ISCA Forms Taskforce to Improve Financial Reporting and Strengthen Investor Confidence

SINGAPORE – Media OutReach Newswire – 11 May 2026 – The Institute of Singapore Chartered Accountants (ISCA) has launched a new Taskforce focused on improving financial reporting and enhancing investor trust in Singapore, in response to growing demands for corporate transparency, strong financial controls, and trust in capital markets.

The Strengthening Financial Reporting Taskforce was unveiled today at the ISCA Value Unlock Forum, organized in partnership with the Singapore Exchange (SGX). Led by Ms. Euleen Goh, ISCA Distinguished Lifetime Member and Chairman of the Singapore Institute of Management Group Ltd, the Taskforce will gather leaders from diverse sectors such as business, finance, academia, and investor groups to assess Singapore’s financial reporting landscape and recommend enhancements to the quality, integrity, and utility of corporate disclosures.

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The establishment of the Taskforce comes at a crucial time as Singapore ramps up its efforts to strengthen capital markets and improve the overall business environment. Recent national initiatives, including the Accountancy Workforce Review Committee and the Monetary Authority of Singapore’s Equities Market Review, have highlighted the importance of robust financial reporting, professional expertise, and investor trust.

This launch also aligns with ongoing discussions aimed at reducing compliance burdens for smaller enterprises, as indicated by ACRA’s review of Singapore’s audit exemption framework. Regardless of future changes to this framework, upholding strong financial reporting practices, capable finance professionals, and effective financial controls is essential for sustaining confidence among investors, lenders, and stakeholders.

The Taskforce will explore ways companies can better communicate their financial performance, business risks, and long-term value creation to investors and stakeholders. It will also evaluate how Singapore can maintain its high standards in governance, transparency, and accountability in a rapidly evolving business environment.

Ms. Euleen Goh, Chairperson of the Strengthening Financial Reporting Taskforce, remarked: “Financial reporting has always been the language of business. As markets evolve, it must provide clearer and more actionable insights to stakeholders who rely on it. The Taskforce will carry out a comprehensive and practical evaluation of how Singapore can elevate its standards, enabling companies to convey their value and insights with the clarity and confidence that investors and the market expect.”

The Taskforce includes notable figures from the financial landscape:

• Mr. Liew Nam Soon, Deputy Regional Managing Partner, EY Asia East; Managing Partner, EY Asean; Managing Partner, EY Singapore & Brunei
• Mr. Leong Yung Chee, Group CFO, United Overseas Bank Limited
• Professor Lawrence Loh, Director, Centre for Governance and Sustainability, NUS Business School, National University of Singapore
• Ms. Belinda Tan, CA (Singapore), Managing Director of Finance, Temasek International
• Mr. Ang Hao Yao, Vice President, Securities Investors Association (Singapore)
• Ms. Karen Loon, Member, Governing Council of the Singapore Institute of Directors
• Mr. Tan Boon Gin, CEO, Singapore Exchange Regulation (Observer)
• Mrs. Chia-Tern Huey Min, CE, Accounting and Corporate Regulatory Authority (Observer)

Mr. Lee Boon Teck, President of ISCA, stated: “High-quality financial reporting and strong financial controls are critical for nurturing investor confidence and ensuring market integrity. As Singapore’s national accountancy body, ISCA is committed to ensuring that well-trained finance and accounting professionals are pivotal in maintaining trust in the business and capital markets. This Taskforce represents our dedication to reinforcing Singapore’s role as a trusted global financial and business center.”

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The Taskforce was introduced during the ISCA Value Unlock Forum, which gathered C-suite leaders, finance professionals, and stakeholders from capital markets to discuss how companies can effectively communicate value to the market.

ISCA Academy, an Approved Training Provider under the SGX Value Unlock Programme, supported the afternoon sessions as part of the ISCA Value Unlock Series. This series is designed to empower public companies and finance leaders with practical skills to better convey performance, strategy, and value to the market.

Ms. Cyndi Pei, Chairperson of ISCA Academy, commented: “As stakeholder expectations evolve, finance leaders must increasingly articulate performance, risks, and value creation with clarity, credibility, and context that extends beyond merely reporting results. ISCA Academy is committed to supporting the profession and the broader market by developing the practical skills necessary to enhance trust, transparency, and confidence in Singapore’s capital markets.”

The Taskforce will actively connect with stakeholders in the coming months and furnish recommendations aimed at improving Singapore’s financial reporting ecosystem. Hashtag: #ISCA #CharteredAccountants #FinancialReporting #DifferenceMakers #Accounting #Accountancy

The issuer assumes full responsibility for the content of this announcement.

About the Institute of Singapore Chartered Accountants (ISCA) Academy

The Institute of Singapore Chartered Accountants (ISCA) serves as Singapore’s national accountancy entity, established in 1963. ISCA oversees the Singapore Chartered Accountant Qualification programme and is authorized by the Singapore Ministry of Finance to confer the Chartered Accountant of Singapore [CA (Singapore)] designation.

ISCA supports over 43,000 members both locally and globally, with a presence in more than 40 countries. With a growing international reach, ISCA has 12 overseas chapters, 7 offices in 10 countries, and over 150 strategic partners enhancing professional connections and opportunities across borders. ISCA is also a member of Chartered Accountants Worldwide, a global network comprising over 1.8 million Chartered Accountants and students in more than 190 countries.

ISCA promotes professional development and lifelong learning through ISCA Academy, its educational arm, while fostering community impact via ISCA Cares, its charitable initiative.

ISCA Academy, the leading business school of ISCA, provides immersive, industry-focused education across fields such as accountancy, finance, technology, governance, and leadership. We empower learners to reskill, reconnect, and reinvent themselves, ensuring they remain relevant and proactive in their careers.

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