Audit in Deloitte Careers

What makes our Reading office special?

Group 2

Situated in the heart of Britain’s IT corridor, the Reading office presents fantastic opportunities for graduates interested in developing careers working with a truly diverse client base.  Our people find themselves in a unique position where they are provided with the opportunity to work with a variety of companies ranging from the largest FTSE 100 and Fortune 500 brands to privately owned fast moving entrepreneurial business across all industry sectors.  Our globally diverse client base provides our graduates with opportunities to coordinate with our other UK as well as global offices, thereby assisting their development as a 21st century professional.

The Reading office is the largest office outside London and has around 600 people working across all four of our service lines (Audit, Tax, Consulting and Corporate Finance).  This means the opportunities to learn and grow are endless. 

We encourage our people to work with their counterparts in other service lines right from the start of their career with us.  We offer office-wide initiatives to promote networking to help develop business and professional skills vital to everybody’s success (which also leads to developing some lifelong friendships!).

New joiners can expect a wealth of support upon joining Deloitte.  Every new joiner is paired with a ‘buddy’ who mentors and offers support in the initial weeks and months.  There are regular training sessions and constant professional development is encouraged and delivered across the grades.

Aside from the fantastic professional development opportunities, Reading is at the forefront of leading our Corporate Social Responsibility projects.  We have both formal and informal charity support arrangements in place.  We encourage our people to actively participate in such opportunities and the firm allows each individual to spend 3.5 hours each month specifically on community investment projects.  Our office often participates in “Community Investment” days – where the whole office spends a day with a number of different charities in the region doing things like painting, gardening and building – just giving something back to our local community.  Our people also have the opportunity to participate in a number of nationally acclaimed charity events – be that the annual Paralympic “Ride Across Britain” event or climbing Kilimanjaro!

Given the unique size of our Reading office, each graduate is presented with the fantastic chance to gain greater exposure to senior members of teams and therefore enable them to interact and gain experience from them on a regular basis.  As a firm we are supportive of agile working and our people are actively encouraged to take advantage of the flexibility the firm offers us

The Reading office is the ideal place of choice for anyone looking to explore differential opportunities within the Big 4.  Our size and breadth means that we can offer an unparalleled opportunity to all of our people to professionally develop in a way that’s personal to them – allowing each individual to achieve their career and life aspirations. 

Anita Grant 2Anita Grant, Tax Partner in Reading

Anita is the Partner leading the SE Executive Remuneration team and has been advising remuneration committees and companies on reward strategy, share and incentive scheme design, and developing tax efficient and commercially effective pay structures in the UK and many other jurisdictions for over 15 years.

 

 

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Posted on 12/02/2015 | 0 Comments

A month in audit

This is the first of a series of blogs that I am writing to give prospective joiners an idea of what life is like during the first few years of the Deloitte graduate scheme. A new blog will be posted every month, each with a different theme and perspective, and you can keep up to date with my new postings by following the graduate careers team on Twitter: @DeloitteUKgrads and Facebook: www.facebook.com/yourfutureatdeloitteuk

This first blog aims to give you a taste of what a month at work is like for me by taking you through my experiences in the past four weeks.

First taste of managing

I have just been given the results of my last professional stage exams. I’m relieved to have them out of the way, but its straight back to work! November started with a few days returning to a big retail client.

It was my first experience of mentoring a new joiner, a fresh responsibility for second years that involves answering lots of questions and making sure that they leave on time for the evening’s exam prep.

There have also been plenty of other opportunities to meet some of the new joiners in our buddy group meetings and department socials. The buddy groups combine four people from each year group together and the group leader organises regular socials in the bar below the office.

Working hard

Another new experience that week was working directly with a partner to finish an audit from October of a small subsidiary company. As it isn’t normally the task of a second year to finish an audit file, this was a steep learning curve!

The next three weeks were split between audits at a law firm, a restaurant group and a marketing company in the heart of the city. At the marketing company I enjoyed developing a good working relationship with the FC by discussing what the key challenges and opportunities are for them and their strategy going forward.

