Monday, June 11, 2007

First week in PwC

First week in PwC just couldn’t get better. There is a three day induction course followed by a “go audit fundamental” course by the L&E department. There is absolutely no work for me. What I need to do is just to sit down and pay attention to the instructor(which I fail to do most of the time).

I was lucky to be placed in a group which I find quite happening. They are all quite outgoing and nice persons. Our group is quite a mixture, two from advisory, three from tax department and two from assurance(including me). Now the other 5 “group members” are back at work while I and kw are still attending the “go audit” course. Anyway, we still get to meet up during lunch time and during break time. It’s real fun to st(a chatting software sth like MSN) with them during the day. They create tons of jokes and definitely make my day cheerful.

I would say that I’m pretty impressive with things in PwC. Their database is very strong. You could get all information you need from the regulations(company act, FRS) to the market information(share report and all stuff). There is even an audit guide where you could search for glossary and the steps need to be taken in an audit procedure. To be honest, I start to love this company. Having attending the audit course, I am also looking forward to start work. As an auditor, detecting fraud is part of the job. And I think that detecting fraud is something that I would like to do. Lol. Anyway, our instructor - Ming Chin told that not everybody gets to detect fraud. Only around 10% of the auditors will be lucky(or unlucky) to detect fraud.

I am now seriously considering staying on at PwC and deferring my study plans. I still couldn’t make up my mind. Unless one of the top class universities accepts me, things will be easier as I would definitely go. I also get to know that if you want to be sponsored by PwC for ACCA, you could only start the exam next June. Guess I would be on my own if I decide to stay on and take ACCA. Let’s see how things go by the next few weeks. I’m sure I will hear the decisions for some of the universities.

Last but not least, I also decided to apply to University of Warwick’s MSc in Finance. This course has got a CFA partnership meaning that 70% of the CFA syllabus is embedded in the course. It’s a last minute decision to apply to this university and I need to get all the documents posted by this Saturday when I get back hometown

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