Talent, complexity main accounting challenges

[SINGAPORE] Practising accountants here face the uphill task of attracting and retaining talent, even as they grapple with the complexity of ever-evolving financial reporting standards.

These challenges affect both public practitioners (that is, those working in public accounting firms) as well as those working in accounting and finance roles in businesses.

In addition, accountants working in businesses are concerned about the competency of finance staff, while those in small accounting firms highlighted the compliance burden as an issue.