Pinoy Auditors and Accountants abroad!!!

[ironwill20]

Guys...this is our thread.....share naman ng experience nyo career and life saan paning man ng mundo...

To start off---currently i am working as senior auditor sa Deloitte Chicago offoce....2 years na ako dito and i worked sa Makati for 2.5 years as auditor as well prior to my current job....
dito sa US, chicago...feeling ko wala work-life balance...tindi ng competition...everyone needs to be tough... a lot of people saying medyo laid-back daw sa europe...kaya nga i am thinking of moving there sometime in the future....

hope i hear from a lot of pinoy auditors and accountants....

[schizo_me]

busy ata mga auditors and accountants... no time for pex :lol:

[speeka]

Hi! Local lang ako pero gusto ko din mag abroad.. Kaya lang 1 yr lang ako sa audit eh.hehehe. Possible kaya na ma hire ako sa mga audit firms abroad or kahit hindi audit basta sa US. :D kasi usually 2 yrs audit experience requirement... I'm sure naman meaningful experience din naman yun work ko ngayon eh kahit non-audit. hehehe.

[paggi10]

sabi nga nila kaya daw nagtitiis yung iba sa audit firm e para madali matanggap abroad. hindi ko alam kung 1 year ay pwede na. yung mga nabalitaan ko lang ay usually 3 years auditing experience :) pero kung hindi naman audit ang linyang papasukan mo abroad, baka ok pa rin. may mga relatives ako na auditors dito, pero pagdating dun accountant. ok pa rin naman ang processing ng papers nila :)

[Larry Tan]

Hi ironwill, based on your experience, do you think taking CIA or CMA while in the Phils. will be an advantage when you work abroad? Do you still need to take the CPA Board Exam in the U.S. or Chartered Accountant in London to do well in those countries?

[comrade5031]

Guys...this is our thread.....share naman ng experience nyo career and life saan paning man ng mundo...

To start off---currently i am working as senior auditor sa Deloitte Chicago offoce....2 years na ako dito and i worked sa Makati for 2.5 years as auditor as well prior to my current job....
dito sa US, chicago...feeling ko wala work-life balance...tindi ng competition...everyone needs to be tough... a lot of people saying medyo laid-back daw sa europe...kaya nga i am thinking of moving there sometime in the future....

hope i hear from a lot of pinoy auditors and accountants....

Hi ironwill, based on your experience, do you think taking CIA or CMA while in the Phils. will be an advantage when you work abroad? Do you still need to take the CPA Board Exam in the U.S. or Chartered Accountant in London to do well in those countries?

and which do you think would be highly acceptable abroad, CIA or CMA? thanks

[ironwill20]

and which do you think would be highly acceptable abroad, CIA or CMA? thanks

Hi again.. sobra busy ko kasi last month tapos ng-holiday pa kaya di ako nakacheck ng postings here.... para sa akin mas may edge at opportunities ang CIA sa abroad compared sa CMA kasi ***** mas nagiging extensive ang internal audit works at lumalaki ang coverage nya, marami work para sa internal auditors pansin ko. you might want to check monster.com, parang ang dami demand sa internal audit. Requirements karaniwan is CIA or CPA, advantage with big 4 experience.

Kung CPA ka sa Pinas, di ka CPA sa abroad..kelangan mo pa kumuha ng AICPA exams for US or CA exams for europe. I actually just passed my AICPA exams here kasi requirement sa job ko. Malaki advantage sa work na certified ka kaya depende sa field mo (either public accounting, internal audit, etc), aim to get certified.

Kung CIA ka sa pinas, dapat din un backrgound and experience mo is internal audit either sa big 4 or sa malalaking company para makabuild ka ng specialization mo...

[ironwill20]

Hi! Local lang ako pero gusto ko din mag abroad.. Kaya lang 1 yr lang ako sa audit eh.hehehe. Possible kaya na ma hire ako sa mga audit firms abroad or kahit hindi audit basta sa US. :D kasi usually 2 yrs audit experience requirement... I'm sure naman meaningful experience din naman yun work ko ngayon eh kahit non-audit. hehehe.

US market and human capital is very competitive, para sa international resource, dapat he is really experienced in his field. minsan nga kahit 3 year experience ka pa, parang kulang pa rin. The best way is to build your career by having maybe 3 years experience and get international certification like US CPA or CIA.

[Galvantic@STS]

i think SOLID work experience ang hanap ng mga US firms. i know one cum laude from a very prestigious university in diliman na nagaapply sa mga accounting firms sa US since 2005, pero until now hindi pa rin natatanggap, kasi chop chop ang work experience nya. 1 yr audit (sgv), 1 yr IT (accenture), 6 mos sa isang law firm (?), 1 yr Finance (P&g).

eh yung friend kong bulakbulero sa lasalle na antukin dati nung college dati :lol: nasa New York ngayon sa BDO International accounting firm.

2.5 years straight kasi s'ya sa SGV.

[ironwill20]

i think SOLID work experience ang hanap ng mga US firms. i know one cum laude from a very prestigious university in diliman na nagaapply sa mga accounting firms sa US since 2005, pero until now hindi pa rin natatanggap, kasi chop chop ang work experience nya. 1 yr audit (sgv), 1 yr IT (accenture), 6 mos sa isang law firm (?), 1 yr Finance (P&g).

eh yung friend kong bulakbulero sa lasalle na antukin dati nung college dati :lol: nasa New York ngayon sa BDO International accounting firm.

2.5 years straight kasi s'ya sa SGV.

Totally agree with you.. kelangan is solid experience sa yung field. i tell you...having a solid big 4 experience plus international certificatoon...malaki ang laban...

[schizo_me]

is there a chance na makapag US din kahit walang experience sa Audit ?

[chep21]

Hello guys! Our company, watson wyatt asia pacific & ww phils. are in need of CPAs. You can send your resumes to me at: manche25@yahoo.com

You can browse our website:

http://www.watsonwyatt.com

Thanks.

[ironwill20]

For those interested pala to take Uniform CPA exams ng US, may testing center na close sa PH, which is CNMI (Marianas Islands), i think, flight is 4 hours lang from Manila.

For further details, check this site - www.cpa-exam.org

[demented_guy]

Kailangan ba ng US Visa sa CNMI? I want to take the US boards. Lalaki ba chance ko pag CPA na ko na makapag-work sa States?

[ironwill20]

I think may sariling entry requirement ang CNMI. Dito na kasi ko sa US, kaya dito na ako ng take. Big deal dito sa US pag may US CPA ka...sobra laki ng chance mo na makakuha ng mahire at makakuha ng maganda position. Kasi dito sa US, *** mga accounting students, di naman lahat ngtatake ng US CPA... karaniwan un *** sa mga nasa public accounting.

Eto pala link regarding US CPA sa CNMI http://www.dole.gov.ph/news/details.asp?id=N000001904

I would say, kung nasa Pinas ka, it would be a lot cheaper kung sa CNMI ka mgtake ng US CPA. Basta take mo lang 4 parts in a week time... kaya naman...

[demented_guy]

Sir, anong books ang magandang basahin to prepare for the US boards? Ta-try ko mag-take. And paano mag-apply (e.g. procedures, documents needed)? Thanks.

[ironwill20]

for application process and procedures.. you may visit www.cpa-exam.org

Iba iba ang application process per State. most states require 150 education credit hours (5 year course degree, or combinaton of 4 year and a 1 year master). So if wala ka nito, dun ka sa sa states na pwede 4 year course...like sa California, New Hampshire, NY and others... nasa website yan.

Review materials, marami. I used Bisk review material (a lot cheaper) pero marami dito prefer the expensive Becker.

[Larry Tan]

Sir, anong books ang magandang basahin to prepare for the US boards? Ta-try ko mag-take. And paano mag-apply (e.g. procedures, documents needed)? Thanks.

Akala ko ba ayaw mo ng audit-related work, at nababato ka sa SGV, bakit gusto mo pang mag US CPA?

[Larry Tan]

Hi ironwill, i suggest, for the benefit of the other pexers, that you share your experience from the time you are studying/reviewing in Manila, working in an auditing firm in the Phils., getting to the U.S. (how?), and working in the U.S. Also your future plans.

[demented_guy]

Akala ko ba ayaw mo ng audit-related work, at nababato ka sa SGV, bakit gusto mo pang mag US CPA?

Sir, di naman po ako mag-auaudit na. Para lang tumaas ang stock value ko sa US. May edge daw kasi pag CPA ka dun.

[Larry Tan]

Sir, di naman po ako mag-auaudit na. Para lang tumaas ang stock value ko sa US. May edge daw kasi pag CPA ka dun.

Read ironwill's comments carefully, the value of the CPA title is hinged on you having a solid work experience (in auditing). Without solid work experience, even if you pass all the certification exams there, it will have little value.

I think ironwill was very candid with his comments, it was based on his observation while working there.

[Larry Tan]

Hi demented guy, read ironwill's comments at the career & networking thread for accountants.

[fddiric]

Hi ironwill, i suggest, for the benefit of the other pexers, that you share your experience from the time you are studying/reviewing in Manila, working in an auditing firm in the Phils., getting to the U.S. (how?), and working in the U.S. Also your future plans.

i agree. we're waiting for the story, heheh.

[fddiric]

ironwill, i just read ur "story" from the other thread.
sa working in UK yata.


do we have an IT Auditor here?

[ironwill20]

i agree. we're waiting for the story, heheh.

Hi ironwill, i suggest, for the benefit of the other pexers, that you share your experience from the time you are studying/reviewing in Manila, working in an auditing firm in the Phils., getting to the U.S. (how?), and working in the U.S. Also your future plans.

Thank God I survived another busy season. Tagal bago ako makaresponse at hukayin ang thread na ito. highlight ko na lang *** important happenings sa career ko...

I graduated BS Accountancy in March 2001 from a provincial college not known to many...hehehe... I was among the Batch 2 of ReSA (andun pa *** Roque bros nun....) and took Oct 2001 CPA exams. I passed the exams with a decent grade.... i think medyo mataas, mga konting tama na lan baka nakapasok ako sa top 20...hehehe. Because I can't afford to launch my career in Makati (wala ako start up money). I decided to look for jobs locally and within our province. I worked for 1.5 yrs in a multinational korean manufacturing company in our town and was able to experience major area of accounting...the last I handled before I left the plant were Financial Reporting and Taxes.

Ayun, dahil nakaipon na ako, I decided to look for big 4 jobs. Gusto-gusto ko nun talaga sa PWC...kaso...dedma lang sila sa application ko (dahil ba sa provincial school lang ako?..hehehe)..i also applied sa SGV kaso ang nakakinis...alam naman audit *** in-aaplyan ko...pero pinaluwas pa ako ng Makati for exam and interview tapos sa huli they said that the job is internal audit na ilalagay sa client nila...ayun...decline ko...sayang ang oras, pagod ko...Also applied sa KPMG and P&A...wala rin... kaya ayun...i landed sa Deloitte na that time ko lang narinig (9/2003)...For 2.5 yrs i worked sa Deloitte Makti and I enjoyed my job. I learned the craft and I was given challenging clients and I gained solid audit experience... nung 2005, senior na ako nun, dun na ng boom ang pag-aabroad at every week i would hear "uy si ganito...tanggap na sa Ireland..etc.." At dun ko na sinikap ang paghahanap ng jobs abroad...dapat nga idagdag sa charge-code ng mga auditors bukod sa pag-friendster *** time spent sa paghahanap ng work abroad...hehehe. Akala ko nga nun matatangap na ako sa sa ME at sa Ireland nun...kasi puro interviews ang ginagawa ko pero kulang pa rin...labo naman kasi that time na matanggap sa Deloitte affiliated office kasi kelangan ng local office approval....pero dahil frustrated ako sa job-hunting ko... I sent pa rin may CV sa Deloitte US via e-mail directly sa US local office HR recruiter....very effective and positive ang response...i had phone interviews sa SFO, NY and Chicago office. Kaso masyado yata ngmamadali ang CHicago office and every other day may development sa applications ko... I've gone though interview with the HR and after that they contacted Makati office regarding the application I was pursuing... After explaining my side to one of Makati partners (i think sya ang HR partner), they gave me clearance to continue with the recruitment process. Ayun, i was interviewed then by a US partner (mga 1 hr phone interview) and the next night, i got a job offer as an Audit Senior in Chicago office. Nagulat nga ako kasi i remember it was Oct 19, '05 when i sent my CV, by Nov 2, '05, i already got the job offer and set to start on Jan 3, 2006. I got work visa under L1-A status.

