About Us

The Institute of Chartered Accountants of Belize was established by the Accountancy Profession Act in November 1, 1984, with the objective to:

  1. Promote, foster and maintain the highest standards of accounting in public practice and in commercial and industrial spheres;
  2. Safeguard and enhance the professional standing, interest and reputation of its members;
  3. Maintain the highest standards of professional etiquette and ethics among its members and encourage the observance of such standards amongst non-members;
  4. Express views to the Government, public authorities, commissions of inquiry and similar bodies regarding matters affecting its members and the profession;
  5. Provide opportunities for discussion and exchange of views amongst its members;
  6. Encourage and assist in providing increased facilities for the study of accountancy and related subjects and cooperate with bodies that are in pursuit of these objectives.

The Institute is governed by a Council of seven members who are elected by members at an annual general meeting. The activities of the Institute are carried out by a Secretariat and technical sub-committees.

  • These Committees are:
  • Tax and Legislative
  • Continuing Professional Education
  • Membership and PublicityThe Institute is a member of the Institute of Chartered Accountants of the Caribbean (ICAC) , a regional accountancy body “dedicated to advancing the interest of accountants within the Caribbean through the promotion of internationally acceptable standards and best practices, thought leadership, research and continuing professional development.” Standards and Code adopted by the Institute includes the International Financial Reporting Standards and the International Standards on Auditing and Code of Ethics of the International Federation of Accountants.

23rd Annual Caribbean Conference of Accountants

The Institute of Chartered Accountants of Belize (ICAB) under the theme “2005: WE HARMONIZE” hosted the 23rd Annual Caribbean Conference of Accountants, June 23 – 25, 2005. The President of the Institute of Chartered Accountants of the Caribbean, Mr. Elson Jordan, and the Conference Chairman, Mr. Mark Hulse, conveyed the welcoming remarks.

Delegates were accommodated at the:

  • Princess Hotel & Casino
  • Radisson Fort George Hotel & Marina
  • Belize Biltmore Plaza

The actual conference site was located at the Princess Hotel & Casino and delegates were shuttled from the other hotels to the conference site. The President’s Gala and Cultural Fest was held at the Belize Biltmore Plaza. Entertainment comprised a cabaret that gave the history of the Maya Indians, the arrival of the Africans, the German & Dutch Mennonites, Chinese and Arabs; thus depicting the country as a melting pot of many races.

The first session of the Conference was a presentation on the “Regulation of the Profession” and was made by Mr. Lyle Hansfield of CGA Canada.

This was followed by sessions on:

  • “The Future of CPD, IFAC’s Requirements and How the Profession is Responding”, presented by Mr. Allen Blewitt the ACCA CEO.

Concurrent Sessions

  • “Business Continuity Planning: How Prepared must a CFO be for Potential Interruption to the Business”, presented by Mr. Bruce Scott the partner in charge of the business continuity planning practice in PricewaterhouseCoopers, Jamaica.
  • “Financing the Cricket Infrastructure 2007”, presented by, Mr. John Lee, partner at PricewaterhouseCoopers Jamaica with responsibility for the Management and Financial Advisory Services Department in Jamaica.

Afternoon sessions:

  • “The Accounting Profession Post Sarbanes Oxley (for practicing accountants)”, presented by Mr. Laurence Longe, National Managing Partner of Baker Tilly International.
  • “The Changing role of the CFO in a Post Sarbanes Oxley World (for the non-practicing accountants”, presented by Mr. John Howard of ICAEW.
  • “Practical Issues of Fair Value Accounting in Developing Markets”, presented by Mr. Kyle Rudden of KR Consulting, Trinidad & Tobago.

Saturday June 25, 2005 – The first of two sessions was:

  • “Harmonization of Accounting Standards within the Caribbean and the Implications for the CSME”, presented by Mr. David Raggay of IFRS Consultants, Trinidad & Tobago.

The President of the Institute of Chartered Accountants of Barbados, Mr. Brian Robinson, and ICAC Alternate Director, Mrs. Betty Brathwaite, did an attention-grabbing presentation on Conference 2006 to be held in Barbados over the period June 8 – 10 2005.

