The Institute of Singapore Chartered Accountants (ISCA) and the Law Society of Singapore (LawSoc) have signed an agreement to work more closely together. This comes as more businesses expand across the region and deal with more complex challenges.
Today, companies need more than just basic compliance services. They want combined support in legal, financial, and governance matters to help them grow, manage risks, and handle deals with confidence. As businesses operate in different countries, they also need teams that can work smoothly across borders. This partnership aims to bring both professions together to meet these needs and create new opportunities for their members.
A key focus of this partnership is to build skills in a way that matches how professionals learn and work today. ISCA and LawSoc will create a digital learning platform where lawyers can study anytime, anywhere through simple and practical lessons.
This platform will also support cross-learning. Lawyers can learn about accounting, finance, and governance, while accountants can improve their understanding of legal topics related to risk, business deals, and advisory work.
Mr Teo Ser Luck, President of ISCA, said: “This is a significant partnership for both organisations. Together, we are establishing a Professional Services Centre that connects businesses with the legal and accounting expertise they need, helping them close deals with confidence and manage the risks that come with operating across borders. It is about building real capability, strengthening Singapore’s professional services ecosystem, and giving our professional services firms and businesses, including SMEs, the support they need to pursue opportunities together with confidence.”
Professor Tan Cheng Han, SC, President of the Law Society of Singapore, said: “Clients increasingly face issues that sit across law, finance and governance. Good advice depends on closer teamwork between lawyers and accountants. This partnership supports our members by strengthening training, expanding cross learning, and advancing initiatives such as a Professional Services Centre in Singapore to help firms compete and grow in the region.”
Mr Joe Loy, Assistant Chief Executive and Managing Director of Digital Business, NTUC LearningHub, said: “CPD is essential in ensuring lawyers keep their skills current as practice areas, regulations and client expectations continue to evolve. At NTUC LearningHub, our focus is on making CPD training practical, accessible and affordable, enabling lawyers to fulfil their professional requirements while building relevant capabilities. By working with industry partners such as ISCA and LawSoc, we aim to lower barriers to training and help more lawyers stay competent, compliant and ready for the demands of their profession.”
Ms Junie Fo, Vice President & Head, Professional Services, Singapore Economic Development Board, said: “Singapore is a trusted business hub where professional services firms support global and local businesses in navigating complex global dynamics. The partnership between ISCA and LawSoc strengthens Singapore’s professional services offerings through deeper cross-sector sharing, while helping our accounting and legal talent develop emerging skillsets and enhance capabilities to support businesses in capturing new opportunities across the growing region. EDB looks forward to working with both organisations as we continue to grow Singapore’s Professional Services sector.”
The Institute of Singapore Chartered Accountants (ISCA) is the national accounting body of Singapore. It was established in 1963 and is responsible for running the Singapore Chartered Accountant Qualification programme. ISCA is also officially appointed by the Singapore Ministry of Finance to award the Chartered Accountant of Singapore [CA (Singapore)] title.
ISCA supports more than 43,000 members working in different industries in Singapore and around the world. Its members are spread across over 40 countries. To grow its global presence, ISCA has 12 overseas chapters, 7 offices in 10 countries, and works with more than 150 strategic partners.
ISCA is also part of Chartered Accountants Worldwide, a global network that represents over 1.8 million Chartered Accountants and students across more than 190 countries.
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