Tuesday 17 July, 2018

ICAB President to sit on global accounting committee

President of The Institute of Chartered Accounts of Barbados (ICAB), Andrew Brathwaite.

President of The Institute of Chartered Accounts of Barbados (ICAB), Andrew Brathwaite.

President of The Institute of Chartered Accounts of Barbados (ICAB), Andrew Brathwaite, has been appointed by the International Federation of Accountants (IFAC) to serve as a member of its Small and Medium Practices (SMP) Committee for a period of three years with effect from January 1, 2018.

Brathwaite says he is elated to have been elected and notes that SMEs and SMPs even in large developed countries are challenged by the increasing burden of regulation, and it is necessary to ensure that standards are tailored as appropriate to their needs while still being robust to achieve their objectives.

“I believe that it is vital for accountants in regions such as the Caribbean to be represented in this process. I am confident that my varied experience will permit me to make a valuable contribution to the work of the SMP committee. This experience has largely been acquired in the SME/SMP realm, and spans accounting financial reporting, auditing, standard setting and regulation of the profession,” he said.

IFAC is a global organization for the accountancy profession with more than 175 member associations in more than 130 countries and jurisdictions representing almost 3 million accountants employed in public practice, government and academia.