Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

It’s quite surprising when people suddenly claim they have "discovered" that audit is not for them.

I clearly remember you saying you wanted to go into audit when you started. So how can you now say something different?

Do you honestly believe you can move on to another job without the experience you gained from auditing?

Let’s be honest, it’s not about realising audit is not for you. Be truthful.

The experience you gained in audit is what will help you secure your next job.

And now you are saying it is not what you want? That sounds contradictory.

Perhaps you are not being honest with yourself. Stop doubting everything. Without the audit experience, you would not even have these other opportunities.

Who is the “you” ?

Personally, I'm thankful for the experience… surviving the harsh working hours, the CA sponsorship and the work exposure. endured the worst pain of working non stop during high peak and nothing can surpass that. Yes, I'm still using Big 4 as a stepping stone.

Originally Posted by Unregistered

Who is the “you” ?

Personally, I'm thankful for the experience… surviving the harsh working hours, the CA sponsorship and the work exposure. endured the worst pain of working non stop during high peak and nothing can surpass that. Yes, I'm still using Big 4 as a stepping stone.

And you suddenly "discovered" audit is not for you.

Originally Posted by Unregistered

Consulting / Advisory in particular hates it when you ask if they auditor

Need minimum 2nd upper to get in

And if you qualify for that, there are consulting options outside of big4 la

Originally Posted by Unregistered

Consulting / Advisory in particular hates it when you ask if they auditor

Audit is key service offering which complements a full suite of services

The data churned is interexchangeable with other business services and sets big 4 apart from other management consulting firms

However, its more documentation and evidence based in terms of the process to obtain true and fair financial statements

The value add is very minimal

Originally Posted by EDMWer

Audit is key service offering which complements a full suite of services

The data churned is interexchangeable with other business services and sets big 4 apart from other management consulting firms

However, its more documentation and evidence based in terms of the process to obtain true and fair financial statements

The value add is very minimal

Which is why i believe some departments look down on audit

Just like what other bro say, audit is 2nd or 3rd tier profession

I agree with what the bro said

Companies always rely on the month end financials or the rolling budget to set the pace for the future

The audited financials are too late to make a difference in terms of strategy making

Maybe the bros here can rush out the audited financials to make it much more asap so it will help more

Originally Posted by EDMWer

Audit is key service offering which complements a full suite of services

The data churned is interexchangeable with other business services and sets big 4 apart from other management consulting firms

However, its more documentation and evidence based in terms of the process to obtain true and fair financial statements

The value add is very minimal

I thought it had always been like this. Audit is not to “advise” but to provide reasonable assurance of the fs

Why has the perception of auditors become so much worse in 2024? lol

Originally Posted by Unregistered

I thought it had always been like this. Audit is not to “advise” but to provide reasonable assurance of the fs

Why has the perception of auditors become so much worse in 2024? lol

Thats because audit is not at the forefront of business decision making.

The yearly audited fs is only relied upon by IRAS and ACRA or some third party who
doesnt think its important to get latest financials and the time lag is acceptable

Investors usually use interim financials

Need to repackage an auditor to be part of transaction advisory and due diligence

The users of audited financial statements can be a really wide bunch so its not customised and intended for a general high value tier audience

I also think auditors in future should audit and include non financial information as well so we can get better view of the company

Originally Posted by Unregistered

It’s quite surprising when people suddenly claim they have "discovered" that audit is not for them.

I clearly remember you saying you wanted to go into audit when you started. So how can you now say something different?

Do you honestly believe you can move on to another job without the experience you gained from auditing?

Let’s be honest, it’s not about realising audit is not for you. Be truthful.

The experience you gained in audit is what will help you secure your next job.

And now you are saying it is not what you want? That sounds contradictory.

Perhaps you are not being honest with yourself. Stop doubting everything. Without the audit experience, you would not even have these other opportunities.

Wait... what is wrong with saying something different now compared to the past? After going through a process for a certain time, isn't it normal that people mindset change? When the "you" said wanted to go into audit in the first place and is expected to stay in the industry for 20+ years? Circumstances change, environment change, culture change and it is natural that people change. We are all being honest here, many people realize audit is not for them when the higher management treat them as slaves. True audit experience helps in securing next job to a certain extent and people might have passion in other areas and make a switch in career. How is this contradicting? Audit becomes so toxic because of unreasonable management over the years.

Originally Posted by EDMWer

Thats because audit is not at the forefront of business decision making.

The yearly audited fs is only relied upon by IRAS and ACRA or some third party who
doesnt think its important to get latest financials and the time lag is acceptable

Investors usually use interim financials

Need to repackage an auditor to be part of transaction advisory and due diligence

The users of audited financial statements can be a really wide bunch so its not customised and intended for a general high value tier audience

In 2024, seems like the profession has been redefined as lower caliber