ACRA - Accounting and Corporate Regulatory Authority

"Join the accountancy profession, and be part of the solution." - Mr Bing Yi Lee for Sustainability and Climate Change at PwC Singapore. Discover how accountants make a positive impact on climate change through the work they do. Motivated by a sense of meaning and purpose, Bing Yi shares how having analytical skills, a good understanding of sustainability issues, and staying curious and agile are important to working in this growth sector. Dive deeper into the insights of the accountancy workforce with the Accountancy Workforce Review Committee (AWRC) report. Read the full report here: https://lnkd.in/gq8AtGDv Or read about the diverse opportunities in accountancy in this ACRA commentary: https://lnkd.in/gc59hBhV. #AWRC #AccountancyWorkforce #Professionalinsights

Was glad to join the IVAS-IVSC Business Valuation Conference today. Valuation is an important part of the work that we do in Singapore. This year’s theme, ‘Intangible Impact: Unlocking Business Value in the New Economy’ is highly relevant and timely. New trends, like AI and sustainability present new opportunities for the valuation industry. I announced several initiatives that will help valuers with their work, including: - the intangible assets valuation guidelines aligned to the International Valuation Standards (IVS), - an updated Chartered Valuer and Appraiser (CVA) Programme, and - a new online professional development course on the Intangibles Disclosure Framework, which ISCA, IVAS and IPOS collaborated on. The business valuation landscape will continue to evolve, and I urge businesses to continue keeping a close tab on developments in order to seize the exciting opportunities in the horizon! For more info, read my full speech here: go.gov.sg/ivas-ivsc-bvc24 #businessvaluation #businessvalue #IVAS #IVSC #neweconomy #singapore IVAS - Institute of Valuers and Appraisers, Singapore International Valuation Standards Council (IVSC) ACRA - Accounting and Corporate Regulatory Authority

The IVAS-IVSC Business Valuation Conference 2024 kicked off this morning! The discussions and exchange of views between policymakers, senior business leaders, valuation professionals, Chartered Valuer and Appraiser (CVA) Charter Holders and Associate CVAs will shape the future of business valuation and reinforce Singapore’s position as a trusted business hub. ACRA is proud to be a strategic partner and to contribute to the robust discussions.

The accountancy sector is evolving, offering more than just financial expertise. Recent insights from The Straits Times highlight both the challenges and exciting opportunities in the field, underscoring its crucial role in Singapore's economic landscape. ACRA actively addresses the industry needs through the Accountancy Workforce Review Committee (AWRC) report recommendations to ensure good careers, create quality pathways, and strengthen professional capabilities. These strategies aim to build a sustainable pipeline of high-quality accountancy talent, ready to meet tomorrow's business demands. Despite current trends, the profession continues to offer rewarding careers with competitive salaries, upskilling opportunities, and diverse progression paths. ACRA remains committed to collaborating with stakeholders to implement these recommendations, ensuring the sector's vitality and appeal to both fresh graduates and experienced professionals. Explore the changing landscape of accountancy and its promising future: https://lnkd.in/gwSpjWG4 For an in-depth look at the AWRC's recommendations: https://lnkd.in/gyKRNV4F #AccountancyFuture #CareerGrowth #ProfessionalDevelopment

Wishing all a joyous National Day, as you celebrate with your loved ones!

ACRA is proud to share that our former CE Mr Ong Khiaw Hong and the Accountancy Workforce Review Committee (AWRC) have been accorded Special Achievement Awards by the Institute of Singapore Chartered Accountants (ISCA) for their contributions to the accounting profession. Our congratulations also to AWRC’s co-chair Mr Chaly Mah for being accorded ISCA’s Distinguished Lifetime Membership Award. The AWRC’s recommendations announced in May kicked off efforts to grow the sector by ensuring good careers, creating quality pathways and strengthening professional capabilities. https://lnkd.in/gAHXKQNc Read the AWRC report here: https://lnkd.in/gyKRNV4F

ACRA is proud to be a supporting partner of the UN Global Compact Network Singapore (GCNS)’s SME Series 2024 which examines the challenges faced by smaller companies in their sustainability reporting journey. This morning, ACRA’s Assistant Chief Executive for the Accounting Regulatory & Sustainability Group, Ms Kuldip Gill, joined a panel discussion titled “Between The Devil & The Deep Blue Sea – Navigating The New Alphabet Soup Of Standards And Customers Demands", moderated by Ms Jane Gan. The session discussed the current opportunities and challenges of sustainability reporting, including changing standards and increasing stakeholder expectations for companies to embrace sustainable practices. Ms. Gill also shared available schemes to help SMEs on their sustainability reporting and decarbonisation journey. A special thanks to UN Global Compact Network Singapore for organising this insightful session, and we look forward to more initiatives that will continue to shape the sustainability reporting landscape in Singapore. HIROSHI KOMORI | Gabriel Tan | Jean-Gaetan Guillemaud

Know any young student keen to explore the dynamic world of accountancy? Do invite them to join the ACCTraordinary 2024, a Joint Poly-ITE Outreach Programme taking place at Nanyang Polytechnic on 6 September. ACRA is excited to support this event. It will be an excellent opportunity to kickstart a rewarding career in accountancy. Don't let them miss out! #ACCTraordinary #FutureAccountants #Accountancy

ACRA's Assistant Chief Executive for Accounting Regulatory & Sustainability Group Ms Kuldip Gill was honoured to be a panellist at a fireside chat at Climate Governance Singapore Forum 2024 titled "Action versus Reporting" on Wednesday. The event, hosted by the Singapore Institute of Directors and its ESG Chapter, provided a valuable platform for the sharing of insights on climate governance. The session was moderated by Ms Esther An, and alongside panellists from Monetary Authority of Singapore (MAS) and SGX RegCo, Ms Gill talked about how climate reporting can drive action in the current climate emergency. She underscored the growing legal responsibility of climate reporting and the importance of public-private partnerships in helping companies improve their sustainability disclosures. Abigail E. Ng | Michael Tang

At the SMU Accounting Freshmen Orientation over the weekend, ACRA’s Director of Sector Capability Development Department, Germin Ong, PBM • EdD • CA (Sg) shared more about the opportunities available in the accountancy sector and what has been done to make the sector more attractive to young students. The session sparked interest and discussion on diverse pathways in the future of accountancy, including in growth areas such as sustainability reporting and financial forensics. We thank SMU School of Accountancy for this opportunity to connect with tomorrow's accountancy leaders. Here's to nurturing talent that will transform the industry! #AWRC #ACRA #Accountancy #ProfessionalDevelopment #SMU #CareerTalks