Ey faas reddit. I used to be in FS audit and a friend of mine as well.
Ey faas reddit but curious if I should be worried about layoffs EY Wᴇʟᴄᴏᴍᴇ ᴛᴏ ʀ/SGExᴀᴍs – the largest community on reddit discussing education and student life in Singapore! SGExams is also more than a subreddit - we're a registered nonprofit that organises initiatives supporting students' academics, career guidance, mental health and holistic development, such as webinars and mentorship programmes. NYC or bay area or san franciso, etc) it is almost double that). Hey everyone, I am a current college sophomore accounting student interested in EY FAAS- probably not leaning towards TAAG. Probably ey faas should be better. You are correct that FAAS (and other firm's equivalents) are focused on the advisory side of accounting. FAAS addresses the CFO’s agenda and provides CFOs, controllers, treasurers and audit committees with insight and services to support compliance with evolving financial requirements and help provide transparency and trust in reporting to support better decision Welcome to r/Big4, a place to discuss everything related to the Big 4 accounting firms: PwC, Deloitte, EY, & KPMG. Depends on the projects you're on hour wise. Some are closer to Advisory, some are closer to Audit, and some are just technical accounting memos a la rev rec or lease rec work. I completed the digital interview around 6 days ago and it says an EY representative will reach out to me but I haven’t heard anything yet. FAAS is a national practice so it’s less market dependent. 3b. There's not really some prior year paper to rely on. There are millions of FAAS types of jobs. 56k is enough for a LCOL area but not much else. The “dials” are a dial set up like a clock and that’s how our quarterly reviews are displ 14 votes, 11 comments. I came from audit and joined faas. I was wondering if any of you had experience interviewing with EY FAAS (or any FAAS equivalent). Members Online Manager keeps telling me (senior) and associate that we’re going over budget. the work is advisory, so its typically better and engagements are more aligned to what deal advisory is. the recruiter told me that the work was not just auditing anymore, and there were so many parts that integrated with different groups and so they were looking for a Generally speaking, EY's accounting advisory group pays less than the other big4s, but high 90s still seems too low if this is general FAAS. She was trying to hard sell me on EY FAAS which I haven't looked into, saying I was a great fit, etc etc if I really wanted to challenge myself. Absolutely a growing field, while Rev Rec and Leases will be the hot issues for the next 1-3 years, these practices have existed before (around 05/06) and will continue after. FAAS for some reason does fall under the assurance umbrella at EY but it's still advisory work so hours are project driven and much more manageable than in audit. Oct 23, 2024 · EY’s FAAS teams support you in determining, monitoring and disclosing financial and nonfinancial insights for your stakeholders. EY FAAS Exit Opportunity Hey guys, about to start working in EY financial accounting advisory services (FAAS) as a graduate this September, but I'm considering other exit routes such as restructuring, strategy consulting in firms like Alvarez and Marshal, FTI and Alixir is it possible and if so how? 295 votes, 423 comments. I would’ve never experienced some things such as ipo experience, helping clients implement controls, etc. I also don’t feel like a necessary evil anymore since I can see the value I provide for my clients. EY did major over hiring for vision 2020 but that was mainly audit/tax. FAAS is also staying as part of EY pretty sure, if other people remember please confirm. I hear a lot of people talk about how much better FAAS/CMAAS are, but they're almost always from ex-audit people. I have a feeling that this will be more technical than my core audit interview (which was 100% behavioral), but exactly how technical will it be. With audit you do the same stuff every year. 3a. Consulting work (eg management consulting) is separate from advisory I have worked in EY now for approx 7 years from A2. I have a public audit internship lined up for this summer, and would be applying to FAAS internships for the summer of 2026. Being told that complex accounting group within AAS and EY TAAG is a safer choice because of the way things are right now and both those groups provide audit support (job security) but I really don't enjoy technical accounting much. For all non EY employees compensation rankings were: below expectations, met expectations, above, significantly above. If you have the chance to start directly in FAAS I would recommend that you do it. I used to be in FS audit and a friend of mine as well. FAAS is also bigger in terms of bodies so easier to get into. if I didn’t join faas. Certain FAAS projects are more challenging and require some/more understanding of technical accounting. It’s ok, you get like a 25% pay