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September 29, 2010

ACRA expands CPA experience rules

New rules in Singapore will allow international auditor experience to be recognised when registering as a CPA.

Under the revision, two out of the required three years of international practical experience in auditing of financial statements would be recognised by the countries regulator.

Previously the Accounting and Corporate Regulatory Authority (ACRA) only recognised practical experience gained by internationally trained auditors in a Singapore public accountant’s office.

Applicants will still need to obtain at least one year of Singapore experience in addition to the existing requirements for registration as a CPA, including the qualification, continuing education, and professional body membership requirements.

The change comes on recommendation by the Committee to Develop the Accountancy Sector to facilitate the recognition of international talent.

ACRA chief executive Juthika Ramanathan said attracting international auditing talent is a crucial part of the countries plan to develop into a global accountancy hub.

 

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