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Singapore CA Qualification

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Foundation Programme

Find out more about the SCAQ Foundation Programme requirements, eligibility, modules, fees and more.

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Professional Programme

Find out more about the SCAQ Professional Programme requirements, eligibility, modules, fees and more.

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Accredited Training Organisations

Find out how to become an Accredited Training Organisation under the SCAQ.

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Resource Library

Access our latest IS Chartered Accountant Journal and Business Insights

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Chartered Accountants Lab

Be in tune with timely updates and in-depth analysis of accounting and business issues.

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Guide to Digital Journal

Access and navigate the ISCA digital journal through an illustrative a step-by-step guide.

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Standards & Guidance

Welcome to ISCA’s centralised Knowledge Centre! Here you will find the latest news on developments in the technical front. You will also discover relevant and useful resources aimed at empowering our members with knowledge in core and other disciplines.

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Ethics Pronouncements

ISCA issued EP 200 (Revised on 1 June 2023) Anti-Money Laundering and Countering the Financing of Terrorism – Requirements and Guidelines for Professional Accountants in Singapore to adopt the anti-money laundering and countering the financing of terrorism (AML/CFT) requirements which are included in the Accountants (Prevention of Money Laundering and Financing of Terrorism) Rules 2023. These requirements are applicable to professional accountants in public practice and professional firms preparing for or carrying out transactions which are considered high risk.

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Financial Reporting Bulletins

ISCA Issues FRB 3 (Revised April 2024) Classification of Liabilities as Current or Non-current (Amendments to SFRS(I) 1-1). FRB 3 (Revised), published on 30 October 2020, guides readers in understanding and applying the amendments to SFRS(I) 1-1 Presentation of Financial Statements issued in 2020 (“2020 amendments”) to certain common scenarios in Singapore such as long-term loans with callable clauses and term loans with rollover facilities. FRB 3 (Revised April 2024) has been issued to incorporate the clarifications (“2022 amendments”) to the 2020 amendments for SFRS(I) 1-1, which together with the 2020 amendments, would be effective for annual reporting periods beginning on or after 1 January 2024 retrospectively. One salient clarification is on the classification of liabilities with the right to defer settlement which are conditional on the compliance with specified conditions (commonly known as covenants). Only covenants which an entity must comply with on or before the end of the reporting period will affect a liability’s classification as current or non-current.

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Audit Bulletins

ISCA Issues Audit Bulletin 4 Non-Consolidation Of Subsidiaries - Considerations For The Auditor’s Report. In ACRA’s Audit Regulatory Report 2023 one area of concern highlighted is where an audited parent entity does not present consolidated financial statements as required by FRS 110 Consolidated Financial Statements. In such situations, the auditor needs to assess if this calls for a modification to the audit opinion. This audit bulletin highlights key considerations for the auditor when assessing the effects of non-consolidation of subsidiaries on the auditor’s report, including illustrative examples on the types of audit opinions that may be issued.

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In the March 2022 IASB podcast, IASB Chair Andreas Barckow and Executive Technical Director Nili Shah, discuss the topics from the March 2022 IASB meeting.

Topics discussed include:

the latest developments on the Third Agenda Consultation and Management Commentary;

an assessment of stakeholder feedback received on the Post-implementation Review of IFRS 9—Classification and Measurement;

reasons for why a further analysis is required for Financial Instruments with Characteristics of Equity;

an update on the Primary Financial Statements;

decisions made on the Business Combination under Common Control project;

the project plan for Extractive Activities;

the IFRS Interpretation Committee’s agenda decision for TLTRO III transactions; and

considerations given to the disclosure requirements and measurement of financial guarantee contracts for the second comprehensive review of the IFRS for SMEs Accounting Standard.