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ISCA faces deficit amid strategic investments

The Institute of Singapore Chartered Accountants (ISCA) held its 2025/2026 Annual General Meeting on 24 April 2026, revealing a strategic year of investment despite recording its first operating deficit in a decade. The institute focused on enhancing long-term member value and expanding its international presence.

ISCA’s membership grew by 11% to 43,500, with a renewal rate of 98.3%. The Singapore Chartered Accountant Qualification (SCAQ) saw a 37% increase in candidates, including 400 from overseas. ISCA expanded its regional footprint to 12 overseas chapters across nine countries, establishing six overseas offices and three Professional Services Centres.

The AGM also marked the election of the 2026 ISCA Council, with new members including Alan Chang Chi Hsung, Chua Siew Hwi, Quah Zheng Wei, Tan Aik Na, and Yong Zen Yun. Re-elected members include Jocelyn Goh Chern Ni, Koh Wee Kwang, and Lee Boon Teck, who was appointed as the new President.

ISCA’s investments were aimed at strengthening capabilities, growing the talent pipeline, and enhancing regional relevance. “The investments we have made over the past year lay the groundwork for a stronger, more connected profession,” said Lee Boon Teck, ISCA President.

Looking forward, ISCA plans to translate these investments into tangible outcomes for members, focusing on improving member experience and expanding international opportunities. The institute’s efforts to promote the SCAQ beyond Singapore, including its integration into Nanjing University of Finance and Economics, underscore its commitment to global reach.

This story was selected and published by a human editor, with content adapted from original press material using AI tools. Spot an error? Report it here.

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