Revised Laws of Saint Lucia (2023)

Schedule

(Section 3)

AGREEMENT ESTABLISHING THE INSTITUTE OF CHARTERED ACCOUNTANTS OF THE EASTERN CARIBBEAN

ARRANGEMENT OF ARTICLES

ARTICLE

PREAMBLE

PART I
PRELIMINARY

PART II
ESTABLISHMENT AND PURPOSES OF THE INSTITUTE

PART III
MEMBERSHIP

PART IV
MANAGEMENT OF THE INSTITUTE

PART V
MEETINGS OF THE INSTITUTE

PART VI
DISCIPLINARY PROCEDURE

PART VII
MISCELLANEOUS

PREAMBLE

An Agreement made on the ............................... day of November, 2000 to provide for the establishment of the Institute of Chartered Accountants of the Eastern Caribbean and for the regulation of the practice of accountancy and for purposes incidental thereto or connected therewith.

WHEREAS it is desirous—

1.  

   (a)     to provide greater coherence and clarity in the structure and organisation of the accounting profession in the states that are parties to the Treaty establishing the Organisation of Eastern Caribbean States (OECS member states);

1.  

   (b)     to define a clear category of persons who are competent to conduct audits;

1.  

   (c)     to provide a forum for academic accountants to share research into accounting theory;

1.  

   (d)     to establish a framework to institute disciplinary procedures, regulate the accounting profession in the OECS member states with a view to instituting a system of peer review and maintaining high standards of professional practice;

1.  

   (e)     to establish a membership structure with clear categories and appropriate designations which reflect the qualification, competence and experience of members;

1.  

   (f)     to institute a programme of relevant support for members and students of accountancy encompassing continuing education, training schemes, validating qualifications, and issuing certification; and

1.  

   (g)     to provide an engine for communication and co-operation amongst persons in the accounting profession in the OECS member states.

It Is Hereby Agreed as follows: