The role of technology in Singapore’s vision to be a global accountancy hub

As reported earlier, accountancy is one of five key sub-sectors of the Professional Services Industry Transformation Map (ITM) launched in January this year to develop Singapore into a globally-leading Professional Services Industry driven by innovation and partnerships. Sharing the collective goal with the other four key subs-sectors are advertising, architecture and engineering, consulting, and legal, the ITM targets an annual growth rate of 4.6% to reach $31 billion in value-add by 2020, and to create 5,500 new PMET jobs per year.

Singapore recently launched a S$2.4-million Digital Transformation for Accountancy Programme to help firms adopt technology, and the Professional Conversion Programme (PCP) for Financial Forensic Professionals.

Source: OpenGovAsia


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