Our Key Stakeholders

Though the waters are not always calm nor the weather always fair, our stakeholders know that our efforts are centred on achieving our vision. Central to our Strategic Plan is the clear objective to create value for three important stakeholder groups – our members, our industry partners and the government. We do this in various ways, including:

• Addressing issues that shape and define the accountancy profession;
  
  
• Championing the interests of our members and the accountancy community;
  
  
• Strengthening the synergies between Singapore’s accountancy community and the rest of the world.

Members

We are committed to improving the standing of the accountancy profession at home and abroad, and levelling up standards to gain recognition in the international sphere. We advocate the interests of our members, and support them in various ways throughout their professional journey.

With storm clouds hovering over the global economic landscape, and Singapore facing its own headwinds of economic restructuring, we will continue to focus on delivering quality products and services designed to help our members gain a competitive edge.

By equipping our members with future-ready skills and competencies, they can effectively support the businesses they serve, and ultimately become the preferred choice for employers and companies in Singapore and further afield.

We support over 29,000 members who come from both the PAIB and PAIP segments of the profession. Leveraging our technical knowledge, skills and expertise, we strive to outfit our members professionally by providing them with access to technical resources and industry updates, and safeguarding their professional interests.

We are pleased that the CA (Singapore) designation continues to gain traction as a mark of excellence across all aspects of business, placing our members a head above the rest. Our admission into Chartered Accountants Worldwide as an Associate also affirms the commitment of our members to the highest professional and ethical standards, adding to their standing as credible, top-notch finance and accounting professionals. The upcoming ISCA AAT Diploma, offered in partnership with the world-leading Association of Accounting Technicians, will further enrich the accountancy ecosystem and raise its overall proficiency.

We are also keen to promote the accountancy profession as a career of choice, especially among the next generation.

Many qualified accountants today work in non-conventional areas like risk management, forensic accounting, valuation, compliance and internal audit, among others. We will seek collaborations with appropriate partners to support these new emerging needs.

Industry partners

We work hand-in-hand with industry partners to strengthen the industry. To do this well, we have been enhancing our relationships with key stakeholders in the accounting industry. We also continue to nurture ties with leading global and regional agencies like the International Federation of Accountants (IFAC), International Auditing and Assurance Standards Board (IAASB) and AFA; recognised professional bodies, as well as academic institutions.

We aim to establish ourselves as a leading PAO in ASEAN. Among the essential requisites of leading PAOs are strong technical expertise and a high quality of research and thought leadership. We will continue to deepen our technical expertise in the core areas of financial reporting, auditing and assurance, and ethics.

Government

Government bodies such as the Ministry of Finance, SAC, Accounting Standards Council, and Accounting and Corporate Regulatory Authority (ACRA) take the lead in the development of Singapore into a global accountancy hub. As such, it is important that we strengthen our working relationships with them in order to develop the accountancy profession.

As our credibility and reputation strengthen over time, it will lend greater credence to our efforts towards becoming a trusted and valued strategic partner.