09 Apr 2014
Individual Excellence Awards: Standing Out Against the Crowd
In the final of the two-part Singapore Accountancy Awards Judges Interview Series, ISCA is pleased to feature Mr Kenneth Yap, Chief Executive of the Accounting and Corporate Regulatory Authority as he shares his views on what are some important qualities that winners of the Individual Excellence Awards should possess.
You are one of the judges for the Singapore Accountancy Awards’ Individual Excellence Awards, do share with us:
1. Why do you think recognising individual accountants is important for the Singapore accounting profession?
The Singapore accounting profession provides services of great value and benefit to business and to the wider public. At its core, the accountancy profession plays a pivotal role in providing sound corporate governance systems that lend trust and confidence to our financial systems.
Recognising the luminaries in the industry acknowledges the contributions they have made in upholding Singapore’s reputation as a trusted business and financial hub. The awards will also serve to inspire the next generation of accountants to hold themselves to the highest standards of ethical conduct, integrity and professional technical competence.
2. Kindly describe the top 3 qualities an "Accountant of the Year" should have.
- · Integrity and independence - to constructively challenge business decisions that could potentially destroy value or result in loss of assets.
- · Technical excellence - to ensure sound accounting and financial reporting practices that accurately reflects the value of the business.
- · Communication skills - to act as a trusted advisor to business leaders and communicate the value of the business to all stakeholders.
3. Share with us what are the top 3 characteristics a "Young Accountant of the Year" should possess.
- · Perseverance - increasingly complex businesses and accounting requirements have made the profession’s work even more challenging and arduous. Those who persevere will be rewarded with an enriching experience that will stand them in good stead for bigger roles and responsibilities.
- · Progressive – in this age where change is the only constant, it is vital to stay progressive and ahead of the curve whether in the area of changing accounting standards, technological advances or business practices.
- · Collaborative – the ability to collaborate and build effective working partnerships is essential to the success of the accounting function and for an accountant’s career development.
4. What is one piece of advice you would give aspiring accountants who wish to build a career in a dynamic industry like accountancy?
Adopt an open mindset and be ready to move into different roles or industries. Irrespective of the position you assume, you should hold steadfast to your professional calling to be, first and foremost, a trusted financial advisor.
5. Why should accountants participate in or nominate their peers for the Singapore Accountancy Awards?
There is much for the accountancy profession to be proud of in Singapore. We continue to raise standards across the board for the profession. The Singapore Qualification Programme (QP) will further strengthen the skills and capabilities of aspiring professional accountants. We continue to make strides in our goal to make Singapore a centre for the highest standards of professional competence, expertise and ethics amongst accountancy professionals. The Singapore Accountancy Awards are a great opportunity to celebrate excellence in the industry and recognise the best among both firms and individuals in the accountancy profession.
If you know of any deserving individuals who exemplify the spirit of the awards or if you think you possess the chops to win in the Individual Excellence Awards, do submit your nominations today at www.sgaccountancyawards.com.
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