Jan 3, 2006, nag start ako sa Deloitte Chicago. Mahrap sa simula kasi..wala pa ko car eh ang lalayo ng clients ko tapos winter pa...hay...para akong kawawa nun..at sinumpa ang snow (***** tawa na lang at i just charged it to experience)...nung nagka drivers license na ako at may car na...medyo naging maayos na rin at nakapg-adjust na sa work...My work here in the US exposed me to real audit work...dun ko na realized how stringent here pagdating sa audit documentations, requesting audit evidence and how you rationalized client's representations...Dito, client ang gumagaw ng FS so review ka lang talaga ng draft financials. Dito ko rin sa US naramdaman how clients value their auditors and kahit mga staff ko iba ng respect na binibgay ng clients. Sa Pinas, ang angas nung ibang accounting staff at ang CFO, Director, Controller...sa partner or manager lang kakausap...sa US...walang position...kahit staff ko punta directly sa CFO or kahit sino basta kelangan sa procedures. Dito sa US dahil sa sobra dami ng procedures and required documentations, konti lang clients namin...like for myself, I have 1 Public client (with quarterly audits) and 2 private clients all throughout the year. In terms of work hours, parang parehas lang sa pinas...kahit ilan lang clients mo, dahil busy season, we work averaged of 70-80 hrs a week (including saturdays). Certifications? Hindi requirement sa Seniors and Staff ang pagiging CPA...pero para maconsider ka for manager position, dapat my US CPA ka (hindi recognized ang Phil CPA natin in most US states). Kaya nga ngpursue ako maging US CPA para makconsider for promotion as Audit Manager by fall....hindi ko masasabi anu chances ko pero I am hoping... if not...I will wait another year..i guess....hehehe..

future plans??? i don't think i will be in audit for long time...pag siguro nakuha ko na green card ko (mga less than 2 yrs from now)...consider ko na lumipat sa private - wala work life balance sa audit...gusto ko naman enjoy ang buhay ko and do other things after 5 pm...

ayun lang.....
--------

[ironwill20]

Guys...this is our thread.....share naman ng experience nyo career and life saan paning man ng mundo...

To start off---currently i am working as senior auditor sa Deloitte Chicago offoce....2 years na ako dito and i worked sa Makati for 2.5 years as auditor as well prior to my current job....
dito sa US, chicago...feeling ko wala work-life balance...tindi ng competition...everyone needs to be tough... a lot of people saying medyo laid-back daw sa europe...kaya nga i am thinking of moving there sometime in the future....

hope i hear from a lot of pinoy auditors and accountants....

--wala na ako balak lumipat sa europe...I went to UK last december and base sa observation ko...mas okay sa US (cost of living, salary, filipino connections, etc).... mas mahohomesick ako sa UK.... and besides, na appreciate ko na ang lifestyle dito sa US...

[Larry Tan]

Thank God I survived another busy season. Tagal bago ako makaresponse at hukayin ang thread na ito. highlight ko na lang *** important happenings sa career ko...

future plans??? i don't think i will be in audit for long time...pag siguro nakuha ko na green card ko (mga less than 2 yrs from now)...consider ko na lumipat sa private - wala work life balance sa audit...gusto ko naman enjoy ang buhay ko and do other things after 5 pm...

ayun lang.....
--------

Since there is no work life balance in audit, how's the lovelife of a Filipino auditor in US soil?

[icasean_2003]

hi guys!! bago lang me ** sa pex..gandang basahin ng mga comments..im planning to take CPA review for the 2nd time..before kc that was 2003 CPAR ako, unfortunately d me pumasa sa..*** ba magandang review center *****? which is better, take a refresher's course muna kc d na me updated sa ***** kung anong bago sa field natin, or take the review? pls help me. thank you guys!!!!

[Tanyah]

San b tlg maganda magwork? sa US or sa Europe?

[buwi_123]

hi ironwill.. san ka chicago? i'm here in seattle,washington.. im homesick right now because i keep on being reminded of hte girl i've left in the PI. sometimes i find it hard to work.. whenever im sad, i just keep remembering the happy days i have with her back then. but just the same, i find it hard to deal with the fact that she's a thousand miles from me.. ikaw, how do you cope up living there for almost 2-3 years now. do you miss your family often and do you also have a special someone you left behind back home? :)

[poetspeak]

Hi guys, for all PEXers who are currently looking for a financial analyst career who wanted to have training in singapore. Please send your CV at recruitment@emerson.com

We are in need of you.
Thanks,

Emerson Corporate Recruitment Team

[ironwill20]

hi ironwill.. san ka chicago? i'm here in seattle,washington.. im homesick right now because i keep on being reminded of hte girl i've left in the PI. sometimes i find it hard to work.. whenever im sad, i just keep remembering the happy days i have with her back then. but just the same, i find it hard to deal with the fact that she's a thousand miles from me.. ikaw, how do you cope up living there for almost 2-3 years now. do you miss your family often and do you also have a special someone you left behind back home? :)

Dito ako sa nortside ng chicago...mahrap..nakakahomesick talaga sa simula...mag 3 years na ako..medyo na ka adopt na... my dad and younger brother was able to visit me for 2 months this spring...enjoy naman...lungkot lang at bumalik na sila sa pinas...student pa kasi utol lo... i had special someone ....kaso we just ended up the relationship...it was a year of long distance and time zone difference challenge....also given the nature of my job...it just didn't work out well. I hope, you are able to handle your relationship well.... I assume accountant ka din?

[nintendoboy]

Dito ako sa nortside ng chicago...mahrap..nakakahomesick talaga sa simula...mag 3 years na ako..medyo na ka adopt na... my dad and younger brother was able to visit me for 2 months this spring...enjoy naman...lungkot lang at bumalik na sila sa pinas...student pa kasi utol lo... i had special someone ....kaso we just ended up the relationship...it was a year of long distance and time zone difference challenge....also given the nature of my job...it just didn't work out well. I hope, you are able to handle your relationship well.... I assume accountant ka din?

kamusta naman buhay tate, ironwill20? ano bang tip maibibigay mo sa aming nagbabalak na lumipat ng tate, yung pinakamabilis na paraan para ma hire kami H1-B visa diyan? salamat sa pag share ng ideas........

[nintendoboy]

maganda din po ba sa Canada mag worK? especially sa Vancouver?

[nintendoboy]

up for this thread!

[ironwill20]

kamusta naman buhay tate, ironwill20? ano bang tip maibibigay mo sa aming nagbabalak na lumipat ng tate, yung pinakamabilis na paraan para ma hire kami H1-B visa diyan? salamat sa pag share ng ideas........

To be honest...hindi na ganun kadali makapasok sa US as auditor...you will see they don't have much opening for Senior or Manager position...Like sa firm namin...hindi rin naaaproved *** office transfer, kasi walang masyadong need nga. Madami rin kasi makukuha from local candidates...pero i suggest while ganito *** situation...continue building up your credential....have expertise in certain industry (e.g...oil & gas, construction, or healthcare)
or certain accounting matter (e.g. financial instruments, and FV accounting etc). Big 4 experience....*** malalaking firm they could sponsor for L1 visa for candidates from their affiliated foreign office, wala cap un at mabilis. I suggest while walang H1B...apply ka sa afficliated company mo sa US to get L1 Visa. Also...another eye catcher sa mga recruiter pag may US CPA ka.... so you might want consider taking US CPA.

[nintendoboy]

To be honest...hindi na ganun kadali makapasok sa US as auditor...you will see they don't have much opening for Senior or Manager position...Like sa firm namin...hindi rin naaaproved *** office transfer, kasi walang masyadong need nga. Madami rin kasi makukuha from local candidates...pero i suggest while ganito *** situation...continue building up your credential....have expertise in certain industry (e.g...oil & gas, construction, or healthcare)
or certain accounting matter (e.g. financial instruments, and FV accounting etc). Big 4 experience....*** malalaking firm they could sponsor for L1 visa for candidates from their affiliated foreign office, wala cap un at mabilis. I suggest while walang H1B...apply ka sa afficliated company mo sa US to get L1 Visa. Also...another eye catcher sa mga recruiter pag may US CPA ka.... so you might want consider taking US CPA.

thanks sa reply pre.

medyo chop chop kasi work experience ko e, may sa BIG 4 firm, then as a financial analyst and then as a consultant in an IT company.
medyo mahirap mag specialize kaya naghahanap ako ng work sana sa Canada or US.

hows the cost of living and way of life sa US pre?

[LyricMuse]

Hi.

Does anyone here know of a vacancy for an accountant in Malaysia? I'm moving there by August and bf wants to follow me there. He's a CPA, and is currently working for 1 year and 1 month now at a petroleum shared services center here in Makati, handling accounts payabale for Asia-Pac region. he also had 1 yr and 10 months work experience at a Deloitte Makati. Baka kilala mo pa siya @ ironwill. hehe.

If you do know of any opening in malaysia (or singapore, pwede na rin. malapit lang naman yun to MY), please let me know. Thanks so much!

[meowskii]

hello,

Im a CPA too and has just resigned from a Big 4 Company here. Will be working sa DC as a senior auditor pa rin.

[ironwill20]

Hi.

Does anyone here know of a vacancy for an accountant in Malaysia? I'm moving there by August and bf wants to follow me there. He's a CPA, and is currently working for 1 year and 1 month now at a petroleum shared services center here in Makati, handling accounts payabale for Asia-Pac region. he also had 1 yr and 10 months work experience at a Deloitte Makati. Baka kilala mo pa siya @ ironwill. hehe.

If you do know of any opening in malaysia (or singapore, pwede na rin. malapit lang naman yun to MY), please let me know. Thanks so much!

Hi...bakit naman malaysia? I heard SG is top destination ng auditors sa south east asia. 3 yrs na ako wala sa deloitte ph so...alis ako dun nung 2005...so di ko sure if nag-abot kami ng bf mo.

[LyricMuse]

@ironwill:

I'll be in malaysia pretty soon as an IT Recruiter. Hence, he wants to go to Malaysia to follow me there. though kung SG nga, mas madali for him coz he has friends and former-Deloitte officemates there na.

btw, he was there from Sept '05-June'07. baka nagpang-abot pa kayo. but he wasn't in Audit. sa consulting siya.

[nintendoboy]

ironwill ask ko lang kung pwede bang from private company tapos babalik sa audit? may tumatanggap kayang mga big 4 firms dyan sa mga ganong cases?

[LodRose]

NB: meron at pwede.

ganun ang case nung iba kong friends sa cunanan before. hindi sila nag-enjoy sa corporate eh (masyadong routine siguro).

good luck!

[nintendoboy]

saan saan sila nagsiaaply lodrose? if abroad, anong firms ang pinasukan nila?

kadalasan kasi naeencounter ko e medyo gusto nila galing din ng BIG 4 ng pinas e. kapag private companies yata parang madalang sa minsan sila magsi-entertain ng applications.

ikaw ba, nasa private company ka na ngayon?

[LodRose]

galing kami pwc dun sa pinas
tapos corporate sa pinas
tapos siya lumipat dtt sg
tapos lipat some audit firm sa california
tapos lipat pwc new york - astigin e

*** isang galing rin pwc pinas
lipat corporate rin pinas
tapos balik saglit pwc pinas
tapos lipat pwc nz

*** isa galing rin pwc pinas
lipat corporate sa guam
tapos lipat corporate california
tapos punta naman some audit firm california

ehehe...buti na lang di ka stalker ano...private company, but neither accounting nor audit but IT. theoretical na lang gamit ko jan these days.

[rfmafia]

hello,

Im a CPA too and has just resigned from a Big 4 Company here. Will be working sa DC as a senior auditor pa rin.

