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15-08-2024, 11:41 AM
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is any other big 4 making auditors take over IT audit work???
From EY:
As highlighted in the recent communication on “Transforming IT audit delivery for the future” issued by our Singapore Assurance Leader on 5 August 2024, financial auditors will take on complete ownership for the IT audit of engagements with non-complex IT environment. This change will be implemented incrementally over the next three years.
So isit the IT auditors are gonna be retrenched soon? no more jobs for them?
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15-08-2024, 11:48 AM
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Quote:
Originally Posted by Unregistered
is any other big 4 making auditors take over IT audit work???
From EY:
As highlighted in the recent communication on “Transforming IT audit delivery for the future” issued by our Singapore Assurance Leader on 5 August 2024, financial auditors will take on complete ownership for the IT audit of engagements with non-complex IT environment. This change will be implemented incrementally over the next three years.
So isit the IT auditors are gonna be retrenched soon? no more jobs for them?
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Non complex it environment.. for ssa315 right. Means checklist work la.
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15-08-2024, 12:05 PM
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Quote:
Originally Posted by Unregistered
Non complex it environment.. for ssa315 right. Means checklist work la.
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have to do S&S for it audit, ITGC and app controls, basically all testing for IT audit. Both preparer and reviewer will b from audit team.
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15-08-2024, 12:42 PM
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Quote:
Originally Posted by Unregistered
Nobody really care for you la. U think auditors dunno many useless accountants outside meh. Lose 1 useless client also no impact. Cannot recover fee, no one care. Can drop u anytime.
U sure u fm anot. U wan fast u pay premium during peak, its a open secret.
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I don't mind pay premium audit fees. If I pay premium, you sure can deliver the audit report?
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15-08-2024, 01:32 PM
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Quote:
Originally Posted by EDMWer
Surely can
Im thinking of asking management for approval for morning PT with 1 loop across MBS
After the PT training, we will do a Haka war cry at ORQ to boost morale before starting work
With healthy employees, we trust that this will improve audit productivity like what the Japanese MNCs do
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ok what is the audit firm?
I can change auditor to your firm
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15-08-2024, 01:56 PM
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Quote:
Originally Posted by Unregistered
have to do S&S for it audit, ITGC and app controls, basically all testing for IT audit. Both preparer and reviewer will b from audit team.
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This is nth new. Ssa315 revised so long alrdy. Just another gimmick to earn client fee.
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15-08-2024, 02:00 PM
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IT audit test controls only
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15-08-2024, 06:16 PM
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whats the transition or adjustment like going from big 4 to mid tier like BDO ?
is it easy to use their systems or hows the difference in workload or clients ?
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