Quote:
Originally Posted by Unregistered
Exactly. That’s why I mentioned that fresh grad these days are not as mature compared to the ones 20 years ago. Nowadays, first thing come to mind to fresh grads is only instant gratification and they do not know that such a misstep could have a detrimental impact to them.
Advice to fresh grads, follow instructions and do not complain. Work harder during peak. Efforts and sacrifices made for big 4 will eventually pay off 10 years down the road
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Audits are a legally required exercise. It is an oligopoly of firms, with little competition. In its current form, it is rather useless (see Wirecard, Enron etc.). When and why did it happen that "audit partners" started to be paid like bankers or executives, given they 1) they do not really compete for business in a free market: the large mandates are split between four firms, 2) seem to be mostly financially illiterate, as in: they will spot a mistake in booking the
GST for a lunch bill but will overlook that the entire business is a sham, 3) they aren't liable: these partnerships don't mean you're on the hook. In my opinion, we need to completely rethink the profession.