Funding Overview

Funding available for ISCA FFA Qualification, ISCA IPFQ and ISCA ISRM

SN

FTS recognised programmes

Programme Code

Valid FromValid To

1

Infrastructure & Project Finance Qualification – Project Risks and Financing

P220119FRT

20 April 202219 April 2024

Please find below a summary of the Course Fee:

 Company-sponsored
Project Risks and Financing
1 July 2022 to 31 December 2022 From 1 January 2023
Singapore Citizens and Permanent Residents Singapore Citizens aged 40 years and above Singapore Citizens and Permanent Residents Singapore Citizens aged 40 years and above
Module Fee (without GST) $2,200 $2,200 $2,200 $2,200
GST $154 $154 $176$176
Course Fee Subsidy ($1,100)1 ($1,980)2 ($500)3 ($500)4
Nett Fees Payable to ISCA (Inclusive of GST) $1,254 $374 $1,876$1,876

1 50% funding support capped at $2,000 per participant per course

2 90% funding support capped at $2,000 per participant per course

3 30% funding support capped at $500 per participant per course

4 70% funding support capped at $500 per participant per course

Eligibility Criteria

  • Company must be either Singapore-based Financial Institutions regulated by MAS (licensed or exempt from licensing by MAS) or FinTech firms certified by Singapore FinTech Association (SFA); and
  • Participant must either be a Singapore Citizen or Singapore Permanent Resident physically based in Singapore; and
  • Participant must complete the course and pass the assessment.

Note:

  • Funding support for the same course will only be granted once per calendar year per participant
  • Participant will not be eligible for the course fee subsidy if he/she drops out halfway through the course or did not pass the assessment. ISCA will take reasonable steps to claw back the disbursed course fee subsidy from the participant or his/her sponsoring company and return the monies recovered to IBF within 3 months from the completion of the course for the cohort.

Please refer to www.ibf.org.sg for more information.

QualificationModules recognised under UTAPExpiry Date
ISCA Financial Forensic Accounting Qualification (FFAQ)Forensic Accounting and Investigation31-May-25
Digital Forensics31-May-25
Financial Crime31-May-25
Professional Requirements31-May-25

ISCA Financial Forensic Accounting Qualification (FFAQ)

Workshop only

Forensic Accounting and Investigation 

(Workshop only)

31-May-25

Digital Forensics 

(Workshop only)

31-May-25

Financial Crime 

(Workshop only)

31-May-25
ISCA Infrastructure & Project Finance Qualification (IPFQ)Project Lifecycle31-May-25
Project Risks and Financing31-May-25
Contracts and Modelling31-May-25

ISCA Infrastructure & Project Finance Qualification (IPFQ)

Workshop Only

IPF001v: Project Lifecycle

(Workshop Only)

31-May-25

IPF002v: Project Risks and Financing

(Workshop only)

31-May-25

IPF003v: Contracts and Modelling

(Workshop Only)

31-May-25
ISCA Information Systems Risk Management (ISRM) CertificateEssentials of Information Systems Risk and Controls (ISRM Part 1)31-May-25
Information Systems Risk Management (ISRM Part 2)31-May-25

Under UTAP, NTUC members enjoy 50% *unfunded course fee support, capped at $250 each year, for courses supported by UTAP. NTUC members aged 40 years old and above can enjoy enhanced UTAP funding support up to $500 per individual each year, capped at 50% of unfunded course fees, for courses attended between 1 July 2020 to 31 December 2025. For more information on the UTAP, please click here

*Unfunded course fee refers to the balance course fee payable after applicable government subsidies. This excludes material fees, registration fees, misc. fees etc.

 

Eligibility Criteria:

 

  • Maintained paid-up NTUC union membership before course commencement, throughout whole course duration and at the point of claim; and
  • Course by training provider must be supported under UTAP, and training must commence within the supported period; and
  • Unfunded course fee must not be sponsored by company or other types of funding; and
  • Member must achieve a minimum of 75% attendance for each application and sat for all prescribed assessment(s); and
  • UTAP application must be submitted within 6 months after course completion.


Click here to download the UTAP Application Guide. To submit for UTAP claims, please visit http://skillsupgrade.ntuc.org.sg/

Should you have queries on UTAP, you can email to  UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213 8008.

SkillsFuture Course Fee Funding (Company-sponsored)

 The following ISCA ISRM certificates are eligible for SkillsFuture Course Fee Funding:

Course Ref. No. Course Name Valid from Valid To
TGS-2022013611 Essentials of Information Systems Risk and Controls (ISRM Part 1) 1 June 2022 31 May 2024
TGS-2022013521 Information Systems Risk Management (ISRM Part 2) 1 July 2022 30 June 2024

You may click here to view SSG’s funding support for enterprises / employers.

