ICAEW, ISCA & CQICPA Sign Tripartite MoU To Boost The Development of Accountancy And Finance Industries

1 min read

21 March 2023

Amid economic globalisation, international cooperation has become an important driving force for industry development. To promote the region’s accountancy and finance industries as well as knowledge exchange and collaboration of  the accountancy profession, the Institute of Chartered Accountants in England and  Wales (ICAEW), the Institute of Singapore Chartered Accountants (ISCA) and the Chongqing Institute of Certified Public Accountants (CQICPA) signed a tripartite Memorandum of Understanding (MoU) on 20th March 2023.  

This tripartite MoU aims to facilitate the development of the accountancy and finance  industries in Singapore, China and the United Kingdom. The three institutes will deepen  professional research and knowledge exchange, and promote the development of the accountancy industry from a global perspective. 

At the virtual signing ceremony, representatives of the three parties delivered speeches,  reviewing the achievements of their respective associations in the past year, and shared future plans and strategic priorities.

ISCA President Mr Teo Ser Luck said, “We’re delighted to deepen our relationships with  CQICPA and ICAEW via this MoU. We look forward to exploring more opportunities for  joint research, knowledge exchange and development of training programmes. The  MoU is also in line with ISCA’s plan to expand our network beyond Singapore. We look  forward to working closely with CQICPA and ICAEW to explore new opportunities for  members of the three institutes, businesses and the accountancy community.” 

In his opening speech, Mr Mark Billington, ICAEW Managing Director International, welcomed each representative and expressed his gratitude to the three associations for  their longstanding joint efforts and support. He added that the three parties will strengthen cooperation to jointly promote the development of the profession, instil trust  in the accountancy profession, champion sustainability, lead their members to master  technology and data and jointly promote the attractiveness of the accountancy  profession. 

Ms Zhang Qing, Secretary General of CQICPA, said that the signing ceremony today  marked a new starting point for cooperation among the three parties, and will bring forth fruitful cooperation. She proposed three major objectives: to strengthen exchanges and  cooperation among the three associations to achieve mutual benefit and win-win  results; to promote exchanges among members of three institutes; to enhance  professional quality as well as to seize strategic opportunities to promote the  development of the profession in the three regions.