Quote:
Originally Posted by Unregistered
Actually is low audit fees (that are not in line of the increasing audit job scope, increasing size of business of recurring clients, actual manpower and time requirement, etc.) root cause for all the unhappiness?
PwC has increased the charge-out rates for most its employees from 1 Jan 2022 onwards. To what extent will that alleviate the current problems?
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This is what EY did and it led to a mass exodus. The new charge out rates will artificially lower the margins and staff got squeezed.