PwC Risk Assurance
Can anyone shed some light on this group or assurance in general? Does it completely suck? Are there decent exit ops? From what I understand, its basically internal audit work.
Also, does anyone know how feasible/realistic it is to switch from the assurance to advisory service line (in any of the Big 4)?
Big 4 Risk Assurance Overview
Our users shared that “risk assurance” is typically auditing IT controls function and users with experience in the field personally found it to be an underwhelming career track with lackluster exits if you look to pursue something different afterwards. Our users share their thoughts below.
"Assurance" in general is PwC's word for auditing. "Core" assurance means standard auditing, while "risk" assurance means auditing of IT controls. Risk assurance is the most boring part of auditing. Most people I know in these types of positions (PwC and elsewhere) exit to an IT auditing or accounting position in industry, or a straight accounting role to try to escape the IT label. You might be able to make it into advisory from risk assurance, but it won't be anything but IT advisory. E&Y actually puts this division into its "advisory" offering already, but that doesn't mean the nature of the work or exit ops are any different.The best move from risk assurance is to core assurance/regular audit, and it is very doable if you perform well.
I actually interviewed in the 'risk assurance' group at Deloitte (ended up working in PwC audit and transitioning into M&A group before quitting) and it sounds like it is the same deal. Deloitte called it 'consulting' I believe, but yah, like 808 said - it's IT related and is incredibly boring.When I was on audit engagements these guys basically came in and got all the data dumps from our clients IT dept. and if something didn't match up they got real involved in figuring it out - super tedious work.
I'm currently working for PwC IT Risk department but as the time goes by I realize that this is not really what I do look forward to be doing in a matter of years down the road, it's really boring, and I'm not really growing up as I would like.
Check out another thread on this topic.
You can read more about PwC on the Wall Street Oasis Company Database.
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Risk Assurance group is basically audit that handles mostly IT related controls of clients. You probably could move into advisory but it will likely be IT related as well.
"Assurance" in general is PwC's word for auditing. "Core" assurance means standard auditing, while "risk" assurance means auditing of IT controls. Risk assurance is the most boring part of auditing. Most people I know in these types of positions (PwC and elsewhere) exit to an IT auditing or accounting position in industry, or a straight accounting role to try to escape the IT label. You might be able to make it into advisory from risk assurance, but it won't be anything but IT advisory. E&Y actually puts this division into its "advisory" offering already, but that doesn't mean the nature of the work or exit ops are any different.
The best move from risk assurance is to core assurance/regular audit, and it is very doable if you perform well.
I actually interviewed in the 'risk assurance' group at Deloitte (ended up working in PwC audit and transitioning into M&A group before quitting) and it sounds like it is the same deal. Deloitte called it 'consulting' I believe, but yah, like 808 said - it's IT related and is incredibly boring.
When I was on audit engagements these guys basically came in and got all the data dumps from our clients IT dept. and if something didn't match up they got real involved in figuring it out - super tedious work.
Deloitte actually offered an additional 2k in salary for this role, not sure if PwC does the same.
Unless you are looking to get into IT / are a computer guy - this is NOT for you.
This is consistent across firms. They have to do this - it's the only thing making people take risk assurance over core assurance, and more importantly keeping them in risk assurance after they've figured out what it is.
Yikes, thanks all for the replies. I'm currently in advisory at non-Big4, & not an IT guy at all. Had a Pdubs recruiter call me about a risk assurance spot, and thought it could be my way of finally breaking in to the firm (and subsequently switching service lines). Guess it's back to the drawing board!
Hi guys, I'm new in here, so bear with me :) I'm currently working for PwC IT Risk department but as the time goes by I realize that this is not really what I do look forward to be doing in a matter of years down the road, it's really boring, and I'm not really growing up as I would like.
So I'm pondering over a change into auditing, do you think guys, this is actually possible?, I've been asking around some advisory consultants that made the move, from risk to advisory, but I don't know anyone who moved into auditing.
Thanks
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