Assurance
Financial Services
Academics
Tax
Audit
100
Do you need a CPA?
Typically yes
100
Is a CPA required?
No
100
What degree do you need to teach accounting?
At least a Master's degree
100
Is CPA required?
Yes
100
Is a CPA required?
Yes
200
Name different types of assurance
Risk, IT risk, Actuarial
200
Is master's degree required to work in financial services?
No, but it is required
200
Do teachers make as much as a partner of an accounting firm?
Absolutely not. But you do get to teach children
200
Name a benefit of working in tax
You can do your own tax return and save money
200
What is a audit?
A detailed examination or evaluation of an entire department, company, etc.
300
What are some important qualities to have for assurance?
Analytical skills, communication skills, and detail oriented behavior.
300
What type of companies/institutions are in financial services?
Banks, credit unions, credit-card companies, etc.
300
True or false: Professors only work during the school year
False. Professors must make teaching plans, possibly research, etc.
300
Name some skills to be successful.
Organizational skills, written, verbal, and interpersonal skills
300
What is a auditor explicitly required to do?
Document the auditor's understanding of the entity's internal control
400
What is the purpose of assurance services?
To review any kind of financial document or transaction
400
What are some things that financial services have to avoid?
Fraud and bias
400
Does being a professor involve a flexible or rigid teaching plan?
It depends. The school usually decides
400
Where do most tax accountants spend their time?
In the office
400
Name a type of audit.
Financial, operational, compliance, information systems
500
Name a company that does assurance.
Liberty Mutual, KPMG, Ernst & Young
500
Do people in financial services work more internally or externally with clients?
Usually externally
500
Explain the difference between a full-time and adjunct professor.
Adjunct: no health benefits, paid by the course at 1/3 rate of tenured professors Full-time: health insurance, higher salary, job security
500
True or False: Tax accounting has the same rules every year.
False. They change from year to year
500
Name the 4 biggest audit companies.
KPMG, Ernst & Young, PriceWaterhouseCoopers, Deloitte
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