ISCA, ICAEW ink deal boost accountancy research ties

It's essential to Singapore's growth as an accountancy hub.

Singapore’s national accountancy body, ISCA (Institute of Singapore Chartered Accountants) has inked a Memorandum of Understanding (MOU) with global accountancy body ICAEW (Institute of Chartered Accountants in England and Wales) to deepen their collaboration in research and technical updates.

The two bodies intend to combine their respective strengths to conduct research and technical explorations that will support the accountancy sector in Singapore and the ASEAN region.

This joint effort is designed to provide insights and help solve many of the pressing issues faced by accountancy firms, companies and regulators locally and regionally.

The agreement sets a framework for cooperation on technical and professional matters relevant to Singapore and ASEAN; both national and international. It will extend for three years, during which the institutes will explore collaborations on mutually beneficial projects.

This is the second MOU signed between the two accountancy bodies. In January 2014, ISCA and ICAEW signed an MOU to establish the ICAEW-ISCA Pathways to membership scheme, enabling eligible ISCA members to become an ICAEW Chartered Accountant. The scheme will end its run in December 2015.