I was recommended to do an Q&A thread by the good people in this thread: http://www.wallstreetoasis.com/forums/finished-bus...
While as that one was from the perspective of a first year auditor, I myself am a third year one (well 2.5 years in).
As background I work in London auditing corporate clients and am simultaneously doing the ACA exams (British chartered accountancy). As such what I say might apply more within the UK than elsewhere.
I'm on WSO as I'm looking to move into Corporate Finance as soon as possible (I do not like audit) but I do think that one can learn a thing or two from audit.
So ask away, I'm happy to answer the questions of the WSO community from whom I've learned a great deal.