The SMF Signs MOU with the Institute of Singapore Chartered Accountants

The SMF was honoured to sign a Memorandum of Understanding (MOU) with the Institute of Singapore Chartered Accountants (ISCA) on 12 October 2022. Signed by SMF President Mr Lennon Tan and ISCA President Mr Teo Ser Luck, the MOU aims to facilitate knowledge exchange and workshops in these areas: training and awareness; internationalisation; and sustainability for members in the manufacturing and accounting sectors.

SMF President Mr Lennon Tan signed the MOU with ISCA President Mr Teo Ser Luck (right) on 12 October 2022.

Training and General Awareness

The SMF and ISCA will share and make their respective training courses available to their members. Members will have the opportunity to exchange valuable knowledge on various topics. Examples include Industry 4.0, sustainability-related reporting standards etc. In addition, the SMF and ISCA members will have an increased opportunity to speak at SMF and ISCA events.

Internationalisation

Through trade exhibitions, business missions, and business matches with regional and global businesses, the SMF enables SMF members to expand overseas and create new supply chains. Members of ISCA and SMF may benefit from sharing expertise and practicalities on overseas tax implications and benefits.

Sustainability

The SMF and ISCA will collaborate to assist Singapore companies in manufacturing and manufacturing-related industries in adopting sustainability practices and reporting.

The signing of this MOU will lead to many exciting programmes for our members! Do keep a lookout for them!