There are currently seven regional committees, which have been established for the functional areas of Education &Joint Seminar, Membership, Technical, Taxation, Publicity and Public Sector Financial Management.
The Public Sector Financial Management Committee was established in June 2016 with a mandate to support the ICAC’s strategic goal to promote IPSAS and its benefits in enhancing effective public sector financial management and accountability in the Caribbean. The Committee’s objectives include engaging governments, the accountancy profession and other key stakeholder groups across the region, with a view to promoting improved public sector accounting and public financial reporting reform. The Committee also exists to support the efforts of member bodies in the region in promoting the importance, value, and benefits of high quality public sector financial management within their respective jurisdiction.
The Regional Monitoring Committee has been tasked with the responsibility to oversee the administration of the regional practice monitoring programme, which is intended to enhance the capacity of the accountancy profession.
The Technical Committee seeks to encourage the adoption of International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA) and the harmonization of internationally acceptable standards within the region. The Committee is also responsible for reviewing and providing comments on standards being developed or issued by international standard setting bodies and to encourage adoption and implementation by the accountancy profession in the region.
The regional committees and their coordinating Institutes/Chairpersons for the 2016-2017 period are:
| # | Regional Committee | Member Institute | Chair |
|---|
| 1 |
Public Sector Financial Management Committee |
Eastern Caribbean |
Andrea St. Rose, ICAC Secretary & Director |
| 2 |
Regional Monitoring Committee |
Trinidad & Tobago |
Denise Chinpire O’Reilly, Director |
| 3 |
Technical Committee |
Bahamas |
Gowon Bowe, ICAC Treasurer & Alternate Director |
ICAC Regional Committees and Terms of Reference
The regional committees of the ICAC were established to facilitate the implementation of the Institute’s strategic goals and objectives and in an effort to ensure broad-based representation and participation, each member body (national institutes) is invited to nominate a representative to serve on the ICAC regional committees. For a complete list of ICAC Committees and Representatives... ICAC REGIONAL COMMITTEES & TASKFORCE - 2017-2018
