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Institute of Chartered Accountants of the Caribbean

22nd Annual Conference of Accountants


The 22nd Annual Caribbean Conference of Accountants was hosted by the Institute of Chartered Accountants of St. Lucia (ICASL) under the theme "Adapting to the Changing Faces of the Accounting Profession Expectations".

The 2004 Conference was a resounding success and the ICAC believes the following features are worthy of special mention:

  • The attendance of both Her Excellency, the Governor General of St Lucia, Dame Pearlette Louisy, and the Prime Minister of St Lucia, the Hon. Dr Kenny Anthony, at the opening Ceremony, and Her Excellency also at the Presidential Dinner.
  • Relevant and stimulating topics presented by knowledgeable and high profile individuals.
  • The eloquence and wittiness of the Master of Ceremony, Mr. Richard Peterkin.
  • The selection of an exquisite venue - The Sandals Grande Beach Resort & Spa, Pigeon Island, St. Lucia.
  • The impressive cultural entertainment package at the President's Dinner.

The Welcome Remarks were conveyed by Mr. Elson Jordan, the President of the Institute of Chartered Accountants of the Caribbean and Mr. Frank Myers, the President of the Institute of Chartered Accountants of St. Lucia.

The Opening Address was delivered by Hon. Dr. Kenny Anthony Prime Minister, who is also St Lucia's Minister of Finance, International Financial Services, Economic Affairs & Information. Sir K. Dwight Venner, Governor of the Eastern Caribbean Central Bank, delivered the feature address. The representative of the Association of Chartered Certified Accountants (ACCA) to ICAC's Board, Mr. Michael Sleigh delivered an address on behalf of Allen Blewitt, the Chief Executive of ACCA. The Conference was fully subscribed recording 320 delegates well in excess of the 250 budgeted participants. Delegates were accommodated at the following hotels:

  • Bay Gardens Hotel
  • Bay Gardens Inn
  • Rex St. Lucian Hotel
  • Royal St. Lucian Hotel
  • Caribbean Jewel Resort

The actual Conference site was located at the Sandals Grand Beach Resort and Spa and delegates were shuttled to and fro. The President's Dinner was also held in the hall of the Sandals Beach Resort. Entertainment comprised:

  • A Folk Party - a melee of local culture
  • A modeling show which showcased the designs of Chazi Chalon, a local designer
  • Paul Keens- Douglas, a well known Caribbean personality and
  • Barbara Cadet, a saxophonist.

The first session of the Conference was on the topic, "The Accountant as General Manager -The changing role of the Financial Controller" and was presented by Mr. Nicholas Gomez, Ernst & Young Caribbean, Trinidad.

This was followed by sessions on:

  • "An Overview of the Recent Improvements to the International Accounting Standards" presented by Mr. Anthony De Bell, PricewaterhouseCoopers, United States.
  • "Ethics and Integrity in the Accounting Profession in the Caribbean" presented by Dr. James Gaa, University of Alberta, Canada.

The mid afternoon sessions covered:

  • "Human Capital Management" presented by Mr. L. Anthony Watkins, Odyssey Consulting, Trinidad & Tobago.
  • "A Framework for Self Regulation of the Accounting Profession in the Caribbean" presented by Mr. Sha Ali Khan, Head of Monitoring and Supervision at the ACCA.

The final session of the day was:

  • "IASB Insurance Project" presented by Mr. Alex Ashwal, Deloitte & Touche LLP, United States.

Saturday June 19th commenced with sessions on:

  • "Caribbean Single Market and Economy" presented by Mr. Timothy Odle - Deputy Programme Manager; Services, CARICOM Secretariat, Guyana.
  • "A Strategy for Fraud Prevention and Detection" presented by Mr. Derek Rostant - KPMG LLP, Canada.

The closing session was on:

  • "Corporate Governance - Functions of the Board and the Role of Audit Committees" presented by the following individuals;
    - Dr. Emily Dick-Forde, University of the West Indies, Barbados
    - Dr. Michelle Causton, Canadore College, Canada.

In general, it can be concluded that the 2004 Conference was delivered at a very high standard. The presentations were relevant, stimulating and matched the "best in class".

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