Singapore accountants 'unprepared for the future'

Singapore

ACCOUNTING and finance professionals in Singapore are far from ready for the challenges of the future, and the supporting infrastructure is just as ill-prepared, say the findings of a new study.

The study, commissioned by global professional accounting body CPA Australia in partnership with global professional services firm EY, says Singapore-based finance leaders are not prepared for future job demands that will surface amid the expected disruptions in the economy.

Titled "Future-proof your finance capability", the study polled some 150 accounting and finance professionals across a range of Singapore organisations.

The survey was done between August and September.

It found eight in 10 respondents not equipped with the skills to meet the requirements of their jobs in the next decade; six in 10 said the current curriculum offered by education and professional bodies is inadequate in developing…