Q: Big4 - Yearly salary increment

girls who do audit age the fastest.
i've seen fresh grad from youthful xmm become auntie in 5 years. she is barely 27 but look like in mid 30s liao.

end up her bf leave her for younger looking blood or older girls who look younger than her.
thats what audit do to you girls. and as you know majority of auditors are girls like 70%.

when i join audit, i thought wow so many girls so happy. but after awhile u realize most of them look like zombie. so did i, and overtime my taste in girls deteriorated until any ugly girl in office also look pretty. not so important is i get to bed many of these ugly ducklings colleagues for cheap thrill. some of them have bf even. now looking back, i feel very cringe because i once upon a time settled for ugly ducklings

Originally Posted by Unregistered

Hi, anyone in audit quality role, from kp.. hws the sal and hours. For M and above.

lol what audit quality?
go back malaysia lah. we dont need u JHK to bring down our audit quality
its already very low due to those JHK broken english and low quality uni like tunku sunway multimedia and what not.

lol recently gov allow 8 people to live in rented place, from 6 previously.

you know why
JHK cant afford hahahahhahaha
if can't afford rent then don't come lah bro

so most of the JHK quickly try to apply PR so can buy house
but most are rejected LOL! unless u in audit
those who got PR soon realize they can't get HDB loan or any gov subsidies to buy hdb

so bo bian, need them to convert to citizen
and we bait them
HAHAHAHHAHAAHHAHA

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.

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.

who ask you so kumgong never hop out earlier? Best time to hop out is after promotion to S1. The firm will just hire jhk to replace those local seniors who resigned. let the jhk suffer while you enjoy your banking, fp&a job with better work life balance.Those who stay until s3 usually have difficulty hopping out cause your pay is too high and hiring managers think you stay too long in Audit and have zero commercial experience

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.

The older partners are just looking forward to retirement and I imagine would be very hesitant to push any big changes, especially if those investments will only generate returns in a future where they aren't around anymore.

The younger partners do see more long-term and have been garnering support among themselves to make changes.

PricewaterhouseCoopers was able to garner enough Partners' support to approve a USD $1billion investment in generative artificial intelligence technology in its U.S. operations over the next three years, working with Microsoft Corp. and ChatGPT-maker OpenAI to automate aspects of its tax, audit and consulting services.

Meanwhile, KPMG plans to invest $2 billion in artificial intelligence and cloud services across its business lines globally over the next five years through an expanded partnership with Microsoft. Through the new investment, the roughly 265,000-person company will further automate aspects of its tax, audit and consulting services, aimed at enabling employees to provide faster analysis, spending more time on doling out strategic advice and helping more companies integrate AI into their operations.

So it's not like the Partners are unaware of issues and just shaking leg waiting for money to come in. But the toughest part of a working in a Partnership is getting enough Partners support to move forward.

Just look at EY - a long project to split consulting / tax / audit failed to go through after partners, particularly in the US, disagreed on the compensation and resources needed for the audit practice.

It's not as easy as having 1 CEO who makes all the decisions. The power is split between the Partners.

Originally Posted by Unregistered

girls who do audit age the fastest.
i've seen fresh grad from youthful xmm become auntie in 5 years. she is barely 27 but look like in mid 30s liao.

end up her bf leave her for younger looking blood or older girls who look younger than her.
thats what audit do to you girls. and as you know majority of auditors are girls like 70%.

when i join audit, i thought wow so many girls so happy. but after awhile u realize most of them look like zombie. so did i, and overtime my taste in girls deteriorated until any ugly girl in office also look pretty. not so important is i get to bed many of these ugly ducklings colleagues for cheap thrill. some of them have bf even. now looking back, i feel very cringe because i once upon a time settled for ugly ducklings

No wonder I see all these aunty-looking girls in CBD carrying herschel bag...thought herschel usually is younger ppl buy one, now I know they are just auditors

Originally Posted by Unregistered

The older partners are just looking forward to retirement and I imagine would be very hesitant to push any big changes, especially if those investments will only generate returns in a future where they aren't around anymore.

The younger partners do see more long-term and have been garnering support among themselves to make changes.

PricewaterhouseCoopers was able to garner enough Partners' support to approve a USD $1billion investment in generative artificial intelligence technology in its U.S. operations over the next three years, working with Microsoft Corp. and ChatGPT-maker OpenAI to automate aspects of its tax, audit and consulting services.

Meanwhile, KPMG plans to invest $2 billion in artificial intelligence and cloud services across its business lines globally over the next five years through an expanded partnership with Microsoft. Through the new investment, the roughly 265,000-person company will further automate aspects of its tax, audit and consulting services, aimed at enabling employees to provide faster analysis, spending more time on doling out strategic advice and helping more companies integrate AI into their operations.

So it's not like the Partners are unaware of issues and just shaking leg waiting for money to come in. But the toughest part of a working in a Partnership is getting enough Partners support to move forward.

Just look at EY - a long project to split consulting / tax / audit failed to go through after partners, particularly in the US, disagreed on the compensation and resources needed for the audit practice.

It's not as easy as having 1 CEO who makes all the decisions. The power is split between the Partners.

Hopefully the supposed AI stuff is not a fluke or marketing fluff. The only change they are implementing next year is changing FAQ from web-based to ChatGPT-based for us.

Originally Posted by Unregistered

No wonder I see all these aunty-looking girls in CBD carrying herschel bag...thought herschel usually is younger ppl buy one, now I know they are just auditors

lol the auditor guys are no where better, lagi worse. Haven’t reach 30 alr balding, protruding belly with chaosng smell. Some just came in 2 months as fresh grads alr looking like in their late 30s. Less than $6k monthly salary for all these really worth it?

Originally Posted by Unregistered

girls who do audit age the fastest.
i've seen fresh grad from youthful xmm become auntie in 5 years. she is barely 27 but look like in mid 30s liao.

end up her bf leave her for younger looking blood or older girls who look younger than her.
thats what audit do to you girls. and as you know majority of auditors are girls like 70%.

when i join audit, i thought wow so many girls so happy. but after awhile u realize most of them look like zombie. so did i, and overtime my taste in girls deteriorated until any ugly girl in office also look pretty. not so important is i get to bed many of these ugly ducklings colleagues for cheap thrill. some of them have bf even. now looking back, i feel very cringe because i once upon a time settled for ugly ducklings

then I must say you lack foresight. girls who managed to become partner / SM one day will have the financial ability to reverse their looks through cosmetics and skincare products.

those that are youthful in your opinion now, may not have the financial ability to do so when their biological age catch up on that.

jokes on you