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Singapore, 17 May 2022 – Nexia TS is pleased to share that its Assurance Director Mr Lee Tze Shiong, has been appointed as a member of the Auditing and Assurance Standards Committee (AASC) by the Institute of Singapore Chartered Accountants (ISCA).
The committee is responsible for developing Singapore’s auditing and assurance standards, in particular by adopting auditing and assurance standards issued by the International Auditing and Assurance Standards Board (IAASB) in conformity with Singapore’s regulatory environment, and by monitoring standards-related policy and implementation issues.
AASC members are appointed to contribute their knowledge, experience and the perspectives of the community they represent, which shall be appropriately calibrated when balanced against the over-arching importance of the AASC’s public interest objectives. The AASC committee members are selected through a nomination process. The primary criterion for the selection is based on the individual qualities and abilities of the nominee.
Tze Shiong has more than 30 years of audit and advisory experience, most of which were with the large international audit firms. Prior to joining Nexia TS, he was the Divisional Director of the Public Accountancy Division of the Accounting and Corporate Regulatory Authority (ACRA). He was involved in the audit of listed and multi-national groups, initial public offerings and other audit advisory engagements.
In Nexia TS, Tze Shiong’s role includes Assurance, Quality, Compliance, Risk Management and Business Transformation. In addition to raising the standards of audit and quality management of the firm, Tze Shiong works closely with the Group CEO and Chief Innovation Officer, Mr Henry Tan in leading the firm in its digital and transformation journey.
Nexia TS’ transformation journey involves creating an innovative culture at workplace and implementing digital solutions in the firm’s processes to improve both the efficiency and effectiveness of the work flow. Under Tze Shiong’s oversight, Nexia TS collaborated with a Fintech company – Dedoco on the development of NTSign – a secured, and traceable digital signing tool developed with the use of Blockchain technology.
Group CEO & Chief Innovation Officer, Henry Tan, said: “We see the appointment of our Assurance Director as a member of the Auditing and Assurance Standards Committee (AASC) a recognition of the capabilities of our professional staff. We trust that Tze Shiong’s participation can contribute positively to maintaining and raising the auditing and assurance industry standards in Singapore.”
About Nexia TS:
Founded in 1993, Nexia TS today is recognised as an established mid-tier local accounting firm. Headquartered in Singapore, the firm has strong presence in various countries across the region. Nexia TS Shanghai is a one-stop centre providing advisory services for foreign-invested enterprises in China. NTS Malaysia and NTS Myanmar provide a full suite of corporate advisory services for clientele with operations and new foreign investments in the respective countries. Being an independent member firm of Nexia International also means that we have more than 32,000 staff serving clients at 727 offices in 122 countries. It is ranked as the top 10 largest international accounting and consulting network.
For more information, please visit www.nexiats.com.sg.
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