The new International Public Sector Financial Accountability Index 2025 Status Report, published by the International Federation of Accountants (IFAC) and Chartered Institute of Public Finance and Accountancy (CIPFA) with support from the International Public Sector Accounting Standards Board (IPSASB), highlights steady, gradual progress in governments worldwide moving from cash to accrual-based financial reporting. Accrual accounting […]

𝐁𝐞𝐡𝐢𝐧𝐝 𝐞𝐯𝐞𝐫𝐲 𝐢𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞 𝐢𝐬 𝐚 𝐜𝐨𝐦𝐦𝐢𝐭𝐭𝐞𝐞 𝐦𝐚𝐤𝐢𝐧𝐠 𝐢𝐭 𝐡𝐚𝐩𝐩𝐞𝐧. 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐫𝐨𝐥𝐞𝐬, 𝐫𝐞𝐬𝐩𝐨𝐧𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐢𝐞𝐬, 𝐚𝐧𝐝 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐭𝐨 𝐣𝐨𝐢𝐧. Join A Committee

TO: ALL CONSTITUENTS OF THE COMPLIANCE COMMISSION (Lawyers, Accountants, Real Estate Brokers, Land Developers, Dealers in Precious Metals and Stones, Pawn Shops, and Persons Acting in the Capacity of Trustee) SUBJECT: Registration with the Compliance Commission of The Bahamas The Financial Transactions Reporting Act 2018 (“FTRA”) was enacted on 25th May, 2018. The Compliance Commission […]

As we move through the year, we are excited to share with you our 2nd Quarter Newsletter, highlighting key developments, accomplishments, and upcoming initiatives that continue to shape the direction of The Bahamas Institute of Chartered Accountants. BICA 2nd quarterly newsletter – August 26, 2025

Notice- PF Guidelines

Bahamas Institute of Chartered Accountants (BICA) President Pretino Albury told Guardian Business that consideration should be given to diversifying the government’s revenue sources. Albury, in a statement sent to Guardian Business yesterday, answering queries about the budget debate in Parliament, wrote: “The 2025/26 budget marks a notable milestone for the country, projecting a balanced position for the first time […]

Dear Registrant/Licensee: Please see below a notice on behalf of The Bahamas Competent Authority. The Bahamas Competent Authority AEOI portal will open for FATCA, CRS & CbC registration & submission on Monday July 14th at 9am EST and will close on Friday August 22nd 2025 at 5pm EST. Financial Institutions with CbC reporting obligations after the close on August 22nd […]

Click each name to view photograph and short biography of Nominees! Marlique Ambrister Ada Kenriva Bethel Basil R. Bowe Gowon Bowe Carlton Cartwright Jr. Steven Tshombe Godet Vernique Henfield Derwin Higgs            

Bahamas Institute of Chartered Accountants (BICA) President Pretino Albury has warned about the rising cost of living in The Bahamas ahead of the budget communication scheduled for the end of this month. Albury, in an emailed statement to Guardian Business about BICA’s views on the upcoming budget, said: “As the government prepares to present its […]