We have a Busy Season because....?
1) all publicly traded clients have to be audited.
Having said that, most big companies are audited by a Big 4 accounting firm. That means, Facebook, Google, and Apple are audited by either PwC, KPMG, Ernst & Young, or Deloitte. In our previous post, I covered that the aforementioned firms were all audited by Ernst & Young.
So, if you work for a Big 4 accounting firm, chances are you will have a busy season. You know what forget about chance, you MOST definitely will have a busy season.
2) you want to learning how to read the 10-K.
The 10-K is the main reason auditors have jobs. While many of us perform quarterly work, which may involve looking at a recent acquisition's documents and reviewing large fluctuations year over year or quarter over quarter, all of that doesn't compare to what we go through from January through April.
So, without a 10-K we wouldn't have a busy season! Hurrah!
But, at the end of the day, you can't help but think. What are you really doing working until midnight. Your best friend got off work at 5:30PM. You missed the happy hour and will likely have to work until midnight again the next day.