Region Urged to Adopt International Public-sector Accounting Standards

The Institute of Chartered Accountants of the Caribbean (ICAC) is calling for regional heads of government to adopt the International Public Sector Accounting Standards (IPSAS).

These are a set of accounting principles issued by the IPSAS Board for use by public-sector entities around the world in the preparation of financial statements.

“The accounting profession is very much bent on the implementation of the international best practices,” said president of the ICAC, Anthony Pierre.

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