|
| The Insolvency Practitioners Association of Singapore Limited (IPAS) was incorporated as a company limited by guarantee on 12 April 2005 with the Institute of Certified Public Accountants of Singapore (ICPAS) and the Law Society of Singapore (Law Society) pursuant to the recommendations of the Company Legislation and Regulatory Framework Committee.
The members of IPAS are ICPAS and the Law Society.
IPAS was set up to among other things provide a corporate identity and an organisation for insolvency practitioners and finance and other professionals; to set standards for the insolvency profession; to provide training and continuing professional development to insolvency professionals; to advance the status and interest of insolvency professionals; to protect the character of the insolvency profession; and to frame and establish rules for observance in matters pertaining to codes of professional conduct and practice and the award of certificates and qualifications. It also aims to regulate and exercise professional supervision over insolvency practitioners, associates, fellows and students of IPAS.
|
| Our Objectives include: |
- To provide a corporate identity and an organisation for insolvency professionals; to support and advance the status and interest of insolvency professionals; to protect the character of the insolvency profession ("the profession"); to exercise professional supervision over the members, associates and fellows of the Company; to frame and establish rules for observance in matters pertaining to codes of professional conduct and practice and the award of certificates and qualifications.
- To provide recognised qualifications for persons who are employed or otherwise engaged in insolvency or financial duties in commercial, industrial, public sector, non-profit organisations or in the offices of practising accountants or advocates and solicitors; and to promote in the public interest the technical competence of persons who are granted such qualifications.
- To provide a means for considering questions affecting the interests of the profession; to initiate, watch over, petition and take whatever action may seem desirable in relation to legislative or other measures affecting the profession.
- To provide means by examination or otherwise for assessing the knowledge, experience and character of candidates for admission as an associate or fellow.
- To encourage the study of the theory and practice in subjects allied or related to the work performed by insolvency professionals and to the profession; and for that purpose to conduct classes, hold courses or otherwise provide facilities and opportunities for the training, instruction, education and development of insolvency professionals; to promote a forum for discussions; to hold seminars, workshops, conferences and meetings for the reading of papers and the delivery of lectures; and for the acquisition and dissemination by other means of information connected with or of interest to the profession.
- To form a library for the use of members, associates, fellows and
registered students; and to collect collate and publish information of
service or interest to members, associates and fellows of the Company;
to provide information on technical developments; news about the
Company, views and opinions of members, associates, fellows and
registered students or to advance the objects of the Company.
|
| Our Founder Members |
- The Institute of Certified Public Accountants of Singapore (ICPAS) 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 the ICPAS on 11 February 1989, under the Accountants Act 1987. As of 1 April 2004, ICPAS is reconstituted as a society under the Societies Act. The mission of the ICPAS is "to develop, support and enhance the integrity, status and interests of the accountancy profession in Singapore". The ICPAS 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.
- 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.
|
| Our Board of Directors |
- Mr Don Ho Mun-Tuke
Chairman
(representing the Institute of Certified Public Accountants of Singapore)
- Mr Andrew Chan Chee Yin
Deputy Chairman
(representing The Law Society of Singapore)
- Mr Chan Ket Teck
Honorary Treasurer
(representing the Institute of Certified Public Accountants of Singapore)
- Mr Ang Peng Koon Patrick
(representing The Law Society of Singapore)
- Mr Subramaniam Iyer
(representing the Institute of Certified Public Accountants of Singapore)
- Mr Ramesh Kannan
(representing The Law Society of Singapore)
- Mr Tam Chee Chong
(representing the Institute of Certified Public Accountants of Singapore)
- Mr Gregory Vijayendran
(representing The Law Society of Singapore)
|
| Our Secretariat |
Insolvency Practitioners Association of Singapore Limited
c/o Institute of Certified Public Accountants of Singapore |
| Address |
: 20 Aljunied Road #06-02 CPA House Singapore 389805 |
| Tel |
: 6749 8060 |
| Fax |
: 6749 8061 |
| E-mail |
: technical@icpas.org.sg |
| Contact Persons: |
: Ms Elaine Kong
Ms Lin Hui Jing |
|
| Our Logo |
|
Extract from Speech of Mr Don Ho, Chairman of IPAS at the Official Launch of IPAS and Inaugural IPAS Conference on 2 November 2006:
"...We believe that the initials “I.P.A.S.” will guide and remind us constantly that Integrity, Professionalism, Ability and Skills are critical elements for practitioners to observe in the administration of insolvency and restructuring exercises. IPAS has chosen the colours red/yellow and black in the design of its logo which will be launched today. I believe that the logo and the colours reflect a certain vibrant/modernistic and forward looking energy and attitude, which should augur well for the future of IPAS.
Someone did remark that the logo reflects through its simplicity a no-nonsense, straightforward and professional approach especially in the just equitable administration of insolvency and restructuring cases. Someone else also remarked (perhaps tongue in cheek) that the colours chosen does aptly describe the phases a financially troubled corporation or individual goes through. For instance, the colour red signifies the financial distress because the accounts are in the red. The colour yellow signifies the paleness that is felt all around while the company or individual tries to recover. Finally, black signifies the accounts coming into the black hopefully through professional and skillful administration and advice by our insolvency practitioners..." |
|
|
