Executive Council President Jasmine Davis First Vice President Zelma Wilson Second Vice President Reece Chipman Secretary Darnell Osborne Asst. Secretary Basil Ingraham Treasurer Lisa Gibson-Woodside Asst. Treasurer Brent Dean
HISTORY OF
THE BAHAMAS INSTITUTE OF CHARTERED ACCOUNTANTS (BICA)
The Bahamas Institute of Chartered Accountants was incorporated on August 6, 1971. The move to form an association to oversee the development of the professional accounting industry in the Bahamas started back in 1965.
Upon completion of their professional examinations in London, England, Basil Sands, Maitland Cates and Clifford Culmer began discussions in 1965 to form an association of professional accountants in the Bahamas. Over the next several years after these three individual returned home, many others including McGregor Robertson, Ronald Atkinson, Franklyn Wilson, Don Britchford, Leslie Cropper and Barry Nottage added to the discussion. These persons eventually became an organized committee. Using information obtained from other international Institutes and their own professional experiences this Committee drafted by-laws and rules to govern the association. These
by-laws would form the basis for establishing a framework that would grow into the current structure of The Bahamas Institute of Chartered Accountants.
Over the next two decades the Institute continued its growth and the advancement of public accounting in the Bahamas. The next major milestone in the Institute's history came in 1991 with the enactment of legislation that empowered the Institute to properly regulate and govern the public accounting industry.
Important Dates:
1965
Messrs Basil Sands, Clifford Culmer and Maitland Cates commenced the formation of BICA
August 6, 1971
BICA was incorporated
1971
Mr. Basil Sands elected the first President of BICA.
1978
BICA became a member of the International Federation
of Accountants
1984
Mrs. Clarita Lockhart elected the first female President
of BICA
October 28,1988
BICA became a member of The Institute of Chartered
Accountants of The Caribbean
July 17, 1991
The Public Accountants Act 1991 was enacted by the
Parliament of The Bahamas.
