Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

That's last time la. Now, can't even exit. Even ex-audit FP&A hiring managers don't want to hire auditors and rather hire FP&A people.

But still alot people still exit leh

I see my friends in Big4 all exit without care

Originally Posted by Unregistered

So we are only getting the increment because of the foreigners ?

Yes of cos.
In this industry u can forget about merit. Ep is benchmarked to top few of pmet what...
Its not even the first time.....

Originally Posted by Unregistered

I don't understand why audit firms don't increase their fees when the clients are using the audited financial statements to achieve their objective like

1. applying for gov grants
2. getting investors to invest in company
3. tendering for project
4. giving to the banks for credit facilities

Are the public accountants so dumb to charge so low fees when the clients are making use of the audited financial statements to do so many things.

Huh.. no matter what u in sg leh. U cannot compare to eu or us. The culture here is race to bottom.

We dont even have enough companies to get service from so many cpa firms. U be shock to know how many listed co we have in sg.
Go google. Thats why ppl always say they are selling dreams since 15 20 years ago. Same old same old dreams. Partnership and cfo dreams.

4k fee can get the above aup done by small firm.

Originally Posted by Unregistered

But still alot people still exit leh

I see my friends in Big4 all exit without care

Can exit la but not as easy as last time.

Originally Posted by Unregistered

Yes of cos.
In this industry u can forget about merit. Ep is benchmarked to top few of pmet what...
Its not even the first time.....

Lol

But this year increment zhun zhun du tio (just nice come across) Accountancy Workforce Review Committee just ended their discussion

So that audit firm can say AWRC say must increase salary

But smart people know is due to MOM EP

i have delusional local sm who always like to glorify and brag about the big4 branding. C'mon la how satki can you be when your desk left and right is filled with half past 6 ingrish jhk who comes from tonkotsu uni. LOL.

Originally Posted by Unregistered

Not sure why local grads want to protest/dont like audit, it is one of the “safest” route to hit 100k PA in your career.

PS: Been there and done that, never regret,

100k PA is starting pay for some industries now, big4 increment cant even keep up with inflation

Originally Posted by Unregistered

I don't understand why audit firms don't increase their fees when the clients are using the audited financial statements to achieve their objective like

1. applying for gov grants
2. getting investors to invest in company
3. tendering for project
4. giving to the banks for credit facilities

Are the public accountants so dumb to charge so low fees when the clients are making use of the audited financial statements to do so many things.

lol In Singapore, it’s a cost strategy. Clients will just choose the lowest fee. If a firm increases its fee, next year they may change auditors.

Audit firms will usually keep those low-margin clients. Staff on these kinds of engagements have to work overtime a lot because the bookings are usually shorter.

boycott auditors boycott big 4. cheat client money

Just let it be la.

Gen Z has their own mindset and culture and they are entitled to choose the jobs that can meet their expectations.