The closing session was on:

  • “CSME/FTAA UPDATE since its Inception”, presented by Mr. Jose Alpuche of the General Directorate of Foreign Trade, Ministry of Foreign Affairs of Belize.

Following was the closing ceremony at 11:35 am, and then the conference participants were taken to the Balam Ha Resort for a Jungle Tour, dancing & tubing down the mountains through a cave. In general, it can be concluded that the 2005 Conference was a resounding success. The presentations were relevant, interesting and delivered at a high standard. The social activities were also stimulating and refreshing.

2005 Conference Schedule and Chairman Welcome

On behalf of the 2005 Conference Committee, I invite you to come and enjoy Belize in a very relaxed and informal atmosphere.

The theme chosen is in line with the globalization trends. 2005: We Harmonize will discuss the new global methodology required for accounting reporting that will come into effect in 2005 and what effects this will have on small states, like ours in the Caribbean.


Welcome from Conference Chairman

On behalf of the 2005 Conference Committee, I invite you to come and enjoy Belize in a very relaxed and informal atmosphere.

The theme chosen is in line with the globalization trends. 2005: We Harmonize will discuss the new global methodology required for accounting reporting that will come into effect in 2005 and what effects this will have on small states, like ours in the Caribbean. The Committee welcomes any suggestions on presenters. A section on the Registration Form is available for this purpose.

Belize awaits you and your family to the conference. Come and enjoy the presentations and events in a relaxed atmosphere.

You will be kept updated on events through our Website: www.icab.bz.

Mark C. Hulse
Chairman
2005 Conference Committee
Telephone: (501) 223-2953
Fax (501) 223-2989
E-mail ten.l1566084960tb@ac1566084960esluh1566084960cm1566084960

 

 

 

2005: WE HARMONIZE

Conference Schedule

Thursday, 23rd June

1:00p.m.- 9:00p.m. Registration – Lobby of the Princess Hotel & Casino
7:30p.m.- 9:00p.m. Welcome Reception – Pool Side of the Princess Hotel & Casino

Friday, 24th June

7:00a.m. – 9:00a.m. Registration – Lobby of the Princess Hotel & Casino

9:00a.m.

Opening Ceremonies
9:30a.m. – 10:30a.m.

Presentation by Mr. Lyle Handfield
TOPIC – Regulation of the Profession

10:30a.m.-10:45a.m. Coffee Break
10:45a.m.– 11:45 p.m.

Presentation by Mr. Steven Heathcote
TOPIC – The Future of CPD, IFAC’s Requirements and How the Profession is Responding

12:00p.m.-1:30p.m.

Lunch hosted by ICAB – Princess Hotel & Casino

1:30p.m.– 2:30p.m.

Presentation by Mr. Bruce Scott
TOPIC – Business Continuity Planning: How Prepared must a CFO be for Potential Interruption to the Business

2:30p.m.– 2:45p.m. Coffee Break
2:45p.m. – 3:45p.m.

Concurrent sessions

Presentation by Mr. Laurence Longe
TOPIC – The Accounting Profession Post Sarbanes Oxley (for practicing accountants)

Presentation by Mr. John Howard
TOPIC – The Changing role of the CFO in a Post Sarbanes Oxley World (for the non practicing accountants)

3:45p.m. – 4:45p.m.

Presentation by Mr. Kyle Rudden
TOPIC – Practical Issues of Fair Value Accounting in Developing Markets.

7:30p.m.

President’s Gala – Cultural Fest – Grounds of the Museum of Belize

Saturday, 25th June

9:00a.m. – 10:00a.m.

Presentation by Mr. David Raggay
TOPIC – Harmonization of Accounting Standards within the Caribbean and the Implications for the CSME

10:00a.m. – 10:15a.m. Presentation by the 2006 Host Country
10:15a.m. – 10:30a.m Coffee Break
10:30a.m. – 11:30a.m.

Presentation by Dr. Carla Barnett
TOPIC – CSME/FTAA Update Since its Inception

11:35p.m. Closing Ceremonies
12:30p.m. Jungle Tour – Balam Ha Resort

SPOUSES/CHILDREN/GUESTS/PROGRAMME

Thursday, 23 rd June

7:30p.m.

Welcome Reception – Pool Side of the Princess Hotel & Casino

Friday, 24 th June

9:30a.m.

