| Today 10:34 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
This is actually good. Audit or accountancy should go by 2030. Too many bs job adding no value. They shld just blockchain the process. Dont even need accountant.
Plus AI can get more data for decision making.. why still need CA to do non value added thing
Accountancy shld be scrap. Dun need accountant to make decision.. any well educated executive can do so. At best accountancy shld be a cca.
Alsp gg forward.. the sustainability reporting and assurance not even value adding. Another bs role or function that needs to go.
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blockchain the process... not possible
in this hypothetical blockchain process, who is going to host the nodes? is it 2 parties (auditor to 1 client) chain or multi party chain (auditor to many clients).
if its previous, how audit maintain all those chains?
if its latter, how audit ensure the single chain can be used by all parties?
and the whole purpose of having someone doing the accounts/audit is so that they can get sued when something goes wrong? until an AI software company is going to take the liability, this is never going to happen.
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| Today 09:39 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
They should just deploy machine learning and generative artificial intelligence to replace.
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Too much bs from accting bodies.. they cant even sustain the workforce for accountancy.. now b4 wan teach ppl sustainability. What a joke.. dunno the investors are dumb?
Singapore market so small.. such reporting is useless..
why the investor need such info when it is common sense what the business is doing are causing harm to the environment. If really love to save the earth just ban company activities lo. Dumb profession?
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| Today 09:19 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
This is actually good. Audit or accountancy should go by 2030. Too many bs job adding no value. They shld just blockchain the process. Dont even need accountant.
Plus AI can get more data for decision making.. why still need CA to do non value added thing
Accountancy shld be scrap. Dun need accountant to make decision.. any well educated executive can do so. At best accountancy shld be a cca.
Alsp gg forward.. the sustainability reporting and assurance not even value adding. Another bs role or function that needs to go.
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They should just deploy machine learning and generative artificial intelligence to replace.
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| Today 09:02 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Yes
Basically the Gen Z destroy the industry themselves
I guess ISCA and ACRA are begging the Big4 not to do that
Also in future there may be no internship opportunities
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This is actually good. Audit or accountancy should go by 2030. Too many bs job adding no value. They shld just blockchain the process. Dont even need accountant.
Plus AI can get more data for decision making.. why still need CA to do non value added thing
Accountancy shld be scrap. Dun need accountant to make decision.. any well educated executive can do so. At best accountancy shld be a cca.
Alsp gg forward.. the sustainability reporting and assurance not even value adding. Another bs role or function that needs to go.
|
| Today 08:17 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Yes
Basically the Gen Z destroy the industry themselves
I guess ISCA and ACRA are begging the Big4 not to do that
Also in future there may be no internship opportunities
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4500 x 1.17. 5265. Good match for new ep. Thanks.
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| Today 07:43 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Nobody cares about gen z boycotting audit lol
EY is currently doing a project where they are planning to hire lower qualified ppl to create a shared service to do lower level audit work like confirmations, vouching, recomputations,etc. basically all the work currently done by A1. Cause they know there is lesser and lesser supply of A1
They are targeting to hire ppl with lower qualifications so that they can be paid lower instead of paying A1 to do simple job.
This project called Cadet, short for Audit delivery team
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Yes
Basically the Gen Z destroy the industry themselves
I guess ISCA and ACRA are begging the Big4 not to do that
Also in future there may be no internship opportunities
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| Today 07:33 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
My bad, am referring to audit
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Deals Advisory A1 4.5k no bonus.
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| Today 07:31 PM |
| Unregistered |
Nobody cares about gen z boycotting audit lol
EY is currently doing a project where they are planning to hire lower qualified ppl to create a shared service to do lower level audit work like confirmations, vouching, recomputations,etc. basically all the work currently done by A1. Cause they know there is lesser and lesser supply of A1
They are targeting to hire ppl with lower qualifications so that they can be paid lower instead of paying A1 to do simple job.
This project called Cadet, short for Audit delivery team
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| Today 07:04 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
3) Exit opps good in recent years??? Have you missed all the seniors who had to resign without a job since last year because they couldn't land a single job that didn't involve paycut??? If you have a lobang for me then I'll happily eat my words.
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how big was the paycut?
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| Today 06:53 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
My interpretation of recent events is that the young generation, by collectively boycotting the accounting industry and a career in accounting, has indirectly “forced the hand” of the boomers to raise salaries.
A single student has no bargaining power; but the collective power of Gen Z has made this happen.
So yea, change up the way things work or risk losing new blood.
Without fresh blood any industry also cannot sustain.
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Did you compare yearly compensation? There's no change or just a decrease.
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