The Institute of Chartered Accountants of Barbados (ICAB)
was created by an Act of Parliament on 1 November 1974. Its objectives are inter alia to promote, foster and maintain the highest standard of accounting in public practice, the public service and the commercial and industrial spheres.
is the sole regulatory body that issues practising certificates authorising accountants to sign audit reports in Barbados. ICAB ensures quality assurance and conducts practice monitoring reviews of those practising members to ensure compliance with all applicable international standards and best practices.
requires its members to adhere to its continuing professional development (CPD
) requirements and monitors the adherence to this.
Our membership is almost 2,000 strong, comprising approximately 1,047 chartered accountants and 829 registered students. Accountants’ Week
was launched by the Institute of Chartered Accountants of Barbados in November 2009 to profile and highlight the accounting profession, and its relevance to the private and public sectors of Barbados.
Accountants’ Week is celebrated annually in Barbados with the following aims:
1) Promote ICAB and its relevance within the Barbadian society.
2) Enhance public awareness of national and business issues of a financial nature.
3) Enhance public awareness of stewardship and ethical standards.
4) Enhance public awareness of the accounting profession.
5) Provide opportunities to the members for personal growth and development.
6) Provide opportunities for professional and social interaction.
7) Provide opportunities to ICAB student members for personal growth and development. 8) Promote the accounting profession as a viable career option.
9) Engage in charitable activities