Audit or taxation?

Hi All, this is Aditya Goel, a CA Final student.

I am undergoing my Articleship training in Deloitte. I have completed about 4 months and 15 days.

I am starting to think whether I made the right decision in joining Statutory Audit team.

I want all of your opinions, from my seniors, Chartered Accountants on this matter.

The question I ask is 'Do I remain in Statutory Audit? Or should I change into Taxation? If I do change into Taxation, which field of Taxation do I choose? Corporate Taxation, International Taxation, Transfer Pricing or Indirect Taxation? Should I choose BMR Advisors, or should I choose Ernst & Young?'

A slight background to help you give me your kind opinions "My mother is a practicing Chartered Accountant. Her firm does not like most 'Mediocre' firms have too much Taxation work, instead has a lot of Audit work, which consists of a few Statutory audits, and a lot of Bank and Internal audits. I eventually after gaining expertise in whatever field I eventually choose wish to join her firm."

I hope you give me your kind opinion and I would be grateful if you took out some of your precious time and shared your knowledge and experience with one of your eager juniors.

I also hope many students about to take up Articleship refer to this question and the replies that ensue and gain a proper understanding of the field they wish to/ are going to join.

Regards. Aditya Goel.

Hey aditya Goel, nice question. You put forth a question for which many articles are seeking correct advise and answers. Well, even m a CA Final Student and working as an article in a mid-size firm. I asked many Qualified CA's and my seniors who are in audit department, and most of them said that Taxation Department any time is a better dept, plus also a lucrative profession ahead. They even said CA's practising taxation earn 150% more than their counterparts working in audit field. International Taxation and Transfer Pricing are the upcoming fields and many CA frims are in need of good Chartered Accountants qualified in this field. So, according to me Taxation Dept is a better field than audit.

But as you quoted you want to work as a CA in ur Mother's firm, which eventually has more Audits than Taxation, then u might consider that aspect and opt for Auditing. Best of Luck, Aditya. Whatever field u opt for give ur best.

Cheers !