Under the ASEAN Mutual Recognition Arrangement on Accountancy Services (MRAA), a RFPA registered with ISCA (Singapore) shall:
Be bound by local and international codes of professional conduct in accordance with the policy on ethics and conduct established and enforced by the National Accountancy Body (NAB) / Professional Regulatory Authority (PRA) which the ASEAN CPA is registered with.
Be bound by domestic regulations (eg. immigration policies) of Singapore.
Work in collaboration with a professional accountancy firm or be employed by a company or organisation registered in Singapore.
Be permitted to provide accountancy services excluding signing off of independent auditor’s report and other regulated professional accountancy services that require a license from Accounting and Corporate Regulatory Authority (ACRA) or any other relevant authorities in Singapore.
An aspiring RFPA will be required to furnish the following supporting documents at the point of application:
Valid ASEAN CPA registration number
Certificate of good standing from your NAB/ PRA stating that there is currently no record of any disciplinary proceedings instituted or to be instituted by your NAB/ PRA against you, dated no more than three months from the date of RFPA application. Click here for a template of the certificate of good standing for your reference.