In my opinion BIG 4 demonstrates the luxury, the attitude, the real sense and the true concepts of auditing, only if you are working under a person who is having proper mentality of understanding your needs. Otherwise the life will be none the less than a punishment. Further educational point of view if you keep your eyes open and compare the study materials or guidance notes than you will get the real understanding of the concepts of accounting, law, taxation and auditing. Say a person is doing audit of a stock broking concern, and if only with that knowledge and experience if he studys companies act, He will find it difficult to adjust and understand the true concepts of companies act. Say on the other hand if another person has participated in the audit of manufacturing and trading concern of a private or public limited company then he will be familiar with a bit of hardwork and references with the following concepts: -
1. Accounting (Entries pattern and procedure).
3. Accounting standards.
4. Direct taxes.
5. Indirect taxes.
6. Companies Act and So on!!!!!!!!!! an endless list depending upon the applicability of acts on the company.
Hence I believe that working with Big 4s will be an real time good opportunity, but only for those who knows how to utilise the opportunity.
I heartly regret to all those to whom i have hurted directly or indirectly.