Roles and Responsibilities of Monitoring Committee
Under the MRAA, each ASEAN country must set up its own Monitoring Committee (MC) to develop and maintain a process of submitting ACPA applications to the ASEAN Chartered Professional Accountant Co-ordinating Committee (ACPACC) for approval. In the case of Singapore, the Singapore Monitoring Committee (SMC) has been set up by ISCA.
In doing so, the MC shall also be authorized to assess and certify the qualification and experience of the applicants. Each country’s MC shall further undertake, amongst others, to ensure that its own Professional Accountants registered as and /or applying for ACPA:
Comply fully with the MRA requirements;
Provide evidence that they have complied with the Continuing Professional Development (CPD) compliance policy of the country of origin; and
Withdraw and deregister the ACPA from the ACPAR in the event that the professional accountant has contravened the MRA.
SMC will assess the applicant and conduct interview with applicant covering relevant work experience, technical knowledge and code of professional conduct, if necessary. SMC will make recommendations on the ACPA applications to ASEAN Chartered Professional Accountant Co-ordinating Committee (ACPACC).
Once ACPACC approves the ACPA applications, the successful applicants will be accorded the title of ACPA and emplaced on the ASEAN Chartered Professional Accountant Register (ACPAR) maintained by ACPACC.