KPMG auditors with SCA qualification to get 20% pay hike

They will also grant a 10-day study leave for auditors who pursue the qualification.

Accounting organization KPMG will give a 20% salary increment for its auditors who obtain the Singapore Chartered Accountant (SCA) qualification by 1 July 2020, an announcement revealed.

This move will see KPMG paying its auditors significantly above the industry benchmark.

Additionally, the firm will also grant a 10-day study leave per sitting for auditors who pursue the SCA qualification.

The company stated that the decision was made to “enhance audit quality to the benefit of the capital markets and the profession.”

Singapore managing partner Ong Pang Thye said, “This move to peg pay to enhanced qualification represents one of our largest investments in audit quality to date, and the importance we place in recognising accreditation in line with the global profession and the need to deliver greater value in our audit.”