It’s not all about work

It’s been far from all work and no play in November. The bi-annual pub quiz took place, and in a team of my intake we showed that we still had a lot to learn on our general knowledge beyond sports and geography. A few beers definitely helped to console our poor performance!

A few days later, having a meal at a Peruvian restaurant was an excellent way to celebrate the end of a demanding summer job, and a good chance to relax with colleagues outside of the audit room.

Deloitte has a wealth of social club and sport opportunities to get stuck into and meet people beyond the department. November saw the final mixed hockey match of the year at Battersea Park in fog so thick you couldn’t see the other side of the pitch.

Playing hockey with other departments and against other companies has been a great way to meet new people over some pizza and beers in the local pub afterwards. The hockey team is now looking forward to defending the annual Corporate Games trophy in June.

 

Ross Hannah

Ross HannahRoss graduated from the University of Bath in 2013 with a master’s degree in Mechanical Engineering. Having worked as an engineer in two aerospace companies, he decided to pursue a career in accountancy following his degree for a different challenge with excellent future prospects. Following a brief summer of travelling in South East Asia, he joined the London audit office as a member of the Consumer Business corporate group. Since joining, he has passed the first 12 exams of the ACA qualification and works with clients across London and the South East in a variety of industries including retail, manufacturing, professional services and marketing.

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Posted on 09/12/2014 | 0 Comments

Economics & Employment blog #2: Hiring is back on the agenda.

Hello again. In the latest in our series of blog posts inspired by insight from our Chief Economist Ian Stewart, we look at how business confidence is putting recruitment of talent back on the boardroom agenda.

The UK economy has delivered many positive surprises in recent months, with the latest GDP data showing that output was 3.1% higher in the first quarter of this year compared to a year earlier. This represents the fastest pace of growth since before the financial crisis, and has beaten most economists’ forecasts for growth.

These strong output numbers have reflected many of the results we have been seeing in our CFO Survey recently. Risk appetite among the Chief Financial Officers of the UK’s largest companies rose to a six-and-a-half year high in the first quarter and our index of economic and financial uncertainty has fallen by a third over the last year.

Encouragingly one of the biggest improvements we have seen recently can be found in CFOs expectations for the jobs market.

In the years following the financial crisis CFOs have been fairly pessimistic about the outlook for new jobs in the UK. Between the third quarter 2010 (when we first started asking CFOs about their views or hiring) and the end of 2011 an average net -16% of CFOs believed that UK corporates’ hiring would rise in the following 12 months. Over the same period only a fifth (+19%) of CFOs thought there would be a rise in hiring, compared to more than a third (+37%) who thought hiring would be scaled back.

Pessimism about hiring peaked at the end of 2011, when a net of -71% of CFOs thought hiring would fall in the following 12 months. Astonishingly, not one of the CFOs that we surveyed in Q4 2011 thought employment would rise in the following year.

The views of these CFOs – who typically represent around a third of the UK equity market – were borne out by the employment numbers that followed. Throughout 2012 employment growth fell steadily. Year-on-year growth in employment fell from 1.4% at the beginning of 2012 to a low of 0.1% at the start of 2013. A total of 206,000 workforce jobs had been lost through 2012.

The good news is that our CFOs expectations for hiring have changed in a big way in the last year. Optimism about hiring reached a peak in our latest survey, for Q1 2014. A net +81% of those surveyed believe UK corporates’ hiring will increase over the next year, with an average reading of +58% for this indicator over the last four quarters.

So far the recovery from the financial crisis has not been driven by businesses investing in hiring new staff, capital expenditure or discretionary spending. The fact that CFOs are now so bullish about expanding workforces in the next 12 months bodes well for the UK jobs market and for the sustainability of the recovery we are seeing in GDP.

You can keep up to date with the economy as it shifts by subscribing to the Monday Briefings at http://www.deloitte.co.uk/mondaybriefing

And of course, we'll have another in our series of Economics & Employment blogs to share shortly.

