Quote:
Originally Posted by Unregistered
Need to refer to wiki means you are likely quite young and not around the accounting scene back in 2009.
Please look up “Committee to Develop the Accountancy Sector”
The CDAS was formed by the Ministry of Finance in December 2008 to undertake a holistic review of the Singapore accountancy sector and profession, with the aim to position Singapore as a leading international centre for accountancy services and professionals. The CDAS, which is chaired by Mr. Bobby Chin, Chairman of the Singapore Totalisator Board and formerly managing partner of KPMG LLP Singapore, comprises leading members of the accounting profession, the business community, academia and the public sector.
You can find the full report on ACRA website and also all members.
Their first recommendation resulted in what you know call SCAQ.
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If you read the full report, all their identified Strategic Thrusts, Goals are quite ambitious and their recommendations are solid.
But clearly the evolving expectations of the younger generation could not have been predicted back in 2009.