Below is a summary of the Course Fee (with effect from 1 Jan 2023):

 

Company-sponsored

Essentials of Information Systems Risk and Controls (ISRM Part 1)
Enhanced Training Support for SME
(Singapore Citizens and Permanent Residents)
Non-SME
(Singapore Citizens and Permanent Residents)
Mid-career
(Singapore Citizens aged 40 and above)
Full Course Fee (without GST) $1,260 $1,260 $1,260
8% GST $100.80 $100.80 $100.80
Course Fee Subsidy ($882) ($630) ($882)
Nett Fees Payable to ISCA (Inclusive of GST) $478.80 $730.80 $478.80
Absentee Payroll Fixed rate at $4.50/hour, capped at $100,000 per company per calendar year

 

 Company-sponsored
 Information Systems Risk Management (ISRM Part 2)
Enhanced Training Support for SME
(Singapore Citizens and Permanent Residents)
Non-SME
(Singapore Citizens and Permanent Residents)
Mid-career
(Singapore Citizens aged 40 and above)
Full Course Fee (without GST) $840 $840 $840
8% GST $67.20 $67.20 $67.20
Course Fee Subsidy ($588) ($420) ($588)
Nett Fees Payable to ISCA (Inclusive of GST) $319.20$487.20 $319.20
Absentee Payroll Fixed rate at $4.50/hour, capped at $100,000 per company per calendar year

 

Eligibility Criteria:

  • Company must be registered or incorporated in Singapore; and
  • Applicant is taking the course for the first time; and
  • Applicant must be employed, and is either a Singapore Citizen or Permanent Resident of Singapore; and
  • Applicant must achieve at least 75% attendance, and pass all assessments; and
  • Applicant must be fully sponsored by the Company for all costs associated with the training; and
  • Payment has to be made via corporate means (e.g. corporate credit card, corporate PayNow).
  • If you wish to enrol participants with SSG Funding, please proceed with the following steps:

  1. Register for your desired course(s) via the ISCA Portal when the registration period is open.
  2. Upon adding the cart, the system will prompt a question “Do you wish to apply for SSG Funding?”, click “Yes” and input all required information.
  3. At the Cart page, please ensure that the SSG funding is applied before clicking “Checkout”. 

Enterprises/employers are not required to log into TPGateway to submit training grant application. The employee’s enrolment, attendance and assessment records will be submitted by ISCA onto TPGateway. Thereafter, employers will be notified to log into Enterprise Portal for Jobs & Skills (EPJS) to declare necessary information for Absentee Payroll funding.

Please note that there will be an administrative fee of $42.80 for any revision of invoice.


SkillsFuture Course Fee Funding (Self-sponsored)

 The following ISCA ISRM certificates are eligible for SkillsFuture Course Fee Funding:

Course Ref. No. Course Name Valid from Valid To
TGS-2022013611 Essentials of Information Systems Risk and Controls (ISRM Part 1) 1 June 2022 31 May 2024
TGS-2022013521 Information Systems Risk Management (ISRM Part 2) 1 July 2022 30 June 2024

 You may click here to view SSG’s funding support for individuals.

 Below is a summary of the Course Fee (with effect from 1 Jan 2023):

Self-sponsored
 Essentials of Information Systems Risk and Controls (ISRM Part 1) Information Systems Risk Management (ISRM Part 2)
 Baseline
(Singapore Citizens and Permanent Residents)
Mid-career
(Singapore Citizens aged 40 and above)
Baseline
(Singapore Citizens and Permanent Residents)
Mid-career
(Singapore Citizens aged 40 and above)
Full Course Fee (without GST) $1,260 $1,260 $840 $840
8% GST $100.80 $100.80 $67.20 $67.20
Course Fee Subsidy ($630) ($882) ($420) ($588)
Nett Fees Payable to ISCA (Inclusive of GST) $730.80 $478.80 $487.20 $319.20

Eligibility Criteria:

  • Applicant must either be a Singapore Citizen or Permanent Resident of Singapore; and
  • Applicant must be at least 21 years old; and
  • Applicant must achieve at least 75% attendance, and pass all assessments; and
  • Applicant is taking the course(s) for the first time.
  • If you wish to enrol for the course with SSG Funding, please proceed with the following steps:

  1. Register for your desired course(s) via the ISCA Portal when the registration period is open.
  2. Upon adding the cart, the system will prompt a question “Do you wish to apply for SSG Funding?”, click “Yes” and input all required information.
  3. At the Cart page, please ensure that the SSG funding is applied before clicking “Checkout”. 

