Hey Ravindra! Yes, work processes under external audit is considered as relevant work experience to obtain the CFA Charter. Reasoning & my suggestion- As external audit involves analyzing and verifying financial statements /transactions to ensure accuracy and transparency for stakeholders, including investors, creditors, and regulators. This work builds expertise in financial reporting, compliance, and risk assessment-core skills emphasized in the CFA curriculum. It provides stakeholders-like investors, creditors, and regulators-with reliable and transparent information about a company’s financial health and play a key role in making sound investment decisions so ya definitely it’s a good to go job for this. But I would suggest as you grow further in your career ,try exploring core investment base jobs as well inclined towards valuations (M&As if you are fond of extensive research followed by complex number crunching game to find values for targeted companies) or if you are interested in trading area , then can aim for Portfolio Manager at some mutual fund house for higher packages or so. In each of these roles, your knowledge is being put to use, so just don’t continue your role as an external audit assistant for the sake of obtaining required work experience but to add value to your knowledge as well, reap the most this role has to offer you in learnings and then about 1.5 or so years later, hop on to something better and more career aligned (according to your interest) as work experience anyhow would be counted in this case too. I hope this helps :)
Hi Kanika
Can you pls tell if work exp in External audits (US Audits) is considered as relevant work exp for CFA?
Hey Ravindra!
Yes, work processes under external audit is considered as relevant work experience to obtain the CFA Charter.
Reasoning & my suggestion- As external audit involves analyzing and verifying financial statements /transactions to ensure accuracy and transparency for stakeholders, including investors, creditors, and regulators. This work builds expertise in financial reporting, compliance, and risk assessment-core skills emphasized in the CFA curriculum.
It provides stakeholders-like investors, creditors, and regulators-with reliable and transparent information about a company’s financial health and play a key role in making sound investment decisions so ya definitely it’s a good to go job for this.
But I would suggest as you grow further in your career ,try exploring core investment base jobs as well inclined towards valuations (M&As if you are fond of extensive research followed by complex number crunching game to find values for targeted companies) or if you are interested in trading area , then can aim for Portfolio Manager at some mutual fund house for higher packages or so.
In each of these roles, your knowledge is being put to use, so just don’t continue your role as an external audit assistant for the sake of obtaining required work experience but to add value to your knowledge as well, reap the most this role has to offer you in learnings and then about 1.5 or so years later, hop on to something better and more career aligned (according to your interest) as work experience anyhow would be counted in this case too.
I hope this helps :)
@@purpleleono Hey! Thank you