Singapore – The Institute of Singapore Chartered Accountants (ISCA) announced the appointment of six new Council Members, reinforcing its leadership as it prepares to invest up to $7 million in strategic initiatives for 2025, including enhancements to the Singapore Chartered Accountant Qualification (SCAQ) programme and international expansion.
The refreshed Council includes four newly elected members from leading firms such as EY and Forvis Mazars, alongside two high-profile appointees: Esther Wee, Singapore’s Accountant-General, and SGX Regulation CEO Tan Boon Gin.
Tan’s inclusion marks a first for a non-accountant on the Council, adding regulatory and public interest expertise to ISCA’s governance.
ISCA President Teo Ser Luck praised the Council’s diversity and expertise, highlighting their collective role in steering the Institute through a phase of “strong growth and great potential.”
Following a robust performance in 2024, ISCA reported a record 98.3% membership retention—the highest in a decade—and a $5.3 million surplus.
The Institute also expanded globally with 12 overseas chapters and four international offices, while maintaining membership fees for the eighth consecutive year.
Enrollment in the SCAQ programme surged 47% year-on-year, boosted by new international candidates, after ISCA assumed administrative control of the programme in early 2024.
Looking ahead, ISCA plans to bolster its reserves through the acquisition of a second property valued around $55 million, part of a broader strategy to sustain long-term financial health.
With over 39,000 members in more than 40 countries, ISCA continues to position itself as a regional leader in the accountancy profession, leveraging both local and international partnerships to drive its vision forward.
Business News Asia