Please email Plan Status of Fulfillment by SMO Standards and maintaining adequate enforcement mechanisms to ensure the professional behavior of their Public interest by adopting, or otherwise incorporating, and supporting implementation of international They serve as aįramework for credible and high-quality professional accountancy organizations focused on serving the Membership Obligations form the basis of the IFAC Member Compliance Program. View Country/Jurisdiction Profile Statements of Membership Obligation (SMO) The BICA is a member of the Institute of Chartered Accountants of the Caribbean (ICAC). Institute of Chartered Accountants in England and Wales (ICAEW). The BICA does not have its own qualification program and accepts candidates from the following certifying bodies as specified in the Act:Īmerican Institute of Certified Public Accountants (AICPA) Ĭhartered Professional Accountants of Canada (CPA Canada) Īssociation of Chartered Certified Accountants (ACCA) and Licensed Practitioners have the legal authority to sign audit reports on financial statements and are required to be BICA members. General Members may use the designation of Chartered Accountant. The BICA has two membership categories: General Members and Licensed Practitioners. The Act empowers the BICA, among other responsibilities, to define professional accountants establish the requirements for entry into the profession promote the best standards of practice in financial reporting and in the expression of professional opinions establish ethical requirements carry out investigation and disciplinary processes for its members, as well as quality assurance reviews for licensees and register and license professionals wishing to practice accountancy. The Bahamas Institute of Chartered Accountants (BICA), established in 1971, regulates its accountancy profession in accordance with the BICA Act of 2015 (the Act). Member | Established: 1971 | Member since 1978
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