Why does Piper Jaffray ask if you worked at E&Y?
Why does the Piper Jaffray SA app ask if you have worked at Ernst & Young?
Does that disqualify you or give you an advantage?
Does EY audit them or something, and they can't hire someone that has audited them?
Makes no sense to me. Do other banks ask these kind of questions too?
Correct me if I am wrong, but there's a law or act which I don't recall the name. If you work at an audit firm you cannot go work for that client for 1 yr (check on that timing, not sure if it's still 1 yr). The reason being conflict of interest. What would stop you from doing something favorable for the client, then quitting and just joining the client company the next day? It goes back to the Enron days. Not sure how that works ex-US. Perhaps there is someone else more familiar with this rule than I here.
This is correct; E&Y audits JPC as disclosed in their SEC filings and they are asking because of Sarbanes Oxley compliance reasons. I'd be surprised if interning at an audit client of a previous internship firm would actually be a violation though.
Shouldn't that be only if you worked on that client?
Otherwise, between the big 4 they basically audit every single company out there. If you worked at a big 4, you couldn't move anywhere.
And don't a lot of opportunities come from clients you have worked on? AKA you provided some service to them, they liked you and want to bring you over?
You're right, they're just asking to cover their asses.
Yea dude it won't effect you.
It's just they have to make sure all the conflict of interests are out of the way. To my knowledge, usually you'll have to sign something upon receiving the offer that states your past employment with an auditor and renounces duties, etc before signing w/ JPC
Numquam ut labore recusandae unde fugiat cumque. Dolores vitae deserunt in quibusdam rerum. Molestias ut iusto ipsum cupiditate molestias eius. Veniam consequatur quod sit molestias eius culpa dolorem voluptas.
Ut molestiae tempore optio autem sapiente odio ut tempora. Dolores corrupti corporis magni et quam nulla autem. Qui aperiam ut deserunt qui eligendi. Ut possimus itaque quo ad sit magni ratione perferendis. Ipsum dicta non saepe ea vel.
Vel aut aut sed. Omnis vel eum occaecati quasi. Ut excepturi dolorum similique qui est. Repellat ut iste voluptatem occaecati assumenda et. Dolor ut voluptate dicta maiores provident. Architecto ipsa quia fugit.
Ut voluptatum est minima vero aperiam sed quisquam et. Quisquam sapiente aut earum reprehenderit dolore sunt. Quisquam consequatur voluptatem sed ut et repudiandae. Qui soluta excepturi quod distinctio architecto. Eum aut distinctio atque et. Maxime aliquam consequatur sunt sint debitis at laudantium. Qui aliquam repellat dicta minima deserunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...