New collaboration bolsters accountancy in Singapore
The Association of International Certified Professional Accountants (the Association) and the Institute of Singapore Chartered Accountants (ISCA) have entered into a collaboration to increase co-operation and shared resources for their members.
The memorandum of understanding (MOU), which came into force on 21 August, gives holders of the Chartered Global Management Accountant (CGMA) designation and ISCA members access to mutual training and development opportunities. In addition, CGMAs gain associate membership of ISCA.
The Chartered Institute of Management Accountants (CIMA) and the American Institiute of Certified Public Accountants (AICPA) formed the Association earlier this year, to drive a dynamic accounting profession worldwide, enhancing resources and tools for the Association’s 650,000 members and students worldwide.
Andrew Harding FCMA CGMA, Chief Executive, Management Accounting, of the Association, said:
“In today’s extraordinary times, management accountants are being called upon to navigate complex and fast-changing opportunities and challenges. It’s vital they keep up-to-date with the latest skills and knowledge.
“This collaboration will provide increased professional development opportunities for CGMA designation-holders, while allowing ISCA members to tap into the extensive wealth of training resources offered by the Association. That co-operation benefits and strengthens not only the Singapore accountancy profession, but the entire business community as well.”
“The partnership with the Association offers new opportunities for both ISCA members and CGMA designation holders to enhance their skill sets and expand their professional network. Our collaboration with CIMA is also in line with ISCA’s goal to prepare members for the future economy through continuous professional development,” said Mr Lee Fook Chiew, Chief Executive Officer, ISCA.