Parang familiar name mo? :) Sang Big 4 ka galing?

[meowskii]

rfmafia,


SGV ;)

[nintendoboy]

SGV din ako meoskii,

saang BIG 4 ka sa DC? tumatanggap ba sila ng Associate Auditors sa inapplyan mo? pano ba mag-apply dun? hehehe

[nintendoboy]

@lodrose, maganda yang napasukan mo IT, ako gusto ko talaga sana sa IT audit eh, napadpad ako sa consultancy.

anong company ka dito sa dubai? ipasok mo naman ako sa company nyo hehehe

pero gusto ko talaga sana after ng contract ko sa current company ko (2 years) e, mapunta nako sa US or Canada....sana lang...

[LodRose]

MSFT - try mo - i hear they're always hiring here kse growing ang market dito sa gulf :-)

[nintendoboy]

MSFT Macalester Students for Fair Trade
MSFT Master of Science in Family Therapy
MSFT Microsoft (stock symbol)
MSFT Movimento Sociale Fiamma Tricolore (Italy)
MSFT Multi-Stage Fitness Test
MSFT Multimodal Ship Familiarization Tool

which of the above? hhehehe
pano ba mag-aaply sa inyo? ano website nyo?

[LodRose]

choose the best answer

tapos i-google mo website

hah! try mo lang i-google! mortal sin! lol.

[nintendoboy]

hehehe teka bakit ba ako nagtatanong neto e sa CANADA at US ang target ko hehehe nways thanks LR, i might recommend your company sa ibang kabaro natin dito na naghahanap ng work

gusto ko sana bumalik sa IT audit e, nasa IT audit kasi ako sa SGV nun e

[LodRose]

e bakit naman kasi di ka pa nag-a-apply!?

pde naman mag-send applications online.

hobby ko un ever since, run ako nakakatsamba, 3 companies hired me so far from online applications.

[grim_reaper1814]

ironwill, i just read ur "story" from the other thread.
sa working in UK yata.


do we have an IT Auditor here?

ako po it auditor pero bago pa lang po! hehe

[wacky_wacks]

it auditor here too..
hi Lodrose, dating kang cunanan diba?nababasa ko lang. hehe. IT audit ka ba dati?

[ironwill20]

ironwill ask ko lang kung pwede bang from private company tapos babalik sa audit? may tumatanggap kayang mga big 4 firms dyan sa mga ganong cases?

Hello....baliktad kasi oras natin at ***** lang ko na online...

there are cases naman na they hire those coming from private...iba lang din ang edge pag straight audit frim ka with solid experience.

As for the timing for sending applications...if you will apply sa mga affiliated firms sa US, mas may chance kasi they coud give you L1 Visa. Wala na kasi H1B visa now kaya malabo if non -affiliated firm. You will wait another year.

I have no info regarding canada...pero try mo rin magsend ng CV dun..

[LodRose]

it auditor here too..
hi Lodrose, dating kang cunanan diba?nababasa ko lang. hehe. IT audit ka ba dati?

yup sa ex-cun (hahaha) at nope sa IT audit. na-enjoy ko rin naman ang pure, unadulterated external audit bago ko nasabi sa sarili kong it's not for me.

[nintendoboy]

e bakit naman kasi di ka pa nag-a-apply!?

pde naman mag-send applications online.

hobby ko un ever since, run ako nakakatsamba, 3 companies hired me so far from online applications.

hahaha hobby ko na rin yan ngayon lodrose! :lol:
kaya sisimulan ko na paghahanap ng work sa malamig na CANADA hehehe........

[wacky_wacks]

Hi nintendoboy,

Makati-based ka ba sa ngayon?anong firm ka?
Anong sites ka ba nagpapasa? Gusto ko rin sa canada sana..hehe..

[wacky_wacks]

@nintendoboy Sorry hindi ako nagbabasa, nasa dubai ka pala. hehe..

@LodRose gaano ka po katagal sa audit?may patutunguhan ba ang it audit ko?hehe.

[LodRose]

^

you make your own patutunguhan, especially if you really like what you're doing...

more or less 5 years rin ako sa audit and personally it still helps to have an audit perspective on any business process & reporting task that you do...

eh ang impression ko kasi sa IT audit, parang consultative lang, so what kung may findings? you don't have actual participation on "making things right"...

oh oh bago mag-amok mga IT auditors rito at i-flame ako na nanglalait, yun lang kasi basa ko sa mga nakasalamuha kong nasa karerang yan...i could be wrong...

[wacky_wacks]

walang on participation on "making things right" dahil findings mo lang iprepresent, unlike FS Audit na may PAJE, tama ba ko?

I agree that my own decisions/choices will determine where I will be going. I'd like to work abroad sana kaso I'm not sure if I'm taking the right road. Parang hindi ako fulfilled sa ginagawa ko?haha..sabi nga kanina nun kasama namin, sa FS audit kasi merong kang FS na output, sa IT Audit may findings pero hindi naman lumalabas sa FS hehe.. Confused ako, need advice from the experienced guys like you hehe..

[nintendoboy]

sa akin lang kasi, depende yan sa kung saan ka masaya, it doesn't matter kung you have "participation".....so what kung wala kang napoproduce na FS? hindi dahil sa ang IT audit e walang output, wala na silang participation, dahil ang IT ay part ng decision-making process ng isang company in general...kumbaga lahat ng auditors in different fields ay mga members working together to create one big volume of output.

yun e sa king kuro kuro po lamang.....basta kung saan pakagay loob mo at masaya ka, yun ang ikauunlad ng buhay mo pre

[LodRose]

^ wacky, medyo worried lang ako na ang gusto mo lang per se ay mag-work abroad without an actual career direction...

i was not talking about proposed adjusting journal entries on making things right...so i guess "guilty" ako sa experienced part...

kasi alam mo, *** abroad-abroad, side issue na lang yan e, yung gagawin mo 8 hours a day 5 days a week yun ang main issue

dapat enjoy ka talaga so you need to find out first kung saan mo nakikita ang sarili mo doing the same/different things over and over again for the rest of your working life before committing to a certain path (corporate accounting, finance, internal/external IT audit, entrepreneurship, management consultancy, academe, systems etc.,)

ako, i tried all of those things i listed there (except for academe, but i did train people along the way) and it led me here...kasali ang confusion sa adventure.

so bottomline payo ko bro, alamin mo muna sarili mo...pag nakapili ka na tsaka ka umaksyon because the road you take is your own. pag nalito ka pa rin kung pano magsisimula, tanong ka ulit.

i'm sure the PEx auditors and accounting community can help you one way or the other.

share ko na rin dito madalas kong sabihin sa mga alaga ko: ang payo ko ay akin bago ko pinasa sa iyo. pag sinunod mo ang payo ko, patok man or hindi, desisyon mong gawin yun so panindigan mo...

good luck...

[wacky_wacks]

thanks thanks!

Hindi sa pagmamayabang, sa pagkakakilala ko naman sa sarili ko kaya kong tahakin ang kahit anong landas and mag-excel at the same time. Nothing is difficult if you put your heart into what you are doing.

As to the abroad thing, pumapasok lang sa isipan ko yun kasi hirap ng buhay dito sa pinas. Alam mo naman rate ng sweldo ng auditors sa pinas. Haay, career path at financial kasi ang nagpapagulo sakin. Medyo may dire need kasi for finances kaya naaiisip kong mag abroad. As to experience, alam ko naman hilaw pako though I know some na nakapag abroad kahit one year experience. Time kasi kalaban. Yun lang. Thanks sa payo! ^^

I really appreciate pag may nagpapayo sakin. Thanks thanks!

[meowskii]

@nintendo boy:

I applied online. The employer flew to manila to conduct the interview. We passed, pero syempre depende pa rin sa lottery. By God's grace, we were selected and our visas were subsequently approved. Yes tumatanggap sila ng associate. Isa sa mga kasabayan namin was just an associate. 2 years lang siya sa SGV and position nya sa US is "staff II". Yun lang, our employer specializes in NOT FOR PROFIT COMPANIES. So you have to have an experience in auditing not for profit companies.

[ironwill20]

wacky_wacks

I know what you feel... main reason ko why ako ngabroad is hirap ng buhay and sa finances...gusto ko naman maangat ang estado ng family ko.... FS auditor din ako dito gaya sa pinas...pero mas enjoy ko work nung nasa pinas ako...madami tawanan sa office kahit maramo work... pero later on narealize ko talaga aside sa salary...mas nagiging makabuluhan ang work ko sa US...kasi mas nafeel ko kung anu ang kahalagahan ng work ko... un tipong di lang basta makaissue ng financials.... *** ibig sabihin ng independence in mind and appearance (sa pinas kasi parang wala ng independence kasi tayo din ang gumagawa ng FS...pero pag binasa mo ang opinion natin we say it is mgt responsibility....patawa di ba), *** kahulugan ng audit quality na hindi 20 ang clients in a year..... in short there are more things to discover sa work...

IT man or FS audit...malaki contribution..


i'd say.....think which path you want and then develop mo *** sarili mo dun... experience always counts..... i just passed my 2 years sa audit when US firm hired me as Audit Senior....now i just got promoted to Audit Manager..... pag may will ka kaya mo maabot gusto mo... i never thought i'll reach this stage at 27.

[paggi10]

congrats ironwill20.

napansin ko lang na mas malaki ang opportunity for career growth sa audit firm abroad. hindi ganyan kadali ang promotion dito sa pinas. according na rin sa family friend namin who's working for one of the big 4 in LA, mas appreciated ng firm dun ang mga staff nila. kahit ang mga performance reviews ay binibigyan nila ng importance. hindi ko naman nilalahat yung firms dito, at least with the firm i'm working for, masasabi ko na totally the opposite ang nangyayari. siguro hindi na nakakapagtaka yung 20+ resignations, majority ay seniors and managers pa, during this month pa lang yun. na for sure ay dadami pa before the start of the busy season.

about the workload and quality of work, minsan nga nagtataka ako pano nai-issuehan ng FS ang isang client na halos hindi naman natapos ang audit. pera-pera na lang ba sa audit dito sa pinas? one client i've handled this year, unqualified ang opinion pero may fraud. minsan napapag-isip ako kung ano ba talaga ang essence ng trabaho ko, kung in the end naman pala ay mapipilitan din magbigay ng positive opinion dahil sa pang gigipit ng client (at dahil na rin sa pagpayag ng external auditor).

siguro (at sana) kung mabibigyan ako ng chance to work abroad, dun ko lang talaga mai-ccompare yung work dun at dito. ;)

[danamay]

@ paggi

Nako wawa naman firm na pinasukan mo pag e didisclose mo.. big 4 bayan? anyways, im glad i belong to a firm that works with integrity..

[paggi10]

@ danamay

nagulat din ako na ganon ang patakaran. so does that mean yung ibang firms hindi naman ganon ang nangyayari? at least kami lang pala haha.

[LodRose]

hindi lang naman sa pilipinas nangyayari yan - that much i can tell you.

[nintendoboy]

up ko lang! natatabunan na eh..........

[nintendoboy]

musta mga accountants abroad!!!

[danamay]

Hi can any1 gimme email adds of the medium size firms there in SG.. il try my luck there... Im a three year experienced, SA, in one of big 4 firms hir in pinas... thanks!!!

[grim_reaper1814]

wacky wacks, anong firm ka nagwowork? SA ka na ba?

[wacky_wacks]

Thanks ironwill for understanding. Nung di pako pumapasa ng board akala ko kasi talaga sapat na un kikitain ko dito sa Pinas, pero habang tumatagal at lumalala ang sitwasyon dito, di maiiwasan sumagi talaga sa isip kong mag-abroad. I admit finances talaga ang reason kung bakit ko gusto umalis. Iba nga siguro ang tingin talaga sa mga auditor dyan compared dito. Di ko rin alam bakit naging practice dito un ikaw gumawa ng fs at nagbigay ng opinion. Akala ko nun college, di totoo un issue na un. Ang naririnig ko lang pag mga ganyang bagay, eh value-adding daw sa client. Yeah right hehe..Down ang economy ng US ngayon di ironwill?Advisable pa rin ba sa US pumunta or sa ibang countries na lang muna? Thanks! Ang galing mo nga pala at naabot mo yan.ü

Associate palang ako sa isang small auditing firm.

