Quote:
Originally Posted by Unregistered
Is it possible that more than 50% of the seniors and below level leave the company at one go? With the shortage of manpower and more regulatory requirements, seniors and associates are pretty much stressed out. I wonder if the Ministry of Manpower is aware of the current big 4 situation. SM and M just keep delegating work and seems endless
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Lame why will
MOM care. this is a private sector and industry-specific issue.
I think you're asking whether
MTI and
MAS will care if a Big 4 is in jeopardy. No, I dont think they will intervene even if one of the local Big 4 collapses. One of the next tier firms like BDO or RSM can probably step up to fill the market space with the influx of refugees from the failed firm, just like what happened with Arthur Andersen in the US.
Unlike the US where the Big 4 oligopoly is literally too important systemically, we don't have a lot of super-complex super integrated with the economy corporations to audit here. B4 isn't an irreplaceable top part of the pyramid here that one of the sub-B4 cant replace.