Q: Big4 - Yearly salary increment - Page 1405 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Q: Big4 - Yearly salary increment

Reply
 
Thread Tools
  #14041 (permalink)  
Old 30-01-2024, 01:10 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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
Not all of the above applies to audit. But yes the last point is probably the most valid, contributing to that is the increasing requirements, and brain drain of accountancy to other sectors which are better perceived, just becomes a vicious cycle cause by the time the industry responds its usually too late

Reply With Quote
  #14042 (permalink)  
Old 30-01-2024, 01:16 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
wait till the boat sinks lol then the top panic.
just hope ur still not on the boat when it sinks
will never sink. essential occupation. just that one of the following will happen:

1) everyone accepts lower audit quality - which i expect actually, since most users have no idea what is a "good" audit, they just care that the report is signed off, in US the market moves left and right on non-GAAP reporting / unaudited figures anyway, people only jump when there is something significant, the fines left and right for low standard audits dont seem to worry anyone, and those do not often result in restatements
2) partners finally give in and accept lower salary / improve working conditions
3) regulators ease requirements

Reply With Quote
  #14043 (permalink)  
Old 30-01-2024, 01:18 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
lol so u like it la, dun worry u can continue ranting here and all of us will empathise with you, if you dun like it i am not sure why u are still there

Reply With Quote
  #14044 (permalink)  
Old 30-01-2024, 01:23 PM
Unregistered
Guest
 
Posts: n/a
Default

My audit partners in 50s are very afraid there are no 20s join the audit industry.

My audit managers in 30s and 40s are very afraid the 20s give them a middle finger and quit during peak period.

All of us seniors are really afraid of 20s give us the middle finger

Reason is because we really rely on 20s to perform the field work

Our ability to clock review hours is based on 20s deliver their audit working paper
Reply With Quote
  #14045 (permalink)  
Old 30-01-2024, 01:24 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
lol so u like it la, dun worry u can continue ranting here and all of us will empathise with you, if you dun like it i am not sure why u are still there
I very afraid the associates in 20s give me middle finger now because now is peak period and I don't dare to scold them now.
Reply With Quote
  #14046 (permalink)  
Old 30-01-2024, 01:41 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I very afraid the associates in 20s give me middle finger now because now is peak period and I don't dare to scold them now.
My audit associate gave me a middle finger and I still smile to him. No choice man. You got to suck it up.
Reply With Quote

  #14047 (permalink)  
Old 30-01-2024, 01:47 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
Still need get specialist review ok.. nt just external auditor.
Auditor know shyt.
Hope u all learnt smth from talented khor khor.
Reply With Quote
  #14048 (permalink)  
Old 30-01-2024, 01:49 PM
Unregistered
Guest
 
Posts: n/a
Default

Big4 is it alot chee ko pek ?
Reply With Quote
  #14049 (permalink)  
Old 30-01-2024, 03:33 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Big4 is it alot chee ko pek ?
Anw in audit also. Chee ko bu also alot.
U think ppl just go client place do audit meh. How old are u. Ppl bang for promotion, not uncommon.
Reply With Quote
  #14050 (permalink)  
Old 30-01-2024, 03:55 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Anw in audit also. Chee ko bu also alot.
U think ppl just go client place do audit meh. How old are u. Ppl bang for promotion, not uncommon.
Ah pek you how old? 60 yo ah?
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Salary Increment to be 5.2% Salary.sg Income and Jobs 1 25-09-2021 07:24 PM
Yearly increment Button Income and Jobs 29 06-01-2018 09:43 PM
Annual Increment for Civil Service 2011 bswuming87 Income and Jobs 4 10-04-2011 09:19 PM
Annual Increment 1nch3r Income and Jobs 0 12-11-2010 12:36 AM
Can your Increment beat Inflation? Salary.sg Investments and Net Worth 9 24-04-2008 03:37 PM

» 30 Recent Threads
Career as Teacher ( 1 2 3... Last Page)
11,624 Replies, 7,109,409 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,349 Replies, 693,488 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
823 Replies, 471,849 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
17,828 Replies, 5,424,563 Views
Work culture in CPF board ( 1 2 3... Last Page)
43 Replies, 81,277 Views
Lawyer Salary ( 1 2 3... Last Page)
21,379 Replies, 10,764,007 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,316 Replies, 3,949,800 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
944 Replies, 559,849 Views
ST Electronics ( 1 2 3... Last Page)
3,915 Replies, 1,651,759 Views
Is HR useless? ( 1 2)
13 Replies, 636 Views
Roles in accenture singapore ( 1 2 3... Last Page)
8,078 Replies, 2,541,277 Views
GovTech ( 1 2 3... Last Page)
6,577 Replies, 2,553,493 Views
GIC (Government of Singapore... ( 1 2 3... Last Page)
423 Replies, 752,670 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
2,243 Replies, 1,154,629 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,528 Replies, 3,602,524 Views
Civil Servant Bonus Mid-2023 ( 1 2 3... Last Page)
197 Replies, 182,985 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
925 Replies, 443,998 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
6,037 Replies, 4,878,260 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
1,935 Replies, 1,535,164 Views
Election Department job application
9 Replies, 4,222 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,395 Replies, 1,218,108 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,629 Replies, 1,463,461 Views
ITE (lecturer) ( 1 2 3... Last Page)
281 Replies, 405,374 Views
Compare civil service salary ( 1 2 3... Last Page)
16,493 Replies, 12,868,642 Views
NCS Tech Graduate Programme or...
5 Replies, 1,251 Views
Job Application with MOE... ( 1 2 3... Last Page)
497 Replies, 664,206 Views
Job application form have you ever... ( 1 2 3... Last Page)
44 Replies, 1,701 Views
Working in NEA ( 1 2 3... Last Page)
129 Replies, 173,099 Views
Changi Airport Group ( 1 2 3... Last Page)
475 Replies, 649,087 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,452 Replies, 4,957,498 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 05:00 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2