7 May, 2021 – The Institute of Singapore Chartered Accountants (ISCA) has signed a Reciprocal Agreement with Chartered Accountants Australia and New Zealand (CA ANZ) today.
The reciprocal agreement will enhance the global portability and international stature of the Chartered Accountant of Singapore – CA (Singapore) – designation, a professional designation conferred upon the completion of the Singapore Chartered Accountant (CA) Qualification. The Singapore CA Qualification is a professional accountancy qualification. The successful completion of the Singapore CA Qualification will lead to the conferment of the CA (Singapore) designation by ISCA.
The reciprocal agreement was signed by Mr Lee Fook Chiew, Chief Executive Officer of ISCA and Ms Ainslie van Onselen, Chief Executive Officer of CA ANZ, today. Mr Kon Yin Tong, President of ISCA and Dr Nives Botica-Redmayne, President of CA ANZ, witnessed the signing.
Under the agreement, eligible ISCA members can attain CA ANZ’s Chartered Accountant (CA) designation without having to fulfil additional professional or educational requirements. To be eligible, the ISCA member must have attained the CA (Singapore) designation and completed the Singapore CA Qualification programme.
Similarly, Chartered Accountants from CA ANZ can apply for membership with ISCA, and attain the CA (Singapore) designation, a recognised mark of professional excellence for accountancy professionals and a pre-requisite for being a public accountant in Singapore.
(From left) Mr Kon Yin Tong, President of ISCA, Dr Nives Botica-Redmayne, President of CA ANZ, Ms Ainslie van Onselen, Chief Executive Officer of CA ANZ, and Mr Lee Fook Chiew, Chief Executive Officer of ISCA at the reciprocal agreement signing ceremony on 7 May, 2021
To reach the reciprocity agreement, CA ANZ, ISCA and the Singapore Accountancy Commission (SAC) undertook a stringent assessment process in reviewing the qualifying requirements in education, examination, practical experience, professional standards and regulations of both institutions. SAC is a government statutory body spearheading the development of the accountancy sector in Singapore.
This is the fourth reciprocal agreement ISCA has signed with another professional accountancy body. ISCA had previously signed reciprocal agreements with Chartered Accountants Ireland, the Institute of Chartered Accountants in England and Wales (ICAEW), and the Institute of Chartered Accountants Scotland (ICAS).
Mr Kon Yin Tong, President of ISCA, said, “We are pleased to sign the reciprocal agreement with CA ANZ, a leading professional accountancy body. Eligible members can now apply for membership with CA ANZ, in addition to Chartered Accountants Ireland, ICAEW and ICAS. These reciprocal agreements with globally recognised professional accountancy bodies elevate the professional recognition and international standing of Chartered Accountants of Singapore. This will enhance our members’ career mobility in an increasingly globalised business landscape.”
Dr Nives Botica-Redmayne, President of CA ANZ, said, “Business and economies around the world need trusted, skilled financial professionals in ways that it may not have before and it has never been more important to strengthen the profession through alliances such as this one. The value of our alliance is seen through the dedicated resources and support we provide, the relevant knowledge, education and learnings that inform our members like we have for so many years. Together, we have developed strong, high quality programs and training and held regular joint events that are focused on making our members future ready and uniquely equipping them to make a difference to communities and businesses.”
Mr Chaly Mah, Chairman, SAC, said, “The Singapore Accountancy Commission congratulates ISCA and CA ANZ on the signing of the Reciprocal Recognition Agreement between the two organisations. The mutual recognition of the two chartered accountancy qualifications will increase the flow of chartered accountants between our countries, giving them opportunities to widen their experience and deepen their skills. This mutually beneficial collaboration will contribute towards a closer economic cooperation between the two countries and will enhance Singapore’s position as a global accountancy hub.”
Both ISCA and CA ANZ are members of Chartered Accountants Worldwide (CAW), which brings together leading institutes of Chartered Accountants from around the world to support, develop and promote the vital role that Chartered Accountants play throughout the global economy.
For media queries, please contact:
Clarissa Tan, Communications Executive, ISCA
Tel: +65 9634 6912 | Email: email@example.com
Priya Kumar, Media Manager, CA ANZ
Tel: +61 424 491 584 | Email: firstname.lastname@example.org
About the Institute of Singapore Chartered Accountants
The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore. ISCA’s vision is to be a world-class accountancy body of trusted professionals, contributing towards an innovative and sustainable economy. There are over 32,000 ISCA members making their stride in businesses across industries in Singapore and around the world.
Established in 1963, ISCA is an advocate of the interests of the profession. Possessing a Global Mindset, with Asian Insights, ISCA leverages its regional expertise, knowledge, and networks with diverse stakeholders to contribute towards Singapore’s transformation into a global accountancy hub.
ISCA is the Designated Entity to confer the Chartered Accountant of Singapore - CA (Singapore) - designation.
ISCA is a member of Chartered Accountants Worldwide, a global family that brings together the members of leading institutes to create a community of over 1.8 million Chartered Accountants and students in more than 190 countries.
For more information, visit www.isca.org.sg.
About Chartered Accountant Australia and New Zealand
Chartered Accountants Australia and New Zealand (CA ANZ) represents more than 125,000 financial professionals, supporting them to build value and make a difference to the businesses, organisations and communities in which they work and live.
CA ANZ promotes the Chartered Accountant designation and high ethical standards, delivers world-class services and life-long education to members and advocates for the public good. We protect the reputation of the designation by ensuring members continue to comply with a code of ethics, backed by a robust discipline process. We also monitor Chartered Accountants who offer services directly to the public.
We actively engage with governments, regulators and standard-setters on behalf of members and the profession to advocate in the public interest. Our thought leadership promotes prosperity in Australia and New Zealand.
We are a member of the International Federation of Accountants and are connected globally through Chartered Accountants Worldwide and the Global Accounting Alliance. We also have a strategic alliance with the Association of Chartered Certified Accountants.
For more information, visit www.charteredaccountantsanz.com.