How to Become a Chartered Accountant in Singapore + Salary List

  • Wecruit
  • Mar 3, 2025
  • 10.00a.m.

How to Become a Chartered Accountant in Singapore + Salary List

The main pathway to becoming a Chartered Accountant of Singapore, also known as CA (Singapore), is through the Singapore Chartered Accountant Qualification (SCAQ), administered by the Singapore Accountancy Commission (SAC). 

The key steps include:

1. Meeting the Academic Requirement: A recognised degree in accountancy or equivalent.

2. Completing the SCAQ Programme: Includes foundation, professional, and capstone modules.

3. Fulfilling Practical Experience: At least three years of relevant work experience.

4. Registering as a Chartered Accountant of Singapore: After meeting all requirements, individuals can apply for the CA (Singapore) designation.

Entry Routes: How to Become a Chartered Accountant in Singapore

Entry Routes to Becoming a Chartered Accountant of Singapore

There are three main pathways to enter the Singapore Chartered Accountant Qualification (SCAQ), depending on your academic background and professional credentials. Each route determines whether you start with the Foundation Programme (6 papers) or the Professional Programme (4 papers + 1 capstone module).

1. Accountancy Degree Holders & Undergraduates

If you are pursuing or have completed an accountancy degree from a recognised local university (NUS, NTU, SIT, SMU, SUSS):

✅ Apply for the Professional Programme

✅ Check for exemptions from Financial Reporting (FR) and Taxation (TX) modules

If your degree is from a non-autonomous university, check if it’s in the Accredited or Recognised Degree Listing:

  • Yes? → Apply for the Foundation Programme and check for module exemptions
  • No? → Additional qualifications may be required before proceeding

2. Non-Accountancy Degree Holders & Undergraduates

If your degree is in a field other than accountancy, check if it’s in the Accredited or Recognised Degree Listing:

  • Yes? → Apply for the Foundation Programme and check for module exemptions
  • No? → May require further academic qualifications before proceeding

3. Local Polytechnic Diploma Holders

If you hold an Accountancy Diploma from Ngee Ann Polytechnic (NP), Singapore Polytechnic (SP), Nanyang Polytechnic (NYP), or Temasek Polytechnic (TP):

✅ Apply for Ngee Ann Polytechnic’s Advanced Diploma in Accountancy

OR

✅ Apply for the Foundation Programme and check for module exemptions

If your diploma is not in accountancy: Apply for the Foundation Programme.

Other Professional Qualifications

If you are a full member of any of the following professional bodies:

✅ CA ANZ, CAI, ICAEW, ICAS → Apply for CA (Singapore) via Reciprocal Membership Agreements

If you are a full member of:

✅ HKICPA, Tax Academy Singapore, ISCA PE, ACCA

  • Is your degree in the Accredited or Recognised Degree Listing?

           Yes? → Apply for the Foundation Programme and check for module exemptions

If you are a CPA Australia member:

✅ Apply for CA (Singapore) via Mutual Recognition Agreement through:

Route 1: Transitional arrangement route

Route 2: Normal training route

Once eligible, you can apply for the Professional Programme and check for module exemptions.

  • Click here for the List of Universities or Institutions Recognised for Admission to Singapore CA Qualification (Foundation).

How Much Does an Accountant Earn in Singapore?

Understanding the earning potential in the accounting profession is crucial for aspiring accountants and those considering a career in this field. In Singapore, accountant salaries vary based on factors such as experience, qualifications, and specific roles within the industry.

Average Salaries

Entry-Level Accountants: Fresh graduates entering the accounting profession can expect a median starting salary of approximately SGD 3,600 per month. This figure varies slightly depending on the university attended and the specific degree obtained. For instance:

  • Graduates from Nanyang Technological University (NTU) with a Bachelor of Accountancy have a median gross monthly starting salary of SGD 3,600.
  • Those from the Singapore Management University (SMU) with the same degree have a median starting salary ranging from SGD 3,825 to SGD 4,025, depending on academic performance.

