DIVING COMMUNITY

ISCA recognises the importance of establishing good relationships with key stakeholders.

The Institute works with government agencies like the Ministry of Finance (MOF), Accounting and Corporate Regulatory Authority (ACRA), Accounting Standards Council (ASC), Enterprise Singapore (ESG), Infocomm Media Development Authority (IMDA), Monetary Authority of Singapore (MAS), Singapore Accountancy Commission (SAC), SkillsFuture Singapore (SSG) and Workforce Singapore (WSG) to spearhead initiatives that contribute to the development of the accountancy profession. We also conduct regular exchange sessions with government agencies to advocate and represent the profession’s interests and discuss issues relating to the accountancy profession.

As with past years, in 2020 we also organised the ISCA Pre-Budget Roundtable and various focus group discussions, which brought together leaders of trade associations and accounting firms to discuss ideas and provide recommendations to the Ministry of Finance in its preparation of the Singapore Budget.

ISCA is committed to working with industry partners — including professional bodies, business organisations and academic institutions — to represent the profession’s interests and discuss issues regarding, and of interest to, the accountancy sector.

Deeper engagement with international partners and the global accountancy community helps solidify ISCA’s reputation as a world class accountancy body and raises our international standing and prominence. Beyond Singapore, ISCA is an active member of several prominent international accounting organisations and groupings such as the International Federation of Accountants (IFAC), Chartered Accountants Worldwide (CAW), and Jeju Group. ISCA is also an active participant at the United Nations Conference on Trade and Development (UNCTAD) - International Standards of Accounting and Reporting (ISAR). We also actively advocate the views of our members and the Singapore accountancy profession on matters affecting and of interest to them to international standard setting boards, such as International Auditing and Assurance Standards Board (IAASB), International Accounting Standards Board (IASB), IESBA and International Panel on Education (IPAE).

These relationships have helped ISCA to stay plugged into the global conversations surrounding issues that impact or are of interest to the global accountancy profession. At the same time, we advocate for our members and the Singapore accountancy profession on global platforms.

We count more than 32,000 accountancy professionals as our members. Recognised and trusted for their professionalism, expertise and integrity, our members work in diverse roles across various industries worldwide.

As a membership organisation, empowering members to achieve their aspirations has always been one of our top priorities. By equipping our members with the relevant skill sets and technical know-how, we help our members enhance their employability and expand their career options.

Through our wide range of continuing professional education offerings and educational resources, our members can upskill and reskill in high-growth areas. In recent years, these areas have included business analytics, financial forensics, project and infrastructure finance and infrastructure, coding and financial modelling.

In addition, our engagement with key stakeholders as well as our advocacy for the profession contribute towards the enhancement of the eco-system. This benefits our members and the profession.

Our members are at the heart of what we do and we will continue to focus on delivering value to them.