bump and can work on anything as boring as the new lease standard to transactional accounting such as divestitures, bankruptcy , etc I do work from home a lot, have no more busy season and much more free time to do things that I could never do before in audit . I’ve been one to bitch about pay for the last little bit but EY seems to actually be paying up for what a staff is worth. I’m a EY FSO FAAS senior 3 with 65% YTD utilization, I’m a bit worried. true. EY FAAS Senior Interview I recently was reached out by a recruiter to interview for a senior position in the FAAS team. Those 4 categories were what determined the compensation raise. Is there any technical accounting material that would be beneficial to brush up on before this? Yes absolutely. From what I gathered from the recruiter, the group was expanding and that was why they were hiring a lot. At least from what I've read, most people in this sub would say that it's simply more hours/more work for the same or marginally higher pay. I am tagged to an upcoming project pending SOW signing but been on the bench for a while. SaT pays more. I am on track to get my Master of Accounting right after undergrad to become CPA eligible. Does anyone have any experience working with FAAS, what are different career paths compared to a traditional audit path? I am doing a rotation in FAAS (financial accounting advisory) and I’ve heard previously that the hours are much better, however I know right now it seems every service line is really hurting with long hours and tough workloads. If you search for FAAS in the sub some stuff should come up. Also, there’s a lot of work with fiscal year-end clients and rev rec as well as the leases update coming up. In my area which is quite a bit cheaper than NYC, FAAS only made about 5% more then audit for internal transfers, if you were an outside FAAS hire you made about 5% more then audit + 10% for joining from another firm. All about mindset, be open to learn new things and take the small victories. Most of the FAAS work will be very heavy on accounting, you likely won’t be doing much finance type work. Regardless of the lowest amount you'd actually be willing to accept, I'd ask for at least $110k. I wouldn’t be shocked to see lower domestic hiring numbers at these salaries, though. I chose SaT. I work in RSMs version of ey faas, and its nice because the hours aren't as crazy as audit or deal advisory (they're more spread out throughout the year) You gain way more exposure to business processes when working in faas. After she transferred into FAAS, she shared some insight with me including: FAAS is less repetitive in nature and more project based. I have worked in EY US (Boston) for a year now it is different but it is all about finding a good team and then the rest just comes from that. I'm a relatively new campus hire who started back in July of 2021. FAAS is more technical accounting SaT is more finance/consulting. If you're on IPOs, carve outs and transactions all the time, hours will be comparable to audit busy seasons. The rest of the firms, their comparable group is under advisory - no idea why EY is being weird about it. Recently I've been talking with people in FAAS (Financial Accounting Advisory Services) working at EY and it's something that is kind of interesting to me. This doesn't seem half bad imo. Hello. I was wondering how easy or difficult for me to switch from Tax over to FAAS around the 1 year mark or so. e. Non-FSO FAAS might be a littl For the moment FAAS seems pretty safe. The 6 years was EY Denmark and that was fantastic. I have great reviews and I’m part of lot of internal solutions and campaigns…. To give you more insight on the US cost of living, our average salary is 56k but to afford to live on your own in a large city (i. You can learn about what auditors look for while in FAAS but the opposite is not true. While working in the general client-service, life-draining, resume prestige-collecting period of your life, you want to get broad exposure to as much as you can to get to know yourself and see if a certain industry grabs your interest for reasons you won't always be able to predict at this point in time. . If it was like my AAS interview, basically they'll ask you the general behavioral questions, have your storeis and STAR method ready, and then they'll ask about your experience/desire to work on technical accounting issues. SaT is having a rough time right now with work. I talked to a recruiter for an experienced role in EY for audit, pretty standard stuff. Here are different FAAS jobs: Carve out support and then additional 10-Q or 10-K support Remediation support A high up referred me to EY and I got an interview with a recruiter- this high up person never gave me a job description. Whats the catch? For splitting time between audit and FAAS, it's up to you if you want more FAAS exposure or less but majority of the year will be audit. Also, be sure to search for FSO. qaq kfx cnktv vvdphc boddj mesybay jxpgfyas wfgzxi dbi xgkzk