Experienced Accountants: With several years of experience, accountants see a significant increase in their earnings. According to data:

  • The average annual salary for a financial accountant in Singapore is approximately SGD 75,000.
  • Senior accountants earn between SGD 73,000 and SGD 94,000 annually, depending on their experience and the complexity of their roles.

Factors Influencing Salaries

Several factors influence an accountant’s salary in Singapore:

  • Professional Qualifications: Obtaining certifications such as the Chartered Accountant of Singapore (CA (Singapore)) can enhance earning potential. These qualifications often lead to roles with greater responsibilities and higher compensation.
 
  • Industry: Accountants working in specialised sectors like financial services or multinational corporations may command higher salaries due to the complexity and scale of their work.
 
  • Experience: As with many professions, experience plays a significant role. Seasoned accountants with a proven track record can negotiate for better remuneration packages.
 
  • Role and Responsibilities: Positions that require specialised skills or leadership responsibilities, such as financial controllers or finance directors, offer higher compensation. For example:
  • Financial Controllers: Annual salaries range from SGD 120,000 to SGD 200,000.
  • Finance Directors: Annual salaries range from SGD 185,000 to SGD 350,000.

The accounting profession in Singapore offers a rewarding career path with competitive salaries that grow with experience, qualifications, and specialisation. Aspiring accountants should consider pursuing relevant certifications and gaining experience in sectors that align with their career goals to maximise their earning potential.

Understanding Different Accounting Roles

The accounting profession encompasses various roles, each with distinct responsibilities and qualifications. Below is an overview of several key positions:

What is a Chartered Accountant?

A Chartered Accountant (CA) is a professional accountant who has obtained certification from a recognised chartered accountancy body. CAs are qualified to perform a range of accounting services, including auditing financial statements, taxation, financial advising, and management consultancy. They adhere to strict professional standards and are often required to engage in continuous professional development.

What is an Accountant?

An Accountant is a professional responsible for recording, analysing, and reporting financial transactions for individuals, businesses, or organisations. Their duties may include preparing financial statements, managing budgets, performing audits, and ensuring compliance with financial regulations. Accountants can specialise in various fields such as management accounting, tax accounting, and financial accounting.

What is a CIA Accountant?

A Certified Internal Auditor (CIA) is a certification granted to accountants who specialise in internal auditing. CIAs assess an organisation’s internal controls, risk management, and governance processes to ensure efficiency and compliance. This designation is recognised globally and is awarded by the Institute of Internal Auditors (IIA).

What does a Forensic Accountant do?

A Forensic Accountant utilises accounting, auditing, and investigative skills to examine financial records for signs of fraud, embezzlement, or other financial misconduct. They often work closely with law enforcement agencies and may provide expert testimony during legal proceedings. Their work involves detailed analysis to uncover discrepancies and support litigation cases.

What is the difference between a CPA and a Forensic Accountant?

A Certified Public Accountant (CPA) is a licensed professional who has passed the Uniform CPA Examination and met additional state certification and experience requirements. CPAs offer a wide range of accounting services, including tax preparation, auditing, and financial planning.

In contrast, a Forensic Accountant focuses specifically on investigating financial discrepancies and fraud. While many forensic accountants hold CPA credentials, their specialised work involves legal proceedings and investigative practices beyond the typical scope of a CPA’s duties.

What does a Fund Accountant do?

A Fund Accountant manages and oversees financial reports and records for investment funds, such as mutual funds or hedge funds. Their responsibilities include tracking the fund’s performance, calculating net asset values (NAV), ensuring compliance with regulatory requirements, and preparing financial statements for investors.

What is a General Ledger Accountant?

A General Ledger Accountant is responsible for maintaining and managing the general ledger, which is the central repository for an organisation’s financial data. Their tasks include recording all financial transactions, reconciling accounts, ensuring accuracy of financial data, and assisting in the preparation of financial statements.

Comparison of Accounting Roles

Quickly compare key accounting roles at a glance with this easy-to-read table, summarising responsibilities, qualifications, and work environment insights.

understanding different accounting roles

How can an Accountant help my business?

