Accountant concern on 'whistleblower' condition

Thu, May 5th 2011, 11:00 PM

By ALISON LOWE
Business Reporter

alowe@tribunemedia.net

Accountants raised concerns yesterday about the extent to which the new Securities Industries Act creates a legal requirement on them to dismiss "accountant/client protection" and act as "whistleblowers" on clients who they suspect to be in breach of the law.

Further concerns were expressed by the president of the Bahamas Institute of Chartered Accountants (BICA), Reece Chipman, about who the Securities Commission of the Bahamas (SCOB) will consider "an approved auditor" for the purposes of having its licensees comply with the Act.

These points and others were raised during a 'lunch and learn' event ho ...

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