Work Experience Requirement - Financial Statement Auditor accounting, experience, through, trouble, public

ikoreaii

Hi all,
I’m trying to manage my expectations for when I (hopefully) get through the final exam next year. Has anyone had any trouble pushing public accounting experience through as applicable work experience? Many of the clients I audited were financial institutions.
Thanks!  
Dan

suyash1989

I got mine approved and I’m a auditor.

PalacioHill

It depends on how you embellish, er… describe your work experience. If in doubt, just copy and paste the sample description on the CFAI website.
http://www.cfainstitute.org/about/membership/process/Pages/work_experience_descriptions.aspx
Auditor:
“I performed financial statement audits of companies that carried significant assets and liabilities subject to fair value accounting. I assessed the reasonableness of the valuations and assumptions behind the valuations of those assets and liabilities.”

Rasec

I had no problem getting audit experience approved although it was accompanied by a chunk of experience relating to valuation and M&A advisory that I started subsequent to my audit days.
That said, I come from an accounting background and know of many people that have had this time approved.

suyash1989

shockermandan wrote:
Thanks Frank. I just saw that 3% of charterholders are Accountants/Auditors. Not a huge number, but the fact that they recognize the profession means my chances are probably pretty good.
You’re in like flynn. Even though I work for an accounting firm, what I do has less relevance than what auditors do.

anish

Thanks Frank. I just saw that 3% of charterholders are Accountants/Auditors. Not a huge number, but the fact that they recognize the profession means my chances are probably pretty good.

edgeon

People have gotten their work experience approved with less. ..