The Institute of Singapore Chartered Accountants: Everything You Need to Know

If you’re interested in pursuing a career in accountancy in Singapore, you may have come across the Institute of Singapore Chartered Accountants (ISCA). ISCA is the national accountancy body of Singapore and is responsible for regulating the accountancy profession in the country. It is also the only body that can confer the Chartered Accountant of Singapore (CA (Singapore)) designation.

The grand building of the Institute of Singapore Chartered Accountants stands tall and imposing, with its sleek modern architecture and prominent signage

To become a CA (Singapore), you must first complete the Singapore CA Qualification, which is developed by the Singapore Accountancy Commission (SAC). Upon completion of the programme, you can then apply for full membership at ISCA to be conferred the CA (Singapore) designation. With over 36,000 members, ISCA is a well-respected professional body that offers a range of services to its members, including professional insights and development opportunities.

Whether you’re a student considering a career in accountancy or an experienced professional looking to enhance your skills, ISCA can provide you with the support and resources you need to succeed. Keep reading to learn more about the Institute of Singapore Chartered Accountants, becoming a CA (Singapore), and the professional insights and development opportunities available to members.

Key Takeaways

  • The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore and regulates the accountancy profession in the country.
  • To become a Chartered Accountant of Singapore (CA (Singapore)), you must complete the Singapore CA Qualification and apply for full membership at ISCA.
  • ISCA offers a range of professional insights and development opportunities to its members, making it a valuable resource for both students and experienced professionals in the accountancy profession.

Becoming a CA (Singapore)

A person receiving their CA certificate from the Institute of Singapore Chartered Accountants

Singapore CA Qualification

If you aspire to become a Chartered Accountant (CA) in Singapore, you can start by obtaining the Singapore CA Qualification. This is a comprehensive post-graduation accountancy programme that equips you with the necessary skills and knowledge needed to be a CA (Singapore). The Singapore CA Qualification is the national CA qualification, developed by the Singapore Accountancy Commission (SAC) in 2013.

The programme is designed to develop business leaders and is internationally recognised through Reciprocal Membership Agreements with world-renowned Chartered Accountant (CA) Professional Bodies in Australia, New Zealand, and other countries. The Singapore CA Qualification is globally recognised and internationally portable.

Membership Benefits

Upon completion of the Singapore CA Qualification, you can apply for full membership at the Institute of Singapore Chartered Accountants (ISCA) to be conferred the designation, Singapore Chartered Accountant. As an ISCA member, you will enjoy a wide range of benefits, including access to a community of over 32,000 Chartered Accountants in Singapore, professional development opportunities, courses, and events.

As a member of ISCA, you will also have access to various networks and resources that can help you advance your career and contribute to the advancement of the accountancy profession in Singapore. You can participate in various community activities and events, such as the ISCA Community Chest Charity Golf, which raises funds for various charities in Singapore.

In summary, obtaining the Singapore CA Qualification and becoming an ISCA member can provide you with the knowledge, skills, and expertise needed to become a successful Chartered Accountant in Singapore. It can also provide you with access to a community of professionals and resources that can help you advance your career and contribute to the advancement of the accountancy profession in Singapore.

Professional Insights and Development

A brightly lit classroom with rows of chairs facing a projector screen. A whiteboard at the front displays "Professional Insights and Development" in bold letters

As a member of the Institute of Singapore Chartered Accountants (ISCA), you have access to a range of professional insights and development opportunities that can help you stay up-to-date with the latest trends and best practices in the accounting industry.

Continuing Professional Education

ISCA offers a variety of continuing professional education (CPE) courses and events that can help you enhance your skills and knowledge in areas such as financial reporting, audit and assurance, financial forensics, and more. These courses are designed to be innovative and captivating, and are tailored to meet the needs of professionals at all levels of experience.

Regulatory Framework and Standards

ISCA is an advocate for the interests of the accounting profession and works closely with regulators and standard-setting bodies to promote the adoption of high-quality accounting standards and ethical practices. As a designated entity under the Accounting and Corporate Regulatory Authority (ACRA), ISCA plays an important role in shaping the regulatory framework for the accounting industry in Singapore.

Global and Regional Engagement

With its global mindset and Asian insights, ISCA leverages its regional expertise and networks with diverse stakeholders to contribute towards the advancement of the accounting profession. As a member of Chartered Accountants Worldwide and the ASEAN Federation of Accountants, ISCA is part of a global accountancy hub that provides opportunities for members to connect and collaborate with professionals from around the world.

Sustainability and Climate Change Initiatives

ISCA is committed to promoting sustainability and addressing climate change through various initiatives and programmes. The Sustainability and Climate Change Committee, established in 2021, provides guidance and support to members on sustainability reporting and assurance, and helps to drive sustainability initiatives in the accounting industry.

In conclusion, as a member of ISCA, you have access to a range of professional insights and development opportunities that can help you enhance your skills and knowledge, stay up-to-date with the latest trends and best practices, and contribute towards the advancement of the accounting profession in Singapore and beyond.

Frequently Asked Questions

A busy office with people seeking information from staff at a counter, while others read posted signs and pamphlets

How can one become a member of the Institute of Singapore Chartered Accountants?

To become a member of the Institute of Singapore Chartered Accountants (ISCA), you need to complete the Singapore Chartered Accountant Qualification (SCAQ) and the components of the Practical Experience requirement. Once you have completed these requirements, you will be eligible to become a Chartered Accountant of Singapore and a member of ISCA.

What are the benefits of joining the Institute of Singapore Chartered Accountants?

As a member of ISCA, you will have access to a wide range of resources and benefits, including professional development opportunities, networking events, and access to industry news and updates. You will also be part of a community of trusted professionals who are committed to upholding the highest standards of ethical and professional conduct.

What are the requirements for maintaining ISCA membership?

To maintain your membership with ISCA, you will need to meet the Continuing Professional Education (CPE) requirements and pay your annual membership fees. You will also need to adhere to the Code of Professional Conduct and Ethics and maintain your professional indemnity insurance.

How does one search for a member of the Institute of Singapore Chartered Accountants?

You can search for a member of ISCA by using the Find A Chartered Accountant (FACA) search function on the ISCA website. Simply enter the name or membership number of the member you are looking for, and the search function will provide you with their contact details and other relevant information.

What are the distinctions between a Certified Public Accountant (CPA) and a Chartered Accountant (CA) in Singapore?

The main difference between a CPA and a CA in Singapore is the professional body that awards their designation. CPAs are awarded their designation by the Institute of Singapore Certified Public Accountants (ISCA), while CAs are awarded their designation by ISCA. However, both designations require similar levels of education and experience, and both are highly respected in the accounting profession.

What is the typical salary range for a Chartered Accountant in Singapore?

The salary range for a Chartered Accountant in Singapore can vary depending on a number of factors, including experience, industry, and location. However, according to the Robert Walters 2021 Salary Survey, the average salary range for a Chartered Accountant in Singapore is between SGD 80,000 to SGD 120,000 per year.

Scroll to Top