ELI5: What’s the difference between advisory and consulting?
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ELI5: What’s the difference between advisory and consulting?
None of these people in private equity have their CPAs yet they are now controlling/owning CPA firms. Does anyone see a problem here?
Do you consider a 7% raise good in today’s market?
Has anyone taken a mental health/stress leave and are they paid? I am suffering but can’t afford not having a paycheck.
Thoughts on romantic relationships at work? Does your firm have a policy on this? We can't help who we are attracted to, develop feelings for, etc. And, yes I've been involved with my boss on and off for almost 10 years. Some suspect us, but we've kept it to ourselves. Don't beat me up too badly.
Does anyone here have student loan debt? If so, how much? How old are you, and how long have you been in public accounting? PwC EY KPMG Deloitte
Advisory advises the client of a solution, consulting consults the client through the process
Assignment understood perfectly, thank you!!
Advisory is for plebs
“Consulting” often refers to management/strategy consulting which concerns the big strategic problems facing business, like which markets to enter or how to position itself long term. Advisory practices of professional services firms are usually more discrete and focused on more specific questions like implementation or technical advice. However, there’s overlap especially since PwC (Strategy&), Deloitte (Monitor), and EY (Parthenon) have acquired their own strategy consulting practices.
For PWC this is kind of a nonsensical distinction anymore. Advisory is a bucket of services that were typically not tax or audit. Consulting is a bucket of services that can include accounting or tax services but not your standard audit or return compliance procedures. Advisory is included in the bucket of services that are consulting. So ultimately it doesn’t really matter for PWC because even within advisory you have different pay scales depending on what you are advising on. Thank u
Advisory is consulting on accounting.