The tender for the consultancy was awarded to ACCA by the Pro-Tem Singapore Accountancy Council (the 'Pro-Tem SAC'), and ACCA will be working with them on the development and design of the qualification.
ACCA’s bid was led by Clare Minchington, executive director – learning & products, organising a global team, based in Singapore, Australia and the UK.
Helen Brand, chief executive of ACCA says: 'ACCA is honoured to be awarded this tender by Pro Tem SAC. Singapore is a lively and influential hub for the accountancy profession, on a global basis as much as local.
'I am sure that the team established to work on this important project will ensure that the right competences and skills are embedded in the Singapore QP. We are delighted to be the consultants on this project and look forward to working with the Pro Tem SAC on this exciting development.'
The original tender for the Singapore QP was launched on 6 May 2011 and closed on 1 July 2011. The tender invited proposals from interested parties to act as a Consultant to the Pro-Tem SAC and the soon to be established SAC in the development and design of the Singapore QP.
The design must take into account:
(a) robust admission criteria;
(b) mandatory structured practical experience;
(c) tests of professional competence;
(d) pathway to facilitate entry of degree-holders from non-accountancy disciplines; and
(e) pathway to facilitate re-entry of former professional accountants.