You have 5 years from the date of your candidature confirmation to complete all the modules. Depending on the number of exemptions available, very able students could complete the whole programme in one to one-and-a-half year.
The ISCA PE is an 8-module self-study programme, which consists of 3 papers with computer-based testing (CBT) and 6 papers with written examinations.
No, you don’t. However, candidates are encouraged to enrol in preparatory courses for more effective revision and preparation for the examinations.
The ISCA PE preparatory courses are provided by our appointed tuition provider, SAA Global Education Centre (SAA GE), and conducted by academics and practitioners with extensive knowledge and experience. The courses aim to provide intensive revision on essential topics to help improve the passing rates.
The preparation time varies depending on the prior knowledge and experience of different ISCA PE candidates. Ideally, ISCA PE candidates should be able to prepare sufficiently for each module examination 3 months before the examination. Generally, ISCA PE candidates are advised to set aside about 120 hours of preparation time before the examination for each module.
There is no limit to the number of papers that an ISCA PE candidate can enrol for each session. However, it is advisable that ISCA PE candidate should ideally take 1-2 papers, and not more than 3 papers for each session.
Will ISCA PE costs qualify as training expenditure for enhanced tax deduction under Productivity and Innovation Credit (“PIC”)?
If an employer reimburses his/her staff for ISCA PE costs, then he/she should be able to claim the examination fees/tuition fees for costs incurred on external training course which was explained in Q30 of IRAS FAQs:
“For external training courses, training fees paid to the external training provider qualify for the enhanced deduction under PIC. This includes registration or enrollment fees, examination fees, tuition fees and aptitude test fees. Rental expenses for external training premises, meal and refreshments provided during the courses, training materials and stationery separately incurred would also qualify for enhanced deduction under PIC.”
Employers can enjoy deduction/allowances at 400% of the qualifying expenditure subject to the expenditure cap per year.
ISCA PE is a professional accountancy programme to enable non-accounting degree holders and overseas accounting degree holders whose qualifications do not meet the direct entry requirements of ISCA membership to achieve a professional accountancy qualification and to become Associate (ISCA).
The Singapore CA Qualification is a Singapore post-university professional accountancy programme as recommended by the Committee to Develop the Accountancy Sector (CDAS) in its final report submitted to the Minister for Finance in April 2010. It is expected to be designed as a post-university qualification to further the professional development needs of university graduates, through an appropriate mix of technical and theoretical learning with on-the-job training. For more information, please refer to the Singapore CA Qualification website: http://www.singaporecaqualification.com/.
The transitional arrangements for stakeholders (including current ISCA PE candidates) affected by the introduction of the Singapore CA Qualification are currently implemented. ISCA PE candidates will not be required to complete the Singapore CA Qualification if they could qualify for the CA (Singapore) professional designation within the transitional arrangements timeline applicable to themselves.
For ISCA PE candidates who could not qualify for the CA (Singapore) professional designation within the transitional arrangements timeline, they could move on to the Singapore CA Qualification to continue their learning journey. Singapore Accountancy Commission (SAC) has approved the recognition of completed ISCA PE modules under the Singapore CA Qualification (Foundation). Please refer to Announcement for more details.
What is the transitional arrangement for ISCA PE candidates due to the launch of Singapore CA Qualification?
All ISCA PE candidates will have until 31st December 2018 to complete their ISCA PE and the ISCA Pre-Admission Course (PAC), as well as to satisfy the relevant work experience in order to qualify for the “Chartered Accountant of Singapore” professional designation.
For the application to ISCA membership, 3 years of post qualification or 5 years of pre-post qualification relevant working experience would need to be fulfilled.
Candidates without working experience while attempting ISCA PE
For the application to ISCA membership, 3 years of post qualification relevant working experience would need to be fulfilled. ISCA PE candidates will be required to complete the PE examinations by 31st December 2015 and complete the ISCA PAC and relevant work experience by 31st December 2018 in order to qualify for the “Chartered Accountant of Singapore” professional designation.
