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Old 05-23-2008, 08:02 AM   #42
taxguy
Senior Member
 
Join Date: Aug 2004
Location: Rockville, Maryland
Posts: 5,100
one other thought just occurred to me: Partners of Big 4 companies might make more than other partners BUT they have HUGE liability exposure due to audits. Partners and smaller local firms usually don't have audits , and if they do, it is for much smaller, less risky entities.

Frankly, if I had a choice between making $300,000-$600,000 and having relatively little liability exposure vs. making $700,000-$1,000,000 and having a huge amount of liability exposure, I would take the former position. If you work for a big 4, you really need to understand this. In fact, this applies to any very large firm that audits public companies.
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