44 Int. J. Business Competition and Growth, Vol. 4, Nos. 1/2, 2015 Copyright © 2015 Inderscience Enterprises Ltd. Singapore as an accountancy hub – a Porter’s Diamond perspective Boon Seng Tan* Institute of Singapore Chartered Accountants, 60 Cecil Street, ISCA House, 049709, Singapore Fax: (65) 6749-8061 Email: boonseng.tan@gmail.com *Corresponding author Yew Kee Ho Department of Accounting, NUS Business School, National University of Singapore, 1 Business Link, 117592, Singapore Fax: (65) 6779-2083 Email: bizhoyk@nus.edu.sg Abstract: Using the framework of the Porter’s Diamond, we examine the Committee to Develop the Accountancy Sector (CDAS) report, which outlines the vision for Singapore to be a leading accountancy hub. The application of the Porter’s framework provides clarity on the connectivity of the strategic thrusts for strategy formulations and implementations. There are two strategic thrusts which address the levers for strategy formulation and one strategic thrust which addresses the levers for strategy implementation. The analysis shows that Singapore is strong in almost all four attributes of the Porter’s Diamond. The CDAS report is an important policy blueprint to enhance these attributes via suitable strategic levers. It is an open question if the targeted GDP share outlined in the report will be achieved, but the framework shows that Singapore has strong fundamentals in becoming the accountancy hub in the region over the long run. This paper contributes to the literature on economic growth and competitiveness by examining a case where industrial policy can be guided by a framework of competitiveness. Keywords: accountancy hub; Porter’s Diamond; Committee to Develop the Accountancy Sector; CDAS; sector competitiveness; industrial policy; Singapore. Reference to this paper should be made as follows: Tan, B.S. and Ho, Y.K. (2015) ‘Singapore as an accountancy hub – a Porter’s Diamond perspective’, Int. J. Business Competition and Growth, Vol. 4, Nos. 1/2, pp.44–56. Biographical notes: Boon Seng Tan is an Assistant Director at the Institute of Singapore Chartered Accountants. His research applies microeconomic theory to investigate managerial and policy problems, and have been published in international journals in the areas of public policy, business and accounting. He has held research and academic positions in universities in Hong Kong, Singapore and the USA. He has also served in marketing and strategic planning roles in healthcare companies.