The Association of Chartered Certified Accountants (ACCA), the Institute of Certified Public Accountants of Singapore (ICPAS) and the Singapore Accountancy Commission (SAC) have signed a Letter of Intent to explore routes to reciprocal membership between the members of ACCA and ICPAS, a designated entity appointed under the Singapore Accountancy Commission Act to confer the new professional designation Chartered Accountant of Singapore, on behalf of SAC.
A reciprocity agreement would mean that members of one body would more easily be able to become members of the other, subject to members meeting the conditions of the agreement.
“The collaboration is aligned to SAC’s objective of working with local and international communities to drive accountancy excellence in Singapore through talent development, professional qualification, research and thought leadership,” says Uantchern Loh, Chief Executive of SAC.
“ACCA shares the strategic vision with SAC and ICPAS of advancing the accountancy profession in Singapore as it aspires towards becoming a leading global accountancy hub for the Asia Pacific region," adds Helen Brand, Chief Executive, ACCA.
Lee Fook Chiew, Chief Executive Officer, ICPAS, notes that the letter of intent brings opportunities for the Chartered Accountant of Singapore designation to gain greater recognition globally, which will spell enhanced career portability and development for our members.
ACCA is the world’s largest and fastest-growing global professional accountancy body with 154,000 members and 432,000 students in 170 countries. The ACCA syllabus has been recognised by the United Nations as a global benchmark for the education of accountants and finance professionals all over the world.