ISCA rolls out $8m support fund

The fund aims to help the accountancy sector tide over the pandemic.

The Institute of Singapore Chartered Accountants (ISCA) has launched the ISCA Support Fund, worth $8m, to aid the accountancy sector amidst the COVID-19 pandemic.

According to ISCA, a national accountancy body, the support fund has three thrusts: support businesses, sustain livelihoods of accountancy professionals, and safeguard professional credentials.

With support from Enterprise Singapore’s (ESG) SG Together Enhancing Enterprise Resilience (STEER) programme, $3m will go to the acceleration of digital transformation and upskilling initiatives of small and medium-sized accounting firms as well as provide working capital to companies hit hard by the pandemic.

“Through the STEER programme, ESG will match $1 for every $2 contributed by ISCA to help strengthen and transform businesses,” ISCA said.

Another $3m will go towards reskilling and upskilling efforts for ISCA members in dealing with a post-COVID world, and $2m will go towards offsetting membership and training fees of members.

“There are long-term structural changes to the economic environment arising from COVID-19, and the profession will need to adapt and transform itself so that it is ready when recovery takes place,” ISCA President Kon Yin Tong said. “We introduced the ISCA Support Fund to meet this urgent need, so that the accountancy profession can be prepared to meet the challenges ahead and be well-positioned for the future.”

In 2020, ISCA launched a support package worth up to $3.6m, as well as other initiatives that helped the accountancy sector manage the crisis, including a job matching service for ISCA members, an online COVID-19 resource centre, a career portal, and an eLearning Space with webinars and eLearning modules.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia