Q: Big4 - Yearly salary increment

its actually crazy that they increase the audit salary to 4.1 while their advisory is getting 4.

Originally Posted by Unregistered

They don't differ... Between tax and audit.

Tax pay higher than audit… at least for first year manager.

Originally Posted by Unregistered

its actually crazy that they increase the audit salary to 4.1 while their advisory is getting 4.

Cannot compare

Audit need people so need to up pay.

Advisory has way better exit ops so their staff crunch not as bad, got people want to join.

The suggestion put forth by the Accountancy Review Workforce Committee (AWRC), advocating for regulators to emphasize the employment of professionally qualified accountants in pivotal finance functions within companies, particularly those of high public interest such as listed firms, raises significant questions and prompts a deeper analysis.

AWRC's proposition, while seemingly aimed at enhancing financial governance and accountability within listed companies, carries undertones that some may interpret as a veiled attempt to monopolize the accounting profession.

By advocating to regulators that companies should hire professional qualified, which in this context referring to ISCA Chartered Accountant (CA) members, or individuals who have completed the Singapore Chartered Accountant Qualification (SCAQ), should be employed by listed companies, Singapore risks creating a closed loop within the profession.

The potential implication of such suggestion is twofold.

Firstly, it could lead to the exclusion of competent professionals working in commercial accounting or finance departments of listed companies who do not hold professional qualification such as ISCA CA designation or have not pursued the SCAQ. This exclusion may stem from a narrow perspective that only those with specific professional qualifications are capable of handling the complexities of listed company accounts.

Secondly, it could result in a scenario where obtaining the ISCA CA qualification becomes a prerequisite for individuals involved in preparing accounts for listed companies, regardless of their expertise or experience in the field.

From an ethical standpoint, the question arises: does AWRC's suggestion align with the principles of fairness and inclusivity within the accounting profession?

By suggesting that "regulators to emphasize to listed companies on the employment of professionally qualified accountants", it potentially disregards the competence of "non-ISCA CA qualified professionals", Singapore risks perpetuating a system of elitism within the accounting profession.

Moreover, the imposition of such suggestion may inadvertently discourage diversity and innovation within the accounting profession by limiting the pool of eligible professionals based on a specific qualification.

Furthermore, the notion of "forcing" individuals to undertake the SCAQ or obtain the ISCA CA qualification raises concerns about autonomy and freedom of choice within the accounting profession.

Professionals working in commercial accounting roles may perceive AWRC's proposition as an attempt to impose conformity and stifle individual career trajectories.

While AWRC's suggestion may stem from a genuine intention to enhance financial governance within listed companies, its potential implications warrant careful consideration.

The profession should strive for inclusivity, fairness, and diversity while upholding standards of competency and integrity.

As such, any suggestion for regulatory intervention should be crafted with these principles in mind, ensuring that it fosters a dynamic and inclusive accounting profession.

Too hard to retain seniors so they give up. Juz making some effort to retain assocs

I think the audit partners in their 40s and 50s and 60s now realised that as much as they want profits themselves, they need young people, they young blood to go fieldwork to do vouching work.

Without young people go field doing vouching, who will do vouching work?

Is that salary partner or managing partner or equity partner in his late 40s willing to do fieldwork?

Or these folks want to stay in their comfort office to shake leg and do review work?

Come on...

We all know the blood, sweat, tears of the audit working paper all done by young people associates and seniors.

People in 40s to 60s are so afraid that no one is performing the audit fieldwork but they have so much audit client portfolio to do.

What the partners can do is increase audit fees and increase salaries to retain people to do vouching.

Originally Posted by Unregistered

same. Which firm? orange or blue?

Got PO from blue

Originally Posted by Unregistered

I think the audit partners in their 40s and 50s and 60s now realised that as much as they want profits themselves, they need young people, they young blood to go fieldwork to do vouching work.

Without young people go field doing vouching, who will do vouching work?

Is that salary partner or managing partner or equity partner in his late 40s willing to do fieldwork?

Or these folks want to stay in their comfort office to shake leg and do review work?

Come on...

We all know the blood, sweat, tears of the audit working paper all done by young people associates and seniors.

People in 40s to 60s are so afraid that no one is performing the audit fieldwork but they have so much audit client portfolio to do.

What the partners can do is increase audit fees and increase salaries to retain people to do vouching.

Thats why i always treat my jr and snr very well. Snr is the most jia lat position. Need handle in out up down. Not all ppl will be nice, a lot mgr just want to submit homework. Im glad i have good mgr to guide. And when im mgr alrdy i also know how to treat my team well.
Ex audit mgr signing off.

Originally Posted by Unregistered

Thats why i always treat my jr and snr very well. Snr is the most jia lat position. Need handle in out up down. Not all ppl will be nice, a lot mgr just want to submit homework. Im glad i have good mgr to guide. And when im mgr alrdy i also know how to treat my team well.
Ex audit mgr signing off.

I see other people manager treat them din tai feng and hai di lao

My manager treat me 40 review points on Friday afternoon.

[ivanong]

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