[c-note]

hi ironwill! i admire you,grabe!..may kakilala rin kasi ako ganyan ang story ***..anyway,ask ko ***..kasi nasa banking industry ako.kmzta ba dyan ang career ng accountants pg sa banking industry...
thanks in advance! Godbless...

[nintendoboy]

hello fellow accountants!!!! wazzup????

[ironwill20]

hi ironwill! i admire you,grabe!..may kakilala rin kasi ako ganyan ang story ***..anyway,ask ko ***..kasi nasa banking industry ako.kmzta ba dyan ang career ng accountants pg sa banking industry...
thanks in advance! Godbless...

Thanks. Hindi kasi ako masyado aware sa situation ng mga nasa banking industry dito...puro kasi nasa public accounting karaniwan ng kilala ko..pero i bet...ok din ang work sa bank industry lalo na sa working hours.... in terms of needs naman and employeability, i think mas may advantage kapa may background sa IT....

[PennState_01]

hello pinoy Accountants!

i applied to several job postings in the Caribbean, but I was surprised when 2 recruiters and 1 direct employer informed that they can no longer hire Filipino Accountants for now because of POEA restrictions?????? wft?!?!?!?!

my recruiters are Baraud, Affinity and CMLOR and I'm in close contact with their Recruitment Specialists. I was actually interviewed by Baraud and Affinity 2 months ago, but when I sent them emails to follow up my application, they told me that they can no longer continue with my application due to POEA restrictions.

I told them that I am not aware of it, but no replies as of this date.

any pinoys in Bermuda, BVI and Cayman Island?
anong balita dyan? wala naman akong nababalitaan na may quota ang number of pinoy accountants na pwedeng pumunta dyan.

I've been applying to several positions in Caribbean for almost 2 years but still no luck. it's really frustrating. tapos ganito pa ang gagawin ng POEA? :(

[LodRose]

Hello PennState_01

I think it's because of this ruling (http://lodrose.multiply.com/journal/item/15/15) pero matagal na ring suspended.

You need to send proof to your recruiters and employers about this update para mag-proceed ang hiring process mo.

Good luck!

[nintendoboy]

hi ironwill20,

bro musta na?
magtatanong tanong sana ako saiyo about US CPA.
im contemplating on taking a US CPA sana but im based in dubai right now. may i know what are the initial steps i need to take to proceed, websites that may help me know more about the content of the exam, application forms, fees, which state to take (easiest as to requirements, paperworks, ect) and other related stuffs?

thanks in advance bro.....

[nintendoboy]

guys, by the way, what advices could you share to me na currently nasa field ng external audit, i mean, ano ba mas ok na kunin na exam, CIA or US CPA? i just want to add some more credentials kasi sa resume ko so these two are okay with me, but if you could spare me some of your insights na mas favorable sa akin, i'd be very grateful for that....

[ironwill20]

hi ironwill20,

bro musta na?
magtatanong tanong sana ako saiyo about US CPA.
im contemplating on taking a US CPA sana but im based in dubai right now. may i know what are the initial steps i need to take to proceed, websites that may help me know more about the content of the exam, application forms, fees, which state to take (easiest as to requirements, paperworks, ect) and other related stuffs?

thanks in advance bro.....

Hi Nintendoboy...

Main website for Uniform CPA Exam is http://www.cpa-exam.org

Lahat ng information nandun.

However...the first step really is to find a State Board that you could qualify for CPA exam. Majority of State Boards required a 150 educational credit hours..*** 4 yr degree natin normally is only 120 ed credit hours so di tayo qualify sa States requiring 150. Pero if may masters ka or kaya 5 yr course *** accounting degree mo...pasok ka sa 150 requirements.... Dun sa website naka-indicate *** states accepting candidates with 120 hours... isa *** California at New Hampshire that accept 120 hrs...

Lahat ng process and application ay dun susubmit sa stateboard mo... bawat state board may kanya kanyang process...easy to follow naman....

here is the website for CA state board https://www.cba.ca.gov/cbt_public


Also you should take note that you could sit for actual Uniform CPA exam anywhere in any testing center within the 51 states including guam and CNMI regardless of your state board. Like myself, i tool all parts of the CPA exams in IL but my state board is in CA.

Hope this helps.

[private_ryan_]

hello pinoy Accountants!

i applied to several job postings in the Caribbean, but I was surprised when 2 recruiters and 1 direct employer informed that they can no longer hire Filipino Accountants for now because of POEA restrictions?????? wft?!?!?!?!

my recruiters are Baraud, Affinity and CMLOR and I'm in close contact with their Recruitment Specialists. I was actually interviewed by Baraud and Affinity 2 months ago, but when I sent them emails to follow up my application, they told me that they can no longer continue with my application due to POEA restrictions.

I told them that I am not aware of it, but no replies as of this date.

any pinoys in Bermuda, BVI and Cayman Island?
anong balita dyan? wala naman akong nababalitaan na may quota ang number of pinoy accountants na pwedeng pumunta dyan.

I've been applying to several positions in Caribbean for almost 2 years but still no luck. it's really frustrating. tapos ganito pa ang gagawin ng POEA? :(

I think it is because the recriter need to be accredited by POEA for contract workers. I remember, i got the same response when i applied sa British Virgin Island and Cayman Islands in 2005. They are interested pero they step back kasi they have to register pa raw with POEA. At sa kanila ay isang malaking abala at additional cost.

I think pera pera lang din ang gusto sa POEA...na kelangan dumaan ka pa.... for me what the contract you enter is just binding between you and the employer....di na kelangana ng govt intervention.

[nintendoboy]

Hi Nintendoboy...

Main website for Uniform CPA Exam is http://www.cpa-exam.org

Lahat ng information nandun.

However...the first step really is to find a State Board that you could qualify for CPA exam. Majority of State Boards required a 150 educational credit hours..*** 4 yr degree natin normally is only 120 ed credit hours so di tayo qualify sa States requiring 150. Pero if may masters ka or kaya 5 yr course *** accounting degree mo...pasok ka sa 150 requirements.... Dun sa website naka-indicate *** states accepting candidates with 120 hours... isa *** California at New Hampshire that accept 120 hrs...

Lahat ng process and application ay dun susubmit sa stateboard mo... bawat state board may kanya kanyang process...easy to follow naman....

here is the website for CA state board https://www.cba.ca.gov/cbt_public


Also you should take note that you could sit for actual Uniform CPA exam anywhere in any testing center within the 51 states including guam and CNMI regardless of your state board. Like myself, i tool all parts of the CPA exams in IL but my state board is in CA.

Hope this helps.

thanks pre!*okay*

[nintendoboy]

up for this trhead!

[taga-BUKID]

to all fellow auditors/accountants abroad.

Details of savings and expenses in working abroad, it may be in percentage or exact amounts. I just want to have an idea, as to how an auditor/accountant saves money, this may include mode of investing as well.

I will start the ball rolling:

I am 26 years old external auditor (Big 4), working in Singapore:
Total years of experience (audit) - almost 3 1/2 years
Position held - Senior level

Rent - 18%
Food - 12%
Transpo - 5%
Remittance to pinas - 10%
Force monthly savings account - 25% (half savings, half MF)
Monthly installment on gadgets, etc. - 12%
Other expenses - 10%
Other savings - 8%

Hope others can give insights, this will also give us the idea on what to expect in the countries we are working in, as well as the cost of living, this will also allow us to get idea from each other's saving technique.

Thanks guys!

BUKID!

[ironwill20]

Taga-bukid...good idea...it will definitely be helpful!

Here's my info....
______________________________

Age: 27
Location: Chicago, IL
Firm: Big 4
Yrs in Audit: 5 yrs
Level: Manager


Tax, and other employee benefit deductions-------34%
Rent (i shared 2 br apartment with another 1)------7%
Car & insurance-----------------------------------9%
Food (groceries, dine in sa restaurant)--------------6%
Remittance to Pinas--------------------------------9%
Land Investment sa Pinas-------------------------13%
Travel, leisure, adventure (luho ko to)--------------5%
Church contribution--------------------------------3%
Entertainment (concerts, play, sports etc)----------2%
Gadgets / electronics------------------------------2%
Other expense (utilities, phone, etc)----------------4%
Other savings-------------------------------------6%

When i calc'd the above, i was looking on annual basis...pero think good din sya as monthly....

Also note...i may not be the perfect example, medyo maluho minsan lifestyle ko kaya di ko ganu concentrated sa pagsave talaga... i treat na lang *** land investment sa pinas as big savings.... pero if i will really trim down my expenses at mag cost cut talaga...i would save a lot....pero dito sa US ang daling bilhin ng bagay na gusto mo....

[danamay]

Ako rin

Location: Pinas
Firm: Big 4
Years of stay: 3
Position: Senior Level
____________

Food and Rent 70%
Transpo 5-10% (malapit *** kasi malls, church and workplace)
Gimmicks and gurly stuff 20-30%

Deficit by 10% or no savings at all

:), ayan!!! alis na ako hahaha!!!

[domination]

Ask lang po ng advice sa ginagawa kong career planning. I'm currently reviewing for the CPA board exam this coming october, hopefully kung pumasa, gusto ko magwork sa big 4 audit firm and eventually work abroad. Pero magiipon lang ako dun, babalik din dito sa Pinas.

Hindi kasi ako makadecide kung saang industry ako mageespecialize habang nasa audit, namimili ako between banking/financial institutions and manufacturing industry.

Interesado talaga ako sa investment management and plano ko na lumipat sa industry na yun once I get a green card sa US or any industrialized country. Kaya lang investment lang talaga ang gusto ko at ayoko sana magtrabaho sa ibang areas ng banking and finance. Ang problema, baka mahirapan ako makapaok sa industry na yun kasi more of finance job siya than accounting. I have little idea kung paano talaga magwork sa investment management industry, pero sabi nila very competitive daw dito at mahirap talaga yung trabaho. Kung sakali naman na makapasok ako mapapakinabangan ko ba yung experience ko abroad sa philippine economy pag bumalik na'ko ng pinas?

Sa manufacturing industry naman, sa tingin ko mas malaki ang chance na makalipat dito kapag nagdecide nako na umalis sa auditing, hopefully as a management accountant or internal auditor.

Mas gusto ko sana sa investment pero kung maliit ang chances ko dun ok din naman sa manufacturing.

Sana po mapayuhan nyo ko. Salamat! :D

[ironwill20]

Thanks ironwill for understanding. Nung di pako pumapasa ng board akala ko kasi talaga sapat na un kikitain ko dito sa Pinas, pero habang tumatagal at lumalala ang sitwasyon dito, di maiiwasan sumagi talaga sa isip kong mag-abroad. I admit finances talaga ang reason kung bakit ko gusto umalis. Iba nga siguro ang tingin talaga sa mga auditor dyan compared dito. Di ko rin alam bakit naging practice dito un ikaw gumawa ng fs at nagbigay ng opinion. Akala ko nun college, di totoo un issue na un. Ang naririnig ko lang pag mga ganyang bagay, eh value-adding daw sa client. Yeah right hehe..Down ang economy ng US ngayon di ironwill?Advisable pa rin ba sa US pumunta or sa ibang countries na lang muna? Thanks! Ang galing mo nga pala at naabot mo yan.ü

Associate palang ako sa isang small auditing firm.

hi wacky...

nalampasan ko ito...sorry...

Thanks...sa totoo lang...sipag at tsaga saka faith kay God...kaya masaydo blessed. Kaya naman i'd like to share what i know and my experiences para makatulong...madmi rin akong na-encounter humps and bumps along the way...

Anyway, ask mo if advisable pa ba sa US pumunta? I'd say base sa experience ko sa US, tapos nung ngtrip ako sa UK (to assess kung mas ok work at tumira dun), and experiences ng mga friends ko living and working sa ibang bansa other than US, to me, pinaka mainam pa rin pumunta at mamuhay sa amerika. Kung may choice ka pumil between US and another country, i would say US. Yun nga lang, it has becoming difficult na rin pumasok sa US lately.

