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Appointments to the Accounting Standards Council

25 Jan 2018


  1. The Minister for Finance has re-appointed Mr Kevin Kwok as Chairman of the Accounting Standards Council (“ASC”). Mr Cheung Pui Yuen, a member of the ASC, has been re-appointed to the ASC, taking over from Mr Nagaraj Sivaram as the new Deputy Chairman. In addition, five new members have been appointed and nine other members have been re-appointed, for terms till 31 October 2019.


  1. Mr Cheung Pui Yuen is currently Deputy Managing Partner (Operations) at Deloitte & Touche LLP. He has more than 25 years of experience in the accountancy profession, and has served on the ASC since 1 November 2013.


  1. The five new members are:
  • Mr Choo Chek Siew
    Group Chief Financial Officer
    ComfortDelGro Corporation Limited
  • Mr Shekaran Krishnan
    Partner, Assurance
    Ernst & Young LLP
  • Mr Marcus Lam
    Partner – Head of Assurance
    PricewaterhouseCoopers LLP
  • Mr Andrew Lim
    Group Chief Financial Officer
    CapitaLand Limited
  • Mr Ow Fook Chuen
    Accountant-General’s Department

A brief write-up of the five new members can be found at Annex A.


  1. The nine re-appointed members are:
  • Mr Chan Hon Chew
    Chief Financial Officer
    Keppel Corporation Limited
  • Ms Cheng Ai Phing
    Independent Director
    Fortune REIT
  • Dr Choo Teck Min
    Associate Professor, Division of Accounting
    Nanyang Business School
    Nanyang Technological University
  • Mr Yeo Ek Khuan
    Assistant Honorary Treasurer
    Association of Small and Medium Enterprises
  • Mr Yeo Wico
    Allen & Gledhill LLP
  • Dr Ang Hak Seng
    Deputy Secretary
    Commissioner of Charities
    Executive Director, Registry of Co-operative Societies and Mutual Benefit Organisations
    Ministry of Culture, Community and Youth
  • Mr Ng Yao Loong
    Executive Director
    Markets Policy & Infrastructure Department
    Monetary Authority of Singapore
  • Mr Ong Khiaw Hong
    Chief Executive
    Accounting and Corporate Regulatory Authority
  • Mr Marvin Sim
    Registrar, Registry of Societies}
    Ministry of Home Affairs

    The full list of ASC members is at Annex B.


  1. Mr Nagaraj Sivaram is Assurance Partner at EY. He was a member of the ASC from 1 November 2009 to 31 October 2017, and served as Deputy Chairman from 1 November 2012 to 31 October 2017. He has played an important role in ASC’s policy review on convergence with International Financial Reporting Standards for Singapore-incorporated companies listed on the Singapore Exchange. He has also raised the standing of the ASC through his expertise and representations at international accounting standard-setting meetings.


  1. The Ministry of Finance welcomes the new members and would like to express our appreciation to Mr Nagaraj Sivaram for his significant contributions to the ASC.


Annexes (icon_pdf273 KB)