Can someone please explain what design attributes are when testing controls?
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Big 4 salaries come with big burnout risks. I'm currently at Deloitte, and I'm running on fumes. However, I'm too afraid to take a step back or take time off because I never know when layoffs will hit and I don't want to be seen as weak. So I keep pushing myself. How do you guys work yourself to the point of exhaustion and yet avoid burnout?
Do you guys send your kids to daycare with their cellphones? My kids are starting their summer daycare program next week but the center doesn't want kids to bring tablets or cellphones. I feel like I want my kids to be able to call me if they need me. So, I'm thinking of putting their phones in their bags, on silent anyway. I'm paying a fortune to this center, I should get some say here.
Do you think age (or perceived age) factors into promotions or raises? Curious about the typical age that people are promoted to principle, sr. manager, manager, etc, or does the vary by industry? I’m on the younger side but have a lot of work experience so wondering if age will hurt me in future promotions
Who in the hell thought open floor office plans were a good idea? We were pulled from our WFH setups to work in an open floor plan. There is no privacy and I can hear everyone's conversations. It's so hard to focus. Not to mention the smells. Everyone's perfumes, colognes, and lunches merge together and the air is so toxic. How is this setup supposed to improve our productivity?
There's a special place in hell reserved for the asshole who invented internal controls testing.
They are the specific step by step details of the control that the control owner performs to meet the objective of the control. Based on the design attributes, we create our testing attributes, to then test that each of the design attributes of the control were performed by the control owner.
It takes bean counting to the extreme and says not only must we accountants count them beans, but we gotta be sure the guy doing the counting of them beans did it in just such a perfect way that even though we independently recounted the beans he counted and we got the same total as him, we gotta make sure there's no way he (and we?) miscounted. The argument that a company could have a clean substantive audit and fail on an internal controls (integrated) audit and we'd ding them in the opinion letter, is simply maddening. #KillSOX. #FAKEaccountingwork
^ yep. Think of it as the theory behind the execution of the control.