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| Income and Jobs Discuss jobs, career options and of course salaries |
Topic Review (Newest First)
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| Today 10:13 AM | ||
| Unregistered | Too hard to retain seniors so they give up. Juz making some effort to retain assocs | |
| Today 09:52 AM | ||
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The suggestion put forth by the Accountancy Review Workforce Committee (AWRC), advocating for regulators to emphasize the employment of professionally qualified accountants in pivotal finance functions within companies, particularly those of high public interest such as listed firms, raises significant questions and prompts a deeper analysis. AWRC's proposition, while seemingly aimed at enhancing financial governance and accountability within listed companies, carries undertones that some may interpret as a veiled attempt to monopolize the accounting profession. By advocating to regulators that companies should hire professional qualified, which in this context referring to ISCA Chartered Accountant (CA) members, or individuals who have completed the Singapore Chartered Accountant Qualification (SCAQ), should be employed by listed companies, Singapore risks creating a closed loop within the profession. The potential implication of such suggestion is twofold. Firstly, it could lead to the exclusion of competent professionals working in commercial accounting or finance departments of listed companies who do not hold professional qualification such as ISCA CA designation or have not pursued the SCAQ. This exclusion may stem from a narrow perspective that only those with specific professional qualifications are capable of handling the complexities of listed company accounts. Secondly, it could result in a scenario where obtaining the ISCA CA qualification becomes a prerequisite for individuals involved in preparing accounts for listed companies, regardless of their expertise or experience in the field. From an ethical standpoint, the question arises: does AWRC's suggestion align with the principles of fairness and inclusivity within the accounting profession? By suggesting that "regulators to emphasize to listed companies on the employment of professionally qualified accountants", it potentially disregards the competence of "non-ISCA CA qualified professionals", Singapore risks perpetuating a system of elitism within the accounting profession. Moreover, the imposition of such suggestion may inadvertently discourage diversity and innovation within the accounting profession by limiting the pool of eligible professionals based on a specific qualification. Furthermore, the notion of "forcing" individuals to undertake the SCAQ or obtain the ISCA CA qualification raises concerns about autonomy and freedom of choice within the accounting profession. Professionals working in commercial accounting roles may perceive AWRC's proposition as an attempt to impose conformity and stifle individual career trajectories. While AWRC's suggestion may stem from a genuine intention to enhance financial governance within listed companies, its potential implications warrant careful consideration. The profession should strive for inclusivity, fairness, and diversity while upholding standards of competency and integrity. As such, any suggestion for regulatory intervention should be crafted with these principles in mind, ensuring that it fosters a dynamic and inclusive accounting profession. |
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| Today 09:28 AM | ||
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Audit need people so need to up pay. Advisory has way better exit ops so their staff crunch not as bad, got people want to join. |
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| Today 09:27 AM | ||
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| Today 09:21 AM | ||
| Unregistered | its actually crazy that they increase the audit salary to 4.1 while their advisory is getting 4. | |
| Today 08:46 AM | ||
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| Today 08:44 AM | ||
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They still got hope to hire associates. Cause if not then really die. Since associates do all the work anyway. For seniors give up dyyy. Too shitty. Even if pay 6k also who want to be senior |
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| Today 07:50 AM | ||
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| Today 07:36 AM | ||
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| Today 01:47 AM | ||
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