ICAJ/ACCA Joint Scheme Agreement in 1965 set the stage for the Institute to mediate on behalf of students sitting examinations locally, in addition to handling their registration and all administrative queries.
Public Accountancy Act Passed in 1968 as the statute for the incorporation of the ICAJ. This was the laying of the groundwork for regulating the practice of accountancy in Jamaica.
The B.Sc. Accounting Degree Established in 1962 laid the foundation for a University based entry route to the profession. A history of how the move was initiated by Carroll Thorburn, is chronicled in; "The Institute of Chartered Accountants of Jamaica 1965 - 2000". Find this article among the publications in our Library.
The M.Sc. Accounting Degree Established in 1975 was a watershed initiative for the ICAJ. It opened up an alternative qualification route for future accountants.
The property located at 8 Ruthven Road was purchased in July 1980 to house permanent headquarters for the ICAJ. Construction of the ICAJ Secretariat commenced in 1993 and followed by the officially opening of the facilities on January 18, 1995.
The first ICAJ/ACCA student awards presented in September 1999 in recognition of those students who achieved outstanding performances in the 1990 Joint Scheme examinations. This marked the commencement of the annual ICAJ/ACCA Joint Graduation Ceremony to recognise students who successfully complete the Joint Scheme Examinations.
The ICAJ Code of Ethics was approved by Council in July 2000. It sets out standards of objectivity and independence in the practice of accountancy in Jamaica.
The ICAJ position paper, "Legal and Administrative Framework for the Practice of Accountancy in Jamaica" presented to the Ministry of Finance in 2000, paved the way for the ICAJ's designation as sole official agent of the Public Accountancy Board by the Ministry of Finance on March 7, 2001.
Official launch of the ICAJ website, www.icaj.org, in March 2001
The signing of agreement with the Association of Accounting Technicians (AAT) in 0ctober 2001 sets the stage for the ICAJ to provide services to AAT students locally.
The ICAJ adopts International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) on July 1, 2002 as Jamaica's national accounting and auditing standards.
The ICAJ hosts the 21st Caribbean Conference of Accountants under the theme, Winds of Change: Accountability in the 21st Century, at the Ritz Carlton Hotel from June 26-28, 2003. The conference was a record success attracting over 370 delegates from the Caribbean, UK, USA and Canada. The conference provided a forum for accounting professionals to examine regulatory issues and other matters affecting the profession globally.
The ICAJ signs an historic agreement with the IDB on March 21, 2003 for the provision of grant funding for a three-year technical project to assist with the implementation and compliance with ISA and IFRS locally. The ICAJ/ IDB Technical Co-operation Project was officially launched on June 11, 2004.
The ICAJ formally signs a Co-operation Agreement with the University of the West Indies (Mona Campus) on January 18, 2005. The Agreement establishes a framework for collaboration aimed at enhancing and maintaining the standard and appropriateness of the UWI MSc. Accounting Programme. Both ICAJ and UWI commit to review and monitor the MSc. Accounting programme to ensure that it meets the appropriate international accounting education standards for persons entering the accountancy profession.
ICAJ accepts the CGA designation in June 2006 as an entry qualification for accounting students. An agreement marking the introduction of the CGA programme in Jamaica and the ICAJ acceptance of the CGA designation was officially signed between the ICAJ and the Certified General Accountants of Canada on October 2, 2006.