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.
- ends -
For further information, please contact:
Nick Cosgrove, ACCA Newsroom
+44 (0)20 7059 5989
+44 (0)7963 496144
Notes to Editors
- ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. We aim to offer business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.
- We support our 147,000 members and 424,000 students in 170 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. We work through a network of over 80 offices and centres and more than 8,500 Approved Employers worldwide, who provide high standards of employee learning and development. Through our public interest remit, we promote appropriate regulation of accounting and conduct relevant research to ensure accountancy continues to grow in reputation and influence.
- Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. We believe that accountants bring value to economies in all stages of development and seek to develop capacity in the profession and encourage the adoption of global standards. Our values are aligned to the needs of employers in all sectors and we ensure that through our qualifications, we prepare accountants for business. We seek to open up the profession to people of all backgrounds and remove artificial barriers, innovating our qualifications and delivery to meet the diverse needs of trainee professionals and their employers.