Candidates with working experience while attempting ISCA PE
For the application to ISCA membership, 5 years of pre-post qualification relevant working experience would need to be fulfilled such that 1 year of working experience has to be post qualification. ISCA PE candidates will be required to complete the ISCA PE examinations by 31st December 2017 and complete the ISCA PAC and satisfy the relevant work experience by 31st December 2018 in order to qualify for the “Chartered Accountant of Singapore” professional designation.
Please note that a typical ISCA membership application process will take at least 6 to 8 weeks upon submission of all necessary supporting documents and payment. Please refer here for more information.
In view of the transitional arrangement announced by Singapore Accountancy Commission (SAC) on 1 April 2013, ISCA PE will cease receiving new candidate applications with effect from 1st April 2013. All applications submitted electronically on or after 1st April 2013 will be automatically rejected. ISCA PE is currently only open to the following groups of candidates who would like to register for ISCA PE to attempt only the Tax and/or Law modules for the purpose of meeting the local tax and/or law exam requirements:
- Associate (ISCA)
- CIMA members
- Potential Singapore Institute of Accredited Tax Professionals (SIATP) members
For candidates who would like to register for ISCA PE to attempt only the Tax and/or Law modules for the purpose of meeting the local tax and/or law exam requirements, please contact us at firstname.lastname@example.org for the application procedures. After we have verified your supporting documents, an application link will be sent to your email address to complete the application.
Yes, relevant working experience of at least 5 years would be considered.
Only diplomas awarded by the 5 local polytechnics would be considered and a minimum grade of C is required for those modules that are assessed for exemption.
Diplomas which are affiliated to the bachelor degrees would be considered on a case-by-case basis.
Applicants may be exempted from a maximum of 3 modules based on their prior course of studies and/or relevant working experience.
No, you do not need to pay for the exemption assessment fee if your accounting degree is accredited by ISCA. Graduates of accredited degrees will be automatically assessed for exemptions at the point of application to be an ISCA PE candidate.
The following University of London programmes are granted exemptions to three ISCA PE modules, subject to the requirement of achieving a pass mark of at least 50% for the UOL subjects relevant to the ISCA PE modules:
1) Bachelor of Accounting and Finance
2) Bachelor of Accounting with Law
3) Bachelor of Banking and Finance
Graduates from the above programmes who meet the exemption requirements and submit application to be ISCA PE candidates on or after 18 December 2012 will be eligible for direct entry to ISCA PE and are NOT required to apply for such exemption(s) or make further payment for exemption application. Applicants are NOT required to submit the Exemption Assessment Application Form and course outlines for exemption assessment.
Graduates from the above programmes who do not meet the exemption requirements will be assessed on a case-by-case basis.
Applicants would be subjected to individual assessment based on their prior course of study and academic transcripts. Exemptions will be given based on vetting of their prior academic studies against core subject’s coverage requirements (on a subject-by-subject basis). Applicants must demonstrate that they have achieved at least 75% of the required competencies, in terms of depth and coverage, before exemption can be granted. Applicants applying for exemptions are required to have achieved pass mark of at least 50% in each subject relevant to the ISCA PE modules.
Applicants from an ISCA PE accredited university and programme will be able to:
- Direct and straightforward entry to ISCA PE without the need to provide detailed syllabuses and detailed programme information;
- Gain up to 3 exemptions upfront without separate assessment;
- Save S$150 on exemption assessment fee.
The assessment of syllabus coverage may take into account relevant competencies achieved through working experience of at least 5 or more years. Applicants are required to provide the description of their jobs, roles and responsibilities for the past 5 years and specific examples to demonstrate that their working experience is adequate to meet the core subject’s coverage requirements. Testimonials from employers are required to support the justification. Applications under these exemption criteria will be considered on a case-by-case basis. Graduates of accredited degrees will be automatically given exemptions when their qualification is vetted.
I am an existing ISCA PE candidate and would like to apply for exemptions under the refreshed PE. What should I do?
