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In recent years, the accountancy profession has witnessed a fast changing environment significantly affecting itself,
such as the eroding public perception and confidence level of the profession, the opening of the liability floodgate against auditors,
the need to establish good corporate governance practices in businesses, the demand for value-added and enhanced roles that public practices should play,
the proposed waiving of statutory audit of companies and the increasing competition that goes global.
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In sustaining one's competitiveness in today's challenging business environment, its ability to attain the highest level of efficiency and effectiveness,
without compromising on the quality, is of utmost importance. Being part of the accountancy profession ourselves,
we would like to see that all forms of transformation being undertaken by the profession would be successful in not only sustaining its viability but also bringing it to greater heights.
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| This - we believe |
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