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Accounting and Corporate Regulatory Authority

Implementation Committee for Accountancy Workforce Development (ICAWD)

Learn how the ICAWD coordinates industry efforts to implement AWRC recommendations and build Singapore's accountancy talent pipeline.

Last updated 29 January 2026

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What the ICAWD does
AWRC recommendations
ICAWD committee members

What the ICAWD does

The ICAWD brings industry stakeholders together to:

  1. Develop and execute initiatives that ensure good careers, create quality pathways, and strengthen professional capabilities

  2. Enhance perceptions of the accountancy profession through outreach efforts

  3. Build a sustainable talent pipeline for the profession

AWRC recommendations

The ICAWD implements recommendations from the Accountancy Workforce Review Committee (AWRC), which concluded its work in May 2024.

Its recommendations span across three key pillars:

  1. Ensure good careers: Make the profession more attractive to potential talent.

  2. Create quality pathways: Make accountancy careers more accessible to persons from different backgrounds.

  3. Strengthen professional capabilities: Develop future-ready accountants who can adapt to changes and seize opportunities.

AWRC recommendations

Summary of AWRC recommendations

More details: AWRC Report

Examples of initiatives

To implement the recommendations, industry stakeholders have launched various initiatives, such as:

  • Redesigning reward structures and adjusting starting salaries

  • Making the Singapore Chartered Accountant Qualification (SCAQ) more accessible through streamlined requirements and exemptions

  • Expanding work-study opportunities and introducing accountancy minors and double degrees

  • Enhancing recognition of the Chartered Accountant (Singapore) designation

ICAWD committee members

The committee is co-chaired by ACRA's Chief Executive and ISCA's President. Members include representatives from:

  • Accounting firms, such as Big Four firms and small and medium-sized practices

  • Corporate entities, such as in-house accounting and finance functions, and company directorship associations

  • Institutes of higher learning, such as autonomous universities and polytechnics

View all committee members

Co-chairs

  • Mrs Chia-Tern Huey Min: ACRA, Chief Executive

  • Mr Teo Ser Luck: Institute of Singapore Chartered Accountants (ISCA), President

Industry representatives

  • Mr Yang Chi Chih*: Deloitte Singapore, Audit & Assurance Leader

  • Ms Shelley Chan*: KPMG Singapore, Audit Partner

  • Mr Derek How: RSM Singapore, Partner and Head, CPA Practice

  • Mr Lee Eng Kian: PKF-CAP Singapore, Managing Partner and Head of Audit and Assurance

  • Ms Lisa Liew: Philip Liew & Co, Managing Partner

Education representatives

  • A/P Premila Gowri Shankar: Nanyang Technological University, Head, Division of Accounting

  • Dr Gary Pan: Singapore Management University, Professor of Accounting (Education); Associate Dean (Undergraduate Admissions and Student Development); Academic Director (Lifelong Learning); Academic Director, Industry Practice Masters (IPM)

  • A/P Koh Sze Kee: Singapore Institute of Technology, Cluster Director, Business, Communication and Design

  • Mr William Lim: Ngee Ann Polytechnic, School of Business & Accountancy, Director

Corporate representatives

  • Mr Lim Him Chuan: DBS Bank, Country Head

  • Mr Mo Hongrui: Met Asia Energy, Chief Financial Officer

  • Mr Terence Quek: Singapore Institute of Directors, Chief Executive Officer

  • Mr Lee Wei Hock^: EY Singapore, Head of Assurance

  • Mr Chua Chin San^: PwC Singapore, Chief Operating Officer or Chief Financial Officer


Legend:

*Completed first term (ended September 2025)

^Second term