Mas na appreciate ko life dito nung unag umuwi ako sa Pinas saka when i made a trip sa UK. Ramdam ko ang convinience sa pamumuhay dito.... of course meron di namang di kagandahan dito....like medyo bumababa na ang moral standards dito.....pero i heard from my friends in the PH, ganun na rin daw sa pinas....kakalungkot.

[ironwill20]

Ask lang po ng advice sa ginagawa kong career planning. I'm currently reviewing for the CPA board exam this coming october, hopefully kung pumasa, gusto ko magwork sa big 4 audit firm and eventually work abroad. Pero magiipon lang ako dun, babalik din dito sa Pinas.

Hindi kasi ako makadecide kung saang industry ako mageespecialize habang nasa audit, namimili ako between banking/financial institutions and manufacturing industry.

Interesado talaga ako sa investment management and plano ko na lumipat sa industry na yun once I get a green card sa US or any industrialized country. Kaya lang investment lang talaga ang gusto ko at ayoko sana magtrabaho sa ibang areas ng banking and finance. Ang problema, baka mahirapan ako makapaok sa industry na yun kasi more of finance job siya than accounting. I have little idea kung paano talaga magwork sa investment management industry, pero sabi nila very competitive daw dito at mahirap talaga yung trabaho. Kung sakali naman na makapasok ako mapapakinabangan ko ba yung experience ko abroad sa philippine economy pag bumalik na'ko ng pinas?

Sa manufacturing industry naman, sa tingin ko mas malaki ang chance na makalipat dito kapag nagdecide nako na umalis sa auditing, hopefully as a management accountant or internal auditor.

Mas gusto ko sana sa investment pero kung maliit ang chances ko dun ok din naman sa manufacturing.

Sana po mapayuhan nyo ko. Salamat! :D

Good luck sa CPA exam!

Hind ko masyado familiar sa banking/investment managemet industry... what i only heard is down ***** ang industry na yan...like super down...dami na ring investment company na ngfile ng bankruptcy...

So if you really like investment management, bakit di mo consider magstart sa investment company kagad instead of audit, para makadevelop ka ng specialization mo, maintindihan mo nakagad ang industry......

pagkasi nasa audit ka...you can't be that picky sa mga clients and should be ready to work on any type of job... unless nga lang may experience ka na sa certain industry at nakadevelop ka na ng specialization dun....

hope this helps.

[taga-BUKID]

Ask lang po ng advice sa ginagawa kong career planning. I'm currently reviewing for the CPA board exam this coming october, hopefully kung pumasa, gusto ko magwork sa big 4 audit firm and eventually work abroad. Pero magiipon lang ako dun, babalik din dito sa Pinas.

Hindi kasi ako makadecide kung saang industry ako mageespecialize habang nasa audit, namimili ako between banking/financial institutions and manufacturing industry.

Interesado talaga ako sa investment management and plano ko na lumipat sa industry na yun once I get a green card sa US or any industrialized country. Kaya lang investment lang talaga ang gusto ko at ayoko sana magtrabaho sa ibang areas ng banking and finance. Ang problema, baka mahirapan ako makapaok sa industry na yun kasi more of finance job siya than accounting. I have little idea kung paano talaga magwork sa investment management industry, pero sabi nila very competitive daw dito at mahirap talaga yung trabaho. Kung sakali naman na makapasok ako mapapakinabangan ko ba yung experience ko abroad sa philippine economy pag bumalik na'ko ng pinas?

Sa manufacturing industry naman, sa tingin ko mas malaki ang chance na makalipat dito kapag nagdecide nako na umalis sa auditing, hopefully as a management accountant or internal auditor.

Mas gusto ko sana sa investment pero kung maliit ang chances ko dun ok din naman sa manufacturing.

Sana po mapayuhan nyo ko. Salamat! :D

hi,

first thing, gudluck sa exam.

kakaiba ka, ndi ka pa nag eexam, pero nakaplano na career path mo, which i think is good. back then kac, ni *** ako plano basta exam ***...hehe

anyways, back to your question. it seems na gusto mong mag investment management. if you plan to go audit, then choose to be in the financial services, there are firms e.g. SGV who can train you to specialized in this area. the MC1 group of sgv is into financial services, so you might want to highlight it during the interview so that the hr can help you to be with the financial services group.

there is a group of which specializes on hard-to-value securities, as well as hedge accounting. in the current accounting scene wherein top corporations and financial services firms tend to invest in exotic products to hedge and speculate, the need for IFRS 39 expert people is in demand. so if you really want to be an investment manager then you have to master those standards.

it is also an edge to take the CFA exam, it is in my opinion the toughest exam to pass. but once you have it, packed with your financial services background, then you'll be in high demand globally.

another option is to specialise on the hedge funds industry, of which our fellow auditors from the "islands" is more familiar of.

hedge funds are run by the fund managers, of which is also known as investment managers. by working closely with them during the audit, then you can grasp the in and outs of the investment management profession, of which is an exciting and challenging industry.

the best thing with the audit profession is the countless options for career growth and development, and the knowledge that we get from the higher ups as well as the bosses of our clients.

also, as a piece of advise to those pips whose in audit right now, Guys! every auditor experiences what your going through right now, so dont give up. just stay focus, and set your plan.

no pain. no gain d ba...kaya natin to.

hope this helps.

BUKID

[nintendoboy]

this is a good idea taga-BUKID.

Here's my info too....
______________________________

Age: 27
Location: Dubai, UAE
Firm: Big 4
Yrs in Audit: 4 yrs
Level: Senior Auditor


Monthly remittance (parents) --------------------10%
Rent (i share a room with 3 other guy friends)------8%
Life insurance (AIG)-------------------------------8%
Food (groceries, dine in sa restaurant)-------------25%
House & Lot Investment sa Pinas------------------20%
Travel, leisure, trips and out of towns--------------3%
Other expense (utilities, phone, etc)----------------4%
Other savings (time deposits, etc)-----------------22%
TOTAL ---------------------------------------100%

This is on the basis that Dubai is a tax-free country.

i still believe na iba-iba naman tayo ng priorities in life so savings will definitely be different from one person to another. hope you guys can share more about your life sa inyong bansang pinagtatrabahuhan and surely it will be a big help to those fellow accountants who want to pursue their dreams of working and living abroad...

[nintendoboy]

kamusta na mga tsong at tsang hehehehe

[PennState_01]

Hello PennState_01

I think it's because of this ruling (http://lodrose.multiply.com/journal/item/15/15) pero matagal na ring suspended.

You need to send proof to your recruiters and employers about this update para mag-proceed ang hiring process mo.

Good luck!


LodRose thanks! i have called my agent and explained them the real situation. =D i was lucky i was interviewed again by one of the clients (my employer) and was offered a job just last week! =)

thanks!!!

[LyricMuse]

Any accountants here in Malaysia or SG? My bf wants to apply in Malaysia, maybe any one can help? im here kasi in Cyberjaya Malaysia, and he wants to follow me, and we badly need to have a job for him first... please help guys...

[private_ryan_]

Hello sa mga pinoy auditors and accountants abroad...

happy labor day sa mga nasa US...enjoy your long weekend.

[beltranBALDO]

Ako rin

Location: Pinas
Firm: Big 4
Years of stay: 3
Position: Senior Level
____________

Food and Rent 70%
Transpo 5-10% (malapit *** kasi malls, church and workplace)
Gimmicks and gurly stuff 20-30%

Deficit by 10% or no savings at all

:), ayan!!! alis na ako hahaha!!!

haha. those were the days, madalas din akong mag abono nun. :D

[aqua_blue]

hello everyone! hi to all fellow accountants and auditors! hope you are all well, wherever you are!

[nintendoboy]

kamusta sa lahat!!!! tahimik ang thread ah, busy mga accountants! hehehe

[chic17]

up!! :) kelan ba maghihiring europe!? ehhehe

[kaye_82]

Hi to all! Nice thread for us. Kamusta naman kayo? :)

[c-note]

Thanks. Hindi kasi ako masyado aware sa situation ng mga nasa banking industry dito...puro kasi nasa public accounting karaniwan ng kilala ko..pero i bet...ok din ang work sa bank industry lalo na sa working hours.... in terms of needs naman and employeability, i think mas may advantage kapa may background sa IT....

tlaga po,,thanks...actually i have plan na mag aral ng programming or **** ano na related sa IT..what do you mean po *** na ok ang working hours?hindi po ba kasing toxic ng audit?hehehe...thanks po ulit,,ingat po dyan,,Godbless

[taga-BUKID]

I assume hiring in the UK will resume as soon as accountants/financial humans will get to be in the US again.

As we all know, the current crisis the US is experiencing drives away the employees from the US to the UK (they got no other place to go i guess).

and one thing, there are still countries who are mis informed on the POEA bond, restrictions on direct hiring and other similar laws that the our well loved officials imposed.

no wonder, hiring in any foreign countries is getting harder each day.

BUKID!

[PennState_01]

I assume hiring in the UK will resume as soon as accountants/financial humans will get to be in the US again.

As we all know, the current crisis the US is experiencing drives away the employees from the US to the UK (they got no other place to go i guess).

and one thing, there are still countries who are mis informed on the POEA bond, restrictions on direct hiring and other similar laws that the our well loved officials imposed.

no wonder, hiring in any foreign countries is getting harder each day.

BUKID!


very true. you have to explain it well to your agent/employer so they would understand the real situation.

sobrang hassle talaga on our part.

anyway, i'm heading to the Caribbean on November (after more than 2 yrs of applying online), but i'm planning to transfer to UK or Canada after my contract.

=)

[nintendoboy]

I assume hiring in the UK will resume as soon as accountants/financial humans will get to be in the US again.

As we all know, the current crisis the US is experiencing drives away the employees from the US to the UK (they got no other place to go i guess).



BUKID!

kaya pala mahirap makapasok ngayon sa US dahil walang trabaho dun, nagpupuntahan sa UK ang mga Americans, in turn, yung mga British naman ngpuputahan sa Dubai for a tax free salary, in turn, yung mga pagod na sa buhay Dubai nagpupuntahan naman sa Canada at Australia, and the same ball keeps on rolling.

[john.dorol]

hi guys,

i was able to find this site sa google search and read your testimonies. i for one interested in applying for a job abroad especially in BVI. is it ok if i will as for some advice, say were to apply and what are the things needed?

hope to hear from you the soonest

thanks

p.s

accounting related and hanap kung trabaho

[john.dorol]

hello,

this is the first time i joined this site. ask ko *** pls if your company is still in need of CPA's?

Hope to hear from you soon

Thanks

[LodRose]

kaya pala mahirap makapasok ngayon sa US dahil walang trabaho dun, nagpupuntahan sa UK ang mga Americans, in turn, yung mga British naman ngpuputahan sa Dubai for a tax free salary, in turn, yung mga pagod na sa buhay Dubai nagpupuntahan naman sa Canada at Australia, and the same ball keeps on rolling.

kaya naman steady ka lang muna dito NB, unless sinasalaula ka na talaga nung current employers mo.

[kaye_82]

kaya pala mahirap makapasok ngayon sa US dahil walang trabaho dun, nagpupuntahan sa UK ang mga Americans, in turn, yung mga British naman ngpuputahan sa Dubai for a tax free salary, in turn, yung mga pagod na sa buhay Dubai nagpupuntahan naman sa Canada at Australia, and the same ball keeps on rolling.

Nintendoboy: looks family itong statement na ito ah, diba ito yung sinabi namin sayo kahapon? :D

kaya naman steady ka lang muna dito NB, unless sinasalaula ka na talaga nung current employers mo.

Kaya nga LR, steady muna sya dito dahil ang alam namin e may balak din yan magpuntang Canada, hehehehe:lol:

[kaye_82]

hi guys,

i was able to find this site sa google search and read your testimonies. i for one interested in applying for a job abroad especially in BVI. is it ok if i will as for some advice, say were to apply and what are the things needed?

hope to hear from you the soonest

thanks

p.s

accounting related and hanap kung trabaho

I have a very close friend who's currently working in BVI and she doesn't like it there, at least for her.

