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AFFILIATIONS OF THE
ICAJ - The ICAC
The mission of The Institute of Chartered Accountants of the
Caribbean (ICAC) is, the development and enhancement of the
Accountancy profession in the region, to enable it to provide
service of consistently high quality in the public interest.
The Institute of Chartered Accountants of the Caribbean (ICAC) was
formally established under the laws of Jamaica and incorporated as a
Company on October, 28, 1988.
It brought together the accountants of the English speaking
Caribbean.
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The Institute is made up of several committees,
with each playing a vital and significant role in the efficient and
effective running of this body.
The role of the Technical committee is even more critical as the
main objective of this committee is to
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- streamline Accounting and Auditing
Standards within the region in accordance with
international standards.
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In a bid to achieve the foregoing the Institute
commissioned the Institute of Chartered Accountants of Barbados (ICAB)
to develop and circulate checklists within the territorial
Institutes on the following:
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- the modifications made to the
International Accounting Standards (IAS) and
International Standards on Auditing (ISA) by the
respective Institutes; and
- the numbers of practising members in
each territory. The latter is being sought in order to
assess the feasibility of instituting the Peer Review
Programme.
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The checklists were circulated in November
1998, and to date only two of the Institutes have not responded. The
Committee will actively follow up the outstanding responses in an
effort to complete its report to ICAC.
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Back to ICAJ Affiliations.
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Student Matters
