Quote:
Originally Posted by Decorum
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
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If all the ISCA CA all gang up and tell the regulator (ACRA) that only ISCA CA then can touch
SGX accounts or Singapore Pte Ltd accounts.
What do you think will happen?
Will ACRA listen to ISCA CA?
If ACRA one day say only ISCA CA then can finalised the management accounts of all Singapore Pte Ltd, those Tom, Dick and Harry accountants will all go out of jobs.
And ISCA CA value will suddenly shoot up.
Ok lah...let's say no need SG Pte Ltd's management accounts
We say only
SGX listed company accounts must be prepared by ISCA CA...
Then how?