Comments on: Big 4 Lingo http://www.narrowingthegaap.com/staff/big-4-lingo/ Your ultimate guide to getting hired by the Big 4 and thriving in it! Sat, 14 Aug 2010 18:44:41 -0600 hourly 1 http://wordpress.org/?v=3.0 By: A4 http://www.narrowingthegaap.com/staff/big-4-lingo/comment-page-1/#comment-31 A4 Tue, 22 Sep 2009 18:33:01 +0000 http://www.narrowingthegaap.com/?p=65#comment-31 Sorry!! first is TPE-Team Planning Event Sorry!! first is TPE-Team Planning Event

]]> By: A4 http://www.narrowingthegaap.com/staff/big-4-lingo/comment-page-1/#comment-30 A4 Tue, 22 Sep 2009 18:31:23 +0000 http://www.narrowingthegaap.com/?p=65#comment-30 The initial part of the audit where key decisions are made as to where and how our time is going to be spent. Analytics are used to determine significant accounts. This is usually done about 2-3 week in the field at which point it serves no purpose, but to possibly negate last years strategy that you already starting putting in place due to having no direction. SALY: Same as last year- the budget is so small you can even think about changing strategies….better hope they had a good one last year. Rollforward of evidence/memo: The same useless document that gets reused every engagement. No one ever reads it to see if it still applies. The initial part of the audit where key decisions are made as to where and how our time is going to be spent. Analytics are used to determine significant accounts. This is usually done about 2-3 week in the field at which point it serves no purpose, but to possibly negate last years strategy that you already starting putting in place due to having no direction.

SALY: Same as last year- the budget is so small you can even think about changing strategies….better hope they had a good one last year.

Rollforward of evidence/memo: The same useless document that gets reused every engagement. No one ever reads it to see if it still applies.

]]> By: me http://www.narrowingthegaap.com/staff/big-4-lingo/comment-page-1/#comment-23 me Thu, 27 Aug 2009 09:05:28 +0000 http://www.narrowingthegaap.com/?p=65#comment-23 PBC = Prepared By Client EBP = Employee Benefit Plan - a common audit performed opposite busy season as a way to generate revenue when there is no work. W/O/E = Without Error, but make no mistake, the necessity to always abbreviate this tickmark shows that the accountant didn't really check anything but simply assumes there is no error. PBC = Prepared By Client
EBP = Employee Benefit Plan – a common audit performed opposite busy season as a way to generate revenue when there is no work.
W/O/E = Without Error, but make no mistake, the necessity to always abbreviate this tickmark shows that the accountant didn’t really check anything but simply assumes there is no error.

]]> By: Stuff Accountants Like » Blog Archive » SAL Update: Facebook Page http://www.narrowingthegaap.com/staff/big-4-lingo/comment-page-1/#comment-22 Stuff Accountants Like » Blog Archive » SAL Update: Facebook Page Thu, 27 Aug 2009 07:13:30 +0000 http://www.narrowingthegaap.com/?p=65#comment-22 [...] We take for granted all the terminology (comments, workpapers, etc.) at SAL. For those who don’t have an accounting background, it can be difficult to follow along, so here’s a mini-glossary. [...] [...] We take for granted all the terminology (comments, workpapers, etc.) at SAL. For those who don’t have an accounting background, it can be difficult to follow along, so here’s a mini-glossary. [...]

]]> By: Drunk Partner http://www.narrowingthegaap.com/staff/big-4-lingo/comment-page-1/#comment-6 Drunk Partner Sun, 02 Aug 2009 19:54:19 +0000 http://www.narrowingthegaap.com/?p=65#comment-6 P/F/I. Pass for Further Investigation. Staff has found an exception but due to lack of budget, he needs to go to the next workpaper. TYSMFAYHW,IRAI: Thank You So Much For All Your Hard Work, I Really Appreciate It. Told by manager/partner to any staff that had stayed until 2AM and gave up his weekend while he (Partner/Manager) enjoyed golfing. P/F/I. Pass for Further Investigation. Staff has found an exception but due to lack of budget, he needs to go to the next workpaper.

TYSMFAYHW,IRAI: Thank You So Much For All Your Hard Work, I Really Appreciate It. Told by manager/partner to any staff that had stayed until 2AM and gave up his weekend while he (Partner/Manager) enjoyed golfing.

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