The Association of Chartered Certified Accountants (ACCA Singapore) and the Institute of Internal Auditors Singapore (IIA Singapore) have signed a Memorandum of Understanding (MoU) to promote further collaboration in areas of common interest and mutual value to members of both professional bodies and the business industry at large.
The MoU comes as a result of a number of previous successful research and other collaborations between ACCA Singapore and IIA Singapore such as the ACCA-IIA Roundtable Discussion on ‘Risk Management under the New Corporate Governance Code’ in October 2012 which was followed by the launch of a joint report on the roundtable findings in February 2013.
This agreement will allow both bodies to continue to partner on mutually beneficial research and technical issues as well as professional development and networking events and opportunities that allow their members to keep abreast with the latest developments and issues impacting the business industry.
"ACCA members now have the opportunity to benefit from shared research and event initiatives which will add to their wide knowledge base acquired through the ACCA syllabus," says Leong Soo Yee, Head of ACCA Singapore. "Together with IIA Singapore, we believe that our partnership will help drive Singapore closer to achieving its goals in becoming the leading global accountancy hub for the Asia Pacific region.”
Eric Lim, President of IIA Singapore said: “IIA Singapore shares similar visions to those held by ACCA and this widens the opportunities for future collaborations. ACCA is a global accountancy body held in high esteem and the signing of this MoU opens many possibilities for IIA and ACCA members to share and participate in impactful initiatives together that will have global recognition.”