An applicant must at the time of his application for registration:

a) Have passed the final examination in accountancy of one of the following:

i) The Singapore Polytechnic for the professional diploma and for the degree course in accountancy for the years 1961 to 1969;

ii) The University of Singapore for the degree of Bachelor of Accountancy;

iii) The Nanyang University of Singapore for the degree of Bachelor of Commerce (Accountancy) or Bachelor of Accountancy;

iv) The National University of Singapore for the degree of Bachelor of Accountancy or Bachelor of Business Administration (Accountancy) Degree;

v) The Nanyang Technological Institute for the degree of Bachelor of Accountancy;

vi) The Institute of Certified Public Accountants of Singapore (formerly known as the Singapore Society of Accountants) — Association of Chartered Certified Accountants of the United Kingdom Joint Scheme; including passing one of the following examination modules:

A) Paper 10: Accounting and Audit Practice;          
B) Paper 3.1: Audit and Assurance Service; or
C) P7 Advanced Audit and Assurance;

vii) The Nanyang Technological University for the degree of Bachelor of Accountancy or Master of Business Administration (Accountancy);

viii) The Institute of Certified Public Accountants of Singapore Professional Examination; or

ix) The Singapore Management University for the degree of Bachelor of Accountancy or Master of Professional Accounting; or

b) Have passed the final examination in accountancy of one of the following or its recognised equivalent:

i) The Institute of Chartered Accountants of Scotland (ICAS);

ii) The Institute of Chartered Accountants in England and Wales (ICAEW);

iii) The Institute of Chartered Accountants in Ireland (ICAI);

iv) The Association of Chartered Certified Accountants (ACCA) (formerly known as the Chartered Association of Certified Accountants); including passing one of the following examination modules:

A) Paper 10: Accounting and Audit Practice;
B) Paper 3.1: Audit and Assurance Service; or
C) P7 Advanced Audit and Assurance;

v) The Institute of Chartered Accountants in Australia (ICAA);

vi) CPA Australia (formerly known as the Australian Society of Certified Practising Accountants);

vii) New Zealand Institute of Chartered Accountants (NZICA)(formerly known as the Institute of Chartered Accountants of New Zealand);

viii) The Canadian Institute of Chartered Accountants (CICA);

ix) The American Institute of Certified Public Accountants (AICPA); or

x) The Chartered Institute of Management Accountants of the United Kingdom (CIMA), except that CIMA members shall have passed the following subjects:

A) Financial Reporting Environment;
B) Accounting and Audit Practice;
C) Advanced Taxation; and
D) Company Law and Corporate Governance, and shall have also passed such other examination and have fulfilled such other requirements as may be determined by the Oversight Committee.