10 Jun 2011   

The Institute of Certified Public Accountants of Singapore (ICPAS) has released a consultation paper to seek feedback on proposed amendments to the Constitution following a review of its Constitution.

As you may be aware, the review arose from the CDAS' Recommendation 8 contained in its Final Report, pertaining to the transformation of ICPAS into a professional accountancy body with a global membership, outlook and standing. Under Recommendation 8, ICPAS is tasked to undertake a comprehensive independent study of the ICPAS Constitution to ensure its relevance and alignment of ICPAS' mission as the national professional body and that the ensuing governance and leadership structure and system are consistent with that of a professional accountancy body with a global membership, outlook and standing.

Key Proposed Amendments
(a) Composition of Council
(b) Mode of Election of Council Members
(c) Tenure of President, Vice-President and Treasurer
(d) Tenure of Council Members
(e) Members of the Institute
(f) Audit Committee
(g) Nominations Committee
(h) Amendments to Constitution
(i) Transitional Arrangements

Please download the Consultation Document by clicking here.

Comments would be most helpful if they:
• Comment on the questions stated
• Indicate the specific question to which the comments relate
• Address the question in a logical and succinct manner
• Contain a clear rationale
• Describe any alternative that should be considered

Town Hall Forums
To enable members to understand the changes to the Constitution and to provide their views and feedback, 3 town hall forums will be held at the following date and time:
a) Wed, 15 June 2011 - 7.00 pm to 9.00 pm;
b) Tue, 21 June 2011 - 10.00 am to 12.00 noon and
c) Sat, 25 June 2011 - 10.00 am to 12.00 noon.

Please register for the forums via email to florence.tan@icpas.org.sg

Period of Consultation
Closing date for written submission is 28 June 2011.

Please Response
- via email to cpfeedback@icpas.org.sg
- by fax to 67498061
- by post to
The Executive Director
Institute of Certified Public Accountants of Singapore
20 Aljunied Road, #06-02
CPA House
Singapore 389805