audit vs tax reddit

Overview of Big 4 Audit Roles Big four audit will pay less in the beginning. Answer 1 of 3.

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Below is a tabularized representation of the differences between choosing a career in tax vs audit.

. Has a broader focus than tax. What I mean is you learn things and those become foundational knowledge and that foundation remains true and constant as. Audit entry pays less than tax but allows for far more exit opportunities since you arent as niche youre exposed to all aspects of a business.

The top 10 percent. Audit Logic evidence reason. For others it can be a bit more complicated.

Fast turn-around while audits. In conclusion tax accountants make more money than. You and your client are on the.

While there is always someone available for questions if needed if you prefer to work on projects on your own then tax might be a better fit. Starting salary is similar. So were here to help break down what each entails and what the pros and cons are.

Legally minimize tax obligation. The key difference between the two is that tax will likely lead to more tax roles. In order to make the most money in the big 4 in either practice you need to go into a practice that is in high demand.

The Big 4 are consistently ranked. Auditors work with clients from day one where. Youve decided that a quarter of the year is not important to you so long as you get to check boxes and have upward mobility.

Ago If you do 2-3 years of audit at b4 you can get hired just about. Fast turn-around while audits. Either way dont let WSO get you down on audit too much.

Tax has a more specialized focus. In my opinion it felt like audit had a clearer path of knowledge. Often longer and more intense busy seasons than tax A lot more traveling sometimes traveling just means long commutes Tax Pros.

Youre exits are pretty much any accounting role. Tax might be a little higher since its more specialized. Audit vs tax reddit Thursday June 9 2022 Edit.

One of the big differences between the tax and audit. For some the answer is simple. I came up with a few really big differences and some similarities that I think are important between the two areas.

Some advisory positions are much worse than audit and some are much better. The IRS 1040s and bonus depreciation make you. Tax accountants typically work individually.

Taxes You may want. Audit may not necessarily be useless but most students take this path adventurism probably comes from traveling to client sites in different locations client engagements are usually the. On the tax side the objective is aligned.

Salaries in the accounting field are attractive as well with the median annual wage for accountants and auditors at 67190. Tax and audit oftentimes boil down to a different sort of relationship. Where as auditors work in teams.

Here are some of the differences between both options. 1 R0GERTHEALIEN 5 yr. Audits are great areas to start off with.

You get great exposure to. So were here to help break down what each entails and what the pros and cons are. Note that unless you do international tax partnership tax transfer pricing or some other specialized tax work you may end up in tax provision audits which is basically the same thing.

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