Financial Management & Audit Act To Be Reformed

Sharon Austin Top Stories

The Financial Management and Audit Act is being reformed in an effort to strengthen existing weaknesses in Government’s financial management system. This news came today from Minister in the Ministry of Finance, Ryan Straughn, as he delivered the feature address at the Annual Conference of the Institute of Chartered Accountants of Barbados (ICAB), at the Lloyd Erskine Sandiford Centre. Mr. …

State Enterprises’ Accounts Must Be Up-To-Date

Sharon Austin Top Stories

Government is seeking to have the audit of accounts of key state enterprises brought up to date by March 31, 2019, under the Barbados Economic Recovery and Transformation Program. This disclosure came today from Minister in the Ministry of Finance, Ryan Straughn, as he delivered the feature address at the Annual Conference of the Institute of Chartered Accountants of Barbados …

Accountants Urged To Embrace Digital Age

Melissa Rollock Top Stories

It can no longer be business as usual in the accounting profession. Minister of Innovation, Science and Smart Technology, Senator Kay McConney, has urged local accountants to embrace the digital age instead of seeing their profession as “being under siege by technology”. Speaking at the Institute of Chartered Accountants of Barbados (ICAB) Students’ Conference themed: Embracing Change Together this morning …

Public Sector Accountants Must Be Respected

Joy-Ann Gill Top Stories

Accountants in the public sector who obtained qualifications and designations from internationally recognised professional bodies came in for praise today, from Minister of Industry, International Business, Commerce and Small Business Development, Donville Inniss. Speaking at the start of the Public Sector Conference hosted by the Institute of Chartered Accountants of Barbados (ICAB) at Hilton Barbados, Minister Inniss acknowledged that their …

Transformational Leaders Necessary For Reform

Joy-Ann Gill Top Stories

Transformational leadership is being touted by the island’s Industry Minister, Donville Inniss, as one of the basic tenets for effective public sector reform in Barbados. Addressing today’s Public Sector Conference hosted by the Institute of Chartered Accountants of Barbados (ICAB) at the Hilton Barbados Resort, the Minister said public financial management reforms must be seen within the larger context of …

Draft Recovery Programme Soon

Sharon Austin Top Stories

The draft Barbados Sustainable Recovery Programme (BSRP) 2017 will be published shortly. This disclosure came from Minister of Finance, Christopher Sinckler, who said the plan, which dealt with the current economic challenges head on, would be targeted, inclusive, decisive and would benefit from wide public discourse. He made the comments today as he addressed the Annual Conference of the Institute …

B’dos Dollar Not On Way To Devaluation

Sharon Austin Top Stories

The Barbados dollar is not “on its way to a devaluation”! This assurance came today from Minister of Finance, Christopher Sinckler, as he addressed the Annual Conference of the Institute of Chartered Accountants of Barbados, at the Lloyd Erskine Sandiford Centre. Acknowledging that a healthy reserves position was the bedrock of maintaining the desired peg against the US dollar, Mr. …

Inniss: Economic Model Outdated

Joy-Ann Gill Top Stories

Minister of Industry, International Business, Commerce and Small Business Development, Donville Inniss, believes Barbados’ economic model is outdated, though it has served the country well. Addressing the Institute of Chartered Accountants of Barbados’ (ICAB) Student Conference today at the Lloyd Erskine Sandiford Centre, he said: “Over the past 50 years or so, Barbados’ growth and development have been based on …

Services A Viable Career Opportunity

Joyanne Kelly Top Stories

This year’s participants at the Institute of Chartered Accountants of Barbados’ (ICAB) Student Conference have been urged to see the provision of services as an opportunity to serve when thinking of charting their career paths. The appeal came today from Minister of Industry, International Business, Commerce and Small Business Development, Donville Inniss, as he addressed the ICAB event at the …

ICAB Urged To Report Irregularities

Julie Carrington Top Stories

Minister of Industry, International Business, Commerce and Small Business Development, Donville Inniss, is encouraging members of the Institute of Chartered Accountants to report any irregularities they believe may be from the proceeds of crime. He issued this challenge today while addressing the body’s International Business Workshop at Hilton Barbados Resort. He told the accountants that as professionals, they must not …