\n Media OutReach Newswire<\/a> – 15 May 2025 – The Institute of Singapore Chartered Accountants (ISCA) has announced the election of four newly-elected members, re-election of four existing members, and appointment of two new members to the ISCA Council, which is the governing body of ISCA to approve major policy decisions and oversees matters relating to the governance and membership of the Institute. The newly-elected, re-elected and newly-appointed Council Members will serve as ISCA Council Members for a term of two years until 2027.\n<\/div>\n
\n The newly-elected Council Members are:\n<\/p>\n
\n \u2022 Ms Ang Suat Ching, Chief Financial Officer, Resorts World at Sentosa Pte Ltd\n<\/p>\n
\n \u2022 Mr Chin Chee Choon, Audit and Assurance Partner, Head of Business Development and Marcomm, Forvis Mazars LLP Singapore\n<\/p>\n
\n \u2022 Mr Lee Eng Kian, Managing Partner, PKF-CAP LLP\n<\/p>\n
\n \u2022 Mr Gajendran S\/O Vyapuri, Assurance Partner and Professional Practice Director, EY LLP\n<\/p>\n
\n The re-elected Council Members are:\n<\/p>\n
\n \u2022 Ms Lo Mun Wai, Audit Partner, KPMG LLP\n<\/p>\n
\n \u2022 Ms Judy Ng, Group Financial Controller, DBS Bank\n<\/p>\n
\n \u2022 Ms Cyndi Pei, Chief Financial Officer, Digital InfraCo Singapore Telecommunications Limited (Singtel)\n<\/p>\n
\n \u2022 Mr Song Yeow Chung, Chief Financial Officer, Old Chang Kee Ltd\n<\/p>\n
\n In addition, two new members have been appointed to the Council: Ms Esther Wee, Accountant-General and Chief of Government Finance, Accountant-General\u2019s Department (AGD), and Mr Tan Boon Gin, Chief Executive Officer, Singapore Exchange Regulation, SGX Group. Ms Wee was appointed by the Ministry of Finance to represent the government on ISCA Council, and Mr Tan is the first non-accountant appointed by the ISCA Council for his extensive experience which enables him to support and advise ISCA on initiatives relating to corporate governance and bring an added lens in terms of regulatory oversight and public interest.\n<\/p>\n
\n At the AGM, ISCA also announced several key highlights and updates of its performance in the past year:\n<\/p>\n
\n \u2022 Since taking over the administration of the Singapore Chartered Accountant Qualification (SCAQ) programme at the start of the year, ISCA achieved an increase of 47% in enrolments, including overseas SCAQ candidates.\n<\/p>\n
\n \u2022 ISCA recorded a 98.3% membership retention rate in 2024, which is the highest in a decade.\n<\/p>\n
\n \u2022 Ended the year strong with a $5.3M surplus and boosted its reserves to $113.8M (including fair value gains).\n<\/p>\n
\n \u2022 Held membership fees unchanged for the 8th consecutive year, and no fee increase for this coming year as well.\n<\/p>\n
\n \u2022 Expanded our reach globally and set up 12 overseas chapters in 9 countries, with 4 ISCA overseas offices.\n<\/p>\n
\n In 2025, ISCA is poised to invest up to $7 million in enhancements to the SCAQ as well as international growth and expansion, as part of longer-term growth plans for the Institute. To support this endeavour, the Institute announced its plan to acquire a second property with a value around $55 million, for the purposes of investment and bolstering ISCA\u2019s financial health.\n<\/p>\n
\n ISCA President Mr Teo Ser Luck said, \u201cAt this exciting time of strong growth and great potential for ISCA, I\u2019m pleased that our valued members have elected a capable and experienced Council to lead us forward. The Council members bring with them many years of experience from a wide range of industries and sectors \u2014 including the public sector, accounting firms, listed companies, and more. Their diverse backgrounds will bring fresh ideas and new perspectives to help advance both ISCA and the accounting profession. Together with the Institute\u2019s senior management, we look forward to exploring new opportunities and making 2025 a year of meaningful progress, with new initiatives and key developments for ISCA. At the same time, we remain committed to supporting our members and delivering lasting value.”\n<\/p>\n
\n For more information on the biographies of the newly-elected, re-elected and appointed Council Members, please refer to the Annex.\n<\/p>\n
To access ISCA\u2019s Annual Report 2024\/2025, please Hashtag: <\/b>#ISCA #DifferenceMakers #Accountancy #ISCACouncil<\/p>\n
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