ISCA sets aside $3m as 98% foresee industry disruption

This will fund AI capability, career transition and sustainability support.

Institute of Singapore Chartered Accountants (ISCA) has set aside $3m to support artificial intelligence (AI) capability, career transition and sustainability initiatives, following survey findings showing that 98% of respondents expect disruption from global political and trade developments, according to a press release.

The institute will allocate $1m to roll out an AI Fluency Programme and $2m towards a Career Support Programme in 2025.

Survey findings conducted with the Association of Small & Medium Enterprises showed that 98% of respondents anticipate disruption, whilst 57% identified job displacement as their top AI-related concern.

The AI Fluency Programme, delivered in partnership with the Infocomm Media Development Authority under the expanded TechSkills Accelerator, will be offered free to Singaporean and permanent resident professional accountants.

ISCA said the initiative targets Singapore’s 120,000-strong accountancy sector and focuses on applying AI in audit and reporting workflows, understanding its limitations, and ensuring responsible use.

ISCA has committed $2m in 2025 to provide career coaching, job matching and skills support under its Career Support Programme, alongside mid-career measures and improvements to the SkillsFuture Level-Up Programme announced in Budget 2026.

On sustainability, ISCA said it will issue implementation guidance and reference materials to support firms adapting to revised climate reporting timelines, alongside extended green financing and energy efficiency schemes.

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