Audit of accounting apprenticeship?
Looking to get into an apprenticeship with accounting but I want to know whether or not it makes a difference for me to go into Audit instead or if it’s basically the same thing.
Also in the Audit application it says “privately owned business”. What does this mean? Thanks for all the help in advance!
Also in the Audit application it says “privately owned business”. What does this mean? Thanks for all the help in advance!
Reply 1
20
It depends on the firm but they are somewhat the same thing.
A privately owned firm is one which is not stock market listed.
A privately owned firm is one which is not stock market listed.
Reply 2
7
Original post
by ajj2000It depends on the firm but they are somewhat the same thing.
A privately owned firm is one which is not stock market listed.
A privately owned firm is one which is not stock market listed.
So would it be better for me to sign up for a firm that is privately owned or go into the public sector?
Reply 3
20
Original post
by humblepenSo would it be better for me to sign up for a firm that is privately owned or go into the public sector?
Well - there are a huge range of jobs so have a think about what interests you and the sort of work you think you would like. Sometimes the terminology can take a bit of getting used to.
When an accounting firm (such as an audit firm or audit department) uses a term like 'privately owned business' this often refers to the client base you would be dealing with as opposed to the ownership of the audit firm. So - a major global firm like EY or PriceWaterhouseCoopers may have departments which specialise in working with privately owned businesses and that department will advertise for staff.
Other departments will work for publicly traded/ listed business - meaning large plc's. This is different to working in the public sector - which means jobs working for government organisations such as the NHS, civil service or a local authority.
All have their pros and cons. Its generally worth applying to a reasonable range of jobs and most will get lots of applicants.
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