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Bigmo7 t1_ixzydgo wrote

Advisory and consulting are basically the same. A small legend and using the same naming convention would have been really helpful to make the comparisons easier between them since they all do basically the same work.

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muftu t1_iy07a3i wrote

Assurance and audit are pretty much the same thing too.

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otclogic t1_iy0n6d3 wrote

Which is also similar to Tax and Legal services

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Bigmo7 t1_iy0phcv wrote

Tax is usually a separated out line of service to audit/assurance. Typically it’s audit, consulting, deals and tax as the main 4 lines of service.

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Cowboyfan1000 t1_iy0kizb wrote

Consulting and advisory are pretty different. But there other options for consolidation. The advisory’s within deloitte could be combined. S&T with EY is basically advisory. Interesting that consulting isn’t broken out for PwC and KPMG.

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MajorXTREME t1_iy6nzik wrote

PwC sold their consulting arm a while back to IBM, maybe that’s the reason for the different terminology?

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PeanutFarmer69 t1_iy1lsbl wrote

This isn’t exactly true, a lot of what Deloitte includes under “Risk Advisory” would be considered “Advisory” at KPMG for example.

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rehtulx t1_iy0pijk wrote

Advisory and Consulting at Deloitte at least are quite different—and pay quite differently as well.

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Deepwater98 t1_iy0ml2p wrote

Advisory is basically audit…

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numberpack17 t1_iy19y0o wrote

Not true at all. Very different service lines.

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Deepwater98 t1_iy1imc7 wrote

I worked in both audit and advisory…. but okay.

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numberpack17 t1_iy1p6l1 wrote

What kind of advisory were you doing that was similar to audit? Current auditor with lots of advisory friends so I’m pretty familiar as well.

I see SOX implementation, M&A advisory, IT Advisory, etc. none of which I would consider similar to audit.

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Deepwater98 t1_iy1qhkq wrote

SOX readiness, as well as implementation, IT advisory, Internal Audit, Business Processes & Controls I did them all as part of “advisory” at green dot.

Very similar to audit, not sure why you think it’s so different, business controls are business controls the IT portion can be taught, internal audit/risk can be taught.

I touch a ton of M&A/deal work (mainly under ~$100M deals) as a head of finance for a private retailer, but again, it’s not all that different from audit.

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