Section 7

provide for, develop, administer, promote, coordinate, collaborate with any person (within or outside Singapore) on, or facilitate, the training, development, education, examination, assessment and certification of persons practising, or desiring to practise, in the accountancy sector and its related fields in Singapore;

provide for, administer, collaborate with any person (within or outside Singapore) on or facilitate the accreditation of any body, programme or qualification in connection with any programme, qualification, certification, specialisation or continuing professional development relating to the accountancy sector and its related fields in Singapore;

establish and administer funds in support of, to promote the growth and development of, for the advancement of competencies, expertise and professional standards in, and for the conduct and development of research relating to, the accountancy sector and its related fields in Singapore;

with the approval of the Minister, form or participate in the formation of any company, partnership or association, corporate or unincorporate, or enter into any joint venture or partnership, for the purpose of performing the Commission’s functions;

enter into any contracts or arrangements necessary or expedient for the purpose of performing the Commission’s functions;

become a member or an affiliate of any international body, the functions or objects of which are similar to or connected with those of the Commission;

provide, whether by itself or in collaboration with any person (within or outside Singapore), advisory, consultancy and informational services in relation to the Commission’s functions;

levy fees and charges for services and facilities provided by the Commission and for any other matter or thing done under this Act;

receive donations and contributions from any source and raise funds by all lawful means;

award scholarships, bursaries and training grants in fields related to the Commission’s functions;

grant or guarantee loans to officers or employees of the Commission for any purpose specifically approved by the Commission; and

provide recreational facilities and promote recreational activities for, and activities conducive to, the welfare of officers and employees of the Commission and members of their families.