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Accounting Firms Have Higher Manpower Need This Year

2010/07/30 | By Philip Liu

Taipei, July 30, 2010 (CENS)--Four major accounting firms in Taiwan will need to recruit 1,600 persons this year, 10% higher than 2009, thanks to higher turnover during the economic upturn and the extra demand for manpower related to the implementation of the new accounting criteria IFRS (International Financial Reporting Standards) in 2013 and share listings of Taiwanese-invested firms in Taiwan.

Deloitte Taiwan, the largest accounting firm in Taiwan, reported that annual turnover at accounting firms have returned to the past levels of 15-25% this year, 2-3 percentage points higher than the level in 2009, when most domestic enterprises suspended personnel recruitment, decreasing raid on the talents of accounting firms. Usually, turnover at accounting firms peaks in June or July, after the completion of auditing of financial statements in April and the filing of tax returns in May.

Deloitte estimates that the company's manpower demand will reach 600 this year.

Pricewaterhouse Coopers Taiwan estimates that it will recruit 400-450 persons, mostly new college graduates, this year, higher than last year's 350, as higher number of its staffers have switched to the industrial sector amid the economic upturn. The higher recruitment also results from preparation for works associated with increasing numbers of Taiwanese-invested enterprises in China listing their shares on the local bourse.

KPMG Taiwan will recruit 400 persons this year, compared with last year's 300, mainly due to the need of cultivating talents for providing accounting services associated with the global deployment of Taiwanese enterprises, such merger and acquisition (M&A) and price transfer.

Earnst & Young's manpower need this year is estimated at 400, higher than 2009's 300.