GlobalData
3 min read
The Institute of Singapore Chartered Accountants (ISCA) has revealed the election of four new members, the re-election of four current incumbents, and the appointment of two additional members to its council.
This council is the governing body of ISCA tasked with making “major” policy decisions and overseeing governance and membership matters within the institute.
The newly-elected, re-elected and newly appointed council members are set to serve for a two-year term until 2027.
Among the newly elected members are Ang Suat Ching, chief financial officer, Resorts World at Sentosa; Chin Chee Choon, audit and assurance partner, head of business development and Marcomm, Forvis Mazars Singapore; Lee Eng Kian, managing partner, PKF-CAP; Gajendran, assurance partner and professional practice director, EY.
The re-elected members to the council are Lo Mun Wai, audit partner, KPMG; Judy Ng, group financial controller, DBS Bank; Cyndi Pei, chief financial officer, Digital InfraCo Singapore Telecommunications Limited (Singtel); Song Yeow Chung, chief financial officer, Old Chang Kee.
The two new members appointed to the council are Esther Wee, accountant-general and chief of Government Finance, Accountant-General’s Department (AGD); and Tan Boon Gin, chief executive officer, Singapore Exchange Regulation, SGX Group.
During the annual general meeting (AGM), ISCA shared several updates from the past year.
The Institute took over the administration of the Singapore Chartered Accountant Qualification (SCAQ) programme, resulting in a 47% increase in enrolments, it stated.
It also maintained a 98.3% membership retention rate in 2024, the “highest” in ten years, and ended the year with a $5.3m surplus, boosting its reserves to $113.8m.
ISCA said it has kept membership fees stable for the eighth year in a row and expanded its global presence with 12 overseas chapters in nine countries along with four ISCA offices overseas.
Looking ahead to 2025, ISCA stated that it plans to invest up to $7m in enhancing the SCAQ and furthering international growth. It also intends to acquire a second property valued at approximately $55m to strengthen its financial position.
ISCA president Teo Ser Luck said, “At this exciting time of strong growth and great potential for ISCA, I’m 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 — 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’s 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."
