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ISCA and AGD Sign MOU to Advance Professional Development of Public Service Officers in Finance Roles
Singapore, 9 October 2024 – The Institute of Singapore Chartered Accountants (ISCA) and the Accountant-General's Department (AGD) have signed a Memorandum of Understanding (MOU) to develop a talent pipeline of chartered accountants within the public sector and to advance the professional development of nearly 4,000 finance and internal audit officers in the public service.
Under the agreement, the Singapore Chartered Accountant Qualification (SCAQ) programme will be promoted as one of the pathways to students and working adults who are keen to pursue a career in finance in the public sector and in-service public sector finance officers who have not acquired the Chartered Accountants of Singapore title. Upon successful completion, candidates will be eligible to apply for full membership with ISCA and earn the title of Singapore Chartered Accountant.
In addition, ISCA will work with AGD to curate and promote training programmes and initiatives for the public sector finance and internal audit community, as well as exchange viewpoints and collaborate on events and conferences. Through this collaboration, public officers can access a broader range of courses to support their development under the public sector Finance and Internal Audit Competency Frameworks, and be equipped with emerging skillsets like sustainability reporting, sustainability assurance and data analytics. For instance, the collaboration will see a first batch of 50 officers across the public sector finance community to be professionally certified in sustainability reporting and sustainability assurance within the next six months, and will continue to grow this talent pool to support the Singapore Green Plan 2030.
The MOU was signed by Mr. Teo Ser Luck, President of ISCA and Mr. Ow Fook Chuen, Accountant-General and Chief of Government Finance of AGD. It was witnessed by Ms. Fann Kor, CEO of ISCA and Ms. Esther Wee, Deputy Accountant-General and Deputy Chief of Government Finance of AGD.
ISCA President Mr. Teo Ser Luck commented: “We are delighted to partner with AGD to develop a talent pipeline of chartered accountants in the public service. As the national accountancy body of Singapore, we are committed to enhance the professional competencies and development of the profession including public service officers, empowering them to contribute to the broader goals of excellence in public finance.”
Mr. Ow Fook Chuen, Accountant-General and Chief of Government Finance, said: “This collaboration significantly enhances the continuing professional training and development opportunities for our public service finance and internal audit officers at all levels. It aligns with AGD’s commitment to fostering professional excellence and strengthening functional leadership in the finance and internal audit domains of the public service. This will empower our finance and internal audit community to better support our agencies in meeting the needs of their stakeholders and delivering better services.”
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Issued by:
Accountant-General's Department and Institute of Singapore Chartered Accountants Singapore
9 October 2024
For more information, please contact:
Seah Yi Qin
Manager, Communications
Tel: 9833 3904
Email: yiqin.seah@isca.org.sg
Siti Nurasyikin Azma
Head, Strategic Communications and Engagement, MOF
Tel: 9735 0604
Email: siti_nurasykin_azman@mof.gov.sg
About the Institute of Singapore Chartered Accountants (ISCA)
The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore with over 36,000 ISCA members making their stride in businesses across industries in Singapore and around the world. ISCA members can be found in over 40 countries and members based out of Singapore are supported through 12 overseas chapters in 10 countries.
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 administers the Singapore Chartered Accountant Qualification programme and 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 the Accountant-General’s Department (AGD)
The Accountant-General’s Department (AGD) is a department under the Ministry of Finance (MOF). We support the Accountant-General in fulfilling his statutory duties under the Constitution, the Financial Procedure Act and other legislative statutes. We partner with MOF in making Singapore a better place through finance and closely cooperate with Government agencies to raise the capabilities of financial management in the Public Sector.
For more information, visit https://www.agd.gov.sg.