2010 - November
Singapore Accountancy Convention to Tackle Issues in Accountancy Sector’s Transformation
08 Nov 2010 Category: Media Releases
Singapore, October 28, 2010 – Change is afoot as the Pro-Tem Singapore Accountancy Council sets to work on the plan to transform Singapore into a global accountancy hub by 2020. To enable the accountancy profession to understand key issues facing the sector, the Institute of Certified Public Accountants of Singapore (ICPAS) is organising the Singapore Accountancy Convention on November 2, 2010 at Marina Bay Sands Expo & Convention Centre. Mrs Lim Hwee Hua, Minister in the Prime Minister’s Office and Second Minister for Finance and Transport, will be the convention’s guest of honour.
The convention’s theme, “A Profession on the Move”, depicts the realities of today’s world – constant change, globalisation and the need for the profession to stay updated. The event will bring together thought leaders and industry experts from Singapore and around the world for an exchange of views on the most topical issues impacting the profession. Apart from local movers and shakers, five senior members of the International Federation of Accountants will be making their appearance at the convention. This is the first time such a sizeable number of key representatives from the global organisation for the accountancy profession is speaking at an ICPAS conference.
A gala dinner in the evening at the same venue marks the convention’s finale. ICPAS Adviser Mr Teo Ser Luck, Mayor, North East District and Senior Parliamentary Secretary, Ministry of Community Development, Youth and Sports and Ministry of Transport, is the gala dinner’s guest of honour. More than 1,200 participants are expected to attend the convention and the gala dinner, which are fully sold out.
Dr Ernest Kan, President of ICPAS, said: “The Singapore Accountancy Convention will provide participants with in-depth understanding of key issues facing the profession as the accountancy sector undergoes significant transformation. The convention will cover megatrends affecting the profession, including the impact of rapid globalisation and technological advancement.
Participants will hear from some of the most prominent thinkers and leaders from the local sector and the international arena, and be part of thought-provoking debates and exchange of ideas during the panel discussions.”
Speakers from IFAC to share global trends in professional education and ethics
Representatives from the International Federation of Accountants (IFAC), the global organisation for the accountancy profession, will share the latest global trends in professional education and ethics. The eminent speakers and panellists include members of IFAC’s International Accounting Education Standards Board (IAESB) and International Ethics Standards Board for Accountants (IESBA).
Professor Mark Allison, IAESB Chairman and Executive Director, Education and International at the Institute of Chartered Accountants of Scotland, will highlight the key revisions to professional education standards in “A Journey of Lifelong Learning and Continuing Development of Professional Competence”. Professor Kim Langfield-Smith, IAESB member and Deputy Dean (Research) and Professor of Management Accounting at Monash University, will explore the different approaches to the assessment of competence used by professional accounting bodies globally. And Mr Mark Spofforth, IAESB member and Vice-President of the Institute of Chartered Accountants in England and Wales, will cover latest changes in professional development requirements.
Top professionals and business leaders to discuss changing landscape
ICPAS also invited leaders in the accounting profession and business community to address the impending changes that will take place in the accountancy sector and how the profession can prepare for them.
One of the topical issues will be the Government’s plan to transform Singapore into a global accountancy hub by 2020. Mr Bobby Chin, Chairman of the Pro-Tem Singapore Accountancy Council, is expected to deliver a speech on the subject at the convention. Mr Chaly Mah, Chief Executive Officer of Deloitte Asia Pacific, will give an overview of economic trends impacting Singapore and seizing opportunities. Mr Tan Choon Seng, Group Chief Executive Officer of WBL Corporation, will share his views on traits of the 21st Century Accountant.
Convention’s Theme: A Profession on the Move
Singapore Accountancy Convention’s theme underscores the fact that amid rapid changes in the corporate landscape, accounting professionals must seek up-to-date knowledge to move in tandem with business. “A Profession on the Move” also describes the accounting profession today – one that is dynamic and vibrant, armed with a “can-do” attitude to tackle challenges and change.
The convention will cover topics such as:
-Challenges and opportunities as Singapore transforms into a global accountancy hub
- Skills and traits of the 21st Century accounting professional
- Global trends in ethics, governance and education
-The role of the profession in the Third sector
There will be panel discussions on the borderless nature of business, ethics and governance in Asia, and how Singapore can transform into a premier global accountancy hub.
Speakers and Panellists at Singapore Accountancy Convention
· Professor Mark Allison, IAESB Chairman; Executive Director, Education and International at the Institute of Chartered Accountants of Scotland
· Mr Bobby Chin, Chairman of Pro-Tem Singapore Accountancy Council
· Mr Amarjit Chopra, President, The Institute of Chartered Accountants of India
· Mr Chow Kam Wing, Executive Director and Chief Financial Officer, Micro-Mechanics (Holdings) Limited
· Dr Ernest Kan, ICPAS President; Chief-of-Operations (Clients & Markets), Deloitte Singapore
· Professor Kim Langfield-Smith, IAESB Member; Deputy Dean (Research) and Professor of Management Accounting at Monash University
· Mr Lee Wai Fai, Chief Financial Officer, United Overseas Bank
· Mr Chaly Mah, Chief Executive Officer, Deloitte Asia Pacific
· Mr Mak Keat Meng, Head of Assurance and Japanese Business Services, Ernst & Young LLP
· Mr Mark Spofforth, IAESB Member; Vice-President of the Institute of Chartered Accountants in England and Wales
· Mr Tan Choon Seng, Group Chief Executive Officer, WBL Corporation Limited
· Mr Tham Sai Choy, Managing Partner, KPMG Singapore
· Mr Paul Thompson, Senior Technical Manager, IFAC
· Mr Brian Walsh, IESBA Member and adviser to several organisations
· Mr Yeoh Oon Jin, Singapore Assurance Leader, PricewaterhouseCoopers Singapore
About the Institute of Certified Public Accountants of Singapore
Established in 1963, Institute of Certified Public Accountants of Singapore (ICPAS) is the national accountancy body that develops, supports and enhances the integrity, status and interests of the profession.
The Certified Public Accountant Singapore (CPA Singapore) is a professional in accountancy, finance and business distinguished by their technical expertise, integrity and professionalism, in addition to a recognised accountancy qualification and relevant work experience. CPAs Singapore serve every corner of the world in every industry. Many of them helm some of the most prominent local and international corporations.
ICPAS accords the CPA Singapore designation. Working closely alongside businesses, ICPAS connects its membership to an unmatched range of information resources, events, professional development and networking opportunities. Presently, there are more than 22,000 members making their strides in businesses across all industries in Singapore and around the world.
ICPAS’ international outlook and connections are reflected in its membership of regional and international professional organisations like the ASEAN Federation of Accountants (AFA), the Asia-Oceania Tax Consultants’ Association (AOTCA), the International Federation of Accountants (IFAC) and International Innovation Network (IIN).
For more information, please visit www.icpas.org.sg
For media enquiries, please contact:
Ms Betsy Tan
Institute of Certified Public Accountants of Singapore
DID: 6597 5608
Ms Orange Tan
Institute of Certified Public Accountants of Singapore
DID: 6597 5613