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Posted on 01/05/2014 | 0 Comments

Economics & Employment blog #1 - Could the squeeze on wages be about to loosen?

Thanks for clicking. Every month the economics team here at Deloitte look at significant economic trends from the point of view of the recruitment marketplace, and we are then able to share the resulting blog post with you. Number 1 is below.

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Posted on 19/02/2014 | 0 Comments

Social life in the Birmingham office

Life at Deloitte is not all about work, and this is evidenced by the thriving social scene and the variety and wealth of opportunities to socialise with colleagues out of the office.

The Annual Dinner is the highlight of the social calendar and is generally held in late-September, making it the ideal chance for any new starters to get to know the rest of their team, as well as other people from the whole office. In Birmingham, this black-tie event is traditionally held at the prestigious International Conference Centre and recent attendance of staff plus guests has been close to 700 people. The format of the night involves entertainment, such as casino and fun fair games, and dancing after the meal, as well as a host of fundraising activities in aid of the office charity.

DrinksIn addition to this annual event, there are also other events organised for the whole office and open to all service lines. ‘Atrium’ drinks are held on the first Friday of each month, and these consist of a congregation in the reception after work, with drinks and finger food provided. This is a great opportunity to catch up with other people in your department, as well as a perfect chance to build and maintain relationships with people from other service lines.

 

As well as the office socials, each department is likely to host their own social events and in Audit Advisory these are held on a monthly basis, with a different activity each month. Previous socials have included go-karting and quizzes, allowing colleagues of all grades to interact in a relaxed environment. As a first year, these chances to mix with senior team members have not only been very enjoyable but has also increased my confidence in interacting with Directors and Partners. The Christmas party is another Audit Advisory-specific social and last year this involved a three course meal at a Birmingham restaurant followed by drinks at a range of bars. On a more informal basis, people will often send out an email to everyone working in the department on a particular day to see if others fancy going for lunch or a drink after work.

By studying for the ACA qualification you can also join BCASS (Birmingham Chartered Accountants Students’ Society) and this group organise socials every month. Wine tasting, sports tournaments and pub quizzes are all examples of previous events and these are a good chance to meet people from other firms; the annual BCASS ball is a great night too – in a similar vein to the Annual Dinner but open to all ACA students in the city.

In addition to these social events, there are also a host of sports clubs within the office that are available to people of all abilities, from all service lines. Five-a-side football is organised on a weekly basis, with games between staff held at local astro-turf pitches. There are also teams for other sports such as cricket, hockey and netball that play in friendly matches and compete in local leagues throughout the season. These teams are a great way to keep fit as well as a chance to socialise with colleagues who share similar interests. Anyone interested can sign up to the mailing list to receive invitations to matches and training sessions, meaning you can confirm attendance when you are available but you aren’t obliged to attend when you are too busy or have other plans.

I have lost track of the number of social events I have attended since I started in Audit Advisory roughly 12 months ago, and I have managed to forge strong relationships with the rest of my team but also staff members from other service line.  Whether you have an active interest in a particular sport or you just like to wind down at the end of the week with a couple of drinks, there will always be a chance to mix with like-minded colleagues.

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Posted on 16/08/2013 | 1 Comments

Why Deloitte?

Early in your career it’s a good idea to join a big firm. Deloitte heavily invests in your development. You will gain professional qualifications that will boost your CV. You will receive a lot of training along the way that will give you hugely valuable skills. I was sent to Dublin for three weeks to learn Java. Having never done coding I experienced a steep learning curve (and got to discover Dublin which I had never been to).

At Deloitte you also have a much broader range of options as to where you want to take your career. We are such a big firm that no matter where your interests lie, there will always be something for you. We work across the private, public and financial sectors and within those cover a wide range of industries. We work for the automotive industry, the healthcare industry, insurance firms etc. Though you are initially encouraged to get a flavour across the board, eventually people specialise in one area.

