The Institute of Singapore Chartered Accountants (ISCA) is the national professional accountancy body in Singapore. It plays a crucial role in the accounting profession in the country.
Here are some key points about ISCA:
Established: ISCA was established in 1963 and has grown to become a significant institution in the accounting and finance sector in Singapore.
Membership: ISCA has a large membership base comprising accounting professionals from various sectors. Its members are recognized for their expertise and adherence to high professional standards.
Professional Development: ISCA offers a range of professional development opportunities for its members. This includes continuing professional education (CPE) programs, seminars, workshops, and conferences to ensure that members stay updated with the latest industry developments and maintain their professional competence.
Qualification: ISCA administers the Singapore Chartered Accountant (CA) qualification. This qualification is highly regarded in the industry and is a testament to the holder’s expertise and commitment to the profession. The CA (Singapore) qualification is recognized both locally and internationally.
Standards and Advocacy: ISCA plays a significant role in setting accounting and auditing standards in Singapore. It works closely with regulatory authorities, government bodies, and international accounting organizations to promote high standards of practice and to advocate for the interests of the profession.
Ethics and Governance: The institute emphasizes the importance of ethics and good governance in the accounting profession. It provides guidance and support to its members on ethical issues and promotes best practices in corporate governance.
Publications and Resources: ISCA produces a variety of publications, including research papers, technical guides, and a professional journal, to keep its members informed about industry trends, regulatory changes, and best practices.
Community and Networking: ISCA offers numerous opportunities for members to connect and network with peers and industry leaders. This includes special interest groups, committees, and various member events.
International Affiliations: ISCA is a member of regional and global accounting bodies, such as the International Federation of Accountants (IFAC) and the ASEAN Federation of Accountants (AFA). These affiliations help promote the Singapore accounting profession on the global stage and facilitate international collaboration.