All applicants, including ISCA PE candidates, are required to complete the exemption assessment application form under the refreshed PE. An exemption assessment fee of $150 is required to be paid upfront together with the exemption assessment application form.
An individual can only register for the ISCA PE module examination if he or she is an active candidate with no fee in arrears. There are 3 examination terms in 2017 (May, August and November) for 6 ISCA PE papers with written examination. If you wish to register for your examination in a particular term, you should refer to the closing dates for the exam registration.
CBT module examinations are available throughout the year on selected dates. Candidates can view the available dates and test location on their candidate dashboard. Candidates may then proceed to register for the examination, subject to availability of their selected slots.
There is no limit on the number of attempts. Candidates may register to re-take a module examination when it is next available. There is no discount to the module examination fee for retakes.
Learning materials are provided free of charge as part of the module registration fee.
All the ISCA PE modules will be accompanied with learning materials to provide the necessary learning support for our candidates. For selected written modules, a list of recommended textbooks is available for candidates to purchase. Please click here for more information.
I am planning to attempt the November written examination / December CBT examination. Am I eligible for the exemptions and/or transition to Singapore CA Qualification (Foundation)?
Yes, you are eligible for the exemptions as long as you attempt the last PE exam by 31 December 2017 and your PE module results are within 5 years from the point of your application to be a Singapore CA Qualification (Foundation) candidate.
Please note that PE modules completed during the November 2017 written examination session (i.e. results release in January 2018) will also be considered for transition to the Singapore CA Qualification (Foundation) programme.
I am unable to complete ISCA PE by 31 December 2017. How can I move on to Singapore CA Qualification (Foundation)?
To facilitate a smooth transition for PE candidates into the Singapore CA Qualification (Foundation), your PE candidature records and examination results will be provided to the administration team of Singapore CA Qualification if you wish to continue your learning journey under Singapore CA Qualification (Foundation).
The Singapore Accountancy Commission (SAC) has approved the recognition of completed ISCA PE modules under the Singapore CA Qualification (Foundation).
Please see here for the equivalent ISCA PE papers mapped over to the Singapore CA Qualification (Foundation) as approved by SAC.
How can I move on to Singapore CA Qualification (Foundation) in Year 2017 without waiting for transition in Year 2018?
You are strongly encouraged to wait for the arrangement for all applicable active* PE candidates to be transited to Singapore CA Qualification (Foundation) in early 2018. Under this transition arrangement, PE candidates will not be required to submit an application form and pay for the one-time application fee. The annual candidature fee for 2018 will be waived. In addition, module exemptions for completed PE modules will be mapped by ISCA for the individual candidates (i.e. no need for PE candidates to submit separate application to apply for module exemptions). PE candidates are only required to pay a one-time transfer fee of S$160.50 (GST inclusive) in 2018.
If you are still in favour for admission to the Singapore CA Qualification (Foundation) in 2017, you would be required to complete the full application for admission, pay all applicable application fee of S$107 (GST inclusive), exemption assessment fee of S$160.50 (GST inclusive) and module exemption fee of S$535 (GST inclusive) for each exempted module at the point of application as well as annual candidature fee of S$107 (GST inclusive) for year 2018, as compared to the lower one-time transfer fee.
For more information on how to apply the Singapore CA Qualification (Foundation), please refer to the below webpage and follow the instructions under ‘What to prepare for application’:
Please refer to Singapore CA Qualification website and Singapore CA Qualification (Foundation) Candidate Handbook for further information:
* ISCA PE candidates must be active as of date of announcement and throughout the period of transition.
I have missed the deadline to apply for the transfer under the transitional arrangement. Can I apply to Singapore CA Qualification (Foundation) after the deadline?
Yes, you could, but the one-time transfer fee of S$160.50 (GST inclusive) will not apply. PE candidates who missed the transfer deadline will need to submit the full application for admission to Singapore CA Qualification (Foundation), and pay all applicable fees (including the application, exemption assessment and module exemption fees) at the point of application. For more information on the fees, please refer to the below webpage: