Accelerating the Sector’s Digital Transformation
with the Accountancy Industry Digital Plan (IDP)
The Accountancy IDP is a roadmap that guides and supports SMPs on their digitalisation journey.
The
Accountancy Industry Digital Plan (IDP) (PDF, 2.6MB) helps Small and Medium-sized Practices (SMPs) to adopt technology, enhancing their productivity and competitiveness.
It focuses on three strategies: enhancing digital skills and knowledge, promoting the adoption of technology, and developing accounting technology and innovations.
The IDP comprises a Digital Roadmap that guides SMPs on the digital solutions to adopt and the employee training to undertake at each stage of their digital development.
SMPs can visit the
SMP Centre, a one-stop portal that provides information to support their digital development. For SMPs that are keen to develop new accountancy technologies and business models, the
Accounting Technology & Innovation Centre is a valuable resource.
The Accountancy IDP was jointly developed in August 2019 by the Singapore Accountancy Commission, the Institute of Singapore Chartered Accountants (ISCA) and the
Infocomm Media Development Authority (IMDA). It is part of IMDA’s SMEs Go Digital programme, which aims to simplify the process of digital adoption for SMPs.