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Today 02:44 PM

Unregistered

The underlying issue on why audit industry in Singapore is facing these issues is mainly the structure of big 4s are too top-heavy. Due to the LLP structure, all the partners are just accumulating at the top, expecting their salaries to rise 5% yearly while not bringing in more business for the firm. They can’t be removed as well as they are technically the owners of the firms. No point fighting among yourselves for an issue that the govt can’t even handle…

For SCAQ, they are just a joke and making CA title completely worthless. Requirements constantly changing just for them to hit their quotas. Increasing salary and giving exemptions to fresh grads to give them the incentive to start on SCAQ. But the 3 years practical experience requirement is the real KPI that they are looking at to keep us fresh grads stuck in big 4 to do audit.

If ISCA purely wanted more CAs, then I look forward to them reducing the 3 year requirement. Since they already given more exemptions, candidates should take a shorter time to complete CA right? REDUCE THE RPEC REQUIREMENT

For ppl thinking of studying accountancy, don’t

Today 02:38 PM

Unregistered

The only seniors left this year will either be the foreigners waiting for their PR getting approved, or those who just love audit waiting to become partner

Today 01:56 PM

Unregistered

Quote:

Originally Posted by Unregistered

But i see goon du take up the accting scholarship in poly etc.
Wa knn future gone. Result good 1 go take accting.

It’s not over. Can change course when enrolling in uni as long as cgpa > 3.9/4

Today 01:23 PM

Unregistered

Quote:

Originally Posted by Unregistered

Just let it be la.

Gen Z has their own mindset and culture and they are entitled to choose the jobs that can meet their expectations.

But i see goon du take up the accting scholarship in poly etc.
Wa knn future gone. Result good 1 go take accting.

Today 12:54 PM

Unregistered

Just let it be la.

Gen Z has their own mindset and culture and they are entitled to choose the jobs that can meet their expectations.

Today 12:44 PM

Unregistered

bad

boycott auditors boycott big 4. cheat client money

Today 12:11 PM

Unregistered

Quote:

Originally Posted by Unregistered

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

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.

lol In Singapore, it’s a cost strategy. Clients will just choose the lowest fee. If a firm increases its fee, next year they may change auditors.

Audit firms will usually keep those low-margin clients. Staff on these kinds of engagements have to work overtime a lot because the bookings are usually shorter.

Today 12:03 PM

Unregistered

Quote:

Originally Posted by Unregistered

Not sure why local grads want to protest/dont like audit, it is one of the “safest” route to hit 100k PA in your career.

PS: Been there and done that, never regret,

100k PA is starting pay for some industries now, big4 increment cant even keep up with inflation

Today 11:59 AM

Unregistered

i have delusional local sm who always like to glorify and brag about the big4 branding. C'mon la how satki can you be when your desk left and right is filled with half past 6 ingrish jhk who comes from tonkotsu uni. LOL.

Today 11:49 AM

Unregistered

Quote:

Originally Posted by Unregistered

Yes of cos.
In this industry u can forget about merit. Ep is benchmarked to top few of pmet what...
Its not even the first time.....

Lol

But this year increment zhun zhun du tio (just nice come across) Accountancy Workforce Review Committee just ended their discussion

So that audit firm can say AWRC say must increase salary

But smart people know is due to MOM EP

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