Quote:
Originally Posted by Unregistered
wow. thanks for taking the time to draft and post on this forum. There are only 2 things that the employers can do to retain their employees: 1. bump up the starting pay to 4k (which is happening for IT auditors) 2. hire more associates/ interns to share the senior associate/ manager's workload.
So all of these cost $$$$ and they're unwilling to spend so audit is going downhill, or rather the industry is unable to grow according to their expectation.
Accountancy profession in terms of how to boost the attractiveness of accountant/ auditor? Very hard. Not all accounting fresh grads are going to be accountant/ auditor due to low pay and long work, and also some may not like to deal with numbers/ audit/ assurance process type of work. Furthermore, it's troublesome that there is a need to study for SCAQ to get a professional cert as well. The paper is also so expensive, $1.4k for a paper, I just thinking where does all the excess/ profit go to? Can't be they pay $1k to the marker for each paper they marked right? So with all these reasons, who would want to have a career in accountancy for the long term?
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My schoolmates also mentioned that SCAQ is overrated. Basically, it is a repeat of what we learnt in the University. Quite a number of them did not wish to pursue SCAQ in the future despite staying in the accounting industry. The demand to pursue SCAQ has dropped and therefore they are providing some exemptions now. However, the exemptions are still not attractive because it is like 1 to 2 exemptions only.