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Old 03-06-2024, 08:25 AM
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Originally Posted by Decorum View Post
SCAQ - White Collar version of Mao’s Great Leap Forward which brings bigger manpower cost for salary expenses and effectively killed the next generation of accountants

You become overqualified for the job that you do and outpricing yourself for the labour market where cheaper, better and faster is the key

Which also has zero value add to Accountancy sector growth where Gen Z only wants instant gratification with low working hours and ease of obtaining CA qualification

Thus we end up killing the accountancy sector and now backtracking

Audit Sector - race to the bottom for lowest fees, your enemies are your compatriots in commercial who strive to block your fee increases

Commercial - you are cost center and 1 headcount to do 3 person work
Well summarised for the whole accounting sector. For the scaq prt they think making u-turn for current and future undergrad gonna save the "oh, lack of sporean wanna be accountant/auditor". Continue the dream. The scaq shouldnt even be there.
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