Q: Big4 - Yearly salary increment

prob wont be able to directly jump into fund houses/ investment funds as above mentioned. try to start off from those providing fund accounting services (like big 4 but more specialised) or local small fund / REIT etc... they have very low entry requirement for junior positions (1-2 years of exp) but if u are AM/M alrdy, forget lah, too late to switch industry

Originally Posted by Unregistered

Back in my day… 90% of accountancy graduates started out in big 4… 90% gave up halfway and went to industry as APAR / Fund / Financial Accountants but the remaining 10% who were mentally strong to persevere became partners. Most of the partners I know are currently making serious money here (average 400-600k all in per annum). Those who left earlier only making around 200k per annum. Difference in pay is 2-3x more…

Stay woke salaryman, be a business owner rather than an employee. Grateful for the partner opportunity by big 4.

lol u could be 10x of 200k and it wouldnt make a difference to the ordinary person. pretty sure most here would be satisfied with 150k, and whats the point of earning 400-600k at the expense of good people who just want a decent salary? look at the state of things now, big 4 is barely a semblance of its past filled with asshats who think they are special just because they are in a big4

Originally Posted by Unregistered

What’s your exposure like? Do you find your learning curve becoming stagnant after Senior 1?

his exposure is he thought he could be partner but gave up and just dreaming of the could have would haves if he stayed on.

in seriousness, the learning curve never stagnates in big 4 if you are worth your salt. i've lasted for 6 years and there always something new to learn

so many industries, so many people to interact with, and you get to see how management views their business, can be the same industry but two different schools of thought. can be same accounting issue but different treatment. really trains your problem solving skills outside of just being technical or good at accounting, and over time your client will trust you with solving their problems even outside of accounting.

but all this being said, learning curve is something people arbitrarily put on their jobs. im sure you hear people saying xxx career is garbage there is nothing useful, can be audit can be FP&A can be internal audit, there will always be someone who says that you will stagnate and whatever bs.

i moved in FP&A against the advice of some of my partners (some not all, some give genuine advice) saying that after a while you learn nothing. its all bs, i still learn as long as i put myself up for the opportunity.

Originally Posted by Unregistered

Hello everyone,

I am an audit partner overseeing 80 audit engagements, all of which are above $10 million in size. Currently, I have one audit senior working with me. I am considering hiring one more staff member, but my audit senior has indicated that he needs two more assistants to finalise the 80 audit engagements.

If I were to hire two more staff members, it would result in a financial loss. I still have utilities, rental expenses, CPF, and salaries to pay, and I cannot afford to hire three staff members.

I would appreciate insights from fellow audit associates, audit seniors, audit managers, or audit partners who may have experience or suggestions on how to manage this situation effectively.

Thank you.
Audit Partner

u fking dog partner.
use your pig brain and raise the audit fee?
how did u even become partner when u have no business sense?
seeing how tight financial is for you, u are too dependant on your clients audit fee, there is a high chance u cannot be objective and no longer issue an independent audit opinion. will report u to ACRA

There should be a ACRA whistle blowing channel for auditors
that allows us to

1) report our audit partners if the firm dont have sufficient resources to carry out audit in the appropriate manner (manpower, timeline)
- thats why we are double booked and lack of sleep

2) report our audit partners/managers who want to hide material misstatements in order to close the job and collect audit fee
- im sure if you are a senior and seen enough, u would know the magic involved in closing jobs

Originally Posted by Unregistered

u fking dog partner.
use your pig brain and raise the audit fee?
how did u even become partner when u have no business sense?
seeing how tight financial is for you, u are too dependant on your clients audit fee, there is a high chance u cannot be objective and no longer issue an independent audit opinion. will report u to ACRA

obviously a troll..

Anyone jump out with 2YOE and what roles are u doing now?
Not sure what to kind of fields should i step into if leaving big4.
2YOE is not enough to secure a better job offer. But rly sick of Big4, lack of manpower, crazy deadlines, desperate clients, incompetent team members and demanding bosses. The learning curve is steep and I do learn a lot comparing to take on an accounts role. But want to get rid of the toxic culture and find somewhere I can get some WLB and inner peace at least.
Is it possible to get the IA or FP&A role with ~ $5k or less pay?

Originally Posted by Unregistered

There should be a ACRA whistle blowing channel for auditors
that allows us to

1) report our audit partners if the firm dont have sufficient resources to carry out audit in the appropriate manner (manpower, timeline)
- thats why we are double booked and lack of sleep

2) report our audit partners/managers who want to hide material misstatements in order to close the job and collect audit fee
- im sure if you are a senior and seen enough, u would know the magic involved in closing jobs

Good suggestion

Auditors fùçking useless. Dont know what they are doing and always ask repeated questions to clients. Bunch of sohai

Originally Posted by Unregistered

u fking dog partner.
use your pig brain and raise the audit fee?
how did u even become partner when u have no business sense?
seeing how tight financial is for you, u are too dependant on your clients audit fee, there is a high chance u cannot be objective and no longer issue an independent audit opinion. will report u to ACRA

how to justify the audit fee increase to clients?