Originally Posted by Unregistered

What does everyone think will be the future of audit in the next 5 years?

Personally, I think things won't improve and there'd be a complete focus on offshoring like they do in the US. Mediocre students will still be keen to join audit so companies will still get to sign off their FS without issues but the attractiveness of ex-auditors will probably nosedive. Partners still won't have the guts to rebut ACRA and will end up piling more useless work onto teams so hours will get worse, and there won't be an off-peak anymore except maybe 2-3 months and for first years (not sure about other firms but in ours, managers can only take leave in these 2 months and we have to take turns i.e. some of us only can take in May, some only can take in June). Deadlines kept getting pushed back so things that should have been signed long ago are being pushed to non-peak, plus non-FS teams are made to help out on FS jobs during their non-peak since you can't poach foreigners and there's no pipeline of FS auditors from mid tier.

For the short term, I just hope exit opps for auditors improve so that I can hop out.