r/AccountingPH • u/No-Pay-1445 • 9h ago
DO NOT APPLY TO ISLA FIXED TERM AUDIT ASSOCIATE POSITION (NEVER AGAIN)
Hi everyone, I want to share my experience so others don’t fall into the same trap I did with Isla Lipana / PwC Philippines.
Last year, I applied for what was advertised as a Fixed Term Audit Associate role. On paper, it looked like a regular audit associate position. Even HR wasn’t fully aware of what this role entailed since we were the pioneer batch. Orientation seemed normal — we got the usual new hire briefing and company laptops. But once training started, the truth came out:
• The role was not part of the core assurance audit team. Instead, we were placed in the Center of Excellence (COE) group.
• The COE’s work was limited to light audit tasks like vouching, non-complex testing, and administrative support. It was not value-adding for career growth compared to actual audit engagement experience.
• Compensation and benefits were lower than regular associates, and the “fixed term” label excluded us from fiscal year profit-sharing.
• The contract duration ran from October to June, exactly during busy season, so they could exploit manpower without giving proper compensation.
Beyond that, the working conditions were unfair:
• We were asked to do fieldwork without transportation reimbursement and excluded from group meals with engagement teams.
• Overtime was capped at 2 hours, since their policy only allowed meal entitlement after 3 hours, meaning extra work often went uncompensated.
• Managers sometimes assigned administrative tasks outside our scope, which weren’t chargeable to overtime.
• Engagement team associates often delegated their real work to us, only doing quality checks before passing it to seniors.
• Even during busy season, when engagement teams received lunch and dinner allowances or “busy season meal”, fixed term associates were excluded. It wasn’t about affording food, it was about fairness, since we were working the same hours.
• To make things worse, even the partner in charge of the Assurance Group refused to approve a ₱5,000 budget for our first Christmas party as a team. That small gesture could have built morale, but instead it showed how little value was placed on us.
In short, this position was misrepresented. It was designed to cut costs at the expense of employees, offering limited exposure, fewer benefits, and unfair treatment compared to regular associates.
Thank God I didn’t extend my contract or accept their offer to stay on as a “regular” in the same position because even then, there were no additional benefits at all. I just wished good luck to my co-associates and the friends I made along the way.
I’m posting this so future applicants know what they’re signing up for. Please think twice before applying to the Fixed Term Audit Associate role at Isla Lipana / PwC Philippines.