Originally Posted by Unregistered

Audit is a Low margin business. Really Low. Most companies won’t care u are pwc or kpmg etc. they only want the lowest cost option because audit is not sth they voluntarily want to do / sth that can increase revenue like consulting/advisory

U think abt all the partners right now that had been sucking thumbs for 20 years, just to get to their partner position now. And discover that the business was not as good as it was and medium and small CPAs trying to steal your cake. To justify for their years of grinding, obv they would want to keep their share of profits as high as possible, if business is Low, just cut down costs lah

Cut from who? Low starting pay at 3k and hire more jhk. Audit quality? Not their concern, all they got to do is to make sure no big fck ups over the years they are partner and retire with a super fat purse and good pension plan

Is a vicious cycle of the partners of partners pwn them, and once the partners made partner, they pwn us
The toxic accounting industry