Exploring Contracting in Audit
Hello Everyone,
I’m curious if anyone has experience with contracting in IT or Internal Audit. I’ve noticed a significant number of roles being advertised and I’m wondering about the feasibility of transitioning from a practice firm to contracting. Is there a consistent flow of work available in this field? Any insights would be appreciated!
One response
Hi there!
I have some experience in contracting within IT/Internal Audit, and I’d be happy to share my thoughts. Transitioning from a practice firm to contracting can definitely be feasible, especially if you have a solid skill set and a good network.
Demand for Skills: There’s been a growing demand for IT/Internal Audit professionals, especially with the increase in regulations and cyber threats. Organizations often look for contractors to fill gaps, especially on specific projects or during busy periods.
Flexibility: Contracting can offer a lot of flexibility in terms of work-life balance and the types of projects you take on. You can often choose assignments that align with your interests and schedule.
Networking: Leveraging connections from your time in a practice firm can be crucial. Many contracting opportunities come through word of mouth or referrals, so maintaining your professional network is important.
Market Variability: While there is a consistent demand, the volume of work can vary based on economic conditions, industry trends, and your geographical location. It’s a good idea to stay updated on market trends and skills that are currently in high demand.
Rates and Stability: Depending on your expertise and the specific niche, contracting can be lucrative. However, keep in mind that contracting can also come with periods of uncertainty, so having a financial buffer is wise.
Overall, if you feel confident in your abilities and are prepared for the ups and downs of contracting, it can be a rewarding path. Don’t hesitate to reach out to others in your network or join contracting-focused groups for more insights and potential leads.
Best of luck with your transition!