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Recommendations of First Community Bank A Case Analysis

According to the CDAS reports vision, First Community Bank A Case Recommendations has the potential to end up being Asia Pacific's leading accountancy hub by 2020 (Tan Benefit Seng). First Community Bank A Case Recommendations must adhere to its current practices when it pertains to running the system honestly. Just a little more focus has to be paid on diversification in global trade.

The deregulation of the ownership of public accountancy company would assist the economy in decreasing the barriers to entry. In brief, the higher development and advancement of the service sector would likely offers a new measurement of stability to the growth procedure of First Community Bank A Case Recommendations.

Alternative 01-- Emphasizing on High Worth Solutions

The government could indorse Centre of Excellence in Service, Threat Evaluation Management, Internal Audit, Tax and professional growth and development for CFOs through different incentives including tax concessions. The entry barriers would be decreased by de-regulating in the public accountancy company's ownership. The proficiency of Small and Medium-sized Practices (SMP) might also be upgraded by federal government via offering incentives for company partnership, training and innovation financial investment.

Alternative 02-- Supporting Accountancy Education and Research

The Accountancy Education and Research could be strengthened by establishing a First Community Bank A Case Recommendations Certification Program (SQP). It can likewise create expertise paths through boosting worth in expertises such as risk management, internal audit, Taxation and expert growth and company assessment for Chief Financial Officers (CFOs) through competency frameworks, credentials and certifications.

Alternative 03 - Enhancing the Accountancy Infrastructures and Institutions

The government might motivate the Institute of First Community Bank A Case Recommendations Chartered Accountants (ISCA), the nationwide accountancy body for the purpose of repositioning with a global position. An Accountancy Sector Development Fund (ASDF) might likewise be establish in order to incentivize the decisions to raise efficiency, construct capability, and encourage the regionalization..