- Appointment will boost ICPAS’ efforts to raise technical excellence and transform into a globally recognised professional accountancy body
Singapore, 7 March, 2013 – The Institute of Certified Public Accountants of Singapore (ICPAS) has appointed Professor Sum Yee Loong as its Honorary Technical Adviser (Tax). Professor Sum is currently Professor of Accounting (Practice) at the School of Accountancy, Singapore Management University (SMU).
As Honorary Technical Adviser (Tax), Professor Sum will serve in an advisory capacity to the Institute on technical matters, with a focus on taxation. His role includes introducing practical perspectives and enhancing the breadth and depth in the development of technical outputs of the Institute, strengthening ICPAS’ advocacy for the profession at national and international platforms, and representing the Institute at domestic and overseas events, with the aim of elevating the technical standing and profile of the Institute.
ICPAS’ Chief Executive Officer, Mr Lee Fook Chiew, said, “We are extremely pleased and honored to have someone of Professor Sum’s calibre join us as Technical Adviser. With his wealth of knowledge, expertise and standing, he will be an excellent ambassador and important resource as ICPAS continues to transform into a globally recognised professional accountancy body.”
Professor Sum said: “ICPAS is the national body for accountants and it is an honour and a privilege to be able to serve ICPAS. I will do my best to contribute to the development of the profession, especially in the areas of promoting technical excellence.”
Professor Sum Yee Loong has specialised in taxation since qualifying as an accountant in the UK, with more than 25 years of experience in Singapore taxation. Prior to his appointment as SMU Professor, he provided tax advisory services to corporate clients including multi-national companies and financial institutions. His areas of specialisation included corporate structuring & restructuring, restructuring for IPO, mergers & acquisitions and international tax planning. He also advised and provided tax opinions on cross-border transactions and structured finance. He was also active in advising and negotiating for tax incentives for various corporate clients. Professor Sum had been listed on several occasions as one of the top 10 Leading Tax Advisers in Singapore by International Tax Review. He was featured as one of the World’s Leading Tax Advisers in the Legal Media Group 2011 Guide to the World’s Leading Tax Advisers.
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 close to 26,000 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).