Regulators from professional bodies from across the Caribbean came together on Friday 21 September to attend a Regional Investigation and Discipline Workshop in Miami.
The workshop was a joint collaboration between ACCA (the Association of Chartered Certified Accountants) and ICAC (Institute of Chartered Accountants of the Caribbean), which aimed to strengthen the effectiveness and efficiency of the professional regulatory processes of the Caribbean institutes within their respective jurisdictions.
Taking international best practices, case law and the requirements of the International Federation of Accountants into account, the workshop covered the assessment of complaints against accountants, conducting investigations, instituting disciplinary proceedings and other regulatory action. The informative session was delivered by Michelle Lawton, Head of Investigations, ACCA and Adrianna McDonnell, Head of Adjudication, ACCA.
Sha Ali Khan, Director, Regulatory Development, ACCA who chaired the workshop said, “This was a truly collaborative effort that enabled us to share our regulatory expertise with ICAC and its member bodies across the Caribbean. ACCA is committed to delivering public value and to supporting ICAC and its member bodies.”
Anthony Pierre, President of ICAC said “This workshop was very insightful and drove home the extent to which our member bodies in the Caribbean need to modernize our approach to Investigation and Disciplinary procedures. As professional accountants we are committed to serving the public interest and this must begin with a well-regulated, fair and just approach to dealing with errant and incompetent members. The collaboration of the ACCA on this effort is greatly appreciated and valued.”
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ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, offering business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.
ACCA supports its 208,000 members and 503,000 students in 179 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 104 offices and centres and more than 7,300 Approved Employers worldwide, who provide high standards of employee learning and development. Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.
ACCA is currently introducing major innovations to its flagship qualification to ensure its members and future members continue to be the most valued, up to date and sought-after accountancy professionals globally.
Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. More information is here: www.accaglobal.com
The Institute of Chartered Accountants of the Caribbean (ICAC) was established on October 28, 1988, to represent the accountancy profession in the Caribbean. Today, with eight member bodies (national accounting institutes) and a network of approximately 4,200 accountancy professionals, the ICAC is the recognised accountancy grouping for the Caribbean dedicated to advancing the interest of accountants within the Caribbean through the promotion of internationally acceptable standards and best practices, thought leadership, research and continuing professional development (www.icac.org.jm).
An “Acknowledged Accountancy Grouping” of the International Federation of Accountants (IFAC), the ICAC is also dedicated to supporting the global objectives of IFAC and to advancing the accountancy profession within the Caribbean region.
The ICAC remains committed to upholding and promoting the fundamental values of the accountancy profession - Truth and Fairness, Integrity, Justice and Prosperity - which is embodied in its motto, Veritas et Viritus (Truth and Virtue)