Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

cannot say which big4.

the team was so small, no senior on the team.
only 1 A1, 1 A2, 1 intern

and my grades are dependent on the internship, so ya i cannot create a big trouble too.

sounds like yellow.

Originally Posted by Unregistered

can attest to this, some seniors really useless, rely on juniors for notes and testing. Some just get promoted because they stay longer in big 4

thank god. this shows that im not the only one facing this problem....

Originally Posted by Unregistered

u r so wrong, i covered up A2's jobscope like testing for provision too. I know my stuff ok.

Isnt testing for provisions mainly also do vouching also for the expenses part unless u tell me u doing provision for taxation

Originally Posted by Unregistered

Agreed. I am a former big4 staff. Started more than a decade ago. Personally witnessed the deterioration over the years. Increasing number of new hires that don't seem to be sufficiently knowledgeable in accounting rules. Accounting students from NTU / NUS / those who completed ACCA, tend to be more competent. I suspect that the accounting curriculum in other schools may have neglected technical concepts and instead focus on presentation / debating in classes.

With respect to your cost management point, it is not entirely management's fault too. The competitive audit market in Singapore has been pressuring firms' revenue. The equities capital markets in Singapore has been lackluster ever since the end of S-chips IPO era. Accounting firms undercut one another, resulting in lower audit fees being charged over time. From my experience back in 2016, another big 4 firm had undercut my firm by more than 50% in audit fees just to woo a large public listed company. Let's not talk about the increasing number of rules and technical complexities being piled on the accounting standards over time, further adding onto cost. Perhaps, regulatory intervention into the business/operations side of audit in Singapore may be required at some stage.

Im the one who post the previous post.

I cannot accept annual 200k plus fee doing copy and paste work. This is not value adding and is pure nonsense.

Originally Posted by Unregistered

cannot say which big4.

the team was so small, no senior on the team.
only 1 A1, 1 A2, 1 intern

and my grades are dependent on the internship, so ya i cannot create a big trouble too.

Is it a small engagement/project

Originally Posted by Unregistered

can attest to this, some seniors really useless, rely on juniors for notes and testing. Some just get promoted because they stay longer in big 4

True, audit just need to stay.

Originally Posted by Unregistered

Isnt testing for provisions mainly also do vouching also for the expenses part unless u tell me u doing provision for taxation

Provision... come on u still doing audit? Go read some frs and ssa pls. Vouching for provision??

I pray for the company auditing by u and ur team.

Originally Posted by Unregistered

can attest to this, some seniors really useless, rely on juniors for notes and testing. Some just get promoted because they stay longer in big 4

Some got there because of bootlicking to managers especially jhk

dont get me wrong. Jhb can join big 4 but must be chio first

If u are someone who is focusing of the purpose of the career or quality, stay away from audit. If you are just there to hand in home work and get fs sign then u will be ok in audit