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

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.