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ACCA Re-Asserts Its Commitment to the Accountancy Profession in Singapore by Backing Official Report

Publication of CDAS consultation supported by global accountancy body.

London, United Kingdom, April 21, 2010 --( ACCA (the Association of Chartered Certified Accountants) today welcomes the recommendations detailed in a final report from Singapore’s Committee to Develop the Accountancy Sector (CDAS), which has been submitted to the government for consideration.

The report lists three key strategic aims to further develop the accountancy sector in Singapore. These are:

Becoming a leading Centre for Accountancy Talent, Education, Thought Leadership & Professional Development;
Becoming a leading Centre for High Value-Adding Professional Accountancy Services; and
Strengthening the Singapore Accountancy Sector’s Infrastructure and Institutions.

Helen Brand, chief executive of ACCA, says: “The report’s strategic aims are a clear route map for the profession in Singapore, building on the country's already very high reputation on the international stage.”

Darryl Wee, country head of ACCA Singapore, adds: “ACCA makes a significant contribution to the profession in Singapore and looks forward to continuing our long-term commitment to professional accountants in the country and the wider region. We also eagerly anticipate the government’s response to this important work by CDAS.”

Helen Brand continues: “ACCA’s history in Singapore goes back some 70 years, where we have educated and trained high value professional accountants with the skills, competence and ethical standards required by employers. For a number of years, we have carried this work out in partnership with the Institute of Certified Public Accountants of Singapore. Through this vital collaboration our members have achieved key leadership roles throughout the practice and corporate sector, in Singapore and throughout South East Asia.”

Darryl Wee concludes: “As a global accountancy body, ACCA is proud to have played a role in building capacity in the accountancy profession in Singapore. It remains ready to work in partnership to take Singapore onto its next stage of transformation, reflecting the needs of business, and Singapore’s increasing importance in the economy of Asia Pacific.”

Contact Information
Hannah Smith
+44 (0)20 7462 8900

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