Another great thing about Deloitte is its community investment. There are a lot of charity events, such as the Christmas Pudding Race, and Movember that sees your friends and colleagues make fools of themselves for charity, but also more serious ones such as the Ride Across Britain event. We are also encouraged to do pro bono work where we offer our skills and services for free for a good cause.

Finally, you will meet a lot of impressive and fun people along the way. With a consulting graduate intake of nearly 300 people you will get to make a lot of new friends and will always have someone to go for a drink with after work. There are lots of social events also. Yesterday I was at a “Women in Technology” event  where Judi James, who worked for Big Brother, talk to us about confidence and resilience, and Jay Kumar taught us about Bollywood dancing and the Gangnam style dance. Tonight all technology analysts are invited to an open bar to catch up with our fellow colleagues. Deloitte has a very good stand on work life balance and the social events will mean you will never get bored.

The reasons mentioned above made me choose Deloitte to start my career. Clearly, the statistics about the firm also speak for themselves so check out our website if you want to learn more.

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Posted on 03/05/2013 | 0 Comments

Best bits of working as an auditor in the Aberdeen office

I joined Deloitte in September 2010 with a non-relevant background, having studied Biochemistry at Aberdeen University. Aberdeen had grown on me during my time at university as it is neither too big, nor too small, and within 15 minutes’ drive of the city centre you can feel like you have escaped everything.  I now work as an assistant manager within the audit department in the Aberdeen office and have just passed my final ICAS exam, TPE.  Coming from a non-relevant background, I only had a very vague idea what audit was when I applied. Below I share some of what I see as the ‘best bits’ of working as an auditor in the Aberdeen office. Hopefully this will give you some insight into what is involved in my job.

Travel

I have been fortunate enough to work on audits which have allowed me to travel. I worked on one which was in Houston, another in London and a couple of audits just up the road in Inverness. Other people within the office have travelled to Dubai and as far away as the Falkland Islands. Due to the majority of Aberdeen office clients working in the oil industry, they often have offices in oil & gas hubs around the world. Yes, you still have to work hard whilst away but there is always the opportunity to see the sights at weekends and you could even tag a few days holiday on to the end of a work trip if you wanted.

Meeting new people

To me, this is one of the best parts of working in audit. You are always meeting new people, whether this is new client contacts or just new faces within Deloitte.

On each audit you work in a team with others in order to complete the work needed. The teams you work in can vary in size from just two people, for a very small piece of work, to twenty plus people if the client is a very large multi-national company. You will work on several audits a year and each team will be different, giving you the opportunity to get to meet a lot of different people, from different backgrounds. As you can often spend long hours working together on an audit you have to be able to get along with each other. There are also regular social events going on in the office giving you the opportunity to get to know people from other service lines. The Aberdeen office is one of the smaller regional offices and therefore everyone knows each other to at least say hello to when you pass in the corridor.

As you progress through your training contract you will find that you will work with some of the same clients for several years in a row, whilst others you will only work with once. The longer you work with a client the more you are able to build a really good working relationship with them. It is always interesting to meet new people and to get to know their company.

Variation

I like that what I do each day can vary depending on the client I am working on, the people I work with and on the time of year. Although auditors generally have similar work to do with each client, each company is different and have their individual issues or events that have happened during the year, meaning the work required varies a lot. There is the opportunity to work on a variety of clients, from small owner run businesses to large multi-national companies. There is also often the opportunity to gain experience of other service lines or offices. I had a short secondment to the Corporate Finance department within the Aberdeen office and have worked with colleagues from other offices or departments who have come on secondment to Aberdeen.

There are of course also long hours and tight deadlines at times, but the Partners are keen for you to get as much as you can from a career with Deloitte, and will do what they can to help ensure you get the correct variety of experiences along the way to help you succeed.

Claire West - Assistant Manager, Aberdeen

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Posted on 17/04/2013 | 0 Comments

Security University

 

Todaystech

Starting in Security and Resilience in the Risk Consulting team at Deloitte meant that I spent my first six weeks attending “The Security University”. Having come from a non-technical background I was worried that I would spend six weeks in a confused haze trying desperately to understand what was going on – luckily it wasn’t at all like that!

