The Institute of Singapore Chartered Accountants (ISCA) has signed a reciprocal agreement with Chartered Accountants Australia and New Zealand (CA ANZ).

Under the agreement, eligible ISCA members can attain CA ANZ’s Chartered Accountant designation without having to fulfil additional professional or educational requirements

To be eligible, the ISCA member must have attained the CA (Singapore) designation and completed the Singapore CA Qualification programme.

Similarly, Chartered Accountants from CA ANZ can apply for membership with ISCA, and attain the CA (Singapore) designation, a recognised mark of professional excellence for accountancy professionals and a pre-requisite for being a public accountant in Singapore.

Prior to reaching the agreement, ISCA, CA ANZ, and the Singapore Accountancy Commission (SAC) undertook an assessment process in reviewing the qualifying requirements in education, examination, practical experience, professional standards and regulations of both institutions.

This is the fourth reciprocal agreement ISCA has signed with another professional accountancy body. ISCA had previously signed reciprocal agreements with Chartered Accountants Ireland, the Institute of Chartered Accountants in England and Wales (ICAEW), and the Institute of Chartered Accountants Scotland (ICAS).

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ISCA president Kon Yin Tong said: “We are pleased to sign the reciprocal agreement with CA ANZ, a leading professional accountancy body. Eligible members can now apply for membership with CA ANZ, in addition to Chartered Accountants Ireland, ICAEW and ICAS. These reciprocal agreements with globally recognised professional accountancy bodies elevate the professional recognition and international standing of Chartered Accountants of Singapore. This will enhance our members’ career mobility in an increasingly globalised business landscape.”

CA ANZ president Nives Botica-Remayne said: “Business and economies around the world need trusted, skilled financial professionals in ways that it may not have before and it has never been more important to strengthen the profession through alliances such as this one. The value of our alliance is seen through the dedicated resources and support we provide, the relevant knowledge, education and learnings that inform our members like we have for so many years. Together, we have developed strong, high quality programs and training and held regular joint events that are focused on making our members future ready and uniquely equipping them to make a difference to communities and businesses.”

SAC chair Chaly Mah commented: “The Singapore Accountancy Commission congratulates ISCA and CA ANZ on the signing of the Reciprocal Recognition Agreement between the two organisations. The mutual recognition of the two chartered accountancy qualifications will increase the flow of chartered accountants between our countries, giving them opportunities to widen their experience and deepen their skills. This mutually beneficial collaboration will contribute towards a closer economic cooperation between the two countries and will enhance Singapore’s position as a global accountancy hub.”