ICPAS Fund to Develop Member Accounting Skills

Institute of Certified Public Accountants of Singapore (ICPAS,) is to set up a fund for supporting members in strengthening core accounting skills as well as developing specialisms.

Singapore’s national accountancy body is initially setting aside $500,000 (£315,493) to finance the Members Development Fund (MDF) which will provide $500 worth of training credits to members to attend one of its Continuing Professional Education (CPE) courses, covering subjects such as financial reporting and assurance.

ICPAS president Dr Ernest Kan, said: ‘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. With the MDF, ICPAS aims to support the sector’s talent development by encouraging accounting professionals to acquire new skills and competencies. A skilled talent pool is crucial for the accountancy sector’s development and supports Singapore’s position as a global financial centre and business hub.’Currently there are more than 24,000 ICPAS members in Singapore and across the globe.