The Institute of Chartered Accountants of Sierra Leone (ICASL) was founded on 12 May 1988. Only this professional accountancy body has the authority to certify the Chartered Accountants in Sierra Leone. A member of International Federation of Accountants (IFAC), ICASL sets standards of knowledge and skills of accounting professionals in the country. Currently, there are 103 registered members in the institute. The administration and management of ICASL is taken care by an 11-member Council.
There are six standing committees of the council to run the administration smoothly. The committees are:
To become a member of ICASL, a person should have:
Major responsibilities of ICASL consist of:
The institute also conducts Continuing Professional Development (CPD) Events which the members have to undertake to retain their membership with ICASL. The members gain units while attending numerous professional and social activities such as seminars, technical sessions, annual dinner and official recognition ceremony, the beach party, and official lunches. The members have to gain at least 40 units every year.