2008 Financial Crisis: Personal Statement

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The 2008 financial crisis that resulted in the collapse of thousands of companies in China aroused my awareness and interest in the field of finance. I discovered that lack of internal controls and fraudulent practices heightened the effects of the crisis, which influenced my decision to become an auditor with the hope that I could help organizations streamline their operations and avoid bankruptcy.
During my first year in college, I quickly learned that auditing is more practical than it is theoretical. I engaged different learning approaches that included independently reviewing financial cases to gain a better understanding of the fundamental theories of the discipline. I also sought practical experience in Pan-China, where I audited annual reports of listed companies and engaged in an IPO due diligence process. The academic and practical experiences gave me a comprehensive understanding of auditing and equipped me with essential quantitative and analytical skills, which …show more content…

The extensive resources of this company allowed me to experience different elements of finance such as trust, leasing, marketing, and investments. I quickly acquired additional knowledge and skills and a significant understanding of finance and risk. I also collaborated with colleagues from different countries and found it particularly helpful to work with senior executives who impressed upon me with their professionalism and global outlook. I gleaned far beyond textbook knowledge from the auditing and advisory projects, which led me to consider alternative methods of performance management. I made recommendations on measurement and management of liquidity, applying the Basel III Accords, beyond Chinese regulatory provisions. In addition, I assisted in the optimization of system permissions to prevent rogue traders as well as improve overall operational