The Institute of Singapore Chartered Accountants (Isca) has announced a mutual-recognition agreement with CPA Australia, allowing Isca members to join CPA Australia without meeting additional requirements. This agreement, signed on September 28, aims to facilitate talent mobility within the accounting profession and foster collaboration between the two organizations.

To qualify for CPA Australia membership, Isca members must be chartered accountants (CAs) who have completed the Singapore CA qualification and maintained Isca membership for at least five consecutive years. Conversely, CPA Australia members seeking Isca membership must have completed the CPA program, the Singapore Chartered Accountant Qualification’s Integrative Business Solutions module, and possess a minimum of three years of relevant work experience.

The mutual-recognition agreement was established after an assessment by the Accounting and Corporate Regulatory Authority, Isca, and CPA Australia, which examined the equivalence of the educational and professional requirements of both accounting bodies.

The signing ceremony featured Isca chief executive Fann Kor and CPA Australia chief executive Andrew Hunter, along with Isca president Teo Ser Luck and Merran Kelsall, outgoing president and chair of the board of CPA Australia.

Fann Kor emphasized the agreement’s significance, stating, “Together with CPA Australia, we aim to create new opportunities for our members, promote knowledge sharing, and contribute to the continued growth and success of the global accountancy profession.”