1. The Institute of Singapore Chartered Accountants (ISCA) is the national organisation of the accountancy profession in Singapore. It was established in June 1963 as the Singapore Society of Accountants (SSA) under the Singapore Society of Accountants Ordinance, then reconstituted and renamed ISCA on 11 February 1989, under the Accountants Act 1987. As of 1 April 2004, ISCA is reconstituted as a society under the Societies Act. The mission of the ISCA is “to develop, support and enhance the integrity, status and interests of the accountancy profession in Singapore”. ISCA seeks to achieve its mission by maintaining high standards of technical competence among its members; upholding the integrity and independence of the accountancy profession; enhancing the professional image and voice of the accountancy fraternity; contributing meaningfully to society through an active involvement in community service; and maintaining high standards of professionalism and productivity within the Institute’s organisation and management to better serve the needs of its members.

2. Established in 1967, the Law Society of Singapore governs the conduct of all lawyers practising in local Singapore law practices. The functions of the Law Society are set out in the Legal Profession Act (Chapter 161). Amongst the main purposes of the Society is to facilitate the acquisition of legal knowledge by members of the legal profession, maintain and improve the standards of conduct and learning of the legal profession in Singapore and assist the public in all matters touching or incidental to the law.