Deloitte Live 

Deloitte Snowball: a programme for new audit joiners, where experience grows faster than a rolling snowball

Mere knowledge of theory is seldom sufficient in practice. Starting practice without knowledge of theory may easily become a nightmare. At Deloitte, we know this. That is why we have arranged a two-month Snowball training course for beginners, in which they will learn everything that fresh auditors cannot do without. In addition to many tech hacks, knowledge of accounting and audit methodology and their application in practice, they will also try dealing with the client. The obtained experience will help them prepare for unexpected situations and problems and make it easier for them to enter the world of audit.

Snow + ball => Snowball

“The training programme consists of several basic pillars, yet it provides space for flexible changes depending on the needs of participants. We are therefore not bound by a strict time allocation, but we can offer space for explaining problematic areas not only on a group but also on an individual basis. The goal of this approach is that new joiners can understand not only the theory, but they can also apply it in practice,” says Bára Veselá, Senior Analyst in the Audit & Assurance function, who tried Snowball first-hand during its debut year and now she herself is in the role of a trainer.

As well as Benny Kobosil, who works in the same position. He adds, to what Bára said, that students will gain know-how during the training that sole theory cannot offer, and will acquire soft skills necessary to tackle an issue. “It is important that they understand why they do specific things and steps. We do not tell them: you have to click here, you have to get this exactly according to the instructions. There are no clear instructions for it, every client is different. We want them to be the ones to come to terms with things instead of waiting for someone to stand behind them in real situations and dictate to them exactly what to do.”

Snowball in questions and answers

What is the most important thing on the way to understanding audit? 

Bára: Communication. Every client is different, as is the team in which we work. Therefore, there is no universal guide to learning how to communicate effectively. Moreover, at the beginning of your career, you do not know much about how to deal with a client, especially when you get in touch with people from top management. There is certain concern. As part of the training, we create plenty of opportunities to practice communication and learn from possible mistakes.

How does Snowball help new joiners without experience – what is important for them in general?

Benny: Approach them so that we can cover their needs as much as possible and create tailor-made training for them. We work in the field of services, so our aim is to make the client satisfied, but also to safely cover the audit assignment. That is why in Snowball, we focus a lot on soft skills training. New joiners have enough time to come to terms with the basic logistics and administrative system during the training. They get time long enough to acclimatise. At the same time, of course, they have to work very hard on themselves, which, in my opinion, they have been aware of since the first days.

What exactly is Snowball about?

Bára: The programme aims to prepare new joiners for the work of Analyst in audit. We thus start with an overview and gradually go into greater and greater detail. A part of the training also includes work on a real contract at the client, so the two-month training does not take place in a simulated environment. New joiners have plenty of opportunities to connect theory with practice, learn from their mistakes and during a joint debrief or panel discussions, they will realise that everyone overcomes some obstacles when starting out, which should not discourage them, but instead make them move on. As the saying goes, every mistake is an opportunity to learn something.

Do you want to start a career in audit? Take a look at jsmedeloitte.cz, maybe we are looking for you.

Audit Career
Deloitte Live 

Audit inventory-checks are not just about counting. They will get you to places you normally have no chance of seeing

Inventory-checks. For auditors, they are one of the major tasks of their work. Does that not sound very engaging? Well, it depends on the point of view. Have you ever visited an operating theatre without undergoing surgery? Have you ever seen ink-stained banknotes? Auditors have. In their work, they visit places that ordinary "mortals" do not even dream of. Read about non-traditional inventories that have brought our auditors unforgettable experiences. 

30. 7. 2021
Deloitte Live 

Audit in FSI: Take a sneak peek at large financial institutions, you will improve your data analysis or other skills

Kateřina Veselá has been working as an Analyst at FSI (Financial Services Industry), which is predominantly responsible for the audit of banks, leasing companies, building societies, funds and other financial institutions, for almost a year. “I joined FSI because I have always been interested in investments and the world of finance in general and wanted to gain a better understanding of these issues. I was no accounting expert and learned many things as I went along,” says Katka, appreciating her colleagues’ willingness to help at any time. 

29. 6. 2021
Deloitte Live  Technology 

Trading is like a high performance sport, even the slightest misstep costs a lot of money, says Otakar Šuffner from FF Trader

Expansion into 180 countries, monitoring tens of thousands of accounts a day, a year-on year growth from 1465 % to 2356 % and, for the second time in a row, the Fastest Growing Rising Star award winner for Central Europe in the Deloitte Technology Fast 50 competition. This is FF Trader, a company that finds successful traders on financial markets through its FTMO platform. “When we started out five years ago, a few similar platforms had already existed. We were not unique but as we continued growing and adding more services, we became an established trading platform,“ says Otakar Šuffner, FF Trader CEO. 

19. 11. 2020