The changes come after a report by the Accountancy Workforce Review Committee addressed ways to increase the supply of high-quality accounting talent.
First-year hires joining Deloitte under its accelerated audit career programme from Sept 1, 2024, will have a starting salary of $4,500 a month.KPMG is committing $30 million to raising salaries for eligible employees across the audit, tax and enterprise risk services from October. Staff with certain professional qualifications will also receive salary enhancements.
Around $50 million towards technological advancements, including the development of emerging technologies and generative artificial intelligence. Accounting firms EY and RSM have also committed to align their policies with the recommendations outlined in the report.
Source: News Formal (newsformal.com)
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