I work at a local firm and audit small nonprofits/governments.
Whenever I look at the job postings for the Fortune 500s, I keep seeing the same buzzwords in the qualifications: SOX404, SEC Filings, Publicly-traded companies, Big 4 experience etc
I'm guessing that no Fortune 500 is going to hire me until I get some experience doing external audits of publicly-traded companies.
My question is WHERE CAN I GET THAT FIELD EXPERIENCE?
1. How many publicly traded companies are there in the USA? I'm guessing it's about 4000? Am I to take it that all publicly traded companies require the same filings and thus give auditors the same type of high-value experience?
2. What percentage of those publicly traded companies are being auditted by one of the Big 4 at this time? I know the answer is high, but it's not 100%
3. Of the leftovers, who is getting those?
For example, this sheet shows that CliftonLarsonAllen is ranked #10 in the USA. Are the Clifton recruiters going to tell me that they audit public companies and then when I get there, I find out their entire firm only has 1 engagement a year with a Fortune 1000? Links would be helpful
Ultimately, it only makes sense for me to join a firm that where every auditor is virtually guaranteed field time with public companies.