Well, if you really like laid back type environment surrounded with beaches then that's for you (and for me too, ;) )

[ZyIvLi]

hello, sino ba nsa cayman or bermuda dito?

[kaye_82]

hello, sino ba nsa cayman or bermuda dito?

I have a lot of friends from college who are in Bermuda and Cayman Islands right now. Yung isa nga dun Top 1 sa CPA Boards last October 2003. ;)

I can introduce you to them if you have some queries about those places.:)

[nintendoboy]

Nintendoboy: looks family itong statement na ito ah, diba ito yung sinabi namin sayo kahapon? :D


Kaya nga LR, steady muna sya dito dahil ang alam namin e may balak din yan magpuntang Canada, hehehehe:lol:

hoissst kaye!!! kamusta naman?! ikaw talaga binuking mo pa ako dito, hehehehe biro lang! sige na nga, ginaya ko na po....peace hehehee


sana nga matuloy, eh, mukang malabo pa eh. kita kits sa Where are the UAE pexers thread ah?

[taga-BUKID]

I have a lot of friends from college who are in Bermuda and Cayman Islands right now. Yung isa nga dun Top 1 sa CPA Boards last October 2003. ;)

I can introduce you to them if you have some queries about those places.:)

sya ba *** taga UP IloIlo?

natanong *** po, nakikita ko kac nung nag review ako for May 2004 exams, andun na pala un.

ok din **** sa islands eh, puro hedge funds ang exposure, mejo mahirap *** ituloy sa pinas kac *** pang ganun satin, pero malakas sya pag US namely NY and Cali.

kaya po sa mga nagbabalak magpunta dun, hedge funds po industry nila sa mga islands, meron din insurance and banking, which i think is a stable line of audit namn.

gudluck!

[ironwill20]

Hello guys.....september na...lapit na matapos ang taon...lapit na naman busy season..hehehe

it is true na mababa na ang demand ng international candiates sa US. The public accounting industry, particularly the audit practice had lost products/business since the implementation of PCAOB Accounting Standard no 5. or AS5 (which superseded the PCAOB AS2, the first guidance of sox 404 audit) late 2007. Under AS5 kasi it drastically reduced the scope of the internal control over financial reporting (ICFR) audit kasi mula ng first implementation ng 404 audit, clients were clamoring of its high cost and it was not cost effective for them. Kaya ayun...PCAOB had evaluated the 404 procedures and found ways to reduce the audit procedures. This has lead to reduce scope sa audit firms, reduce fees and cut-down manpower. *** firm namin just laid-off 2% of its US employees last week.

However, *** ibang business naman is growing especially consulting. As financial reporting geared toward Fair Value reporting, kelangan naman ng madaming valuation specialists. So kung may experienced ka sa FV accounting...malaki rin chance na makahanap ng work sa US.

[kaye_82]

sya ba *** taga UP IloIlo?

natanong *** po, nakikita ko kac nung nag review ako for May 2004 exams, andun na pala un.

ok din **** sa islands eh, puro hedge funds ang exposure, mejo mahirap *** ituloy sa pinas kac *** pang ganun satin, pero malakas sya pag US namely NY and Cali.

kaya po sa mga nagbabalak magpunta dun, hedge funds po industry nila sa mga islands, meron din insurance and banking, which i think is a stable line of audit namn.

gudluck!

Hi BUKID!

Yep, she was my classmate sa UP Iloilo. She's working with E&Y Bermuda. Madami dami din akong batchmates dun and they said life is very laid back, but they do appreciate it very much as they could easily travel to Canada and the US.

[nintendoboy]

bump! bump! bump! *okay*

[nintendoboy]

kaye, magkalilala pala kayo nung Top 1? as in close kayo?

[PennState_01]

Hello guys.....september na...lapit na matapos ang taon...lapit na naman busy season..hehehe

it is true na mababa na ang demand ng international candiates sa US. The public accounting industry, particularly the audit practice had lost products/business since the implementation of PCAOB Accounting Standard no 5. or AS5 (which superseded the PCAOB AS2, the first guidance of sox 404 audit) late 2007. Under AS5 kasi it drastically reduced the scope of the internal control over financial reporting (ICFR) audit kasi mula ng first implementation ng 404 audit, clients were clamoring of its high cost and it was not cost effective for them. Kaya ayun...PCAOB had evaluated the 404 procedures and found ways to reduce the audit procedures. This has lead to reduce scope sa audit firms, reduce fees and cut-down manpower. *** firm namin just laid-off 2% of its US employees last week.

However, *** ibang business naman is growing especially consulting. As financial reporting geared toward Fair Value reporting, kelangan naman ng madaming valuation specialists. So kung may experienced ka sa FV accounting...malaki rin chance na makahanap ng work sa US.

hi ironwill20, what is FV Accounting? :)

Is this a specialized accounting work, like Fund Accounting, Captive Insurance Accounting etc.

sa auditing firm lang ba pwedeng ma-acquire 'tong skills na 'to?

thanks. =)

[taga-BUKID]

hi ironwill20, what is FV Accounting? :)

Is this a specialized accounting work, like Fund Accounting, Captive Insurance Accounting etc.

sa auditing firm lang ba pwedeng ma-acquire 'tong skills na 'to?

thanks. =)

ironwill is referring to Fair Value Accounting.

yup, i completely agree with iron will that knowledge or specialisation on IAS 39, Financial intruments is a very in demand skill, there are a lot of CPA's who focus on this field. Actually for those who are in the banking industry, they have an edge on this for they deal with exotic, hard-to-value securities/investment products of which top corporation use for heding and speculative purpose, of which are known as "derivative instruments".

Hedge funds industry also deals with this things, these are industries of which are run by topnotch investment managers, who are atleast CFAs.

As we all know, IFRS is implemented globally, which is known for having a fair value accounting outlook.

There are news on which USGAAP is moving towards IFRS, as such Fair Valuation would be a demaind in the US.

BUKID!

[ironwill20]

ironwill is referring to Fair Value Accounting.

yup, i completely agree with iron will that knowledge or specialisation on IAS 39, Financial intruments is a very in demand skill, there are a lot of CPA's who focus on this field. Actually for those who are in the banking industry, they have an edge on this for they deal with exotic, hard-to-value securities/investment products of which top corporation use for heding and speculative purpose, of which are known as "derivative instruments".

Hedge funds industry also deals with this things, these are industries of which are run by topnotch investment managers, who are atleast CFAs.

As we all know, IFRS is implemented globally, which is known for having a fair value accounting outlook.

There are news on which USGAAP is moving towards IFRS, as such Fair Valuation would be a demaind in the US.

BUKID!

That's true, beginning this year FASB 157 and 159 FV measurements and FV options has been fully effective for public companies and i tell you audting of financial instruments has never been this tough and really detailed. Private companies will soon follow eventually. Marami work ang mga FV specialist ***** kasi Companies could opt to adopt FASB 159 and prepares financial statement using FV measurements....

This is what i see going in the next 3-5 yrs. US will once again open its door to foreign accountants who have IFRS knowledge and experience. As US GAAP will soon converge to IFRS, and soon domestic companies public and private will follow IFRS. As a matter of fact, foreign filers sa SEC can now file IFRS financial statements alone without US GAAP reconciliation. Base on my recollection, i think it will be FY2012 or 2013 is the target adoption year of IFRS financial statements in the US. In that note, i'd say 2-3 yrs before this adoption, US will start hiring foreign accountants with IFRS knowledge kasi tiyak local accountants is not enough to take care of the pipeline. While US accountants and auditors are actually undergoing training right now for IFRS (i just had my training :)), i think hindi magiging enough *** local resource...kakailanganin pa rin ng foreign resources.

So if you guys interested in living in the US at medyo di sucessful sa mga job applications, i suggest, take your time, improve your craft and increase your technical knowledge on IFRS. If may chance and opportunity, take US CPA, in 3 yrs time, boom na boom na naman ang job opening for foreign accountants. just like when 404 was first implemented.

yun lang...just want to share my thoughts....

happy september!!! (anu daw? hehehe)

[ironwill20]

http://www.financialweek.com/apps/pbcs.dll/article?AID=/20080827/REG/808279981/1036

See link above. It says that there would be optional adoption of IFRS in 2009....

[PennState_01]

thanks, ironwill20 and taga-BUKID.

actually, i will be working as Fund Accountant in the Caribbean.

to be honest, wala akong idea sa Fund Accounting job :D
because i don't have any work experience in Fund/insurance industry, but my employer will provide all the trainings naman.
and they know na wala akong background.

do you think i will gain the skills in IFRS while doing fund accounting? or should i shift to Financial Accounting job after my contract?

also, which Certification should I take in order for me to show that I have gained basic competence in IFRS? US-CPA, CMA, CFSA, etc?

Thanks again! :)

[LodRose]

ey PennState - congrats sa carribean post!

it's not going to add much to your skills though kasi cash in cash out lang naman talaga pag ganung type ng org. so yeah lumipat ka na lang dun sa mga places na suggest ni BUKID agad once you have your chance.

------

so ano na nga focus nung gagawin mo? hedge fund management ba?

good morning!

[taga-BUKID]

thanks, ironwill20 and taga-BUKID.

actually, i will be working as Fund Accountant in the Caribbean.

to be honest, wala akong idea sa Fund Accounting job :D
because i don't have any work experience in Fund/insurance industry, but my employer will provide all the trainings naman.
and they know na wala akong background.

do you think i will gain the skills in IFRS while doing fund accounting? or should i shift to Financial Accounting job after my contract?

also, which Certification should I take in order for me to show that I have gained basic competence in IFRS? US-CPA, CMA, CFSA, etc?

Thanks again! :)

Hi PennState,

Congratulations!

Hedge funds industry is an exciting industry and I may say its pretty straight forward, initially you'll be adjusting to its peculiarity as well as accounting presentation on certain statements but the accounting concept is just the same.

after you audit say 2 to 3 hedge fund clients, i know you'll be doing just fine after absorbing its nature.

With regards to being exposed to IFRS while doing funds, I say it still depends on the accounting standard your fund is adopting, some uses IFRS and some still use US GAAP, it's an option for the Fund Managers as to what will they state in their Private Placement Memo.

Hedge funds is similar to a Mutual Fund, the word "Hedge" makes it a bit complex, coz you'll be dealing with exotic products while doing audit for the fund (depends also on the strategy and structure of the fund client).

On your question on shifting jobs, it depends on your interest and how you like doing Hedge fund clients. I may say in doing hedge funds you have an edge to be exposed on exotic products and how they are valued, you'll learn the knowledge from the fund managers which are usually CFAs.

Gaining IFRS knowledge boils down to being exposed to a country which adopts the standard, I understand that in Cayman and Bermuda they use US GAAP, but I know of some funds they audit are also using IFRS. European countries uses IFRS as well as the Philippines. Anyways, as ironwill have mentioned, US is adopting IFRS in 2011.

Also one thing, if your plan is to penetrate the US market in the future after your fund experience in the carribean, try NY and San Francisco for I know they are specializing in Hedge Funds Audit.

Hope this helps.

BUKID!

[taga-BUKID]

Oh sorry, i was thinking of fund audit.

ANyways, my reply would be the same coz if your the accountant, hedge funds exposure will also help you again understanding on the different investment products your fund is investing. So again, it depends on the fund strategy your fund has.

If your the accountant, don't depend on the system to generate all those reports and valuation, understand its concept and leverage from it.

I know of some Fund Accountants who does rely on the system and its report, to the point that they don't even understand the purpose of what they're printing (i'm just saying some, i know also of FAs who knows a lot with regards to fund accounting), following SOPs is ok, but gaining knowledge while working is what matters, rather than doing it as a routinary day-to-day activity.

BUKID!

[kaye_82]

PennState_01 congrats!

I wish you the best in your new post and hope you enjoy the Caribbean spirit ;)

My friends are really enjoying their stay there and has done a lot of lakwatsa while learning a new accounting discipline, so just hang on.

Hello fellows :wave:

[wacky_wacks]

Busy season? Hehe.. Musta guys?

