Role of the ACCA

Your editorial of 25 October relating to the collapse of CLICO and HCU raises some important points, but is based on a misunderstanding of the role of ACCA (Association of Chartered Certified Accountants). ACCA is a professional accountancy body, whose aim is to offer business-relevant, first-choice qualifications to people who seek a rewarding career in accountancy, finance and management.

Our Caribbean office, whilst based in Trinidad, supports our 22,000 members and students throughout 18 English-speaking countries in the region. We work in partnership with employers and tuition providers to develop the profession and ensure our students and members meet the needs of businesses worldwide.

Importantly, through our public interest remit, we promote the appropriate regulation of accounting and conduct relevant research to ensure accountancy continues to grow in reputation and influence. We have high standards of conduct expected of our members, who are employed in all sectors and who are required to act ethically and in the public interest at all times.

All members, affiliates and registered students are bound by a code of ethics and conduct.  Any ACCA registered student, member or affiliate who fails to comply with the code of ethics and conduct will be liable to disciplinary action.

According to the laws of Trinidad and Tobago, all auditors in practice locally must hold a practising certificate issued by ICATT (the Institute of Chartered Accountants of Trinidad and Tobago).  ICATT has the statutory mandate to develop, promote and regulate the accounting profession in Trinidad and Tobago.
 

Brenda Lee Tang
Head of ACCA Caribbean