Hi, I’ve got a KPMG final assessment day for ACA audit coming soon and I’ve read the wikijobs sections and forums quite thoroughly but just had a few questions.
Firstly with the e-tray exercise, I found a couple of examples that required decisions but failed to find any examples of the written section. Does anyone know where I can find one and/or give me more of an idea what to expect? From what I gathered, we just have to write two e-mails in response to some problems but was unsure how long the e-mails tended to be.
For the presentation I’ve been a bit risky by choosing both business that is both large and a KPMG client. I’m hoping I won’t get marked down too badly if I don’t know everything and hope they’ll be impressed that I do know quite a lot about this firm.
For anyone who has done the KPMG presentation, it says you’re not allowed a powerpoint presentation, nor a flip chart etc. Does this mean I just give the partner my handout and then present? I just imagined it would be strange presenting without seeing my own handouts.
- I’m going to read up the credit crunch again but wanted to make sure one thing. In the U.S. the interest rate rose meaning that sub-prime mortgages (those mortgages to people who had poor credit ratings) fell through because the people couldn’t pay them and the value of the houses didn’t cover the money that the banks had lent.
So banks lost a lot of money and now are afraid to lend much to people and businesses which reduces investment and spending etc which links to the economy as a whole.
I don’t entirely get the part where high risk mortgages were repacked with low risk mortgages so that the credit rating of the total investment looked good to different financial institutions. But now people don’t know who owns what, so lots of investment funds, pensions, hedging funds etc were written off which affects the whole business community.
- Anything big hit the world of audit lately?
Thanks in advance and any extra advice is of course welcome!