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Q: Big4 - Yearly salary increment

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  #18091 (permalink)  
Old 23-06-2024, 12:45 PM
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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
5. reporting to shareholders

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.
They wanted to charge high fees.
But there are so many audit firms around, willing to charge lower fees.
Their main aim is to secure the client as it is revenue to the firm.
If u charge high fees, they will just go find another firm.

This would change if all firms increase the audit fee.
But what would happen? Lower revenue to the client. This would like to higher product prices which will effectively passed on to the consumers.

I think u should think more before asking such questions. These are just how simple business works.

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  #18092 (permalink)  
Old 23-06-2024, 02:12 PM
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Hello everyone,

As an audit partner, I recently conducted interviews with several candidates and noted the following salary expectations for fresh graduates:

1. NTU/NUS/SMU: $4,800 to $5,000
2. SIM-RMIT/SIM-UOL: $3,800 to $4,500
3. Malaysia UTAR/UM/SWC: $3,500 to $4,200
4. ACCA: $4,200 to $4,600

Given these high salary expectations from fresh graduates, can audit firms realistically afford to hire them?

Moreover, senior managers and audit managers, who are in their 40s and 50s, are generally reluctant to do fieldwork. This situation poses a challenge with the high expectations of new graduates.

To our clients, we must inform you that there will no longer be cheap audit fees. Please anticipate higher audit fees in the future.

Thank you for your understanding.

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  #18093 (permalink)  
Old 23-06-2024, 03:03 PM
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Originally Posted by Unregistered View Post
Hello everyone,

As an audit partner, I recently conducted interviews with several candidates and noted the following salary expectations for fresh graduates:

1. NTU/NUS/SMU: $4,800 to $5,000
2. SIM-RMIT/SIM-UOL: $3,800 to $4,500
3. Malaysia UTAR/UM/SWC: $3,500 to $4,200
4. ACCA: $4,200 to $4,600

Given these high salary expectations from fresh graduates, can audit firms realistically afford to hire them?

Moreover, senior managers and audit managers, who are in their 40s and 50s, are generally reluctant to do fieldwork. This situation poses a challenge with the high expectations of new graduates.

To our clients, we must inform you that there will no longer be cheap audit fees. Please anticipate higher audit fees in the future.

Thank you for your understanding.
LMAO u joker really spend so much effort to be funny on a sunday. 20s already manager still wait till 40s.

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  #18094 (permalink)  
Old 23-06-2024, 03:45 PM
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LMAO u joker really spend so much effort to be funny on a sunday. 20s already manager still wait till 40s.
Obviously he doesn’t know much about the industry right… probably from outside, where it’s normally to be manager in 40s.

But I also wouldn’t bother correcting or educating them.

Why help them to be better trolls?
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  #18095 (permalink)  
Old 23-06-2024, 05:55 PM
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all jhk people like u shud go die.
so useless and st4pid.

stop being salty coz ur country is lousy.
I will beat the **** out of you and kill you with my ultimate punch
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  #18096 (permalink)  
Old 23-06-2024, 06:02 PM
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Singapore vs malaysia. All out war. Gogogo.

Like hamas vs israel. Exciting
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  #18097 (permalink)  
Old 23-06-2024, 06:03 PM
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Originally Posted by Unregistered View Post
Seems like many malaysians stalking our forum these days
So sensitive these jhk
So easily cry
Strawberry malaysians

Only malaysians stuck in audit cos their english cmi fail interview
Only malaysians stuck in audit becos no PR cannot find jobs


Singaporeans laughing all the way to the bank bro
Yasia, listening to their status update in meeting is cmi.
anyone sec sch kids can present better than them.
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  #18098 (permalink)  
Old 23-06-2024, 08:06 PM
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Blue
S3: 5300 (before)/ 5600 (after october, b4 ca bonus)
5800 (before w Ca)/
S4: 4800 (before) / 5100 (after)
G1:3800 (before) / 4550 (no bonus)
G2:3600(before) / 4350 (no bonus)

Yellow
S2: 5500 (before) /
S1: 4800 (before) /
A2: 3800 (before)
A1: 3500 (before)/4300 (after, no bonus)

Orange
S2:
S1: 5000 (before)
A2: 4000 (before)
A1: 3600 (before)/4100 (no bonus)

B4 Ca completion bonus 2.5k x 4

Black
S2:
S1:
A2: 4500 (after)
A1: 4100 (after)

Any updates on orange and black ?
Can anyone confirm if these figures are same for tax n advisory?
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  #18099 (permalink)  
Old 23-06-2024, 08:34 PM
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Can anyone confirm if these figures are same for tax n advisory?
tax n advisory where got increment? didn't hear a thing
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  #18100 (permalink)  
Old 23-06-2024, 09:17 PM
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tax n advisory where got increment? didn't hear a thing
Well to be fair, Advisory payscale was already higher than Audit to begin with.

Tax I'm not sure about their pay, but their peak is shorter duration than Audit.

I read this thread for hundred of pages, never heard of any complains from Advisory or Tax people before...
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