    ISCA will apply for Training Grant from SSG in respect of self-sponsored trainees. Please note that there will be an administrative fee of $42.80 for any revision of invoice.

Workfare Skills Support (WSS) Absentee Payroll [Company-sponsored]

 The following ISCA ISRM certificates are eligible for WSS Absentee Payroll which covers up to 95% hourly basic salary:

Course Ref. No. Course Name Valid from Valid To
TGS-2022013611 Essentials of Information Systems Risk and Controls (ISRM Part 1) 1 June 2022 31 May 2024
TGS-2022013521 Information Systems Risk Management (ISRM Part 2) 1 July 2022 30 June 2024

Eligibility Criteria:

  • Company must be registered or incorporated in Singapore; and
  • Applicant is a Singapore Citizen; and
  • Applicant is aged 35 and above; and
  • Applicant earns an average gross monthly income of not more than $2,300 for the past 12 months; and
  • Applicant is taking the course for the first time; and
  • Applicant must be employed, and is either a Singapore Citizen or Permanent Resident of Singapore; and
  • Applicant must achieve at least 75% attendance, and pass all assessments; and
  • Applicant must be fully sponsored by the Company for all costs associated with the training; and
  • Payment has to be made via corporate means (e.g. corporate credit card, corporate PayNow).

The employee’s enrolment, attendance and assessment records will be submitted by ISCA onto TPGateway. Thereafter, employers will be notified to log into Enterprise Portal for Jobs & Skills (EPJS) to declare necessary information for Absentee Payroll funding. 

 

SkillsFuture Enterprise Credit (SFEC)

 The following ISCA ISRM certificates are SkillsFuture Enterprise Credit-eligible courses:

Course Ref. No. Course Name Valid from Valid To
TGS-2022013611 Essentials of Information Systems Risk and Controls (ISRM Part 1) 1 June 2022 30 June 2023
TGS-2022013521 Information Systems Risk Management (ISRM Part 2) 1 July 2022 30 June 2023


The SkillsFuture Enterprise Credit (SFEC) encourages employers to invest in enterprise transformation and capabilities of their employees. Eligible employers will receive a one-off S$10,000 credit to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, over and above the support levels of existing schemes.

Please click here for more information.

 

SkillsFuture Credit (SFC)

 The following ISCA ISRM certificates are SkillsFuture Credit-eligible courses:

Course Ref. No. Course Name Valid from Valid To
TGS-2022013611 Essentials of Information Systems Risk and Controls (ISRM Part 1) 1 June 2022 31 May 2024
TGS-2022013521 Information Systems Risk Management (ISRM Part 2) 1 July 2022 30 June 2024


SFC aims to encourage individuals to take ownership of their skills development and lifelong learning. Introduced in 2015, all Singaporeans aged 25 and above will receive an opening credit of S$500.

To further encourage Singaporeans to take timely action to reskill and upskill to seize opportunities in the future economy, a one-off SkillsFuture Credit top-up of $500 will be provided to every Singapore Citizen aged 25 years and above as at 31 December 2020. From 1 October 2020, this top-up can be used on all SkillsFuture Credit-eligible courses, and will expire on 31 Dec 2025.

You may wish to use your SFC and the SFC top-up to offset part of the course fee(s) during enrolment. However, please note that the additional SFC (Mid-Career Support) of $500 provided to Singapore Citizen (SC) aged 40 to 60 as at 31 December 2020 is NOT applicable for use on ISCA ISRM course(s).  

For more information on the SFC scheme, please visit https://www.skillsfuture.gov.sg/credit

If you wish to enrol for the course with SFC, please proceed with the following steps:

  1. Ensure that you have sufficient credit balance in your SFC account in order to make a successful claim. Please check your SFC account balance here.
  2. Enrol for your desired course(s) via the ISCA Portal when the registration period is open.
  3. Upon adding the cart, the system will prompt a question “Do you wish to apply for SkillsFuture Credit?”, click “Yes” and input all required information.
  4. At the Cart page, please ensure that the SFC funding is applied before clicking “Checkout”. 
  5. Upon receiving an email that the course status is confirmed, please proceed to submit SFC claim on SkillsFuture Portal within 60 days before the course start date and obtain the necessary approval. Please submit SFC claim via MySkillsFuture Portal.

Failure to submit claim application and obtain necessary approval before the course start date will result in topping up of the SFC indicated for use. Please note that there will be an administrative fee of $42.80 for any revision of invoice.