ISCA, LawSoc sign MoU to boost legal-accounting collaboration

The Institute of Singapore Chartered Accountants (ISCA) and the Law Society of Singapore (LawSoc) person signed a memorandum of knowing (MoU) to fortify practice betwixt the ineligible and accounting sectors.

Under the MoU, the ISCA and LawSoc volition jointly rotation retired a integer learning level aimed astatine ineligible professionals, offering on-demand modules that tin beryllium accessed remotely and fitted astir enactment commitments.

The level is positioned arsenic a cross-disciplinary tool. It volition let lawyers to physique capabilities successful areas specified arsenic accounting, concern and governance, portion giving accountants entree to contented connected ineligible concepts tied to risk, transactional enactment and advisory services.

To widen the scope of the caller platform, the 2 bodies are partnering with the NTUC LearningHub to put backing enactment for eligible members of the ineligible community.

Continuing Professional Development courses are expected to beryllium added to the NTUC LearningHub’s Learning eXperience Platform aboriginal this year.

Planned backing options see SkillsFuture Credit and the Union Training Assistance Programme, with the purpose of keeping upskilling programmes wrong scope of moving professionals.

The ISCA and LawSoc are besides progressing talks connected a projected Professional Services Centre successful Singapore, intended to service investors and companies that question to found a beingness oregon grow successful the country. The centre volition besides cater to section businesses that program to grow overseas.

ISCA president Teo Ser Luck said: “Together, we are establishing a Professional Services Centre that connects businesses with the ineligible and accounting expertise they need, helping them adjacent deals with assurance and negociate the risks that travel with operating crossed borders.”

Recently, the ISCA Academy, the acquisition limb of the ISCA, launched an AI grooming inaugural crossed the Association of Southeast Asian Nations to adjacent skills gaps successful concern and accounting roles.

"ISCA, LawSoc motion MoU to boost legal-accounting collaboration" was primitively created and published by The Accountant, a GlobalData owned brand.

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