Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

Why are all auditors so beta. Only can come online cry like manchild but at work behave like a meek worm to your managers

Lol you talking about yourself is it?

Any auditors here in Tuas want to meet up for lunch later?

I just join Big4 from small firm.

My audit manager emailed me this job and texted me "Proceed for audit.".

What nonsense he talking?

Hi everyone, I am audit manager and I stuck between associates, clients and partners who give me stupid attitude and temper.

Associates kpkb to me
Clients kpkb to me
Partners kpkb to me

So I am like stuck between this 3 parties.

Originally Posted by Unregistered

Been reading this thread for a very long time. But I'm not from Big4 or even finance related industry.

It seems like some industries have this situation?

- Boomers and old Gen X promoting fast in the past and now occupying higher positions
- Boomers and old Gen X cannot promote any higher, refuse to resign or budge and choose to coast in their current position
- Work gets thrown down to new hires to fulfill KPI of higher positions
- Starting salary and progressive increments not keeping up with inflation
- Promotion of new hires getting delayed and slowed down
- Waves of resignations occurring only at the lower positions (those with 10 YOE or less) while the higher positions keep remaining the same
- Fewer and fewer headcount at the lower positions (to save labour cost), causing overwork for the remaining youngsters and a continuous death spiral of resignations

wait till the boat sinks lol then the top panic.
just hope ur still not on the boat when it sinks

Originally Posted by Unregistered

Any auditors here in Tuas want to meet up for lunch later?

Wfh, got chio bu? If no, no thx

Originally Posted by Unregistered

Hi everyone, I am audit manager and I stuck between associates, clients and partners who give me stupid attitude and temper.

Associates kpkb to me
Clients kpkb to me
Partners kpkb to me

So I am like stuck between this 3 parties.

Dog life, do smth urself.

Originally Posted by Unregistered

Wfh, got chio bu? If no, no thx

Have. 2 chio bu audit associate just graduate from NTU. Ai mai?

You handsome or not?

Originally Posted by Unregistered

Dog life, do smth urself.

Lol everyone rely on me

Client rely on me
Associate rely on me
Partner rely on me

Seriously

Originally Posted by Unregistered

Revised since 2021 for ssa315. More work is relating to general it control. With the new ssa600, ssa315 will revise too i guess.

I hope khor khor teach u something today. Auditors these days dunno ssa or frs. Im not impress. Pls impress me big4 auditors of 2024. Im shocked still have locals doing or joining audit in 2024.

ISA 315 is effective for FY22 audits, so the majority of workload SHOULD have been done in FY22. But unfortunately a lot of auditors have no time to understand the full breadth of the new requirements. And every year there is some top-up work because someone suddenly understands the requirements more, quality reviews say something is lacking, then they top up your knowledge with another training, and because there was a gap in understanding there is suddenly a new form to fill out to make sure you did what was lacking. And the list of mandatory forms just expands y-o-y

I am not an expert, but to summarise, it re-visits how RoMM should be identified, a lot of this has not changed, but there is an extensive new requirement on understanding IT controls and whether you are able to place reliance on it. You can no longer simply say to rely or not rely, you need to do up a bunch of documentation and walkthroughs to say what financial statement captions each IT application affects and whether these IT controls are integral to financial reporting, if yes then if you want to adopt a control reliance strategy, you must test the ITGC and key ITACs. Most people already have a hard time to understand the business / industry they are auditing and wrap their head around the common accounting issues each industry faces and now want to lup this additional layer on top of them is a ridiculous expectation. Plainly put, any engagement without IT specialist just documents a bunch of rubbish to meet the check boxes, and needless to say nobody really knows if its correct.