[Existentialist]

Sir Ironwill, hindi po ba naapektuhan ng recession ang mga Accounting and Audit firms dyan sa US nowadays?

I can't help but be curous po...

[ironwill20]

Sir Ironwill, hindi po ba naapektuhan ng recession ang mga Accounting and Audit firms dyan sa US nowadays?

I can't help but be curous po...

US is in a bad shape right now. Lay-offs are happening left and right pati auditing firms. Dahil marami ngsarang companies, nawawalan ng client. Pinaka affected actually ay *** practice sa New York, dahil mostly financial services company ang nagsara and mostly based sa New York. Sobrang tindi ng effect dun sa state na un....wala choice ang audit firms but to let go people kasi nawalan ng client at revenue. Sa midwest where chicago is, hindi masyado, actually kaunti lang talaga ang pinakawalan kasi very diverse ang industry sa midwest hindi lang financial service. This year is a bad year for US. Salary increases nga were not as great as in the prior years. We hope next year umangat na ang US economy.

[maia801]

Musta...

ngayon ko lang nakita to...

Nwei, I am an auditor. And previously I've worked with SGV, pero sa ngayon ay nasa europa ako at nagtatrabaho bilang auditor din (sa kpmg naman).

To pennstate, hindi naman mahirap ang fund accounting eh based on my experience auditing fund clients. I agree with Taga-Bukid, mostly fund accountants just rely on their system and they just record all the instructions that they received from the Investment Manager and not even thinking what's the transaction all about.

So, if you do fund accounting a lil bit different... all the fund auditors will love you. =)

[ironwill20]

Welcome maia801!!

Sana dalasan mo pag dalaw dito...we want to hear more views regarding life and career of auditors and accountants from europe.... san ka sa europe? papasayal ako jan sa december...dami ako kaibigan dun...



Musta...

ngayon ko lang nakita to...

Nwei, I am an auditor. And previously I've worked with SGV, pero sa ngayon ay nasa europa ako at nagtatrabaho bilang auditor din (sa kpmg naman).

To pennstate, hindi naman mahirap ang fund accounting eh based on my experience auditing fund clients. I agree with Taga-Bukid, mostly fund accountants just rely on their system and they just record all the instructions that they received from the Investment Manager and not even thinking what's the transaction all about.

So, if you do fund accounting a lil bit different... all the fund auditors will love you. =)

[PennState_01]

hi, na-move sa January 2009 ang Start date ko. =)

but i'm okay. pero resigned na ako by Oct 17 sa present work ko.
so wala akong gagawin for 2 months! :D

i'm thinking na mag-review for CPA (US), CMA (IMA) or ACCA global?

any pinoy na nasa Cayman/Bermuda who took these exams?

my long term career plan is to jump to Canada or US after my contract. =)

which among these designation will make me most marketable?

US CPA
CMA
ACCA


Thanks!

[maia801]

Bonjour!

Im here in Luxembourg (a small rich country near Belgium, Germany and France).

Talaga.. pupunta ka ng sa December? Sayang, baka ala ako dito sa Dec, dahil uwi ako ng Pinas eh (IF ever di matutuloy ang paglipat ko sa Dubai.. hehehe)

[LodRose]

@ maia801 - pag natuloy ka ng dubai - dito ang me (if walang out of the country meeting) :p

[PennState_01]

re: CMA vs US CPA.

nasagot na pala in previous posts. Sorry =)

maia801, are you an auditor in Luxembourg?

[maia801]

@lodrose - sorry, pero di ko gets.. ano ang dito ang me? hehe

@pennstate - yup, i am an auditor here in Luxembourg. I audit Funds, not Luxembourg Funds but Guernsey Funds with the Fund Administration being done here in Luxembourg.. weird no? but my current engagement is a Luxembourg Fund but previously domiciled in Guernsey. :)

[ironwill20]

Bonjour!

Im here in Luxembourg (a small rich country near Belgium, Germany and France).

Talaga.. pupunta ka ng sa December? Sayang, baka ala ako dito sa Dec, dahil uwi ako ng Pinas eh (IF ever di matutuloy ang paglipat ko sa Dubai.. hehehe)

Sa Luxembourg....di sya kasama sa itinerary ko....pero in case madaan...will let u know...punta ko sa Dublin, Amsterdam, Brussels and Vienna. Lam ko nga katabi ng belguim ang lux.

So you are saying you plan to move sa Dubai? Why? Kamusta naman ang work sa Lux? Hindi ba mahirap sa language?

I know someone who move to Lux from Dubai and then move back to Dubai after just few months. Hindi ko na rin natanung why he moved back sa dubai....

[demented_guy]

Hi fellow CPAs.

Nandito na ko sa US ngayon. I'll be working for an Indian-owned accounting firm. Maliit ang sweldo pero OK lang kasi hilaw pa naman ako. 1 year lang ako nag-work sa SGV. I'm currently reviewing for the US CPA exams. Self-review pero may software naman akong ginagamit and books (Becker). Sana mapasa ko yung exams in 6-7 months. :D

[PennState_01]

demented_guy, i saw your posts in H1B thread.

you're one lucky auditor! :D

most US accounting firms (small or big4) prefer at least 3 years of audit work experience.

anyway, good luck in your US CPA exam... i'm planning to take the exam too while in Cayman, pero parang gusto ko rin ng CMA. :)

[taga-BUKID]

one lucky guy!

based on your posts, it seems na placer ka sa cpa board exams, in a way, sanay kana talga mag sipag sa craft mo.

kayang kaya mo yan, we wish you to finish it in flying colors.

just one thing, i've read in your other posts that you were getting bored with audit, and you want to get out of it. you are now in an auditing firm, hope this time around, you will appreciate auditing and show them what you got. love your job man, it's your key to success.

[ironwill20]

Hi fellow CPAs.

Nandito na ko sa US ngayon. I'll be working for an Indian-owned accounting firm. Maliit ang sweldo pero OK lang kasi hilaw pa naman ako. 1 year lang ako nag-work sa SGV. I'm currently reviewing for the US CPA exams. Self-review pero may software naman akong ginagamit and books (Becker). Sana mapasa ko yung exams in 6-7 months. :D

Hi demented guy.. congratulations... magaling ka talaga....hope all is well if you have any question or anyting regarding US life etch, immigration, CPA exams...feel free to ask me... Saang city and state ka?

kaya yang CPA exams na yan...mas mahirap *** sa pinas.... i passed 3 parts in 2 month window with 2 month preparations...so kayng kaya uang 6-7 months...wag lang tamaan ng busy season.

[joseph0487]

ironwill, saang state ka po?

what exams did you take first? my credentials are still in illinois pa kasi for evaluation of credentials, i'm planning to take the exams narin. pero uunahin ko ang FARE. ano po advice nyo po sana?

[maia801]

@ironwill

i know who´s that someone. he is my friend.. hehehe.. small world.

nwei, the people here speak english, so it´s not that difficult. but it is still adviseable to learn french or german, so you could better communicate with the client (specially with the french).

it´s not that i dont want the work here.. it´s just that, there´s a better opportunity there (career and salary wise). pero, anything could happen... hehehe, andito pa din naman ako sa lux. so, let´s see...

ciao!

[joseph0487]

hi, can you help me po?


I'm here in the US, green card holder na ako ang kaso, I just graduated last year 2007 and got my CPA license din last oct 2007 in the Philippines. The thing is, I just had 2 months work experience as an auditor in makati kasi I really have to go once i got my visa or else, marerevoke un. So I did go after 2 months of audit experience. Now I'm working as an accountant sa isang bookstore dito. The thing about it is that, mababa sahod and I don't think I'm gaining a good experience to help me become an auditor. Haayy. I was thinking of applying/passing my application to audit/accounting firms here in Guam kaso I'm not sure if they're gonna entertain my application.

I'm kind of sad kasi I really would have had a better job had I gained more experience in the Philippines as an auditor. Hayy..

Any advice po? Or do you think I should pass my resumes/CV to acctg firms?

[beltranBALDO]

^^ greencard holder ka naman pala, magwork ka muna as entry-level accountant or auditor sa small firms dyan. then magreview ka for US CPA exam.

pag may US CPA license ka na, pwede ka ng magapply sa mas malalaking auditing firm dyan sa US. good luck!

[ironwill20]

Hi Joseph, normally kasi, large auditing firms recruit talents from the campus....so *** mga entry level nila, got offered even before they graduate. *** mga recruit na ito, they normally undergo intership in the previous years sa mga auidt firms, so kahit paano may experience na sya.

I suggest, try applying sa mga small to middle tier firms. Wag ka magbookeeping sa maliit na private company. I think matatangap ka naman sa audit firm, kahit pano my CPA tittle ka naman abroad, tapos you have to tell them yung in-aaplyan mo na you are working on you CPA exams. Pag may CPA license ka na sa US, at may experience ka na as auditor, you could apply sa big accounting firms as experienced associate.

[ironwill20]

ironwill, saang state ka po?

what exams did you take first? my credentials are still in illinois pa kasi for evaluation of credentials, i'm planning to take the exams narin. pero uunahin ko ang FARE. ano po advice nyo po sana?


I took AUD first kasi, i knw un *** forte ko, i'd like to gain momentum. Then I took FAR and BEC on the same sitting. Tapos i took REG last.

Medyo mahirap ang sitwasyon ko when i was studying for exams, kasi senior ako nun at masyado madami work. So ikaw, i-timing mo *** exams mo, mag-allot ka ng malaking oras sa pag study sa REG kasi, yung tax part is talaga marming kaibahan sa taxation sa pinas. Good luck

[joseph0487]

pero, relatively, anong mas mahirap, US CPA or Phil CPA Exams? Kasi yung ngayon sa US CPA computerized na sya at may essay part na, yung simulation.

Thanks for the tips. :)

[marvmendoza]

Hi to all,

Im new here and i would like to seek assitance from you my fellow cpa. I'd like to work abroad, any of carribean island, NZ, UK, Australia, but I cant find an employer who will directly hire me. I got some phone interviews from outside Philippines but the moment they hear from me that I have no working visa or experience in insurance industry like hendge acctg and etc, they turned me down.

So anyone who will give me good tips or chances of getting hired, I will truly appreciate. I can be reached at this ym:marvmendoza@yahoo.com.

Thanks and best regards,

[ironwill20]

pero, relatively, anong mas mahirap, US CPA or Phil CPA Exams? Kasi yung ngayon sa US CPA computerized na sya at may essay part na, yung simulation.

Thanks for the tips. :)

Philippine CPA is a lot challenging than US CPA. Sa US CPA, they just give simple problems sa simulation, basta alam mo ang process, madali na. Yung essay is 10% yata, normally related sa problem sa simulation.

[maia801]

@marvmendoza

If you're applying for Big4 auditing firms, they usually look for CPA's:
1. with at least 3 years' audit experience in Big4
2. who worked at least as a senior for a year
3. who have audit experience in financial services or real estate or insurance or funds
4. with good knowledge in IFRS

baka may nakalimutan ako.. =) padagdag na lang...

ciao!

[danamay]

HoW AIG AND LEHMAN BROS. FELL...

(The Big Money) When you hear that the collapse of AIG or Lehman Bros. or
Bear Stearns might lead to a systemic collapse of the global financial
system, the feared culprit is, largely, that once-obscure (OK, still
obscure) instrument known as a credit default swap.

So, what is a CDS, and why is it so dangerous?

At first glance, a credit default swap seems like a perfectly sensible
financial tool. It is, basically, insurance on bonds. Imagine a large
bank buys some bonds issued by General Electric. The bank expects to
receive a steady stream of payments from GE over the years. That's how
bonds work: The issuer pays the bondholder some money every six months.
But the bank figures there's a chance that GE might go bankrupt. It's a
small chance, but not zero, and if it happens, the bank doesn't get any
more of those payments.

The bank might decide to buy a CDS, a sort of insurance policy. If GE
never goes bankrupt, the bank is out whatever premium it paid for the
CDS. If GE goes bankrupt and stops paying its bondholders, the bank gets
money from whoever sold the CDS.

Who sells these CDSs? Banks, hedge funds, and AIG.

