How is Foo Kon Tan Grant Thornton LLP associated with the PAP?

[winnipegjets]

Foo Kon Tan Grant Thornton LLP must be connected to the PAP inorder to secure audit contracts with the PAP Town Councils.

What's the connection?

Pay of auditors in the firm ...http://www.glassdoor.com/Salary/Foo-Kon-Tan-Grant-Thornton-Salaries-E523386.htm

 

[AhMeng]

quite typical arrangements isn't it?
that's life folks...

 

[winnipegjets]

Reviews of FKTGT LLP by ex-employees

“Great colleagues but not so good bosses”

Audit Senior (Former Employee)
Bugis (Singapore)
I worked at Foo Kon Tan Grant Thornton full-time for more than 3 years
Pros – Great colleagues to work with
Cons – No clear direction from higher management
Advice to Senior Management – Should really go down to the ground to understand the needs of the staff.
No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

1 person found this helpful
“Join this firm if you like to fly on overseas assignment.”

Audit Assistant (Current Employee)
Singapore (Singapore)
I have been working at Foo Kon Tan Grant Thornton full-time for more than a year
Pros – Work- life balance better than Big 4. But you have to be submit your work within the time frame.
Friendships made with colleagues are good
Overseas exposure especially China as this is the direction of the firm's expansion.
Exposure to variety of clientele, assurance groups are not specialized.
Cons – 2 year employment bonding.
Unfair workload, some staff have lesser work load than others even if they are the same grade.
Promotion not based on merit but 'relationships'
No per Diem for overseas assignment.
Advice to Senior Management – Fairer workload and remuneration. This firm is losing a lot of good staff to other firms.

1 person found this helpful
“Great place to start your career”

Semi Senior (Current Employee)
Singapore (Singapore)
I have been working at Foo Kon Tan Grant Thornton full-time for more than a year
Pros – It really depends on the manager and partner you work with, there are chances that minimal OT is required during peak period to achieve work life balance.
Cons – The office building is old and looks like a temple.

There is no proper pantry.

Prepare to work like mad when there is no senior allocated to the job.

1 person found this helpful
“Inequitable work distribution”

Audit Assistant (Current Employee)
Singapore (Singapore)
I have been working at Foo Kon Tan Grant Thornton full-time for more than a year
Pros – You can learn a lot doing audit work about inner workings of companies. Location of office is not inconvenient.
Cons – Some audit staff go home average at 6.30 even in peak period, some go home average at 11+pm in peak period. No overtime pay, even for those whose overtime approximates 40% of our total working hours. Office building is old and looks bad. No pantry. In audit, your fate depends on which manager and partner you get put under
Advice to Senior Management – Communicate with your staff. Staff your jobs properly. Respect their time too.

1 person found this helpful
“A lot of improvement needed”

Audit Assistant (Former Employee)
I worked at Foo Kon Tan Grant Thornton full-time for more than a year
Pros – Great colleagues, central office location, opportunities to travel (China), regular promotion, opportunities to rotate roles within the firm (assurance, corporate finance, etc)
Cons – 2 year bond for audit assistants, very little to no year end bonus, long hours, very old office building, no staff lounge/pantry, staff under different partners are seen in a different light (staff under equity partners tend to get treated better).
Advice to Senior Management – value all staff equally (preference shown to local graduates), change culture from within and not just hope to change it by hiring experienced staff.

 

[winnipegjets]

If enough bad publicity is generated for this audit firm ...Grant Thornton may just decide that they want out of this partnership with Foo Kon Ton

 

[winnipegjets]

The partners

Partners

Kon Yin Tong
Managing Partner
D +65 6304 2301
E [email protected]
Robin Chin
International Business Centre Director
D +65 6304 2304
E [email protected]
Yeo Boon Chye
D +65 6304 2314
E [email protected]
Ong Soo Ann
D +65 6304 2376
E [email protected]
Tei Tong Huat
D +65 6304 2360
E [email protected]
Toh Kim Teck
D +65 6304 2330
E [email protected]
Victor Chang
D +65 6304 2303
E victor [email protected]
Ng Meow Ling
D +65 6304 2365
E [email protected]
Shirley Ang
D +65 6304 2386
E [email protected]

 

[winnipegjets]

Which of the partner was responsible for the WP TC audit and how is he associated with the PAP?

 

[winnipegjets]

Mr Kon Yin Tong
Managing Partner, Foo Kon Tan Grant Thornton LLP
Kon Yin Tong is Managing Partner of Foo Kon Tan Grant Thornton LLP and leads a dedicated team of specialists providing a distinctive high quality service to discerning clients.

He has more than 25 years of experience in the profession and holds a 1st class honours degree in Economics from the London School of Economics. He has expertise in litigation support and dispute resolutions, which includes acting as expert witness, and as assessor to the High Court.

Active in the accounting community, Yin Tong is a former board member of Accounting and Corporate Regulatory Authority (ACRA) and the Public Accountants Oversight Committee (PAOC). He is currently a member of the Singapore Accountancy Commission, a board member and audit committee chair of the Singapore Totalisator Board, and an audit committee member of the Singapore Academy of Law. For his contributions to the accounting profession he was awarded the Institute of Singapore Chartered Accountants' Gold Medal in 2011; adding to an earlier Friend of the Law Society award.

Why no mention of his accounting qualifications?

He was involved in these lawsuits
http://www.singaporelaw.sg/sglaw/la...udin-v-kon-yin-tong-amp-another-2013-sghc-128
http://www.singaporelaw.sg/sglaw/la...her-v-leow-boon-cher-and-others-2011-sghc-228

 

[tanwahtiu]

one credit card company says "members has its privileges".

In Singapore, to do business with PAP, the One Party nation, their slogan would be "Join PA, their members have its privileges".

PAP and PA is one big orgy party.

Which of the partner was responsible for the WP TC audit and how is he associated with the PAP?

 

[winnipegjets]

Ok, we know Tharman is buddy with Kon.

Date: 31 May 2012

1. The Deputy Prime Minister and Minister for Finance, Mr Tharman Shanmugaratnam has re-appointed the following two board members to the Singapore Totalisator Board (“Tote Board”) with effect from 1 June 2012:

Mr Kon Yin Tong
Partner
Foo Kon Tan Grant Thornton LLP

 

[winnipegjets]

http://www.sac.gov.sg/content/sac/e...-structure/singapore-qp-advisory-council.html

Ernest spoke on the audit report done by Grant Thornton. He is being supportive of Kon.

 

[wendychan]

If enough bad publicity is generated for this audit firm ...Grant Thornton may just decide that they want out of this partnership with Foo Kon Ton

on the other hand, they may just FOOking love it...

do wwork aht for govt you know? very good lah