ANNUAL REPORT 2022/2023

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The ISCA Stories

 

Once upon a time, the Singapore Society of Accountants (SSA) was formed. SSA, which was established to register and regulate the conduct of all accountants, was later renamed the Institute of Certified Public Accountants of Singapore (ICPAS). A self-regulatory body, ICPAS was charged with handling professional matters, ethics, standards, and professional development of the accountancy profession.

Through the years, the Institute grew from strength to strength. Today, it is known as the Institute of Singapore Chartered Accountants (ISCA). The name change was unveiled at the Institute’s Golden Jubilee anniversary celebration in 2013. It was brought about with the “Chartered Accountant of Singapore” designation replacing the “CPA Singapore” designation.

A member of Chartered Accountants Worldwide (CAW), ISCA’s vision is to be a world-class accountancy body of trusted professionals, contributing towards an innovative and sustainable economy. The Designated Entity to confer the prestigious Chartered Accountant of Singapore – CA (Singapore) – designation, ISCA continues to advance the accountancy profession and enable more than 33,000 members to make a difference across diverse businesses in Singapore and around the world.

In 2023, ISCA celebrates 60 vibrant years as the national accountancy body of Singapore, proudly serving its growing communities of professionals and businesses.

ISCA is on the cusp of a new era, with goals, aspirations, and fresh ideas to further its cause. In this annual report, we present the ISCA Stories.

60 years
As we celebrate our past and move confidently into the future, we remain firmly rooted in our mission, just like the timeless Aesop’s fables, whose teachings continue to be relevant in an ever-changing world.

The Ant and The Grasshopper

A grasshopper played with its instrument all summer long while the ants worked hard to store food. When winter came around, the grasshopper sought help from the ants because it was not prepared to face the tough weather conditions.

The Crow and The Pitcher

A crow wanted to drink from a pitcher but its beak wasn’t able to reach the water. Using its wits, the crow dropped pebbles into the pitcher until the water level rose high enough for it to quench its thirst.

The Peacock and The Crane

A peacock was strutting before a crowd and mocked the crane whose plumage was less vibrant and striking. The crane pointed out that its feathers allowed it to fly, unlike the peacock whose feathers were more ornamental than practical.