The Institute of Certified Public Accountants
of Singapore (ICPAS) has amended its constitution to improve its

The constitutional changes relate to:

  •        the
    composition and mode of election of council members; 
  •        tenure of the leadership
  •        appointment of an audit
    committee; and
    nominations committee as well as membership

The tenure of ICPAS council members will be
capped at three consecutive terms of two years each, or a maximum
of six consecutive years.

ICPAS’s president, vice-president and
treasurer will be allowed to serve for a maximum of two terms of
two years each but after serving four years the president will not
be eligible to be the vice-president or treasurer.

The institute also plans to set up an audit
committee (AC) to assist the council in fulfilling its
responsibilities of oversight in the Institute’s financial

The categories of practising member and
non-practising member will be collapsed into one category known as
CPA Singapore.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The ICPAS Council will now consist of 16
Certified Public Accountants (CPAs) elected by members, of which
half shall be public accountants and the other half non-public
accountants with the rest filled by any other CPA Singapore.

The amendments are in line with
recommendations made by ICPAS in its report Transforming
Singapore into a Leading Global Accountancy Hub for Asia

The changes will now be submitted to the
Registrar of Societies for approval.