Third-Year Experienced Associate at PricewaterhouseCoopers
about 2 years ago
A third year experienced associate is typically the level right before making a Senior. However, there are certain requirements that you must also meet prior to becoming a Senior, like having passed all 4 parts of the CPA exam. When I was a third year, I was pretty strong and therefore my managers were allowing me to essentially act as a Senior. This means I helped out with a lot of the audit planning, being in constant communication with the clients, and potentially ran the audit work. I had a couple first and second years under me who would look to me for guidance on how to test different areas such as cash and accounts receivable. I was in charge of testing more of the difficult areas as well as being a first reviewer on the first and second year's work. This was my experience, however, depending on how one quickly develops and understands auditing, can mean that they will have a different experience.
As an Assurance Associate at PwC you test financial statement accounts to ensure the proper recording of financial performance. As an associate you tend to work on accounts such as cash, accounts receivable, property plant & equipment and salaries. You work with your team and the client to collect evidence so that you can test these various accounts.
In my experience as an Assurance Associate, I got the opportunity to work on multiple engagements within the year. I enjoyed the diversity of clients I had and through the various engagements I was on I met a lot of people within my industry and practice. I also liked the independence I had as an Assurance Associate. I was given a lot of responsibility and ownership over my own work. With that independence came the opportunity to interact with client contacts almost from day one. I often would speak to accounting managers and controllers on my own. This developed my client service and interpersonal skills. Something I did not like about being an Assurance Associate were the long hours. During busy season (typically January - March) I worked until 11 pm most days. Sometimes, engagements ran long and I would work until 10 pm through May. I did not like the long hours for such a long duration of time.