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Originally Posted by Unregistered

ISCA has introduced an "Accelerated Pathway" to current batches of undergraduates who are currently studying in local universities.

Under this program sponsored by ISCA, current undergraduate from local universities can start tackling ISCA SCAQ papers early, completing two exam papers under ISCA sponsorship during their university years and then being exempted from two more exam papers upon starting work. This essentially means the current and future undergraduate batches only need to complete one Capstone paper after graduation or upon working.

The introduction of the "Accelerated Pathway" seems to contradict previous stringent rules as outlined in the Singapore Qualification Programme (SQP) introduced in 2013.

Before "Accelerated Pathway" and "Exemption" were introduced, candidates were required to work full-time under an Accredited Training Organisation (ATO) for three years to gain practical experience while SIMULTANEOUSLY studying for the 5-paper Singapore Chartered Accountant Qualification (SCAQ), commonly known as the "CPA exam", with no exemptions granted, regardless of whether they achieved First Class Honors in local universities.

People who have worked long enough within the industry would have observed ISCA's gradual relaxation of these stringent rules, starting with granting one exemption and then offering two exemptions and now introducing the "Accelerated Pathway",

Now, under the "Accelerated Pathway," this adjustment enables undergraduates to attempt two SCAQ papers during their university years. Upon graduation, some local uni grads will get exemptions for two more SCAQ papers, signalling a shift in ISCA's approach.

With so much concession, this show the level of desperation ISCA is currently facing due to the falling number of young people entering the industry.

Is this SCAQ still what we commonly know as a "CPA exam (Combo Work + 5 x CPA Exams)" with 2 exemptions and Accelerated Pathway?

Originally Posted by Unregistered

U are crazy a1 to am basically doing same thing. Just diff section lol. It just some older gen like us like to overrate thing to be high and mighty.

Originally Posted by Unregistered

EDGE:
Graduates joining Deloitte Singapore as auditors will have a starting monthly salary of $4,100 from 1 September 2024. First-year hires joining the firm under its FasTrack programme – Deloitte’s accelerated audit career programme for accountancy graduates – will have a starting salary of $4,500.

The move is in support of the Accountancy Workforce Review Committee set up by the Ministry of Finance on May 10. It also stems from the government’s plans to strengthen the attractiveness of the accountancy sector and grow Singapore’s pool of skilled accounting professionals.

MOM:
For EPs expiring from 1 September 2024, in addition to meeting the EP qualifying salary, they will also need to pass COMPASS to get their pass renewed.


Is the move to increase graduates' salaries in support of the Accountancy Workforce Review Committee initiated by the Ministry of Finance genuine, or is it primarily motivated by compliance with the EP rules set by MOM?

Why does the salary increment effective date fall on 1 September 2024 and align with the MOM EP renewal date 1st September 2024?

I would appreciate insights from HR experts on this matter.

If it's the latter, I would find it very disgusting.

Originally Posted by Unregistered

It’s a demotivating news for the seniors lol. i wonder if anyone is going to put in effort anymore

Originally Posted by Unregistered

It is really complete ********. especially for the current senior population that survived their crap ass 4-5k salary while gaslighting us to tell us they are 'competitive'

Originally Posted by Unregistered

Huat ah senior cover mountain cover sea kan by managers kan by clients kan by incompetent gen z associates only gets $300 more than the incoming peeps. Shake leg pang gang zhun zhun at 6pm go meet friends happy hour can get $4.5k, limpeh going to go to my mentor and ask them to downgrade me to associate rank for next promotion cycle liao

Originally Posted by Unregistered

Wool is always on the sheep

Originally Posted by Unregistered

It's a $300 difference. Hahaha, many of the seniors are tilted.

I guess many will resign. senior takes up too much responsibility for the few hundreds.