The ISCA Council oversees and directs all strategies to establish ISCA as a globally recognised accountancy body, advance our members’ interests, as well as manage our risks and establish high standards of governance practice. The Council usually meets seven times a year to review our operations, as well as the effectiveness of our strategies and policies.
Reflecting our diverse membership base, the Council is made up of leaders from the corporate sector, public accounting profession and academia. These highly regarded members, with their wide range of experiences and professional networks, provide valuable counsel during Council meetings and serve on diverse committees, offering their expert opinions.
The Executive Committee, otherwise known as EXCO, is made up of the office bearers—president, vice president, treasurer—and two other Council members appointed by the Council. The key role of the EXCO is to serve as the executive arm of the Council to oversee ISCA’s initiatives, and operational and financial matters.
This Committee is made up of three members from the ISCA Council who are non-office bearers. Its role is to ensure financial statement integrity through an adequate system of internal controls and due financial reporting process. The Committee is also tasked to review the appointment of internal and external auditors, appraises their audit plans, and reviews their findings. The Committee also has oversight of ISCA’s risk management policies and practices. In addition, the Audit Committee addresses significant findings that arise from the audit of the financial statements before the Council approves these statements.
The Nominations Committee assists the ISCA Council to source and identify suitable candidates for both internal and external appointments.
It reviews and makes recommendations to the Council on the appointment of members to the various ISCA Committees.
It is our pleasure to present our 2016 Annual Report and Accounts for the year ended 31 December 2016. The following Council members were elected as office bearers during the first Council meeting held in April 2016:
President — Gerard Ee Hock Kim Vice President — Kon Yin Tong Treasurer — Vincent Lim Boon Seng
The 2016 Council held 5 ordinary meetings. “Column A” indicates the number of Council meetings members attended, and “Column B” indicates the number of committees he/she sits on.