Pros
1. Interaction with senior client personnel, up to the CFO level in your first year of work. 2. Structured work (a plus for those who prefer that to more creative assignments). 3. Challenging tasks, especially in the beginning. 4. E&Y strives for inclusiveness and diversity.
Cons
1. The learning ends quickly. You will know everything you can learn after the first two years. After that, it's better to get out early if you don't want to stay in accounting/auditing forever. 2. Same downsides as other auditing jobs - busy seasons are tough, and so are interim procedures (October - December); the clients hate you for obvious reasons; the management is overly optimistic about how quickly you can finish tasks. 3. Too much work other than actual audit procedures, such as filling out checklists and summaries, writing required memorandums, writing reviews, etc.