Who are Big4's auditors

Audit - Associates Duties?

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Audit - Associates Duties?

Good evening dear Wiwi-Treff readers,

I would be really interested in how far the tasks of an associate's audit work in an auditing department go. The main task is the examination. I am now wondering whether this activity really looks like in practice, as I have often been able to read, that you only compare two lists and check marks or make samples.

Are there other responsibilities for an associate? What other tasks will follow in later career stages?

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Re: Audit - Associates Duties?

I've asked myself about that often.
Does anyone know anything about it?

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Re: Audit - Associates Duties?

Yes essentially it is.

Depending on which part of the financial statement is checked, one compares numbers and lists (e.g. for liquid funds "balance confirmations" of the bank accounts with the account balances according to the accounting system; for demands and associations the open amounts communicated by the respective business partners etc.) or checks Excel -Tables for gross errors (inventories, holdings, etc.).

Everything must always be documented, which is why you put a tick next to each compared number, for example.
All printed documents must then be scanned by you, uploaded to the audit software and entered.

The current figures are then typed into the annual financial statements for the previous year.

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The top 15 management consultancies achieved a combined turnover of around 2.8 billion euros in 2019 with 12,600 employees. Their sales in Germany rose by an average of 6.2 percent. Roland Berger is once again the clear number one with a worldwide turnover of 650 million euros. It is followed by Simon-Kucher & Partners with almost 360 million euros. Q_Perior from Munich ranks among the top 3 for the first time with a turnover of 214 million euros. The top topics of German management consultancies are increasing efficiency and reducing costs.

The sales of the top 25 IT consultancies rose by an average of 10 percent in 2019. The top trio of Accenture, T-Systems and IBM leads Accenture with a turnover of 2.4 billion euros in Germany. Capgemini can significantly shorten the gap to the top 3 with 1.2 billion euros. Valantic is new to the ranking with an 11.4 percent increase in sales and acquisitions of the digital agencies Netz98 and Nexus United.

The sales of the top 20 medium-sized IT consultancies grew by an average of 8.4 percent and 250 million euros in 2019. The list is being made for the first time by Adesso SE. With a 19.7 percent increase in sales, the Dortmund-based company was able to make up two places compared to the previous year. Medium-sized IT consultancies expect high demand in the areas of big data analytics and process automation using artificial intelligence.

In 2018, the top 10 management consultancies with almost 10,000 employees together achieved a turnover of around 2.3 billion euros, of a total of 9.1 billion euros. The top 10 sales in Germany grew by an average of 9.5 percent in 2018. The industry expects sales to increase by 10.3 percent in 2019 and 10.4 percent in 2020 and 2021. Roland Berger is the clear number one with a worldwide turnover of 600 million euros. Simon-Kucher grew particularly strongly with 22.6 percent, Porsche Consulting with 24.5 and Horváth with 18.1 percent.

Lünendonk has again identified the 10 largest German management consulting companies with their total sales and employee figures. The top 10 management consultancies achieve total sales of around 2 billion euros. For the fourth time in a row, the leading consultancies grew significantly in double digits in 2017. The top 10 sales grew by an average of 12.5 percent in 2017. The industry anticipates a similar increase in sales for the current year 2018 and 2019. Porsche Consulting grew even more organically with 19.3 percent.

The gap between the Big Four and the other auditing and tax consulting firms in Germany is widening. PricewaterhouseCoopers (PwC) continues to lead the top 25 investment companies and tax consultancies. On average, the 25 leading companies and tax consultancies in terms of domestic sales grew by 7.2 percent. The German sales of the Big Four even rose by 11.8 percent. These are results from Lünendonk's 2017 company ranking.

The top 25 IT consultancies are still on the upswing. On average, the sales of the IT service companies examined rose by 7.5 percent and thus by 1.1 billion euros more than in the previous year. Eight of the IT consulting and system integration companies even grew by more than 10 percent. The top companies hired more than 2,400 new employees.

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PricewaterhouseCoopers (PwC) again leads the top 25 investment companies and tax consultancies. Ernst & Young (EY) made it to second place for the first time, followed by KPMG. On average, the 25 auditing and tax consulting firms leading in terms of domestic sales in Germany grew by 8.1 percent. These are results from the current company ranking of the market research company Lünendonk.

Lünendonk has identified the 10 largest German management consulting companies with their total sales and employee figures. The top 10 sales grew by an average of 9.4 percent in 2015. The industry is anticipating an increase in sales of more than 10.8 percent for the current year 2016.

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German companies are catching up again in terms of innovation leadership. With BMW and Daimler, two German companies are again among the top ten in the world for the first time. Fast, lean and multifaceted innovations are critical to success. This is the result of the study “The Most Innovative Companies 2015 by the Boston Consulting Group.

The 25 largest auditing and tax consultancy firms in Germany achieved sales growth of 6.1 percent in 2014 and expect this to continue in 2015. PwC grew by 2 percent and ranks first with sales of 1.55 billion euros, followed by KPMG with 1.38 Billion euros and plus 3.6 percent. EY is just behind with a plus of 8 percent and sales of 1.37 billion euros. Deloitte follows in fourth place with 729 million euros in sales and an increase of 9.4 percent.

Lünendonk has identified the 10 largest German management consulting companies with their total sales and employee figures. The top 10 sales grew by an average of 9.2 percent in 2014. The industry expects double-digit growth rates for 2016 and is planning a large number of new hires.

2014 was a record year for most of the 25 leading IT consulting and system integration companies. On average, the sales of IT consulting and system integration companies in Germany rose by 7.2 percent. 10 companies even grew by more than 10 percent. The top 25 companies hired 1,700 new employees in Germany.

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