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24-03-2019 01:18 PM
LahLehLor
Quote:
Originally Posted by Unregistered View Post
Do you have to take SQP to be CA?
To be CA Singapore, you will need to take the Singapore CA Qualification (SCAQ, previously known as SQP), complete with 3-year practical experience at any Accredited Training Organisation.

If you do not wish to take SCAQ, you can pursue either of the following professional accountancy bodies which allows you to get CA Singapore under the reciprocal arrangement with ISCA.
  • Chartered Accountants Ireland
  • The Institute of Chartered Accountants in England and Wales (ICAEW)
  • The Institute of Chartered Accountants of Scotland (ICAS)

If you feel that you do not require a local (Singapore) Chartered Accountant status, you can opt for other popular professional accountancy bodies such as ACCA or CPA Australia. Please note that you will not be able to convert to CA Singapore (for now) if you are taking ACCA or CPA Australia.

It is highly recommended to have CA Singapore if you are carving a career in Big 4 or local accounting/audit firms (Otherwise you will most likely "henta kaki" at some point in time). Otherwise, my personal opinion is that any CA/CPA is a good to have if you are pursuing the audit/accounting route. If you are pursuing other route, spend your time in pursuing something relevant and useful for your job.
21-03-2019 09:19 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
I am a first year audit associate in a big 4 now, graduated from a local uni w BAcc too. Almost all the first class honors have left the firm within a few months of entering. Some went into MA programs or finance analyst positions (paying >4k+/mth). at entry levels of audit, you are also exposed to alot of mundane tasks such as vouching which doesn't really take much brainpower.

also, entry levels for the accounting/audit industry does not seem to pay that well. A FCH here gets paid i think 3.3k/mth while there are so many other doors open to a local uni BAcc FCH in other financial industries that pays so much higher (>4.5k/mth)

Ultimately, if your goal is to be CFO or accountant (if your interest is in accounting), there could be better paths out there.

coming to audit is just a waste of your FCH imo.
Do you have to take SQP to be CA?
20-03-2019 04:43 PM
Unregistered I am a first year audit associate in a big 4 now, graduated from a local uni w BAcc too. Almost all the first class honors have left the firm within a few months of entering. Some went into MA programs or finance analyst positions (paying >4k+/mth). at entry levels of audit, you are also exposed to alot of mundane tasks such as vouching which doesn't really take much brainpower.

also, entry levels for the accounting/audit industry does not seem to pay that well. A FCH here gets paid i think 3.3k/mth while there are so many other doors open to a local uni BAcc FCH in other financial industries that pays so much higher (>4.5k/mth)

Ultimately, if your goal is to be CFO or accountant (if your interest is in accounting), there could be better paths out there.

coming to audit is just a waste of your FCH imo.
26-12-2018 09:11 AM
Unregistered
Quote:
Originally Posted by PleaseGPGT View Post
You forgot... low pay
You are right. But most account student fresh grad got to start somewhere. Commercial firm is not going to hire you if you got no experience. Big 4 would be a good start for them.
23-12-2018 03:18 PM
PleaseGPGT
Quote:
Originally Posted by Unregistered View Post
Since you are getting 1st class honour. Why not try big 4 1st. Give it a shot for at least 1 year before you think of something else. The only horror stories i heard about audit is the OT. But other than that. It is pretty ok. Just go through the motion only.
You forgot... low pay
19-12-2018 05:20 PM
Unregistered
Quote:
Originally Posted by lightskain View Post
Hi everyone have been reading this forum for a while but created a new account as it's been on my mind.

I'm about to graduate BAcc in 1 year time but I'm not too sure what I should focus on.

Grades wise I'm currently first class as I really enjoy accounting.

I have not done audit before given hearing the horror stories as well, so im not too sure if that's what I want to do.

Should I instead try the other non audit Dept, such as financial services within big 4 or would there be better opportunities elsewhere as I still want to focus on accounting related jobs.

Thanks
Since you are getting 1st class honour. Why not try big 4 1st. Give it a shot for at least 1 year before you think of something else. The only horror stories i heard about audit is the OT. But other than that. It is pretty ok. Just go through the motion only.
18-12-2018 02:55 PM
Unregistered shag..useless degree :/
15-12-2018 02:21 PM
Unregistered I would suggest advisory. It has gd prospects and not dreadful like audit.
14-12-2018 11:08 PM
Unregistered
Quote:
Originally Posted by lightskain View Post
Hi everyone have been reading this forum for a while but created a new account as it's been on my mind.

I'm about to graduate BAcc in 1 year time but I'm not too sure what I should focus on.

Grades wise I'm currently first class as I really enjoy accounting.

I have not done audit before given hearing the horror stories as well, so im not too sure if that's what I want to do.

Should I instead try the other non audit Dept, such as financial services within big 4 or would there be better opportunities elsewhere as I still want to focus on accounting related jobs.

Thanks
You would have to do SQP though, have you checked up on that? Thing is, if you do enjoy accounting, it’s best that you stick to audit, finish up the 3-4 years, get your SQP and see if you’d like to stay or enter the private sector. Accounting today is different from the accounting of past so I would advise you to try finance (banks) or learn tech (coding) or at least consider these options but know that you won’t be able to practise as an accountant. Audit is the best option if you would like accounting to be a lifelong career.
14-12-2018 07:56 PM
Unregistered
Quote:
Originally Posted by lightskain View Post
Hi everyone have been reading this forum for a while but created a new account as it's been on my mind.

I'm about to graduate BAcc in 1 year time but I'm not too sure what I should focus on.

Grades wise I'm currently first class as I really enjoy accounting.

I have not done audit before given hearing the horror stories as well, so im not too sure if that's what I want to do.

Should I instead try the other non audit Dept, such as financial services within big 4 or would there be better opportunities elsewhere as I still want to focus on accounting related jobs.

Thanks
Men must not be lazy. First year 80 to 100 hours work week during peak is good training for the mind.
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