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6.2k assuming a 20-30% jump from your big4 salary means you should be second or first year associate? To be honest too early to say if you will be partner track. But you should just stay if you are so easily swayed by your SM cheap words. |
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There is a disconnect between what your SM is telling you about making partner and then telling you that you might be laid off, a good person progresses anywhere he or she goes. Sounds like complete ********, smells like complete ********, you couldn't catch the ********, or you fell for your SMs ****. You are not partner calibre. Get good. |
://.afr.com/companies/professional-services/ey-may-spin-off-auditing-arm-20220527-p5aoyo
Global consulting powerhouse EY is considering splitting off its audit arm, amid increasing regulatory concerns about the conflict that has risen from the firm and its big four rivals providing non-audit work to auditing clients. A string of audit-related failures across the world have triggered the regulatory crackdown, including the collapse of EY clients Wirecard and Luckin Coffee and KPMG UK audit client Carillion. ... Wirecard, a German payment processor, filed for insolvency in 2020 after admitting that €1.9 billion ($3 billion) of cash on its books probably never existed. Luckin Coffee filed for bankruptcy this month amid allegations the company’s executives inflated income, costs and expenses for 2019. The scandals have badly hurt EY’s ability to win work in Europe and China, according to rivals. In a partner briefing last year, Deloitte Global chief executive Punit Renjen said EY’s Wirecard issues would “haunt them, certainly in Europe” and that EY was “persona non grata in terms of audit in the Chinese market because of Luckin Coffee and Wirecard”. Any news on this. Why yellow so jialat. Spinoff audit then how? Still will have Big4 "prestige" anot? |
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Go tok to ur boss.. everyone said the same thing.. they know how bad the quality of the staff now are. |
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They will be joining some EY newco audit entity. Bo prestige since the consulting arms will be separate liao. Part of the Big4 "selling point" is that they can call themselves "consultants" and that you're joining a "global consulting firm" even though ur really doing audit. Nobody feels shiok when they say they work in an "audit firm". More shiok to say "consulting firm". |
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