Company: Deloitte
Date: 2012-02-15
Overall rating: 2/5
Employment status: current

Pressure Cooker
Pros: They'll let you work as much as you want.  Plus, no matter how late, someone else will still be there when you leave.
Cons: The audit practice for public company audits faces a serious problem.  Keep audit fees the same, keep salaries the same, but perform audits at a higher than ever standard.  The PCAOB is applying pressures that clients and investors don't care about, so we audit in a state of paranoia.  The squeeze is performing these more detailed audits in conformity with regulator's standards, using the old revenue/salaries results in incredibly overworked staff.  I've never worked so much my entire life.  Worst of all, 88% of what you do each day, is documenting what you did the other 12% (actual auditing).  Not necessarily blaming DT, but any other business would look at their employees and see that working beyond 70 hours a week, even during busy season, is a call to add more staff.