Find out more about our qualifications, what we do for our members in South East Asia, and how you can join us.
Working in partnership with global and regional organisations to promote good practice
In the month of June, the ICAEW Economic Insight 2017: South-East Asia Q2 launch was held in Vietnam and Singapore. Priyanka Kishore, Lead Asia Economist of Oxford Economics, an ICAEW partner who presented the quarterly report at the events. A panel discussion ensued where esteemed panel members shared and discussed current topics and economic challenges in the region.
Join Henning Diederichs, ICAEW Financial Reporting Faculty member on his roadshow in South East Asia as he presents on topics such as, “An introduction to accruals accounting by Governments”, “Group IPSAS for Assets” to “Group for Financial Reporting”. Henning will look at the impact that accruals accounting has had on financial reporting and also the factors to consider to ensure successful implementation, such as IT systems and professional skills/competencies.
Richard Spencer, Head of Sustainability from the ICAEW Faculty was in the region to conduct technical sessions in six cities. He presented, shared and facilitated various sessions in the areas of accounting for nature / the natural capital coalition, global sustainable growth, sustainability and the role of accountants; and also the local, national and region challenges. An opportunity for our stakeholders to learn and discuss an issue that has impact on the environment and businesses, and also the future of the profession.
In April and May, a networking event was held for chartered accountants in Yangon and Bangkok respectively. Each event brought together business leaders and chartered accountants from various industries. An initiative and networking event organised by ICAEW for fellow chartered accountants in both cities.
Malaysia’s move to accrual accounting for the public sector is seen as a welcomed change by many since its introduction by the government four years ago. Despite that, the transition from cash accounting to accruals has fallen behind the government’s targeted implementation date of early 2016, citing time as a factor to achieve perfection. In an interview with Ross Campbell, Director of Public Sector for ICAEW, he opined that most countries need five to eight years for full implementation to take place. Campbell also emphasised that despite the shift into accrual accounting helps promotes information transparency for policy makers’ usage, it still needs a feedback loop of public accountability in order to have pressure to reform. With Malaysia’s relatively strong footing in the accountancy profession, the transition will definitely benefit the country in the long run the transparency helps reduce accounting scandals.
In the month of April Kirstin Gillon, Technical Manager from the ICAEW IT Faculty visited Vietnam, Myanmar, Singapore, Malaysia and Indonesia on a Thought Leadership Roadshow, sharing her knowledge and expertise on cyber security and how to keep one step ahead, and the importance of managing risk in a digital world.
ICAEW celebrates the achievements of over 140 ACA graduates, a significant milestone for our Malaysia office and welcomed new members to organisation on 6 November. We are honoured to have the presence of the minister in the Prime Minister’s department as well as ICAEW President, staff members, and notable guests from professional bodies, business leaders, key authorised training employers and higher education institutions in Malaysia.
On 15 May, ICAEW concluded a second successful run of its unique F-TEN Asia 2014 programme in Singapore with a graduation dinner at the Tower Club. The programme aims to provide delegates from South East Asia with the knowledge and skills to become high-performing Chief Financial Officers (CFOs).
On 23 April, Jackson Lim, Khei-Peng Si and Christina Sue Yin Lim were recognized for achieving the highest marks in their ACA exams last year. The award ceremony was held at Chartered Accountants’ Hall in London.
This is part of ICAEW’s commitment to build and strengthen its initiatives and presence in Indonesia and within the South East Asia region.
On 18 March, ICAEW in association with The Economist presented ‘Economist Insights: Boardroom risk in a changing economic climate’, an interactive roundtable event hosted at at Raffles Hotel, Singapore.
On 22 January, the second cohort of the Financial Talent Executive Network Asia came together for a dinner event and drinks.