Quote:
Originally Posted by darklord700
Of course, younger CAs are the passionate ones here. The reality is that no doubt CA are harder to get but after a certain level, what you learned in CA/CGA/CMA ceased mattering.
Between a CA with no O&G experience and a CGA/CMA with O&G experience, the one with O&G expereience will get hired first for an O&G job.
And the higher you move up, the less knowledge matters. How many CFOs know the difference between all these IAS rules?
Some companies like Nexen, Telus and some banks I think are starting to become CA training offices where the fresh grads are working 37.5 hours a week, make 30% more than in the big 4 plus bonus and stock option. What are the CAs going to do about these CAs coming out of these cushy jobs?
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The bolded statement above is exactly why I don't want these other designations merging; any CFO at a "real" company had better know each and every applicable IAS/IFRS that impacts their company or they're gonna get themselves in a heap of problems.
Sure, I don't know the exact ins and outs of each and every line of each IFRS standard, but I sure as heck know all those that might relate to the company's I'm involved in; as well as those that
could impact them. CMAs/CGAs just don't get the exposure (forced (CASB/UFE) and real world) to the technical aspects enough.
I'm not 100% on exactly how the industry CA training offices work (Telus, etc) but I believe there are some pretty decent restrictions and issues that come along with it. They're not really getting the same exposure to various issues/clients like Big4 firms, but if CICA deems them to be getting enough training, then that's fine by me, they still have to get through CASB and the UFE like the rest of us (out West).