I think end of the day

Govt really need to know whether SCAQ meets the needs of businesses in SG.

Most if not all companies will still hire the cheapest accounting staff to do the role or better yet, 2 or 3 accounts executive to do 1 CA SG role

If they need a scholar tier accountant, they will be better off asking for assistance from professional services firm instead as they are in a better position

Even if you are the purported superman accountant as advertised, companies will also seize the opportunity to increase your jobscope and workload to a saikang warrior