The Institute of Chartered Accountants of Guyana (ICAG), a professional body in Guyana is headquartered in Georgetown. The institute formed under the Institute of Chartered Accountants of Guyana Act 1991, controls the accountancy industry and promotes ongoing training of its members. Until then the accountancy professionals in Guyana were part of the UK-based Association of Certified Corporate Accountants. It was on 11 July 1974 the organization changed its name to The Institute of Chartered Accountants of Guyana. At present the institute is part of the Institute of Chartered Accountants of the Caribbean (ICAC) and the International Federation of Accountants (IFAC).
The institute has adopted the following standards and codes for application by its members:
· IFAC Code of Ethics
· International Financial Reporting Standards (IFRS)
· International Standards on Auditing (ISAs)
ICAG and the Association of Chartered Certified Accountants (ACCA) have a joint examination scheme. The Association of Chartered Certified Accountants (ACCA) monitors and sends report on behalf of ICAG to an independent Regulatory Committee for review and action. Membership of ICAG will help you gain individual membership to any one of the following institutes; Institute of Chartered Accountants in England and Wales, Institute of Chartered Accountants in Ireland, Institute of Chartered Accountants in Scotland, The Canadian Institute of Chartered Accountants, The Association of Chartered Certified Accountants and The American Institute of Public Accountants.
The institute monitors discipline and professional conduct of its members by enforcing a strict standard of professional ethics. The institute meets its goal through training, education and examination of those in the field of accountancy.