The ICAC Elects A New Board Of Directors
The  Institute  of  Chartered  Accountants  of  the  Caribbean  wishes  to  announce  the  election  of  its Board of Directors for the upcoming term 2021 to 2023. Mr. David Simpson, Director from Barbados, has been elected as the President while Ms. Andrea St. Rose, Director from St. Lucia, has been elected as the Vice-president...
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ACCA ICAC WORKSHOP 01News Release - ACCA and ICAC Regional I & D Workshop
Regulators from professional bodies from across the Caribbean came together on Friday to attend a Regional Investigation and Discipline Workshop in Miami.
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ACCA/ICAC WORKSHOP
Adrianna McDonnell (at podium) informs participants about the regulatory framework and discipline procedures during the regional Investigation an Discipline Workshop hosted by ACCA and the ICAC on September 21 at the Miami Airport Marriott Hotel.
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2ND CIIPA & AICPA Summit For Accounting and Finance Professionals
Scheduled for December 4-5, 2018 in the Cayman Islands. Special discount available for ICAC members.
Click here for Flyer. Find full Scheduled Here

Most Caribbean Countries Have Adopted Or Are In The Process Of Implementing IPSAS According To IFAC/ICAC Study
Nearly 60% of Caribbean countries included in a recent survey have already adopted International Public Sector Accounting Standards (IPSAS) or national accounting standards based on IPSAS, and the remaining 40% are at various stages of the implementation process according to Accrual Practices and Reform Expectations in the Caribbean.. Click Here for a version of the report. Find the full News release Here.

ICAB's President to Represent CPA Canada on IFAC Committee
Mrs. Lisa Padmore, President of the Institute of Chartered Accountants of Barbados and Committee Chair, ICAC Membership Committee has been appointed to serve as CPA Canada’s representative on the IFAC’s Professional Accountancy Organization (PAO) Development Committee. The PAO Development Committee focuses on identifying solutions to challenges facing the development of strong, sustainable accounting organizations around the world…Read More.

Guyana Chartered Accountant Appointed to IFRS Foundation SME Implementation Group
The Institute of Chartered Accountants of the Caribbean (ICAC) congratulates Rakesh Latchana, Partner at Ram & McRae, a firm of Chartered Accountants in Guyana, on his appointment as one of 11 new members on the International Accounting Standard Board (IASB) Small and Medium-sized Entities Implementation Group (SMEIG) effective July 2016. Read More.

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With a network of over 4,000 professionals, the ICAC is the region's leading organization dedicated to advancing the interest of accountants within the Caribbean..... Read More

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6 Lockett Avenue, Kingston 4
Jamaica W.I.
(876) 922-3223
(876) 818-1860 [Mobile/WhatsApp]
(876) 948-6610 [fax]
Skype: ICAC Admin

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Board of Directors

kalilDavid Simpson

ICAC President
2021 - 2023

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DsimpsonAndrea St. Rose

VICE PRESIDENT
2021 - 2023

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Mr. Sixto Coy – Jamaica

Mr. Gowon Bowe -The Bahamas

Mr. Claude Burrell – Belize

Mrs. Pramila Persaud – Guyana

Mr. Michael Lutchman - Suriname

Mrs. Denise Chinpire O’Reilly -Trinidad & Tobago

 

Alternate Directors

Mr. Diveane Bowe - Bahamas

Ms. Darshani Workman - Barbados

Mr. Brett Feinstein - Belize

Mr. Erwin Southwell - Eastern Caribbean

Mr. Vishwamint Ramnarine - Guyana

Ms. Allison Peart - Jamaica

Mr. Hans Girjasing - Suriname

Mr. Dwayne Rodrigues-Seijas - Trinidad & Tobago

 

Representatives – Affiliate Members

Mrs. Nancy Foran - CPA Canada

Mr. Tommaso Scali - CIPFA

Mr. Jim Knafo - AICPA

Mrs. Shelly-Ann Mohammed -ACCA

 

Representatives - Associate Member

Mr. Nick Haywood - Turks & Caicos Islands

Public Sector Leaders and Accountants Meet to Map Strategic Approach.

