The Institute of Chartered Accountants of Jamaica (ICAJ), headquartered in Kingston is a professional accountancy body in Jamaica. It is the one and only organization in Jamaica entitled to award the Chartered Accountant designation. ICAJ was formed on 18 January 1965 and incorporated under the Public Accountancy Act (PAA), 1968. This act regulates both the Accountancy profession and the use of Accountancy designations in Jamaica.
In 1962 the institute opened an entry route to the accounting profession by establishing the B.Sc. Accounting Degree, followed by the establishment of the M.Sc. Accounting Degree in 1975. In July 2000, Council approved the Code of Ethics submitted by ICAJ. The Ministry of Finance designated ICAJ as the sole official agent of the Public Accountancy Board on 7 March 2001. ICAJ launched its official website, www.icaj.org, in March 2001.
ICAJ declared International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) as Jamaica's national accounting and auditing standards on 1 July 2002. ICAJ encourages the enhancement of knowledge, skill and proficiency of its members. It regulates the discipline and professional conduct of its members and students too!
The institute signed an agreement with the Association of Chartered Certified Accountants (ACCA) and the Association of Accounting Technicians (AAT). ICAJ conducts local examinations for the ACCA qualifications and extends its services to the local AAT students. In order to ensure the university’s M.Sc. program meets international standards, ICAJ and the University of the West Indies (Mona Campus) signed an agreement in January 2005. ICAJ hosted the ICAC annual meeting in 2003 and 2011.