| Today 06:15 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
I’m OP. I do audit 3 years look like 35 years old alr.😭
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Take care of yourself lah
Earn so much money
Go buy some health supplement
Don't stress
You can't be like a Japanese right where you need to harakiri
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| Today 06:03 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Can exit. Just that pls don’t expect to exit as mgr with 20% pay bump + original title
Becos why would a commercial firm hire someone in with only audit experience to manage a team ? How u manage ppl who knows the system and business better? Financial reporting is like 20% of what ppl do in commercial and u can find $4k accountants easily
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Public is the best. Commercial low pay unless u fc and above.
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| Today 04:45 PM |
| Unregistered |
Can exit. Just that pls don’t expect to exit as mgr with 20% pay bump + original title
Becos why would a commercial firm hire someone in with only audit experience to manage a team ? How u manage ppl who knows the system and business better? Financial reporting is like 20% of what ppl do in commercial and u can find $4k accountants easily
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| Today 04:32 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Bookings are already getting shorter and shorter this year, that's why the peak was unusually bad. Resignation, hiring freeze, hired people can't come in because MOM reject their EP application, existing staff EP renewal not approved... This is a very bad year, which is why they bothered "raising pay". It's so bad that I resigned without a job in line.
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Huh i want join big 4 leh. As mgr of cos.
Big 4 is the future
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| Today 04:14 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
But still alot people still exit leh
I see my friends in Big4 all exit without care
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before 2023, ez pz. from 2023 onw, good luck
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| Today 04:13 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
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.
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Bookings are already getting shorter and shorter this year, that's why the peak was unusually bad. Resignation, hiring freeze, hired people can't come in because MOM reject their EP application, existing staff EP renewal not approved... This is a very bad year, which is why they bothered "raising pay". It's so bad that I resigned without a job in line.
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| Today 03:54 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Basically, young people just don't want to be tied down or bond or threatened with 3 years.
But 3 years very fast gone what
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I’m OP. I do audit 3 years look like 35 years old alr.😭
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| Today 03:11 PM |
| Unregistered |
Gov throw $15m and audit firm increase salaries for A1 to $4.1K
Is like saying "Limpeh throw money" = see people want to join or not?
Is really a display of arrogance!
Remind of our water experts. If many people are using water, simple!! just increase the water tax lor...see people still dare to use so much water or not?
Is like playing with numbers
Dump $15m = increase 100 people join audit industry
Dump $30m = increase 200 people join audit industry
Dump $45m = increase 300 people join audit industry
Dump $70m = increase 400 people join audit industry
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| Today 02:55 PM |
| Unregistered |
Quote:
Originally Posted by 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
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Basically, young people just don't want to be tied down or bond or threatened with 3 years.
But 3 years very fast gone what
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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
|
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