An accountant plays a pivotal role in enhancing your business’s financial health and operational efficiency. Here’s how an accountant can help your business:

1. Financial Expertise and Strategic Planning

Accountants provide critical insights into your financial status, aiding in informed decision-making and strategic planning. They analyse cash flow patterns, manage budgets, and forecast financial trends, ensuring your business remains on a path to growth and profitability.

2. Tax Compliance and Optimisation

Navigating the complexities of tax regulations can be challenging. Accountants ensure your business complies with all tax laws, accurately preparing returns and identifying deductions and credits to minimise tax liabilities. This proactive approach not only ensures compliance but also optimises your tax position.

3. Time and Resource Management

By handling financial record-keeping and administrative tasks, accountants free up your time, allowing you to focus on core business activities. This delegation enhances productivity and ensures that financial tasks are managed efficiently and accurately.

4. Risk Management and Fraud Prevention

Accountants implement robust internal controls to safeguard your business assets. They monitor financial transactions for irregularities, helping to prevent fraud and ensuring the integrity of your financial data.

5. Access to Funding and Investment Opportunities

With their expertise in financial reporting and analysis, accountants can prepare compelling financial statements and business plans that attract investors and lenders, facilitating access to necessary capital for expansion and growth.

Partner with WeCruit for Your Accounting Needs

Finding the right accounting professionals is crucial for your business’s success. WeCruit specialises in connecting businesses with top-tier accounting talent, ensuring a perfect match for your specific needs. Whether you’re seeking entry-level accountants or experienced CFOs, WeCruit’s extensive network and industry expertise make the recruitment process seamless and efficient. 

Reach out to our expert recruiters at WeCruit, you gain access to professionals who can drive financial excellence and contribute significantly to your business’s growth and stability.

Explore Accountants For Your Business

FAQ

To become a Chartered Accountant (CA) in Singapore, you need to:

  • Educational Requirements: Hold an accredited accountancy degree or complete the Singapore CA Qualification (SCAQ) Foundation Programme if you have a non-accountancy degree.
  • Professional Programme: Enroll in and complete the SCAQ Professional Programme.
  • Practical Experience: Accumulate at least three years of relevant work experience with an Accredited Training Organisation (ATO).

Upon fulfilling these criteria, you can apply for membership with the Institute of Singapore Chartered Accountants (ISCA) to earn the CA (Singapore) designation.

Accountant salaries in Singapore vary based on experience and qualifications:

  • Entry-Level Accountants: Approximately SGD 4,429 per month.
  • Senior Accountants: Between SGD 73,000 and SGD 94,000 annually.
  • Financial Accountants: Around SGD 75,000 per year.

A Chartered Accountant (CA) is a highly qualified accounting professional certified by a recognised body, such as ISCA in Singapore. CAs are experts in areas like auditing, taxation, financial management, and business advisory services.

Accountants are responsible for:

  • Recording and analysing financial transactions.
  • Preparing financial statements.
  • Ensuring compliance with financial regulations.
  • Advising on financial decisions.

 

They play a crucial role in maintaining the financial health of individuals and organisations.

Forensic accountants specialising in investigating financial fraud can earn significant salaries, especially with extensive experience and specialised skills. While specific figures vary, top-tier forensic accountants in Singapore can earn upwards of SGD 100,000 annually.

Key roles of an accountant include:

  1. Financial Reporting: Preparing accurate financial statements.
  2. Auditing: Examining financial records for accuracy and compliance.
  3. Taxation: Managing tax-related matters and ensuring compliance.
  4. Budgeting: Planning and monitoring financial budgets.
  5. Advisory: Providing strategic financial advice to support decision-making.

Senior accountants in Singapore earn between SGD 73,000 and SGD 94,000 annually, depending on experience and responsibilities.

On average, accountants in Singapore earn about SGD 53,256 annually.

Want To Know More About Our Company?
Curious What Else We Do?

Wecruit Pte Ltd (“Wecruit”) was incorporated with the idea that employment is an intimate process of human interaction.  

Contact Us

Connects

Facebook Twitter Youtube
Wecruit Pte Ltd (“Wecruit”) was incorporated with the idea that employment is an intimate process of human interaction.

Employers

Job Seekers

Contact Us

© 2025 Wecruit. All Rights Reserved.