you forgot to mention controls in the planning stage!

[beth]

Good to understand the role better, thank you

[counterleo]

In the UK we also have tests of controls. Mostly to determine whether a systems-based approach is appropriate. If internal controls are effective, there is a higher chance that figures produced are appropriate, so we can get away doing less substantive testing than if the internal controls were weak. Also, if we find control deficiencies, we recommend improvements. Although we have no duty to comprehensively test and report on all controls (that's for internal audit).

[petrolpoodle]

These are definitely getting funnier and funnier! But still a great balance, not try hard for the sake of it. Loving it, keep it up

[saurabhsivam]

Hi James. I will be joining one of the Big4s in India. This video helped me to get a clarity of what i will be doing. Cheers

[robertanynna]

Videos like this make me think about how I was the victim of two scams in a row: it's very easy to be a victim if I don't have someone i trust in my company, if there isn't a team of competent auditors and consulting acting, you can actually lose a lot of money invested. What is the main criterion when choosing an audit team in this sector?

[gm]

Wait, do auditors in the UK not test controls?

[nancymartinez]

really amazing the way it is amazing way prepared cool

[Jay-wjyr]

Do you feel like an auditor has to have a high level intermediate skill level with Microsoft excel to do good as an auditor?

[mawandeisaac]

Very informative and interesting content 🤞❤️🫡 I like the way you explained it 🫵💫🥇 even a two year old would understand 😅