Ms Cheong Kum Foong is a Fellow (practising) member of the Institute of Singapore Chartered Accountants (“ISCA”) as well as a FCPA member of CPA Australia. She is also a Fellow member of the Chartered Secretaries Institute of Singapore as well as a Fellow of the Association of Chartered Certified Accountants. She has been admitted as Certified Internal Auditor of the Institute of Internal Auditors and ASEAN Chartered Professional Accountant by the ASEAN Chartered Professional Accountant Coordinating Committee in 2018.
Kum Foong started her professional career in 1986 with a prominent local accounting firm and was admitted as a partner in May 1990. She joined MH Cheong & Associates, subsequently renamed as MHC & Associates, DFK and now converted to MHC Partnership LLP, as a partner in March 1998.
Having worked many years in the profession since 1986, she has much experience in audit and preparation of group financial statements of small and medium size enterprises, local and listed companies in Singapore. Besides statutory financial audits, she is also involved in advisory work relating to due diligence, listing application and prospectus relating to initial public offering. She has been involved in the listing of 5 companies in Singapore.
Kum Foong’s other professional experience includes advice on new establishments, corporate liquidation, share valuation and profit forecast review. She has also been involved in designing training programmes as well as conducting seminars and in-house training courses. She has been appointed as an adjunct lecturer in Nanyang Polytechnic and an Associate Faculty in Singapore Institute of Technology since 2006 and 2012 respectively. She is also the Workshop facilitator for the Singapore QP programme since 2013. She was also appointed as a Technical reviewer of the Financial Reporting Module of the Singapore QP since early 2014.
She had served as a member to the Panel of Inquiry Committee of the Public Accountants Board from 15 March 2003 to 31 March 2004. She was also appointed as a member of the Complaints and Disciplinary Panel of the Public Accountants Oversight Committee for a term of two years from 17 June 2004 to 16 June 2006. She was re-appointed as a member of the Panel for a two-year term from 17 May 2006 to 16 May 2008 and thereafter from 17 May 2008 to 16 May 2010. The Committee was set up under the Accountants Act 2004 to assist the Accounting and Corporate Regulatory Authority (“ACRA”) in the discharge of its function. She has also been appointed in both the Hot Review and Peer Review Panel by the ISCA for the period from 1 January to 31 December 2013. In 2015, she has been appointed as a member of the ISCA Investigation and Disciplinary Panel for a term of two years. She was re-appointed as a member of the panel in 2017 for another two years term.
In 2020, she has been appointed as a member of the ISCA Public Accounting Practice Committee for a term of two years.