ICPAS/CPA Australia Mutual Recognition Agreement

The Institute of Certified Public Accountants of Singapore (ICPAS) renewed the Mutual Recognition Agreement (MRA) with CPA Australia on 3 August 2009 and it established guidelines on how qualified CPA Australia members can gain membership of ICPAS.

ICPAS will admit as a CPA Singapore (Non-practising) any Member of Good Standing of CPA Australia who has successfully completed:

1. the CPA Program;

 

2. the Mentor Program;

 

3. any other standard entry requirements for admission to membership of CPA Australia;

 

4. the ICPAS Pre-admission Course; and

 

5. the requirement for proficiency in Singapore laws, as prescribed by ICPAS

 

A member of good standing of CPA Australia means a member who:

1. has no outstanding subscription fees, other fees or accounts payable to the relevant body;

 

2. has not had his or her membership suspended or terminated as a result of any professional conduct investigation;

 

3. has no current investigation into his or her professional conduct

 

Each member of CPA Australia who has completed the CPA Program of CPA Australia would apply as a Provisional member of ICPAS. Only provisional members are eligible to attend the ICPAS Pre-admission Course.

Upon successful completion of the Pre-admission Course and fulfillment of the requirement for proficiency in Singapore laws, as prescribed by ICPAS, the Provisional Member can apply for reclassification to a CPA Singapore (Non-practising).

Application Form

• Provisional Membership form

Application form with relevant documentations to be forwarded to:

Institute of Certified Public Accountants of Singapore

20 Aljunied Road #06-02 CPA House Singapore 389805

As a member of ICPAS through this MRA, your obligations are to:

• Maintain membership of both ICPAS and CPA Australia.
  
  
• Complete 120 hours per triennium with a minimum of 20 hours per year of Continuing Professional Education (CPE*) with coverage in ethics.
  
  
• Comply with ICPAS Constitution, ICPAS (Membership & Fees) Rules including the Code of Professional Conduct and Ethics, professional and technical standards, and pronouncements of the Council.
  
  

* You will be required to report your CPE compliance annually to ICPAS.

For further information:

Email: membership@icpas.org.sg

Tel: 65975620

Important note: This MRA does not include rights for CPA Australia members to conduct public accounting services or sign audited financial statements in Singapore. A separate application for the Certificate of Registration issued by the Accounting and Corporate Regulatory Authority (ACRA) is required.