Singapore’s Ministry of Finance (MoF) has accepted recommendations for the country’s accountants to move from Certified Public Accountant of Singapore (CPA Singapore) designation to Chartered Accountant (CA).
The recommendations were put forward by Pro-Tem Singapore Accountancy Council’s (Pro-Tem SAC) and will be conferred by Institute of Certified Public Accountants of Singapore (ICPAS).
Moving forward, candidates who complete the Singapore Qualification Programme (QP) and have acquired the relevant work experience will be conferred the CA Singapore designation while the existing ICPAS members who are designated as CPA Singapore will be automatically converted to the CA Singapore designation in July.
Students who enrolled at University to take an accountancy degree programme will have until 31 December 2016 to complete their studies and ICPAS examination in order to be eligible to be automatically converted to the CA. An exception will be made for those who have been accepted into an accountancy degree and are currently serving full time National Service, in which case their deadline will be postponed until 31 December 2018.
Those who fail to meet the deadline will need to complete the Singapore QP to qualify for the designation.
Holders of recognised professional qualifications, such as full members of the Association of Chartered Certified Accountants and CPA Australia will also have until 31 December 2016 to complete the ICPAS examination in order for their CPA Singapore qualification to be eligible to be automatically converted to the CA Singaporean designation.
Institute of Certified Public Accountants of Singapore