Actually, this is due for clarification. Audit itself is still quite respected in places like NY and London where they audit companies people actually care about.

SG audit on the other hand is crap also because the 'listed companies' are literally ******** companies. The most useful sector is perhaps real estate. No one cares about the audit reports issued and consequently fees get depressed and u get paid less.

It is more of an SG and countries with weak capital markets thing than an audit thing.