To further enhance the accountancy talent pipeline in Singapore and abroad, the Institute of Singapore Chartered Accountants (ISCA) has signed Memorandums of Understanding (MOUs) with SIM Global Education, one of the core entities of the Singapore Institute of Management (SIM), and PSB Academy.
Under these agreements, undergraduates pursuing accountancy at SIM Global Education and PSB Academy will be empowered to kickstart their professional journey to becoming a chartered accountant of Singapore and connect with the wider accountancy community through ISCA.
The benefits accorded to students of both institutions cover a wide range of areas:
- Undergraduates from selected accounting degrees from both institutions will
be eligible to pursue the SCAQ foundation level exams during their final year
of studies. This will allow them to focus better on kickstarting their careers
upon graduation. - Students can be awarded up to five exemptions for examination papers, out of
the six in total required to progress through the programme. This will
accelerate their journey to be a Chartered Accountant, reducing the time
previously required by up to half. - Upon completing the foundation level of SCAQ, they will be awarded the ISCA
Professional Business Accountant (PBA) title. - For students living in Singapore, ISCA will support them through career
placements with ISCA’s wide network of Accredited Training Organisations (ATOs), comprising more than 500 corporates in Singapore. This will also benefit ATOs, in addressing the manpower crunch faced in recruiting talent. - For overseas students returning home, ISCA will continue to nurture their
interest to continue pursuing the SCAQ Professional Programme back in their
home countries, to guide them towards attaining the CA (Singapore)
designation. The students will be supported by ISCA wide network in 12 cities
in 9 countries
The two MOUs were signed by ISCA CEO, Fann Kor and representatives from the respective universities, SIM’s interim president and CEO Wei Kwok Kee, and PSB Academy CEO Derrick Chang.
SIM Chairman and distinguished lifetime member of ISCA Euleen Goh said: “SIM is committed to equipping our students with the knowledge and skills necessary to thrive in their future careers. We hope students will seize this opportunity to grow and take on challenges as future talents of the industry.”
PSB Academy executive chairman, Viva Sinnah, added: “At PSB Academy, we recognise that in today’s interconnected global landscape, accountancy plays a critical role in driving transparency, trust, and growth across industries.
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By GlobalData“This prestigious affiliation with ISCA empowers our local and international students to excel in this vital field, positioning them to become key contributors to the global accountancy landscape. Through this partnership, we are cultivating a new generation of professionals who will uphold and advance the standards of excellence for which Singapore’s accountancy sector is renowned.”
ISCA president, Teo Ser Luck, further said: “ISCA continues to enhance our partnerships with the Institutes of Higher Learning in Singapore and develop a sustainable pipeline of qualified chartered accountants. This year, there is renewed interest in the profession, resulting in nearly double the enrolment for SCAQ. Our new partnerships with SIM and PSB Academy will further strengthen the accountancy pipeline not just in Singapore but globally.”
