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Future of Profession
Recommendation Paper for Enhancements to the Singapore Chartered Accountant Qualification
The Singapore Chartered Accountant Qualification (SCAQ) Advisory Panel was set up in June 2022 to study, discuss and recommend enhancements to the SCAQ. This paper provides the consolidated recommendations based on feedback and inputs from various groups of stakeholders to strengthen and improve the SCAQ.
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Making Accountancy Education Fit for Purpose for the New Economy
With a rapidly evolving business landscape and technological advancements, especially in AI and automation, questions arise: Will the role of the accountant remain relevant? And does current accountancy education align with the needs of the new economy and employer expectations? This research aims to answer these critical questions.
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Redefining the Finance Function with Job Redesign
ISCA, Lee Kuan Yew Centre for Innovative Cities at the Singapore University of Technology and Design and Ernst & Young Advisory collaborated in a study to investigate how job roles in finance functions in Singapore can evolve to optimise collaboration between humans and machines and what new skill sets accountants may need going forward.
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ISCA-ICAEW "Digital transformation in finance functions: ASEAN and UK perspectives" publication
This report shares the practical experience of professional accountants in businesses and other experts who are leading or supporting digital transformation across the ASEAN region and United Kingdom. It aims to share some practical insights for those starting or already on their digital transformation journey, as well as some reflections on the challenges and opportunities for the profession as a result of technological changes.
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“Our Future Together Industry Perspectives: Future of Professional Learning and Entrepreneurship” Report 2017
“Our Future Together Industry Perspectives: Future of Professional Learning and Entrepreneurship” Report 2017 marks the second collaboration between ISCA and ICAEW. This report aims to shape the discussion on how education, training and professional learning should be redefined to develop professional accountants who are future-ready, so that they can continue to look forward to a bright future in the new economy that is well underway.
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Jobs Transformation Maps (JTM)
Manpower Study of Singapore-based Accounting Practices
Ernst & Young (EY) was commissioned by the Singapore Accountancy Commission (SAC), in collaboration with Workforce Singapore (WSG) and SkillsFuture Singapore (SSG), to conduct a study to evaluate the impact of key trends on manpower in Singapore-based accounting practices.
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Study on in-house Finance and Accounting (F&A) functions
Deloitte was commissioned by the Economic Development Board (EDB), the Singapore Accountancy Commission (SAC) and Workforce Singapore (WSG) to conduct a study on the in-house Finance and Accounting (F&A) functions in Singapore.
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The Centennials: Workforce of The Future
We started with Baby Boomers, then moved to Generation X. Next up was Generation Y and the Millennials. Now, we have a new generation of young people forging their own path...
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Technological Impact on Finance Functions and Job Design
The Covid-19 pandemic has accelerated the pace of digitalisation, which is already occurring in almost every business sector as a result of technological advancements and disruption. In Singapore, the government has increased the projected spend on information and communications technology (ICT) procurement in financial year 2020 by 30% from the previous year.
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Don's Column: Will Robots Take Over The Accountant's Job?
A few years ago, a website was launched that claimed to rank various professions according to their likelihood of automation. For accountants and auditors, the website spelt out its blunt verdict in a stark, bold font, “You are doomed.” But is this really the case?
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