ISCA's Partnership Model Aids Smaller Accounting Practices in Expanding Internationally
The Institute of Singapore Chartered Accountants (ISCA) is introducing a partnership model to help smaller accounting firms expand into Asian markets without the need for costly overseas offices. The initiative leverages a growing Professional Services Centre (PSC) network, connecting Singapore-based businesses with local partners in other countries. This allows small and medium-sized practices to access new markets by collaborating with established providers who handle locally regulated services. ISCA CEO Fann Kor emphasized that the model addresses an opportunity gap for smaller firms traditionally overshadowed by larger competitors like the Big Four. The partnership also includes a growing arrangement between Singaporean and Chinese accounting practices, enabling mutual support when clients enter each other's markets. ISCA’s PSC Alliance has already facilitated over 90 business connections and supported more than 100 companies. The initiative is part of broader efforts to meet the increasing demand for international expansion among Singapore-based accountancy firms.
Topics: accounting international_business partnerships small_firms_growth