At ISCA, we aim to help our members fulfill their career aspirations, lending them the support to deliver a sterling performance on any stage they choose to step onto. To that end, we have developed various pathways that help our members achieve success in various areas of specialisation.
Working with IIA, we provided a one-time opportunity for qualified members of ISCA to be conferred the designation of Certified Internal Auditor® (CIA®) via an accelerated pathway. From 1 September to 31 October 2016, members could choose to sit for this one-paper, CIA Challenge Exam by 16 December 2016 to be certified and designated as a CIA®. Successful candidates were also offered membership into the IIA Singapore.
In 2016, we introduced a new affiliate membership class, which enables non-graduates to be ISCA members, providing them a pathway to enter the profession, as well as professional support and recognition. This is in line with the SkillsFuture national movement to provide Singaporeans with opportunities to develop their fullest potential. We also widened our associate membership criteria to welcome accountancy graduates of recognised foreign universities to become our associate members.
In addition, we now offer the ISCA Accredited Accounting Technician (AAT) qualification, which is jointly developed by ISCA and AAT (UK) to allow accounting technicians to acquire skill sets relevant to their scope of work. This flexible, skills-based course will be officially launched in 2017.
As the administrator of the Singapore CA Qualification (formerly known as Singapore QP) we play a key role in providing a pathway for the training, qualification and recognition of those aspiring to become Chartered Accountants of Singapore. In 2016, we welcomed the inaugural batch of 36 graduates from the programme.
In May 2015, we signed a Partnership Agreement with the Association of Certified Chartered Accountants (ACCA) to strengthen the talent pipeline for the accountancy sector in Singapore. Under this Partnership, ACCA and ISCA are collaborating on the Fundamentals Level of the ACCA Qualification. ISCA is also contributing our local expertise to the tax and business law papers of the ACCA Fundamentals Level exam.
As part of the collaboration, students can take part in a regional internship programme developed by ACCA. In addition, working closely with industry partners, ACCA and ISCA will be jointly offering career guidance to all students and mid-career professionals, as well as holding career fairs and talks that are open to the public.
As part of our collaboration with the Chartered Institute of Management Accountants (CIMA), the ISCA-CIMA pathway scheme continues to be a fast track for ISCA members to become CIMA members and be conferred the Chartered Global Management Accountant (CGMA) designation. The globally recognised CGMA designation is a prestigious title jointly awarded by CIMA and the American Institute of Certified Public Accountants (AICPA).
To broaden and deepen the accountancy talent pipeline, we have stepped up efforts to engage accountancy students at the Institute of Technical Education (ITE), polytechnics and universities. We also conducted talks with students from 16 universities and promoted our membership pathways in university periodicals, and continued to offer sponsorship programmes to local universities. In 2016, we reached out to over 400 working professionals and graduates who hold professional accountancy qualifications through info-sessions and roadshows at career fairs.