Skills gap seen in Singapore’s accountancy curriculum: Report

Only 13% of the current curriculum is dedicated to human skills.

Singapore’s accountancy curriculum lacked focus on essential skills, which need to be filled to equip accountants in the new economy, a study found.

In its Making Accountancy Education Fit for Purpose for the New Economy, the Institute of SIngapore Chartered Accountants (ISCA) found that only 13% of accountancy curriculum is dedicated to human skills, 9% to IT/digital skills, and 5% to ESG knowledge.

The ISCA noted this gives rise to a need to fill this skills gap to better equip accountants for “diverse, dynamic roles.”

“Our findings reveal the pressing need for continuing accountancy education reform for the adaptability and potential of Singapore’s future accountants,” Professor Ho Yew Kee, who led the study said.

“We are confident that with the implementation of the recommendations, Singapore’s accountancy sector can lead in addressing the challenges and opportunities of the new economy.”

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