The University took place at conference venues near the New Street Square office and was attended by the graduates starting work in Security and Resilience, Corporate Security and Penetration Testing - this meant it was a great opportunity to get to know people in the same boat! The Resilience and Corporate Security graduates attended the first four weeks, with Information Security and Penetration Testing attending for six weeks.

The courses were run by colleagues from the Risk Consulting teams and covered a range of topics including; Security Architecture, Introduction to Corporate Security, Information Security, Disaster Planning and Access Management. For two weeks a Wargame ran concurrently with the courses (more on that later!)

The courses were excellent, and aimed at those of us with little technical knowledge; there were also plenty of group activities and lots of opportunities to ask questions – so not at all like my University lectures of the past! Covering such a wide range of topics gave us a good overview of what the other teams within Security and Resilience did and helped us to understand where we fitted into the team as a whole. I came away from the courses feeling like I had a good baseline knowledge which I could put to good use when I started work.

During University time we also took a course in Foundation Level Software Testing, which lasted three days and ended with a multiple choice exam. This was a professional qualification run by ISEB – and required some evening revision – it wasn’t easy, but receiving the certificate in the post a few weeks later made the hard work worth it!

For two weeks we were split into three teams to compete in a Wargame. Over the duration of the exercise the teams were given information regarding a simulated business situation and had to use this to complete various tasks culminating in a presentation to several senior managers/partners. This gave us the opportunity to practice many of the skills we would need as Consultants in an interesting and fun way – despite a large dose of friendly rivalry!

I really enjoyed my time in training, it gave me a great opportunity to learn about my new career but also to meet the people I would be working with in the future – one of the course facilitators is now my manager!

To find out more about Risk Consulting training and development please visit our website.

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Posted on 12/03/2013 | 3 Comments

Destination Leeds

Prof

Why Leeds? I’m a Yorkshire lad born and bred, but I had never really intended to move back up North when I had finished my studies in Birmingham. I won’t pretend it was the weather that made me warm to Leeds, but there were many reasons why I chose not to succumb to the bright lights of London – here’s just a few:

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Posted on 26/02/2013 | 0 Comments

Meeting people and networking at Deloitte

Phone
As I’m sure you already know, there’s a lot of people working for Deloitte – and that can make getting to know people pretty daunting. Of course, starting with an intake of other new graduates gets you off to a good start as these are the people who are in the same situation as you and you will probably socialise with most, especially in the first few months of training. But it’s important to get to know other people in the firm as well – so how do you meet them?

I started off meeting people by attending some networking events that I received emails about. The first was a lecture on Information Security followed by networking and although it was initially daunting to walk into a room full of people I didn’t know I soon found myself chatting away to other people from Risk Consulting who were all very welcoming!

I also attended a networking event held for new starters in both Risk Consulting and Consulting – this gave us the opportunity to meet people from the Consulting arm of the business (who we may work with on projects) and get to know them in a relaxed environment. Well – until the quiz started and our competitive sides came out! It was great to get to know some of the Consulting team and hear more about what their job entails.

Deloitte also has a range of Diversity networks and interest groups. I attended one of the Women in Technology group’s social evenings – which is made up of women from all over Deloitte who work in Technology roles – there was an excellent lecture on body language from Judi James (of Big Brother fame) followed by a Bollywood Dancing lessons – although unfortunately my run for the train meant I had to give that a miss – hopefully next time!

As well as Diversity Networks there are also groups for people who share similar interests – for everything from Theatre to Triathalon and choir to surfing! I love a night at the theatre and so I have joined the Theatre Group and am eagerly keeping my eye out for the next event!

That gives you a flavour of some of the ways you may choose to start meeting people and building your network at Deloitte, whatever your interests there’s bound to be something for you!

Find out more about Deloitte careers on our website.

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Posted on 29/01/2013 | 0 Comments