The 7 Things You Must Know About the Institute of Singapore Chartered Accountants (ISCA)

The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore. It was established in 1963 by an Act of Parliament and is the only professional accountancy body in Singapore recognized by the government. ISCA has a membership of over 30,000 accountants and students.

ISCA's mission is to develop, promote, and regulate the accountancy profession in Singapore. It does this by setting accounting and auditing standards, providing continuing professional development for accountants, and promoting ethical conduct among its members.

ISCA is a member of the International Federation of Accountants (IFAC) and the Confederation of Asian and Pacific Accountants (CAPA). It is also a signatory to the International Education Standards Board (IESB) and the International Auditing and Assurance Standards Board (IAASB).

Here are 7 things you must know about ISCA:

1. ISCA is the only professional accountancy body in Singapore recognized by the government. This means that ISCA members are the only accountants who are legally qualified to audit financial statements in Singapore.
2. ISCA has a membership of over 30,000 accountants and students. This makes ISCA one of the largest accountancy bodies in the world.
3. ISCA sets accounting and auditing standards for Singapore. These standards are used by all accountants in Singapore, regardless of their membership in ISCA.
4. ISCA provides continuing professional development for accountants. This training helps accountants to stay up-to-date on the latest developments in the accounting profession.
5. ISCA promotes ethical conduct among its members. ISCA has a Code of Ethics that all members must follow. This code of ethics helps to ensure that accountants act in a professional and ethical manner.
6. ISCA is a member of the International Federation of Accountants (IFAC) and the Confederation of Asian and Pacific Accountants (CAPA). This membership gives ISCA a voice in the international accounting community.
7. ISCA is a signatory to the International Education Standards Board (IESB) and the International Auditing and Assurance Standards Board (IAASB). This means that ISCA members are required to follow the highest international standards of accounting and auditing.

ISCA is a vital part of the Singapore accounting profession. It plays a key role in setting standards, providing training, and promoting ethical conduct. ISCA members are highly respected professionals who play an important role in the Singapore economy.

Here are some additional facts about ISCA:

• ISCA was founded in 1963.
• ISCA has over 30,000 members.
• ISCA is a member of the International Federation of Accountants (IFAC).
• ISCA is a signatory to the International Education Standards Board (IESB) and the International Auditing and Assurance Standards Board (IAASB).
• ISCA is the only professional accountancy body in Singapore recognized by the government.

ISCA is a leading professional accountancy body that plays an important role in the Singapore accounting profession. ISCA members are highly respected professionals who play an important role in the Singapore economy.