Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

currently how many concurrent engagements do auditors do?

1) Staffing for engagements may be reduced, such as going from 2 seniors and 2 associates to 1 senior and 2 associates.
2) Time allocation for engagements could be reduced, for example, shortening a 3 months engagement to 2 months.
3) You might also be asked to assist on other engagements while working on an existing one to optimise resource utilisation.

Originally Posted by Unregistered

If you like working until 2 am daily, working on weekends, and on public holidays while your friends are out enjoying themselves, then audit might be for you. However, you might wonder why you are working so hard yet earning less than the average fresh graduate. your neighbours can enjoy themselves, buy condos, cars etc, but you can't do those things. Is it worth it?

Of course, some will say that if you're in it for the money, you shouldn't join audit. So, do we join audit for passion or for the overtime life? Ridiculous.

As for the SCAQ, its value has decreased now. It's not necessary to have it or to stick it out for three years in Big 4 firms. I don't think hiring managers specifically look for it.

Erm you’re not wrong, but I sort of see it as a punishment for myself for not studying harder lol…

Originally Posted by Unregistered

lol gen z bb pls stop take yourself so seriously… not becos you kpkb that’s why increase salary…. Is purely becos EP threshold changed lah

And nobody cares if we join audit or not. Always enough supply of fresh blood from neighbour who can x3 salary and work hard one

My suggestion is just go for better industry. Take your acc degree as a skill not a career

The x3 is too misleading because prices are not 1 to 1.

By your logic, does it mean I get x110 salary in Japan?

Originally Posted by Unregistered

1) Staffing for engagements may be reduced, such as going from 2 seniors and 2 associates to 1 senior and 2 associates.
2) Time allocation for engagements could be reduced, for example, shortening a 3 months engagement to 2 months.
3) You might also be asked to assist on other engagements while working on an existing one to optimise resource utilisation.

It’s ok because end of the day you still only have 24 hours a day.

I keep hearing people say they will stretch you more and more, but that has been going around since the 2000s.

Like a rubber band, you either learn to be elastic and adapt or snap and leave.

End of the day, if audit quality suffers, it’s the risk of the partners to decide if they are comfortable to sign or ask client for time extension.

Originally Posted by Unregistered

The x3 is too misleading because prices are not 1 to 1.

By your logic, does it mean I get x110 salary in Japan?

I believe the OP's point was that our neighbours can earn 3x the equivalent salary in RM to live comfortably in their country. The average salary for fresh grads is around 2.8k RM for them. If they can earn 3.5x of $4.1k in Singapore, 16.7k RM (1.17x 3.5x), they could afford a lot things there. For us, it’s a 1:1 exchange rate, our purchasing power is limited in comparison.

With the higher salary, our neighbours are more willing to put in effort.

Originally Posted by Unregistered

It’s ok because end of the day you still only have 24 hours a day.

I keep hearing people say they will stretch you more and more, but that has been going around since the 2000s.

Like a rubber band, you either learn to be elastic and adapt or snap and leave.

End of the day, if audit quality suffers, it’s the risk of the partners to decide if they are comfortable to sign or ask client for time extension.

lol I firsthand witnessed my workload increasing more than that of my previous senior of the same rank.

Originally Posted by Unregistered

I believe the OP's point was that our neighbours can earn 3x the equivalent salary in RM to live comfortably in their country. The average salary for fresh grads is around 2.8k RM for them. If they can earn 3.5x of $4.1k in Singapore, 16.7k RM (1.17x 3.5x), they could afford a lot things there. For us, it’s a 1:1 exchange rate, our purchasing power is limited in comparison.

With the higher salary, our neighbours are more willing to put in effort.

thank you for explaining on my behalf. It makes me laugh that such a simple logic also need somebody explain … and still Yaya want 5k starting pay?

Originally Posted by Unregistered

The x3 is too misleading because prices are not 1 to 1.

By your logic, does it mean I get x110 salary in Japan?

Well you dont get paid in the same numerical amount in Japan whereas across the border these jhk get paid the same number equivalent. A1 starting also 3k+ RM etc

Originally Posted by Unregistered

blockchain the process... not possible

in this hypothetical blockchain process, who is going to host the nodes? is it 2 parties (auditor to 1 client) chain or multi party chain (auditor to many clients).

if its previous, how audit maintain all those chains?
if its latter, how audit ensure the single chain can be used by all parties?

and the whole purpose of having someone doing the accounts/audit is so that they can get sued when something goes wrong? until an AI software company is going to take the liability, this is never going to happen.

as someone auditing blockchain/crypto clients exclusively, it is not that simple. theres 1 million other problems

Originally Posted by Unregistered

I believe the OP's point was that our neighbours can earn 3x the equivalent salary in RM to live comfortably in their country. The average salary for fresh grads is around 2.8k RM for them. If they can earn 3.5x of $4.1k in Singapore, 16.7k RM (1.17x 3.5x), they could afford a lot things there. For us, it’s a 1:1 exchange rate, our purchasing power is limited in comparison.

With the higher salary, our neighbours are more willing to put in effort.

Are the idiots here serious?

If they're earning SGD, they're paying food, transport and most importantly rent in SG which is expensive af... auditors long hours where got time to cross causeway every day? MY based auditors working on SG clients are only paid ~20% higher in MYR than MY based auditors working on MY clients, if the company even bother paying higher even. The only ones huat-ing are those in SG sharing room with 2 other people to pay SGD 500 in rent and skimping on food to eat only SGD 500 per month, saving the rest for their retirement in Malaysia. But ****ing miserable sia, cannot even eat out and need to eat cai png all the time.

No wonder partners don't want to pay 5k starting pay for brains like these...