FOR IMMEDIATE RELEASE
8 April 2008, Singapore -- The Institute of Certified Public Accountants of Singapore (ICPAS) signed an Agreement of Cooperation (AOC) with the Chinese Institute of Certified Public Accountants (CICPA) this morning in Beijing, People’s Republic of China.
The signing of the AOC is for the advancement of the accounting profession, especially in relation to the maintenance and strengthening of professional and educational standards, towards the recognition of each other, as well as internationalisation of the profession.
Commenting on the AOC, Mr Tan Boen Eng, President of ICPAS said, “The close relationship between ICPAS and CICPA goes as far back as 1980s. It has been a valuable relationship. We recognise that the common and strong interest both bodies shared in development of the accounting profession, should not only be maintained but enhanced.”
The two national accountancy bodies will cooperate in areas like training and professional development activities. Continuing Professional Education, run jointly or individually by either ICPAS or CICPA will be mutually recognised. This gives the accounting professional more options in terms of scope.
“China is now an economy super powerhouse. Being a big country with economy power, there are certainly many things one can learn from China’s success story. CICPA has played a significant role in the accounting world. As such, ICPAS looks forward to working closely with CICPA to map out concrete steps to see that this agreement bears fruits,” added Mr Tan.
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About Institute of
Certified Public Accountants of Singapore
Established in June 1963, the Institute of Certified Public Accountants of Singapore (ICPAS) is the national accountancy body that develops, supports and enhances the integrity, status and interests of the accountancy profession in Singapore.
The Certified Public Accountant Singapore (CPA Singapore) is a professional in accountancy, finance and business who has the relevant work experience in addition to a recognised accountancy qualification. They are highly versatile and well sought after as business leaders beyond the accountancy, banking and finance industries.
Today, the Institute of Certified Public Accountants of Singapore (ICPAS) has close to 20,000 members and/or CPAs Singapore working and making their mark worldwide, which makes the CPA Singapore a designation with international recognition.
ICPAS’ international outlook and connections are reflected in its membership of regional and international professional organizations like the ASEAN Federation of Accountants (AFA), the Asia-Oceania Tax Consultants’ Association (AOTCA) and the International Federation of Accountants (IFAC).
The Institute also caters for the training and professional development of its members through regular courses conducted by its training arm, the Singapore Accountancy Academy (SAA).
For more information, please contact:
Ms Catherine Chan
Communications Manager
Institute of Certified Public Accountants of Singapore
Tel: 65 6749 8060 Ext 813
Fax: 65 6749 8061
Email: catherine.chan@icpas.org.sg
Ms Karen Neo
Communications Executive
Institute of Certified Public Accountants of Singapore
Tel: 65 6749 8060 Ext 817
Fax: 65 6749 8061
Email: karen.neo@icpas.org.sg