Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

Risks :
Missing the deadline, u get penalised
Not reviewing associate work, u get penalised
Not maintaining good relationship with client, u get penalised
Not meeting managers expectations, u get penalised

Duty:
Do awp, scope setting, conso, fs
Liase with client
Delegate work/tank work
Clear rps
Review work of associates if u even have the time

So, snr is the worst role in b4

To add on:
Book review slots
Draft/present agenda
Clear admin work here and there

It’s never ending 😂

Heard orange's Tax is offering 4K for fresh grads. Does anyone know why is it so high? Or it is always higher than assurance in orange? yellow one only gives 3.6 arh.....

Originally Posted by Unregistered

Heard orange's Tax is offering 4K for fresh grads. Does anyone know why is it so high? Or it is always higher than assurance in orange? yellow one only gives 3.6 arh.....

Heard the culture there not good leh.

Originally Posted by Unregistered

Heard the culture there not good leh.

For pwc tax, audit is better than other b4 firms

Originally Posted by Unregistered

Risks :
Missing the deadline, u get penalised
Not reviewing associate work, u get penalised
Not maintaining good relationship with client, u get penalised
Not meeting managers expectations, u get penalised

Duty:
Do awp, scope setting, conso, fs
Liase with client
Delegate work/tank work
Clear rps
Review work of associates if u even have the time

So, snr is the worst role in b4

holy flying fk. is this the quality of auditors nowadays? How is what you listed risks? Missing the deadline is an negative OUTCOME, of course you get penalised. and not even sure what is the relevance of listing your duty here, this reminds me when i was M and i give RP and the senior give me garbage.

A risk is something that can be MITIGATED / AVOIDED. You already gave the outcome??? And a risk related to an activity that can give a reward (thats why theres risk vs reward?) missing a deadline has no ****ing reward its a fking outcome not a risk. use your ****ing brain.

Let me enlighten the people in this thread who may have been confused after this retard response. OP mentioned senior got no risk, partner bear risk. This risk is probably referring to the risk related to delivering a good FS (free from material misstatement). Reward is obvious here, partners earn north of 250k / annum to something like 1 or 2 bucks even for the more senior guys.

What type of risks are there many, operational risk, reputational risk, etc.

Does any of this cascade down to the senior? no because the partner is the final reviewer and all responsibility lies with him/her, which is why they are supposedly compensated so high.

The only risks the senior faces is the risk of not meeting his or her own individual KPI for promotion.

Originally Posted by Unregistered

holy flying fk. is this the quality of auditors nowadays? How is what you listed risks? Missing the deadline is an negative OUTCOME, of course you get penalised. and not even sure what is the relevance of listing your duty here, this reminds me when i was M and i give RP and the senior give me garbage.

A risk is something that can be MITIGATED / AVOIDED. You already gave the outcome??? And a risk related to an activity that can give a reward (thats why theres risk vs reward?) missing a deadline has no ****ing reward its a fking outcome not a risk. use your ****ing brain.

Let me enlighten the people in this thread who may have been confused after this retard response. OP mentioned senior got no risk, partner bear risk. This risk is probably referring to the risk related to delivering a good FS (free from material misstatement). Reward is obvious here, partners earn north of 250k / annum to something like 1 or 2 bucks even for the more senior guys.

What type of risks are there many, operational risk, reputational risk, etc.

Does any of this cascade down to the senior? no because the partner is the final reviewer and all responsibility lies with him/her, which is why they are supposedly compensated so high.

The only risks the senior faces is the risk of not meeting his or her own individual KPI for promotion.

Do partner look for scapegoat when there is lawsuit?

Originally Posted by Unregistered

holy flying fk. is this the quality of auditors nowadays? How is what you listed risks? Missing the deadline is an negative OUTCOME, of course you get penalised. and not even sure what is the relevance of listing your duty here, this reminds me when i was M and i give RP and the senior give me garbage.

A risk is something that can be MITIGATED / AVOIDED. You already gave the outcome??? And a risk related to an activity that can give a reward (thats why theres risk vs reward?) missing a deadline has no ****ing reward its a fking outcome not a risk. use your ****ing brain.

Let me enlighten the people in this thread who may have been confused after this retard response. OP mentioned senior got no risk, partner bear risk. This risk is probably referring to the risk related to delivering a good FS (free from material misstatement). Reward is obvious here, partners earn north of 250k / annum to something like 1 or 2 bucks even for the more senior guys.

What type of risks are there many, operational risk, reputational risk, etc.

Does any of this cascade down to the senior? no because the partner is the final reviewer and all responsibility lies with him/her, which is why they are supposedly compensated so high.

The only risks the senior faces is the risk of not meeting his or her own individual KPI for promotion.

read wirecard case

For audit associates and seniors associates and audit assistant managers cry father cry mother saying they have a lot more workload than audit managers, your job all no need use brain than audit managers and audit partners. Very straightforward. Unlike our jobs as reviewers, we need to be careful looking at your working paper.

Originally Posted by Unregistered

For audit associates and seniors associates and audit assistant managers cry father cry mother saying they have a lot more workload than audit managers, your job all no need use brain than audit managers and audit partners. Very straightforward. Unlike our jobs as reviewers, we need to be careful looking at your working paper.

It’s just a cycle.

I hated my managers when I was associate.
Now I understand how much things behind the scenes the managers did and how much they protected us.

They will grow out of it, but a new batch will come in with the same complains.

Originally Posted by Unregistered

It’s just a cycle.

I hated my managers when I was associate.
Now I understand how much things behind the scenes the managers did and how much they protected us.

They will grow out of it, but a new batch will come in with the same complains.

Nobody appreciate what the audit managers does behind the scenes.

Everyone thought managers just do nothing and do admin work.

People want see action pack. The seniors and juniors associate think themselves as the very frontline people who fight the fire.