Dramatic changes to accounting standards coming

The Bahamas' move to International Financial Reporting Standards (IFRS) will cause significant changes to key aspects of current accounting practices once implemented, Jonathan Tkach, senior manager at Ernst & Young LLP,?New York, USA told Guardian Business. Ktach was one of the presenters participating in Accountants' Week, presented by the Bahamas Institute of Chartered Accountants (BICA) and h...

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Accountants schooled on technical updates

As Accountant's Week draws to a close the seminar, presented by the Bahamas Institute of Chartered Accountants (BICA), saw its busiest day Thursday, with an estimated 330 accountants attending the seminar's technical update sessions, according to a BICA official. Thursday's sessions focused on the technical aspects of the profession and served to refresh and advise professionals of the current st...

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Hotels awaiting 'clarity' over VAT concerns

The hotel sector is awaiting government "clarity" with respect to a laundry list of concerns over value-added tax (VAT), with a leading stakeholder arguing that it is urgent that these matters are addressed and legislation released.
Commenting on the sector's perspective on the status of the government's VAT implementation plans, Robert Sands, president of the Bahamas Hotel and Restaurant Employer...

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Accounts Week 2013

Tuesday 12th November 2013  9:00 AM

The Bahamas Institute of Chartered Accountants ....

"ACCOUNTANTS WEEK 2013" ...'Broadening Our Expertise To Support The Changing Economic Environment.'

When: November 11th-14th, 2013

Where: Sheraton, Nassau Beach Resort & Casino

Time: 9:00-5:00 Monday-Wednesday; 9:00-1:00 Thursday

Day 1: Preparing for VAT Implementation - Presenting All the Factors *
Day 2: Building On Our Foundati...

Accounts Week 2013

Thursday 14th November 2013  9:00 AM

The Bahamas Institute of Chartered Accountants ....

"ACCOUNTANTS WEEK 2013" ...'Broadening Our Expertise To Support The Changing Economic Environment.'

When: November 11th-14th, 2013

Where: Sheraton, Nassau Beach Resort & Casino

Time: 9:00-5:00 Monday-Wednesday; 9:00-1:00 Thursday

Day 1: Preparing for VAT Implementation - Presenting All the Factors *
Day 2: Building On Our Foundati...

Bowe queries Izmirlian call to halt sale of Baha Mar

GOWON Bowe, president of the Bahamas Institute of Chartered Accountants (BICA), has questioned the basis of Sarkis Izmirlian's call for a moratorium on Baha Mar's sale to Chow Tai Fook Enterprises Ltd (CTFE), insisting concessions should not be the determining factor of whether the deal reached completion.

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The Hon. K. Peter Turnquest, Deputy Prime Minister & Minister of Finance at Accountant's Week 2020

I would like to begin by thanking the Bahamas Institute of Chartered Accountants for once again extending the invitation for me to offer remarks at the annual Accountant’s Week event...

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VAT task force introduced

The Ministry of Finance has unveiled its four-member value-added tax (VAT) education task force, which will be "instrumental" in educating the wider business community regarding compliance, registration and other issues ahead of the tax's introduction on January 1.
Minister of State for Finance Michael Halkitis announced the task force members during the Chamber Institute's inaugural VAT education...

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Auditors to have critical role under new securities bill

Auditors will have a critical role to play in maintaining the integrity of the securities industry under the new reporting responsibilities of the Securities Industry Bill 2010, headed to the House for debate.
Debate on the bill, which is expected to bring the industry up to international standards and remove some barriers to international access to Bahamas-based securities services, may start as...

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Changes coming for insurance industry

By JAMMAL SMITH
Guardian Business Reporter
jammal@nasguard.com

Changes to financial reporting methods from insurance companies in the country may be on the way with the head of the Bahamas Institute of Chartered Accountants saying the new global standards will be beneficial to the industry.
BICA President Reece Chipman spoke on the topic at the organization's seminar on the insurance industry, he...

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