Recommendations of Pricemax Case Study Analysis

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Recommendations of Pricemax Case Analysis

According to the CDAS reports vision, Pricemax Case Recommendations has the potential to become Asia Pacific's leading accountancy center by 2020 (Tan Advantage Seng). Pricemax Case Recommendations needs to stick to its present practices when it concerns running the system truthfully. Just a bit more focus needs to be paid on diversity in international trade.

The deregulation of the ownership of public accountancy company would assist the economy in decreasing the barriers to entry. In brief, the higher growth and development of the service sector would likely gives a brand-new dimension of stability to the growth procedure of Pricemax Case Recommendations.

Alternative 01-- Emphasizing on High Worth Services

The federal government could indorse Centre of Excellence in Business, Risk Evaluation Management, Internal Audit, Taxation and professional growth and development for CFOs by means of different incentives including tax concessions. The entry barriers would be lowered by de-regulating in the general public accountancy company's ownership. The competence of Little and Medium-sized Practices (SMP) might also be upgraded by federal government via supplying incentives for organisation partnership, training and technology investment.

Alternative 02-- Supporting Accountancy Education and Research

The Accountancy Education and Research could be strengthened by establishing a Pricemax Case Recommendations Credentials Program (SQP). It can also create specialization courses by means of enhancing value in specializations such as threat management, internal audit, Taxation and expert development and business assessment for Chief Financial Officers (CFOs) through proficiency frameworks, qualifications and certifications.

Alternative 03 - Reinforcing the Accountancy Infrastructures and Institutions

The federal government could influence the Institute of Pricemax Case Recommendations Chartered Accountants (ISCA), the nationwide accountancy body for the purpose of repositioning with a worldwide position. An Accountancy Sector Advancement Fund (ASDF) might also be develop in order to incentivize the decisions to raise efficiency, construct ability, and motivate the regionalization..