It's easy to see the attraction. Historically, bond issuers almost never
go bankrupt. So, many banks and hedge funds figured they could make a
fortune by selling CDSs, keeping the premium, and almost never having to
pay out anything.
In fact, beginning in the late '90s, CDSs became a great way to make a
lot more money than was possible through traditional investment methods.
Let's say you think GE is rock solid, that it will never default on a
bond, since it hasn't in recent memory. You could buy a GE bond and make,
say, a meager 6 percent interest. Or you could just sell GE credit
default swaps. You get money from other banks, and all you have to give
is the promise to pay if something bad happens. That's zero money down
and a profit limited only by how many you can sell.

Over the past few years, CDSs helped transform bond trading into a highly
leveraged, high-velocity business. Banks and hedge funds found that it
was much easier and quicker to just buy and sell CDS contracts rather
than buy and sell actual bonds. As of the end of 2007, they had grown to
roughly $60 trillion in global business.

So, what went wrong? Many CDSs were sold as insurance to cover those
exotic financial instruments that created and spread the subprime housing
crisis, details of which are covered here:

1. As those mortgage-backed securities and collateralized debt
obligations became nearly worthless, suddenly that seemingly low-risk
event-an actual bond default-was happening daily. The banks and hedge
funds selling CDSs were no longer taking in free cash; they were having
to pay out big money.

Most banks, though, were not all that bad off, because they were
simultaneously on both sides of the CDS trade. Most banks and hedge funds
would buy CDS protection on the one hand and then sell CDS protection to
someone else at the same time. When a bond defaulted, the banks might
have to pay some money out, but they'd also be getting money back in.
They netted out.

[danamay]

Cont. How AIG and LEHMAN BROS Fell.........

Everyone, that is, except for AIG. AIG was on one side of these trades
only: They sold CDS. They never bought. Once bonds started defaulting,
they had to pay out and nobody was paying them. AIG seems to have thought
CDS were just an extension of the insurance business. But they're not.
When you insure homes or cars or lives, you can expect steady,
actuarially predictable trends. If you sell enough and price things
right, you know that you'll always have more premiums coming in than
payments going out. That's because there is low correlation between
insurance triggering events. My death doesn't, generally, hasten your
death. My house burning down doesn't increase the likelihood of your
house burning down.

Not so with bonds. Once some bonds start defaulting, other bonds are more
likely to default. The risk increases exponentially. Credit default swaps
written by AIG cover more than $440 billion in bonds.

2. We learned this week that AIG has nowhere near enough money to cover
all of those. Their customers-those banks and hedge funds buying
CDSs-started getting nervous. So did government regulators. They started
to wonder if AIG has enough money to pay out all the CDS claims it will
likely owe.

This week, Moody's Investors Service, the credit-rating agency, announced
that it was less confident in AIG's ability to pay all its debts and
would lower its credit rating. That has formal implications: It means AIG
has to put up more collateral to guarantee its ability to pay.

Just when AIG is in trouble for being on the hook for all those CDS
debts, along comes this credit-rating problem that will force it to pay
even more money. AIG didn't have more money. The company started selling
things it owned-like its aircraft-leasing division

3. All of this has pushed AIG's stock price down dramatically. That makes
it even harder for AIG to convince companies to give it money to pitch
in. So, it's asking the government to help out.

AIG might be in trouble. But what do I care? Because the global economy
could, possibly, come to a halt.
Banks all over the world bought CDS protection from AIG. If AIG is not
able to make good on that promise of payment, then every one of those
banks has lost that protection. Overnight, the banks have to buy
replacement coverage at much higher rates, because the risks now are much
worse than they were when AIG sold most of these CDS contracts.

In short, banks all over the world are instantly worth less money. The
numbers seem to be quite huge-possibly in the hundreds of billions. To
cover that instantaneous loss, banks will lend out less money. That means
other banks can't borrow to pay this new cost, and weaker banks might not
have enough; they'll collapse. That will further shrink the global pool
of money.

This will likely spur a whole new round of CDS payouts-all those
collapsed banks issue bonds that someone, somewhere sold CDS protection
for. That new round of CDS payouts could cause another round of bank
failures.
Generally, with enough time, financial markets can adjust to just about
anything. This, though, would be an instantaneous transformation of the
global financial system. Surely, the worst part will be the confusion.
CDS are largely over-the-counter instruments. That means they're not
traded on an exchange. One bank just agrees with another bank to do a CDS
deal. There's no reliable central repository of information. There's no
way to know how exposed a bank is. Banks would have no way of knowing how
badly other banks have been affected. Without any clarity, banks will
likely simply stop lending to each other.

Since we're only just now getting a handle on how widespread and
intertwined they have become, it seems possible that AIG, alone, could
bring the global economy to something of a standstill. It's also possible
that it wouldn't.

[joseph0487]

Philippine CPA is a lot challenging than US CPA. Sa US CPA, they just give simple problems sa simulation, basta alam mo ang process, madali na. Yung essay is 10% yata, normally related sa problem sa simulation.

oh ok. Kelan ka po nagtake ng US CPA Board? mas mahihirap parin ba yung mga problems sa mga book reviewers?

[yhctim]

Hi San ka sa caribbean? Dito kasi ako sa Cayman Island.





hello pinoy Accountants!

i applied to several job postings in the Caribbean, but I was surprised when 2 recruiters and 1 direct employer informed that they can no longer hire Filipino Accountants for now because of POEA restrictions?????? wft?!?!?!?!

my recruiters are Baraud, Affinity and CMLOR and I'm in close contact with their Recruitment Specialists. I was actually interviewed by Baraud and Affinity 2 months ago, but when I sent them emails to follow up my application, they told me that they can no longer continue with my application due to POEA restrictions.

I told them that I am not aware of it, but no replies as of this date.

any pinoys in Bermuda, BVI and Cayman Island?
anong balita dyan? wala naman akong nababalitaan na may quota ang number of pinoy accountants na pwedeng pumunta dyan.

I've been applying to several positions in Caribbean for almost 2 years but still no luck. it's really frustrating. tapos ganito pa ang gagawin ng POEA? :(

[taga-BUKID]

Bonjour!

Im here in Luxembourg (a small rich country near Belgium, Germany and France).

Talaga.. pupunta ka ng sa December? Sayang, baka ala ako dito sa Dec, dahil uwi ako ng Pinas eh (IF ever di matutuloy ang paglipat ko sa Dubai.. hehehe)

Why the move to dubai? i thought mas rewarding nasa European country kesa sa dubai? in what aspects did you consider dubai more than Lux?

Pay wise? proximity? culture?

please explain po, para ma enligthen namn kami sa international options.

Thanks!

[kaye_82]

^^ I also got curious about the move to Dubai, maia801.

Anyway, if ever nandito ka na, kitakits na lang. :)

[LodRose]

maia801 - same as kaye_82 - that was what i meant (kahit ni kami nga di pa nagkikita ehehehe)

[kaye_82]

maia801 - same as kaye_82 - that was what i meant (kahit ni kami nga di pa nagkikita ehehehe)

Hehehehe pag may kaladkaran im just a text away, basta inform me ahead of time (like, 2-3 days before, alam mo naman hectic ang sked ng mga artista, hahaha jowk! :lol: )

[yhctim]

just keeping this thread up

[wacky_wacks]

busy season?hehe..no posts eh ^_^

[taga-BUKID]

hi to all...

speak up guys...

how does the current crisis affecting the roles of auditors? and one thing, how's the current environment now in your offices? i heard there are retrenchments in the big 4 audit firms other than the private companies in the US, care to update us on this?

Thanks!

dito samin, so far, ala pa namn ako naririnig.

[jesse_cpa]

Hi!

I just passed the cpa board last october.. in two years we will be moving to the US.. ask ko lang po what kind of jobs should i be exposed to in order to secure employment in the US as an accountant.. what certification exams should i take? what company should i apply to?

please help.. thanks..

[taga-BUKID]

hmmm, mag audit ka sa SGV, galingan mo para senior ka na after 2 years, masterin mo ang IFRS, by that time likely to convert na from US GAAP to IFRS and US.

if strong background mo sa IFRS, im sure malaking bagay sa kanila **, learn US GAAP na rin at the same time, to identify differences bet the two.

*** *** naisip ko sa *****, maya ulit....

[cuteguy23m]

Hi to all Big 4 CPA Pexers!!!

Would like to inquire (esp. from BIG 4 CPAs) if working with Transaction Services Area is also a "good" path apart from the traditional career path of being in the External Audit?

I'm considering working in a Transaction Service in a Big Four here in the Phils. Does that post (Trans. Service) also in demand abroad or even "pirate-able" in our country or in abroad?

Hope to hear from you guys.

Cheers

[m_mich_18]

Hello!

I am planning to work abroad in 1-2 years.
I have one year experience in IT Audit in one of the big 4 companies in the Phlippines. After that nagshift ako into advisory practice focusing on business process improvements and ERP consulting. I'm planning to take the CIA exam next year (2009) and CISA the following year (2010).

With this plan and work experience, may chance na ba akong matanggap abroad in 1-2 years? Gusto ko sana sa UK or Australia e. Ano anong mga jobs ang pwede kong applyan at in-demand? Ok ba yung path na tinatahak ko? I need your advice.

Thanks. :)

[gwaps_ako]

Ironwill,

I'm a new guy here sa New York. Gusto ko rin mag-take ng CPA board dito.

Just want to ask kung magkano nagastos mo sa pag-take ng CPA board? E.g. Registration, review, books, etc.

Thank you!

[urahara-san]

Hello to all,

I am an Industrial Engineer recently offered a career in auditing....
I was wondering if these 2 mix together and if there are guys out there who are Industrial Engineers-Certified Internal Auditors...as I am still quite worrysome if tama ba tong new career na pinili ko...

share your thoughts please....

[Tanyah]

hey guys share your experiences naman in pinoycpa.com :)

http://www.pinoycpa.com/index.php?referredby=208

referred by: tanya

[icespark]

Hello, this is such an interesting thread. Have been trying my luck for h1b visa sponsorship in the US for an auditing firm (doesn't need to be big 4, mid-tier is ok) but to no avail. For those who are aware, only 45,000 H1b visa applications have been filled to date and a total of 20,000 more are left to be filled out. Unlike in previous years, in the first week of April, the annual cap has been significantly exceeded already. The surplus position greatly shows the impact of economic recession in the US.

To those who are working in the US - I've been trying my luck for so long to apply online but to no avail... Baka naman your audit firms are willing to sponsor? Ang dami ko ng inapplyan but they don't pay notice. I'm a senior associate in a big 4 firm in the PI with four busy seasons of rich IFRS financial audit experience already. I want to leave already asap but I have no employer yet.

Hope to hear from you!

[fayecience28]

Ano ba yung requirements and process to be able to work as an accountant abroad?.. Im an incoming 2nd yr college student, taking up accountancy.. Maganda ba talaga future ng mga accountants?.. I really dont wanna work here in the phils because of the low pay. Im actualy having thoughts whether to continue this course or shift to nursing, just like everybody else who are in seek of the greener pasture..

[SanaNgaPo]

Hi!
Just keeping the thread alive. hehe
Those interested for a US job, I know of a recruiter who can help. He's specifically looking for auditors. Just PM me.

-CPA din ako, recently got my US H1B visa approved days ago

[arloistic]

singapore accountants and auditors, anyone?

bukid, may kasama pa ba tayo dito? :)

:D

[redmonski]

singapore accountants and auditors, anyone?

bukid, may kasama pa ba tayo dito? :)

:D

Yup! ako po accountant, going 1 year pa *** dito sa Singapore.

[Revilo X]

Hi po, ask ko lang po sa mga accountants abroad, kung ok naman po ba ang pay dyan? tsaka ano po ba ang minimum requirements sa abroad aside from being a CPA?

thanks po!!!

[dayanetic]

Hi po, ask ko lang po sa mga accountants abroad, kung ok naman po ba ang pay dyan? tsaka ano po ba ang minimum requirements sa abroad aside from being a CPA?

thanks po!!!

The pay is good but the standard of living is high.

A certification is not a requirement but is an advantage.

Minimum requirement: GUTS