Singapore Government

Recommendation 5

Strategic Thrust 2: A Leading Centre for High Value-Adding Professional Accountancy Services.

To further liberalise the rules and regulations governing the ownership of public accountancy entities and entry into the accountancy profession through:

(a) A revision of the existing regulatory ownership rules of a public accountancy entity from the existing two-third to a simple majority of public accountants in the entity, to enhance and facilitate the growth of multi-disciplinary professional practices in Singapore; and

(b) The recognition of international practical experience in the regulatory registration requirements for public accountants in Singapore.

Read CDAS’ 4th recommendation.
Read CDAS’ 6th recommendation.
Download the complete CDAS final report.

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