Our activities and initiatives are tailored to serve our members and stakeholders, our biggest fans and supporters. We are committed to working with industry partners to develop the profession and work in close collaboration with government agencies to achieve our common aspirations for the profession. At the same time, we support our members through the different stages of their professional journey, and equip them with the skills they need to gain a competitive edge and be the preferred choice among employers in the new economic landscape.
ISCA supports more than 32,000 members who work as professional accountants in practice or as professional accountants in business by keeping them informed on the latest industry developments and through upskilling initiatives delivered via a range of platforms, including seminars, workshops and CPE programmes. The CA (Singapore) designation is recognised as a mark of excellence for accountancy professionals and places our members a notch above the rest. Our membership in Chartered Accountants Worldwide – the first among professional accountancy bodies in Asia Pacific – opens doors for CA (Singapore) members to enjoy greater international career opportunities around the world.
In recent years, disruptive technologies have impacted the profession and changed the business environment immensely, bringing challenges as well as opportunities for our members. ISCA has been proactive in preparing our members for Industry 4.0 and the new economy. We collaborate with industry partners to provide members with greater professional recognition in specialised fields that are in demand, such as financial forensics and business analytics. We are also developing a specialisation pathway on infrastructure finance, in partnership with EY. In addition, our CPE courses, which include e-learning and classroom lessons, enable accountancy professionals to delve into a wide range of topics, including ethics, business valuation and financial analysis.
Over the years, we have forged close relationships with global and regional partners such as the International Federation of Accountants, International Accounting Standards Board, Chartered Accountants Worldwide, United Nations Conference on Trade and Development, World Bank, Temasek Foundation International and ASEAN Federation of Accountants. We also partner other professional bodies, business organisations and academic institutions on projects that advance the profession.
Such partnerships deepen our engagement with our international partners and the global accountancy community, which goes towards solidifying ISCA’s position as a credible national accountancy body and raises our international standing and prominence.
As the national accountancy body, ISCA is a trusted strategic partner to government agencies and regulators. The Institute works in close collaboration with the Ministry of Finance, the Accounting and Corporate Regulatory Authority (ACRA), the Accounting Standards Council, Enterprise Singapore, the Info- Communications Media Development Authority, Monetary Authority of Singapore, Singapore Exchange, and the Singapore Accountancy Commission to develop the accountancy profession. We hold regular dialogue sessions with these agencies and discuss related issues to advocate the profession’s interests.
ISCA also works with the government by serving as a conduit for feedback on the Budget. Prior to the Budget announcement in 2018, we held a focus group discussion with representatives from the accountancy profession, trade associations and chambers as well as SMEs to gather feedback on their Budget Wishlist. We also organised the ISCA Pre-Budget Roundtable, which brought together leaders of trade associations and accounting firms to discuss ideas and provide recommendations to the Ministry of Finance in its preparation of the Singapore Budget. We then held another focus group discussion after the Budget announcement to gather feedback on the key measures presented in Budget 2018.