A Counting School - Hardcore Chartered Accountancy

Deloitte joins the rest of the Big Four - staff to receive overtime

I'm not at all surprised that you'll find my site if you Google big four Canada overtime - I already pointed out that three of the big four are paying out overtime to their non-CA staff and seniors . n.b. provincial laws treat CA, CGA, CMA and CPA and students registered to study for those designations as "professionals" ineligible for overtime pay, regardless of rank. Well now it turns out that all of the big four are doing it - Deloitte & Touche has joined the party . A kind reader who worked for Deloitte pointed this out to me - Deloitte's non-CA staff's overtime hours are about to stop being "unpaid". The news isn't that fresh, but this isn't the sort of thing you see on the front page of the newspaper - unless you Googled "deloitte Canada overtime" you might not be aware of it. All the facts for Deloitte are available at the website they setup otplan.ca - a URL which redirects straight to a deloitte.com page . The general details...

How to get an accounting job in the 'off season'

If you're not familiar with CA firms, you may be a little surprised to know that there's such a thing as "recruiting season." Employers will come around university and college campuses during set times of the year - both in Canada and the US - to interview potential employees en masse . The phenomenon of ‘campus visits’ is especially pronounced in the US where there’s a plethora of colleges to visit - smaller campuses often miss out on visits from the Big Four and students who want to get noticed with an in-person interview end up having to travel to a campus visit taking place at another larger school. A reader asks what to do if you had the misfortune to miss out on recruiting season - or were simply unsuccessful in the hunt for a position . Above: Non-big-four recruiting poster in Buffalo's airport. Photo credit: Krupo (as usual) I'm grouping both scenarios together because the methods of dealing with either scenario are ultimately the same. Figure out what...

1158 pieces of mail, but I only opened one piece

A week after they sent me the e-mail making it official, my certificate finally showed up at the office, proudly proclaiming to the world that I'm a CA. Whee! The other 1157 pieces of 'mail' where spams that hit me - roughly as much as last month . Although the ICAO should probably be ashamed of itself for actually INCLUDING some old fashioned junk mail with the certificate - an offer for insurance with TD Meloche Monex. How. Incredibly. Tacky. Whoever thought of that idea should be stripped of their CA, if they have one, for bringing disrepute upon the profession. We have a bylaw along those lines which mandates for an expulsion or a flogging of some sort. I say we enforce the rules, even if the offender does work for the Institute. Scratch that. Especially. I exaggerate a bit - they're quite nice and friendly people at the ICAO. Their procedures could use some efficiency improvements, though. You see, I noticed that although my e-mail arrived last Friday, but it was the...

Pervasive Qualities chuckle at Consulting Firms

This is what I think of when you say consulting . The link pops up straight to a chart outlining a ten point scale showing how close someone is to quitting. Despite what you're about to read below, this is one scenario where you can actually replace many of the instances of the word "consultant" with "auditor" in the above linked article. Some will argue it's a matter of semantics between to distinguish between "advisory" and "consulting" work, as the Big 4 - aside from Deloitte - have largely shed their consulting practices. Yes, "just legalistic semantics." Until you identify the mindset present somewhat satirically presented by Getting Drunk in First Class . Above: And they also often stay in posh downtown hotels. Aside from being a way of doing business where you're actually setting up and running things versus just testing and suggesting, consulting has also acquired a kind of a bad rep from what I've seen . Just pick...

Do you want to write now with a 50% chance of success, or wait until next year and have a better chance?

Neil has a fun little conversation going on the topic of the 2007 UFE . The discussion branched off into the question of why Ontario did worse than the national average and what could be done to improve matters. Could forcing candidates into a 2-year program improve matters? Paul says no, " Low provincial/regional pass rates are always hard to swallow and can undoubtedly be improved by increasing the amount of screening and the length of the education period prior to allowing a UFE candidate to write for the first time. However, I question whether a higher UFE pass rate would make the program more attractive to potential entrants. After all, what’s the benefit of making it easier to get THROUGH the UFE if it makes it harder to get TO the UFE in the first place?" Assuming pass rates of 80, 80 and 75% on the three exams, the average first year writer has a 48% chance of passing, and Paul says that this is still better than the 0% chance you have of "passing" in your first...