This article needs to be updated. The reason given is: Will be merged with Accounting and Corporate Regulatory Authority since 1 April 2023.. Please help update this article to reflect recent events or newly available information.(March 2023)
The SAC Bill[4] was read the first time on 15 November 2012 and subsequently passed during the second and third reading by the Singapore Parliament on 14 January 2013.[1][5] The formation of the SAC is one of the recommendations made in the Final Report by the committee to Develop the Accountancy Sector (CDAS) in 2010.[6]
Committee to Develop the Accountancy Sector (CDAS)edit
The CDAS was formed by the Ministry of Finance in December 2008 to undertake a review of the Singapore accountancy sector and profession.[7] The CDAS, chaired by Bobby Chin, Chairman of the Singapore Totalisator Board and formerly managing partner of KPMG LLP Singapore, comprised members of the accounting profession, the business community, academia and the public sector.[7] The CDAS Final Report contained 10 recommendations,[8] which were accepted by the Ministry of Finance.[9]
After the Final Report, the CDAS was dissolved and the Pro-Tem Singapore Accountancy Council (PSAC) was formed to implement the accepted recommendations.[10][11]
Pro-Tem Singapore Accountancy Council (PSAC)edit
The Pro-Tem Singapore Accountancy Council was formed in September 2010.[11] Bobby Chin was the first Chairman of the PSAC. Under his leadership, the PSAC laid the groundwork which led to the development of the Singapore Qualification Programme (QP) and the Singapore CFO Institute.[10] In October 2011, Michael Lim, Chairman, Land Transport Authority, took over as Chairman from Mr Bobby Chin.[3][12][13]
Initiativesedit
Chartered Accountants of Singapore and the Singapore CA Qualificationedit
The Singapore CA Qualification (formerly known as Singapore Qualification Programme or Singapore QP) is an educational qualification required to be a Charted Accountant.[2][14][15][16][3][17]
Singapore CFO Instituteedit
The Singapore CFO Institute was officially launched in September 2011 at the inaugural CFO Connect.[18] The Singapore CFO Institute is led by an Advisory Council currently chaired by Mr Chng Lay Chew, CFO, Singapore Exchange.[19][20]
Referencesedit
^ abNew Stat Board to Raise Accountancy Standards (17 January 2013) The Straits Times
^ abNew Accounting Qualification to Replace CPA (1 April 2013) The Straits Times
^ abcRaising the Profile and Skills of Accountants Here (3 April 2013) 27 June 2013 at the Wayback MachineThe Straits Times
^Singapore Accountancy Commission Bill[permanent dead link]Singapore Parliament - Bills Introduced
^Second Reading Speech by Mrs Josephine Teo, Minister of State for Finance and Transport on the Singapore Accountancy Commission Bill (14 January 2013) Archived 18 April 2013 at archive.todayMinistry of Finance - Newsroom
^CDAS Final Report, Recommendation 10 Archived 2013-04-18 at archive.todaySingapore Accountancy Commission
^ abPositioning Singapore as the Leading International Centre in Asia for Accountancy Services and Professionals (1 December 2008) 2 March 2014 at the Wayback MachineACRA
^The CDAS Final Report: Executive Summary Archived 2013-04-18 at archive.todaySingapore Accountancy Commission
^Ministry of Finance Accepts Recommendations Made by the Committee to Develop the Accountancy Sector (7 May 2010) Archived 18 April 2013 at archive.todayMinistry of Finance - Newsroom
^ abPro-Tem Council Set Up to Direct Overhaul of Accountancy Sector (16 July 2010) The Business Times
^ abPro-Tem Singapore Accountancy Council Established to Implement Recommendations of the Committee to Develop the Accountancy Sector (1 September 2010) 4 September 2010 at the Wayback MachineMinistry of Finance - Newsroom
^Mr Michael Lim Choo San Appointed As Chairman of the Pro-Tem Singapore Accountancy Council (19 September 2011) 19 November 2011 at the Wayback MachineMinistry of Finance - Newsroom
^Finance Minister Appoints Chairman for Singapore Accountancy Commission (1 April 2013) Channel NewsAsia
^Chartered Accountant of Singapore Archived 2013-04-19 at archive.todaySingapore Accountancy Commission
^MOF Announces Details of New Professional Accountancy Designation (2 April 2013) 29 October 2013 at the Wayback MachineAsiaOne
^Singapore Prepares for a 2-tier Accounting Profession (4 April 2013) The Business Times
^Singapore QP Framework 2013-03-09 at the Wayback MachineSingapore Qualification Programme
singapore, accountancy, commission, this, article, multiple, issues, please, help, improve, discuss, these, issues, talk, page, learn, when, remove, these, template, messages, this, article, relies, excessively, references, primary, sources, please, improve, t. This article has multiple issues Please help improve it or discuss these issues on the talk page Learn how and when to remove these template messages This article relies excessively on references to primary sources Please improve this article by adding secondary or tertiary sources Find sources Singapore Accountancy Commission news newspapers books scholar JSTOR June 2013 Learn how and when to remove this template message This article contains content that is written like an advertisement Please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view February 2014 Learn how and when to remove this template message This article needs to be updated The reason given is Will be merged with Accounting and Corporate Regulatory Authority since 1 April 2023 Please help update this article to reflect recent events or newly available information March 2023 Learn how and when to remove this template message The Singapore