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Bahamas Institute Of Chartered Accountants
The Bahamas Institute of Chartered Accountants (BICA) is a professional body that regulates the accountancy industry in the Bahamas. In theory anyone approved by the relevant government ministry can act as an independent auditor, but in practice, all auditors are members of BICA. History BICA was formed by Maitland Cates, Basil Sands and Clifford Culmer, who were among the first Bahamians to qualify as chartered accountants in the 1960s. The Bahamas Institute of Chartered Accountants was incorporated on 6 August 1971. BICA became a member of the International Federation of Accountants in 1978, and a member of The Institute of Chartered Accountants of The Caribbean on 28 October 1988. The Public Accountants Act 1991 was enacted on 17 July 1991, empowering the institute to regulate and govern the accounting industry in the Bahamas. On 18 June 2011 BICA celebrated its fortieth anniversary with a banquet at the Atlantis Grand Ballroom. BICA has over 300 active licensees and 500 memb ...
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Nassau, Bahamas
Nassau ( ) is the capital and largest city of the Bahamas. With a population of 274,400 as of 2016, or just over 70% of the entire population of the Bahamas, Nassau is commonly defined as a primate city, dwarfing all other towns in the country. It is the centre of commerce, education, law, administration, and media of the country. Lynden Pindling International Airport, the major airport for the Bahamas, is located about west of the city centre of Nassau, and has daily flights to major cities in Canada, the Caribbean, the United Kingdom and the United States. The city is located on the island of New Providence. Nassau is the site of the House of Assembly and various judicial departments and was considered historically to be a stronghold of pirates. The city was named in honour of William III of England, Prince of Orange-Nassau. Nassau's modern growth began in the late eighteenth century, with the influx of thousands of Loyalists and their slaves to the Bahamas following the ...
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Bahamas
The Bahamas (), officially the Commonwealth of The Bahamas, is an island country within the Lucayan Archipelago of the West Indies in the Atlantic Ocean, North Atlantic. It takes up 97% of the Lucayan Archipelago's land area and is home to 88% of the archipelago's population. The archipelagic state consists of more than 3,000 islands, cays, and islets in the Atlantic Ocean, and is located north of Cuba and northwest of the island of Hispaniola (split between the Dominican Republic and Haiti) and the Turks and Caicos Islands, southeast of the U.S. state of Florida, and east of the Florida Keys. The capital is Nassau, Bahamas, Nassau on the island of New Providence. The Royal Bahamas Defence Force describes The Bahamas' territory as encompassing of ocean space. The Bahama Islands were inhabited by the Lucayan people, Lucayans, a branch of the Arawakan-Taino language, speaking TaĆ­no, for many centuries. Christopher Columbus was the first European to see the islands, making hi ...
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International Federation Of Accountants
The International Federation of Accountants (IFAC) is the global advocacy organization for the accountancy profession; mainly for the financial accounting and auditing professions. Founded in 1977, IFAC has more than 175 members and associates in more than 130 countries and jurisdictions, representing more than 3 million accountants employed in public practice, industry and commerce, government, and academia. The organization supports the development, adoption, and implementation of international standards for accounting education, ethics, and the public sector as well as audit and assurance. It supports four independent standard-setting boards, which establish international standards on ethics, auditing and assurance, accounting education, and public sector accounting. It also issues guidance to encourage high-quality performance by professional accountants in small and medium business accounting practices. To ensure the activities of IFAC and the independent standard-setting ...
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Institute Of Chartered Accountants Of The Caribbean
The Institute of Chartered Accountants of the Caribbean (ICAC) is an association of accounting organizations in the Caribbean region that promotes professionalism and standards of best practice in the region. Purpose The ICAC was incorporated as a company on October 28, 1988 under the laws of Jamaica. Aims are to promote international standards for best accountancy practices, to build a strong and cohesive Accountancy profession, and to encourage exchange of ideas and information between accountants who belong to the member bodies. The ICAC supports self-regulation based on a regional monitoring program, and encourages standardization of qualifications and professional conduct rules. The institute seeks to give leadership on issues that affect the accounting profession in the region. Activities Following the meltdown of Enron at the end of 2001, ICAC came under increasing pressure to improve oversight of the accounting industry. In July 2003 ICAC was planning to introduce a regio ...
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Institute Of Chartered Accountants Of The Caribbean
The Institute of Chartered Accountants of the Caribbean (ICAC) is an association of accounting organizations in the Caribbean region that promotes professionalism and standards of best practice in the region. Purpose The ICAC was incorporated as a company on October 28, 1988 under the laws of Jamaica. Aims are to promote international standards for best accountancy practices, to build a strong and cohesive Accountancy profession, and to encourage exchange of ideas and information between accountants who belong to the member bodies. The ICAC supports self-regulation based on a regional monitoring program, and encourages standardization of qualifications and professional conduct rules. The institute seeks to give leadership on issues that affect the accounting profession in the region. Activities Following the meltdown of Enron at the end of 2001, ICAC came under increasing pressure to improve oversight of the accounting industry. In July 2003 ICAC was planning to introduce a regio ...
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