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ISCA collaborated with local and global institutions to undertake research on business and accounting issues that impact the accountancy landscape.
ISCA is committed to playing a key role in shaping and influencing the corporate reporting landscape.
Singapore is the first country in the region to establish an Integrated Reporting (<IR>) Steering Committee. The <IR> Steering Committee was set up by ISCA with the first meeting held in April 2014. The Committee brings together government agencies, industry leaders, investors and the academics to provide insight, learning, and research to promote <IR> adoption.
The Steering Committee has established five work groups. One of these work groups is Asia’s first <IR> Business Network, which has more than 10 of Singapore’s leading companies participating in peer-to-peer-learning and knowledge sharing on how to best approach <IR>. Singapore shared its experience of establishing an <IR> Steering Committee at the ASEAN Federation of Accountants conference in June 2014.
The <IR> Steering Committee members and ISCA senior management and staff, met up with Mr Paul Druckman, CEO of the International Integrated Reporting Countil (IIRC)
The commitment to <IR> yielded Asia’s first <IR> roundtable in 2013 and <IR> Forum in 2014 organised by ISCA in Singapore, which were attended by representatives from other accountancy bodies in the region.
Building upon ISCA’s initiatives to champion integrated reporting (<IR>), ISCA and NUS conducted an Integrated Reporting Survey in 2014 to understand the level of awareness of <IR> and how it is perceived among users of financial statements as an emerging form of corporate reporting in Singapore.
Going forward, the Steering Committee, work groups and members will continue to further raise awareness of <IR> as the future of better corporate reporting.