Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

What’s your current rank? The longer you stayed the harder it is to exit ?

Not OP. I'm senior, already can't find a job. Just don't join audit in the first place if you haven't, save yourself the trouble.

Originally Posted by Unregistered

Bro u never audit payroll before issit? Head of Dept at any half-decent MNC can earn just as much at much better hours. No need equity buy-in also.

Hod usually 20+- luh lol.

Even with 3 mths bonus on average

300k...

The ts above mentioned 400k median...

But obviously can't just compare on numbers because in big four, your work is your life so **** that

Since the IGP/A’s/IB score to enter into the accountancy programme for the three local unis have fallen, does anyone know where our brightest are going? Outside of law / med / (I guess computing) and overseas scholarships

Honestly the work life balance is improving and I expect it to get even better in 3 to 5 years.

When I joined in 2010, the senior managers were all old birds belonging to an era where work is life and they had certain practices which would surely get them cancelled in this day and age.

That generation of senior managers has mostly all left, replaced by my batch / juniors of Millennials which are more results oriented and will not force you to OT for the sake of OTing even when you have nothing to do.

In another 3 to 5 years, once the Gen Z 2000 kids become seniors and managers, the culture should likely get even better.

Why so many backlogs in so many audit firm?

Why so many job openings?

Originally Posted by Unregistered

Is this poster a local uni graduate same year as me where we do not qualify for the transitional arrangement pre-admission 5 day course nor any scaq exemptions.

For us who is still in accounting, its really painful to see the scaq and the industry to be in such state. We were neither covered by accounting org like CPA Aust nor whatever 'accelerated pathway and exemptions' which current uni grad have. It's precisely the combo of (5 exams + 3yrATO) that dissuaded most of us and future gen not to take scaq. Now that it's "soften", it does not apply to us, making our degree seems like a piece of toilet paper that does not qualify any exemptions cause we are seen as outdated. And at this point, looking at our age and life commitment we have, how to take on 5 exam papers which goes back to the point where we do not even qualify for any exemptions. So many years of working experience can't even be recognised for the ATO practical experience if our employers were not ATO. This whole scaq thing is really a pain in the ass for us and our bosses who went through the 5 day course laughing at us when I told them about SCAQ which they didn't know it exist.

Yea, I know, it really sux to be us born in wrong year and stuck in the in-between batch. Got it.

Yeah.

After SQP was introduced, people complained and say "I born too late"

Now after "SCAQ Accelerated Pathway 2 x sponsored paper" + "2 x Exemption after graduation" introduced, people say "I born too early"

Originally Posted by Unregistered

Is this poster a local uni graduate same year as me where we do not qualify for the transitional arrangement pre-admission 5 day course nor any scaq exemptions.

For us who is still in accounting, its really painful to see the scaq and the industry to be in such state. We were neither covered by accounting org like CPA Aust nor whatever 'accelerated pathway and exemptions' which current uni grad have. It's precisely the combo of (5 exams + 3yrATO) that dissuaded most of us and future gen not to take scaq. Now that it's "soften", it does not apply to us, making our degree seems like a piece of toilet paper that does not qualify any exemptions cause we are seen as outdated. And at this point, looking at our age and life commitment we have, how to take on 5 exam papers which goes back to the point where we do not even qualify for any exemptions. So many years of working experience can't even be recognised for the ATO practical experience if our employers were not ATO. This whole scaq thing is really a pain in the ass for us and our bosses who went through the 5 day course laughing at us when I told them about SCAQ which they didn't know it exist.

Yea, I know, it really sux to be us born in wrong year and stuck in the in-between batch. Got it.

Yeah lor.

After SQP was introduced, people complained and say "I born too late"

Now after "SCAQ Accelerated Pathway 2 x sponsored paper" + "2 x Exemption after graduation" introduced, people say "I born too early"

Originally Posted by Unregistered

Is this poster a local uni graduate same year as me where we do not qualify for the transitional arrangement pre-admission 5 day course nor any scaq exemptions.

For us who is still in accounting, its really painful to see the scaq and the industry to be in such state. We were neither covered by accounting org like CPA Aust nor whatever 'accelerated pathway and exemptions' which current uni grad have. It's precisely the combo of (5 exams + 3yrATO) that dissuaded most of us and future gen not to take scaq. Now that it's "soften", it does not apply to us, making our degree seems like a piece of toilet paper that does not qualify any exemptions cause we are seen as outdated. And at this point, looking at our age and life commitment we have, how to take on 5 exam papers which goes back to the point where we do not even qualify for any exemptions. So many years of working experience can't even be recognised for the ATO practical experience if our employers were not ATO. This whole scaq thing is really a pain in the ass for us and our bosses who went through the 5 day course laughing at us when I told them about SCAQ which they didn't know it exist.

Yea, I know, it really sux to be us born in wrong year and stuck in the in-between batch. Got it.

I wonder is it ISCA is afraid of complaints from NTU, NUS, and SMU graduates regarding ISCA giving exemptions for CPA Australia members under MRA.

ISCA probably be thinking the local university graduate feels unfair that CPA Australia members only need to do 1 x Capstone exam paper.

However, ISCA seems to be addressing these concerns by introducing an "Accelerated Pathway" to current batches of undergraduate (students) currently studying in university.

Under this program sponsored by ISCA, current undergraduate from these universities can start tackling ISCA SCAQ papers early, completing two exam papers under sponsorship during their university years and then being exempted from two more exam papers upon starting work. This essentially means the current undergraduate batches only need to complete one Capstone paper after graduation or upon working, leveling the playing field for all.

ISCA's CEO, Fann Kor acknowledges the challenges of balancing work and studies.

Which is why I think the "Accelerated Pathway" has been introduced. This initiative aims to streamline the qualification process, with future local universities graduates, CPA Australia members, and possibly ACCA members all just needing to complete one Capstone exam.

However, there's still a discrepancy for backlog graduates between 2013 and 2023 who must complete five exam papers under the existing SCAQ system. Nevertheless they may benefit from some exemptions, reducing their workload to just three to four papers.

In an effort to attract more members, ISCA should really consider reverting to the old system of a five-day workshop and three years of experience, which would accommodate local graduates, ACCA members, and CPA Australia members.

There are also discussions about the necessity of the ATO requirement, especially for companies where the finance department is not a significant part of operations. There are still companies in the SME sector not registered as ATO.

While ISCA has signed RMAs and MRA with various international bodies, some of these agreements seem less practical, as professionals are unlikely to relocate due to tax system differences.

The recent introduction of the "Accelerated Pathway" seems to contradict ISCA's previous strict rules set in 2013 Singapore Qualification Programme SQP, which required candidates to work full-time under ATO for 3 years while studying for the SCAQ (i.e. CPA exam). This change allows undergraduates to complete two SCAQ papers during their university years and get two SCAQ exemption paper suggesting a shift in ISCA's approach. In short, the year 2028 graduates will only need to do 1 x Capstone

In essence, ISCA is undergoing significant changes to its qualification process, aiming to accommodate a wider range of candidates while also addressing previous criticisms and challenge

Say real one those folks in 40s and 50s and 60s still wanna go fieldwork do vouching meh?

Now still can rely on singles who are aged in 30s (i.e. those born in late 80s to early 90s) to do fieldwork

But in another 5 years time, they will be in 40s

Still wanna do vouching work meh?

hi anyone know what’s the starting pay for fresh grad at PwC/kpmg this year ?