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February 27, 2012

ICPAS establishes members’ development fund

The Institute of Certified Public Accountants of Singapore (ICPAS) has established a Members’ Development Fund (MDF) to encourage its members to seek further professional development.

The MDF will cover training costs and offer assistance to accountants who wish to strengthen their expertise.

ICPAS said the MDF’s initial seed funding is $500,000 is aimed at supporting talent development as the profession as Singapore works towards transforming into a leading global accountancy hub for Asia-Pacific by 2020.

ICPAS members will be granted training courses conducted by the institute that will include ethics, assurance and financial reporting.

“The profession is ever-evolving to meet the demands of the marketplace, especially in these times when financial regulatory requirements are growing in complexity. It is imperative for accounting professionals to keep up to date on the latest developments in the profession and acquire the relevant skill sets” ICPAS president Ernest Kan said.

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