@Newleaf2014 ...
bro here's the 2nd entry:
of recruitment activity for both graduates and qualified accountants is via direct means rather than
through advertisements. For example, the ‘Big 4’ and mid‐tier accounting firms work closely with
our member business schools (mainly on‐campus) to recruit directly into their graduate trainee
programs. These same organisations also partner with the professional accounting bodies to recruit
qualified accountants through their member networks. Therefore, the use of recruitment
advertisements would underestimate the actual labour market demand for accountants.
It is therefore very important to gauge labour market demand based on recommendations from the
relevant professional accounting bodies and their industry partners. ABDC strongly supports the
points made on this matter within the joint submission to the 2014 SOL made by the professional
bodies — CPA Australia and the Institute of Chartered Accountants Australia (ICAA). In particular,
we would like to make the following recommendations with respect to the 2014 Skilled Occupation
List and ongoing review process:
Recommendations from the Australian Business Deans Council (ABDC)
ABDC urges the Australian Workforce Productivity Agency and the Department of Immigration and
Border Protection (DIBP) to ensure any future independent skilled migration occupation list, review
system or policies consider the following recommendations:
- Retain accounting and finance occupations on the 2014 Skilled Occupation List (SOL) including
221111 Accountants (general), 22112 Management Accountant, 221113 Taxation Accountant,
221212 Corporate Treasurer, 221213 External Auditor, and 132211 Finance Manager.
- Move to a minimum three‐year cycle of reviews of skilled occupations. This longer term
review cycle would provide greater certainty for labour market planning, potential and existing
international students and to university planning.
- Transition to a more flexible system, such as the one adopted by SkillSelect to support better
quality skilled migration. Applying a flexible threshold would allow for a more strategic
response to changes in the labour market for accountants, and would enable a more nuanced
management of quality immigration. The reactionary annual ‘on or off’ decision making process
could be replaced by a longer term planning vision.
The continual uncertainty of an annual SOL review system and retaining accountants on the SOL has
significant unintended consequences across many sectors, as outlined in the following sections.
The impact on the accounting profession
According to CPA Australia and ICAA, there is an under supply of accountants, and the labour market
conditions are getting tighter with accountants projected to rank amongst the most highly sought
after occupations in the short, medium and longer term.4
Economic conditions and significant
regulatory changes are contributing to the growing demand for accountants, especially in areas such
as taxation, audit, compliance and risk management, business analysis and processes, cost
management, environmental accounting, asset valuation and investment advisory roles.
Skilled migrants and international student graduates play a vital role in ensuring there is an
adequate talent pool to meet this increasing demand. Domestic student enrolments in accounting