Regulators from professional bodies from across the Caribbean came together on Friday to attend a Regional Investigation and Discipline Workshop in Miami. The workshop was a joint collaboration between ACCA (the Association of Chartered Certified Accountants) and ICAC (Institute of Chartered Accountants of the Caribbean), which aimed to strengthen the effectiveness and efficiency of the professional regulatory processes of the Caribbean institutes within their respective jurisdictions.
Taking international best practices, case law and the requirements of the International Federation of Accountants into account, the workshop covered the assessment of complaints against accountants, conducting investigations, instituting disciplinary proceedings and other regulatory action. The informative session was delivered by Michelle Lawton, Head of Investigations, ACCA and Adrianna McDonnell, Head of Adjudication, ACCA.
Sha Ali Khan, Director, Regulatory Development, ACCA who chaired the workshop said, “This was a truly collaborative effort that enabled us to share our regulatory expertise with ICAC and its member bodies across the Caribbean. ACCA is committed to delivering public value and to supporting ICAC and its member bodies.”
Anthony Pierre, President of ICAC said “This workshop was very insightful and drove home the extent to which our member bodies in the Caribbean need to modernize our approach to Investigation and Disciplinary procedures. As professional accountants we are committed to serving the public interest and this must begin with a well-regulated, fair and just approach to dealing with errant and incompetent members. The collaboration of the ACCA on this effort is greatly appreciated and valued.”