Slow hiring at Big 4. Lower attrition rates among auditors so some may scale back hiring.

    Kerry Consulting

    Ms Audrey Chan, associate director at finance recruitment firm Kerry Consulting, said hiring of fresh graduates on campus among accounting firms this year has not been cut back noticeably. Instead, the cost-saving measures tend to be taken at the level of more exprienced staff, she said.

    “There is a general drive to contain costs wherever possible. Some firms are considering taking measures to manage their cost in the form of delay of promotions and salary increments,” said Ms Chan.