Leaders from the public sector and professional accountancy organizations from throughout the Caribbean are meeting for in Nassau to revitalize efforts to improve public sector financial management and support the region’s economic growth. 

Opening the three-day strategic dialogue, The Bahamas Minister of State for Finance, The Hon. Michael Halkitis, MP, said: “Public sector spending comprises a significant proportion of Caribbean gross domestic product.

Given the sums involved, it’s vital that we get our houses in order. Our regional economy depends on us making wise spending decisions based on accurate information. Enhanced public financial budgeting, accounting, and reporting, based on accrual accounting, will enable us to shine a light in every corner of our finances, and help bring sustainability to government expenditure, and the communities we serve.”

Sponsored by The Bahamas Government and donor partner CPA Canada, and hosted by the Institute of Chartered Accountants of the Caribbean (ICAC), the International Federation of Accountants® (IFAC), and the World Bank, the groundbreaking gathering was convened to bring closer inter-governmental collaboration, and strengthen relationships between public sector leaders and the accounting profession.

ICAC President Jasmine Davis, welcoming delegates, commented: “The accountancy profession possesses strong skills to help our peers working in government build confidence in public sector finances. We wholeheartedly support their efforts to better integrate our region with the global economy—a task that can only achieve its full potential when capital markets, investors and our own citizens know that our government finances are based on solid foundations.”

IFAC Chief Operating Officer Alta Prinsloo, said: “The last global financial crisis highlighted the inherent weaknesses of heavily indebted governments around the world, including in the Caribbean. Managing and forecasting public revenues and expenditure, and controlling fiscal imbalances, can only be achieved via robust accounting practices. Via our Accountability. Now. campaign, we are delighted to support this exciting event that will stimulate intensive communication, consultation, and collaboration across the Caribbean governments, the accounting profession, and international partners including the World Bank.”

Samia Msadek, Director of the World Bank Group’s Governance Global Practice emphasized that strong public financial management is critical to national success and prosperity. “How governments manage taxation, borrowing, and spending is essential to economic growth, to poverty-reduction, and to ensuring that the Caribbean’s residents can improve their lives through inclusion and shared prosperity,” she said.

The three day invitation-only roundtable discussions will cover regional economic, social, and business imperatives; public financial reporting reforms (regional and international perspectives); engaging stakeholders; challenges of the accountancy profession in the Caribbean and capacity-building strategies; and technical training on latest developments in International Public Sector Accounting Standards.

Media contacts: Jasmine Davis, ICAC President, Cell (242) 477-0500/email: This email address is being protected from spambots. You need JavaScript enabled to view it. Misha Lobban Clarke, ICAC CEO, Cell (242) 230-5724/email: This email address is being protected from spambots. You need JavaScript enabled to view it.

About ICAC

Since its establishment in 1988, the Institute of Chartered Accountants of the Caribbean has provided a forum for the advancement of the accountancy profession in the Caribbean. Today, with a network of approximately 3,700 professionals, the ICAC is the leading regional organization dedicated to advancing the interest of accountants and professionals in the finance industry within the Caribbean through the promotion of internationally acceptable standards and best practices, thought leadership, research and continuing professional development. In 2006, the ICAC was recognized as an “Acknowledged Regional Grouping” of IFAC. www.icac.org.jm

About the World Bank Group

The World Bank Group is a development finance institution that provides financial and technical assistance to developing countries around the world. Its mission centers around two main goals: Ending extreme poverty by 2030 by decreasing the percentage of people living on less than $1.90 a day to no more than 3 percent, and promoting shared prosperity by fostering the income growth of the bottom 40 percent for every country. The World Bank Group is headquartered in Washington, DC, and has more than 10,000 employees in more than 120 offices worldwide. www.worldbank.org

About IFAC

IFAC is the global organization for the accountancy profession, dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. It is comprised of more than 175 members and associates in 130 countries and jurisdictions, representing almost 3 million accountants in public practice, education, government service, industry, and commerce. Accountability. Now. is an IFAC initiative to help drive awareness of the critical need for high-quality, transparent, comparable public sector financial reporting, and the importance of engaging citizens in the process of holding governments to account. www.ifac.org and www.accountability-now.org

 

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