ISCA Support Fund

ISCA has established a $8million Support Fund to support businesses, to sustain livelihoods of accountancy professionals and to safeguard professional credentials. This support scheme is a unique and holistic set of initiatives aimed to help Small and Medium Practices (SMPs) and accountancy professionals make deeper and more strategic shifts so that the profession can emerge stronger and seize the opportunities arising in the New Normal.

With the support of Enterprise Singapore’s (ESG) SG Together Enhancing Enterprise Resilience (STEER) programme, $3 million goes towards accelerating the digital transformation and upskilling efforts of SMPs, as well as provide working capital to SMPs affected by the pandemic. Through the STEER programme, ESG will match $1 for every $2 contributed by ISCA to help strengthen and transform businesses. Eligible SMPs can receive up to $10,000 each to fund business growth and upgrade their capabilities. In addition, eligible SMPs facing cashflow issues can also get a working capital grant of $5,000 each. 

The remaining $5 million goes towards supporting ISCA members, of which $2 million will aid members who are facing financial difficulties. Each member facing financial hardship will get their membership fees waived and will receive complimentary training, enabling them to acquire new skills to enhance employability. The other $3 million goes towards upskilling and reskilling members for the post COVID-19 environment.