ICAEW, ISCA and CQICPA Sign Tripartite MoU to Boost the Development of Accountancy and Finance Industries

20 March 2023 – Amid economic globalisation, international cooperation has become an important driving force for industry development. To promote the region’s accountancy and finance industries as well as knowledge exchange and collaboration of the accountancy profession, the Institute of Chartered Accountants in England and Wales (ICAEW), the Institute of Singapore Chartered Accountants (ISCA) and the Chongqing Institute of Certified Public Accountants (CQICPA) signed a tripartite Memorandum of Understanding (MoU) today.

This tripartite MoU aims to facilitate the development of the accountancy and finance industries in Singapore, China and the United Kingdom. The three institutes will deepen professional research and knowledge exchange, and promote the development of the accountancy industry from a global perspective.

At the virtual signing ceremony, representatives of the three parties delivered speeches, reviewing the achievements of their respective associations in the past year, and shared future plans and strategic priorities.

ISCA President Mr Teo Ser Luck said, “We're delighted to deepen our relationships with CQICPA and ICAEW via this MoU. We look forward to exploring more opportunities for joint research, knowledge exchange and development of training programmes. The MoU is also in line with ISCA’s plan to expand our network beyond Singapore. We look forward to working closely with CQICPA and ICAEW to explore new opportunities for members of the three institutes, businesses and the accountancy community.”

In his opening speech, Mr Mark Billington, ICAEW Managing Director International, welcomed each representative and expressed his gratitude to the three associations for their longstanding joint efforts and support. He added that the three parties will strengthen cooperation to jointly promote the development of the profession, instil trust in the accountancy profession, champion sustainability, lead their members to master technology and data and jointly promote the attractiveness of the accountancy profession.

Ms Zhang Qing, Secretary General of CQICPA, said that the signing ceremony today marked a new starting point for cooperation among the three parties, and will bring forth fruitful cooperation. She proposed three major objectives: to strengthen exchanges and cooperation among the three associations to achieve mutual benefit and win-win results; to promote exchanges among members of three institutes; to enhance professional quality as well as to seize strategic opportunities to promote the development of the profession in the three regions.

~ Ends ~

For more information, contact

ISCA
Email: betsy.tan@isca.org.sg

ICAEW
Email: china@icaew.com

About ICAEW
Chartered accountants are talented, ethical and committed professionals. ICAEW represents more than 195,300 members and students around the world. Founded in 1880, ICAEW has a long history of serving the public interest and we continue to work with governments, regulators and business leaders globally. And, as a world-leading improvement regulator, we supervise and monitor around 12,000 firms, holding them, and all ICAEW members and students, to the highest standards of professional competency and conduct.

We promote inclusivity, diversity and fairness and we give talented professionals the skills and values they need to build resilient businesses, economies and societies, while ensuring our planet’s resources are managed sustainably.

ICAEW is the first major professional body to be carbon neutral, demonstrating our commitment to tackle climate change and supporting UN Sustainable Development Goal 13.

ICAEW is a founding member of Chartered Accountants Worldwide (CAW), a global family that connects over 1.8m chartered accountants and students in more than 190 countries. Together, we support, develop and promote the role of chartered accountants as trusted business leaders, difference makers and advisers.

We believe that chartered accountancy can be a force for positive change. By sharing our insight, expertise and understanding we can help to create sustainable economies and a better future for all.

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 33,000 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. Complementing its global mindset with Asian insights, ISCA leverages its regional expertise, knowledge, and networks with diverse stakeholders to contribute towards the advancement of the accountancy profession.

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.