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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 mem ...
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Nassau, Bahamas
Nassau ( ) is the capital and largest city of The Bahamas. It is on the island of New Providence, which had a population of 246,329 in 2010, or just over 70% of the entire population of The Bahamas. As of April 2023, the preliminary results of the 2022 census of The Bahamas reported a population of 296,522 for New Providence, 74.26% of the country's population. 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 and from major cities in Canada, the Caribbean, the United Kingdom and the United States. 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 Or ...
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Bahamas
The Bahamas, officially the Commonwealth of The Bahamas, is an archipelagic and island country within the Lucayan Archipelago of the Atlantic Ocean. It contains 97 per cent of the archipelago's land area and 88 per cent of its population. It comprises more than 3,000 islands, cays and islets in the Atlantic Ocean, and is located north of Cuba and north-west 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 and largest city is 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 Arawak and Lucayans, a branch of the Arawakan- speaking TaĆ­no, for many centuries. Christopher Columbus was the first European to see the islands, making his first landfall in the "New World" in 1492 when he landed on the ...
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International Federation Of Accountants
The International Federation of Accountants (IFAC) is the global organization for the accountancy profession. Founded in 1977, IFAC has 180 members and associates in 135 jurisdictions, representing more than 3 million accountants in public practice, education, government service, industry, and commerce. 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 Ethics is the philosophy, philosophical study of Morality, moral phenomena. Also called moral philosophy, it investigates Normativity, normative questions about what people ought to do or which behavior is morally right. Its main branches inclu ..., auditing and assurance, accounting education, and public sector accounting. It also issues guidance to professional accountants in small and ...
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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 regi ...
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