Accountancy Commission SAC was a statutory body under the Ministry of Finance of the Government of Singapore 1 Launched on April 1 2013 2 the SAC works for the advancement of Singapore saccounting sector and provides for the registration of Chartered Accountants of Singapore 3 Singapore Accountancy CommissionAgency overviewFormed1 April 2013 10 years ago 2013 04 01 Dissolved1 April 2023 6 months ago 2023 04 01 JurisdictionGovernment of SingaporeHeadquarters10 Anson Road International Plaza 05 18 Singapore 079903Agency executivesChaly Mah ChairmanEvan Law Chief ExecutiveParent agencyMinistry of FinanceWebsitewww wbr sac wbr gov wbr sg Contents 1 History 1 1 Committee to Develop the Accountancy Sector CDAS 1 2 Pro Tem Singapore Accountancy Council PSAC 2 Initiatives 2 1 Chartered Accountants of Singapore and the Singapore CA Qualification 2 2 Singapore CFO Institute 3 References 4 External linksHistory editThe SAC Bill 4 was read the first time on 15 November 2012 and subsequently passed during the second and third reading by the Singapore Parliament on 14 January 2013 1 5 The formation of the SAC is one of the recommendations made in the Final Report by the committee to Develop the Accountancy Sector CDAS in 2010 6 Committee to Develop the Accountancy Sector CDAS edit The CDAS was formed by the Ministry of Finance in December 2008 to undertake a review of the Singapore accountancy sector and profession 7 The CDAS chaired by Bobby Chin Chairman of the Singapore Totalisator Board and formerly managing partner of KPMG LLP Singapore comprised members of the accounting profession the business community academia and the public sector 7 The CDAS Final Report contained 10 recommendations 8 which were accepted by the Ministry of Finance 9 After the Final Report the CDAS was dissolved and the Pro Tem Singapore Accountancy Council PSAC was formed to implement the accepted recommendations 10 11 Pro Tem Singapore Accountancy Council PSAC edit The Pro Tem Singapore Accountancy Council was formed in September 2010 11 Bobby Chin was the first Chairman of the PSAC Under his leadership the PSAC laid the groundwork which led to the development of the Singapore Qualification Programme QP and the Singapore CFO Institute 10 In October 2011 Michael Lim Chairman Land Transport Authority took over as Chairman from Mr Bobby Chin 3 12 13 Initiatives editChartered Accountants of Singapore and the Singapore CA Qualification edit The Singapore CA Qualification formerly known as Singapore Qualification Programme or Singapore QP is an educational qualification required to be a Charted Accountant 2 14 15 16 3 17 Singapore CFO Institute edit The Singapore CFO Institute was officially launched in September 2011 at the inaugural CFO Connect 18 The Singapore CFO Institute is led by an Advisory Council currently chaired by Mr Chng Lay Chew CFO Singapore Exchange 19 20 References edit a b New Stat Board to Raise Accountancy Standards 17 January 2013 The Straits Times a b New Accounting Qualification to Replace CPA 1 April 2013 The Straits Times a b c Raising the Profile and Skills of Accountants Here 3 April 2013 Archived 27 June 2013 at the Wayback Machine The Straits Times Singapore Accountancy Commission Bill permanent dead link Singapore Parliament Bills Introduced Second Reading Speech by Mrs Josephine Teo Minister of State for Finance and Transport on the Singapore Accountancy Commission Bill 14 January 2013 Archived 18 April 2013 at archive today Ministry of Finance Newsroom CDAS Final Report Recommendation 10 Archived 2013 04 18 at archive today Singapore Accountancy Commission a b Positioning Singapore as the Leading International Centre in Asia for Accountancy Services and Professionals 1 December 2008 Archived 2 March 2014 at the Wayback Machine ACRA The CDAS Final Report Executive Summary Archived 2013 04 18 at archive today Singapore Accountancy Commission Ministry of Finance Accepts Recommendations Made by the Committee to Develop the Accountancy Sector 7 May 2010 Archived 18 April 2013 at archive today Ministry of Finance Newsroom a b Pro Tem Council Set Up to Direct Overhaul of Accountancy Sector 16 July 2010 The Business Times a b Pro Tem Singapore Accountancy Council Established to Implement Recommendations of the Committee to Develop the Accountancy Sector 1 September 2010 Archived 4 September 2010 at the Wayback Machine Ministry of Finance Newsroom Mr Michael Lim Choo San Appointed As Chairman of the Pro Tem Singapore Accountancy Council 19 September 2011 Archived 19 November 2011 at the Wayback Machine Ministry of Finance Newsroom Finance Minister Appoints Chairman for Singapore Accountancy Commission 1 April 2013 Channel NewsAsia Chartered Accountant of Singapore Archived 2013 04 19 at archive today Singapore Accountancy Commission MOF Announces Details of New Professional Accountancy Designation 2 April 2013 Archived 29 October 2013 at the Wayback Machine AsiaOne Singapore Prepares for a 2 tier Accounting Profession 4 April 2013 The Business Times Singapore QP Framework Archived 2013 03 09 at the Wayback Machine Singapore Qualification Programme Past Events CFO Connect Singapore CFO Institute Archived 2013 04 19 at archive today Singapore Accountancy Commission About Us Archived 2013 06 08 at the Wayback Machine CFO ConnectExternal links editSingapore Accountancy Commission Singapore Qualification Programme Singapore CFO Institute Asia Centre of Excellence for Internal Audit Bean There Count That Ministry of Finance Singapore Government Retrieved from https en wikipedia org w index php title Singapore Accountancy Commission amp oldid 1147611966, wikipedia, wiki, book, books, library,