Depart for Tour of Western Part of Belize to experience the Mennonite and Mayan Communities

7:30p.m.

President’s Gala – Cultural Fest – Grounds of the Museum of Belize

Saturday, 25 th June

9:00 a.m.

Depart for Tour of Old Belize Virtual Museum

12:30 p.m. Jungle Tour – Balam Ha Resort

TRANSPORTATION SHUTTLE

Airport Shuttle

Transportation will be available to transport delegates arriving and departing on both American Airlines flight to their respective hotels on the 23 rd June and 26 th June respectively.

Conference Site

Transportation schedule will be made available to all participants who have accommodations at a hotel other than that of the Conference Site.

Transportation will be available for all events outside the conference site.

DRESS CODE

Belize is a very informal country and due to the weather conditions suits are worn on very rare occasions. Therefore, the following dress code as been decided upon.

PLENARY SESSIONS – Casual Smart (Shirt, no tie)
GALA – Male: Planters (Shirt and tie) Female: Cocktail
TOUR – Tropical casual (If you intend to do activities available – swim wear and hiking gear)
SPOUSES/CHILDREN TOURS – Tropical casual

 

 
Registration Details

Venue

Princess Hotel & Casino. Luxurious Waterfront Rooms & Suites + Belize’s only Las Vegas Style Casino.

Conference Fees :

US$450.00 (delegates ICAC, ICAB, ACCA, CPA, CA, CGA)
US$550.00 (non-members delegate)
US$250.00 (Spouses)
US$150.00 (Dependent Child – UP TO AGE 17 YEAR)
US$250.00 (Dependent – OVER AGE 17 YEARS)

Delegates/Spouses/ Children Fees include the following:

– All Sessions
-Welcome Cocktail/Tour
-Coffee Breaks and Lunch
-Culture Fest

Day Passes

Plenary Sessions—US$250.00
Culture Fest/Tour—US$150.00

Hotel Accommodations

Rooms have been blocked at the following hotels. Hotel availability is on a first come basis. Shuttle to Conference Site will be provided. All rooms carry a 7% Government Tax. Prices will remain in effect once the participant registers for the conference, even though arrival and departure dates may be prior to and after termination of conference.

Princess Hotel & Casino

Rates: Register before 1 Dec. 2004—Single/Double US$60.00, After 1 Dec. 2004—Single/Double US$80.00. Both rates inclusive of breakfast.

Website: www.princessbelize.com
E-mail: ten.l1566084960tb@se1566084960lasss1566084960ecnir1566084960p1566084960

Radisson Fort George Hotel & Marina

Rates: US$124.00 Club Tower, US104.00 Colonial Rooms, $94.00 Villa Room. All single occupancy $10.00 per additional person in room.

Website: www.radissonbelize.com
E-mail: ten.l1566084960tb@hg1566084960fdr1566084960

Belize Biltmore Plaza

Rates: Standard (Single/Double) US$70.00, Deluxe Room (Single/Double) US$92.00

Website: www.belizebiltmore.com
E-mail: moc.e1566084960romtl1566084960ibezi1566084960leb@s1566084960elas1566084960

 

 

 

REGISTRATION FORM
2005: WE HARMONIZE

E-mail to: ku.oc1566084960.ooha1566084960y@ezi1566084960nomra1566084960hew1566084960
Fax to: (501) 223-2989

Sign up for:

Delegates……………………………………….US$450.00 ________

Non-Delegates………………………………….US$550.00 ________

Spouse…………………………………………..US$250.00 ________

Dependent/Child……………………..US$250.00/US$150.00 ________

Day Pass – Plenary Sessions…………………US$250.00 ________

Day Pass – Culture Fest/Tour…………………US$150.00 ________

TOTAL REGISTRATION FEE _________

Name_________________________________________________________

Company______________________________________________________

Address ______________________________________________________
______________________________________________________________
______________________________________________________________

Phone ________________________ Fax ___________________________

E-Mail ________________________________________________________

Hotel Reservations Single Double

Princess Hotel & Casino

Radisson Fort George Hotel & Marina

Belize Biltmore Plaza

For Nights of ______ June to _____ June, 2005

Method of Payment

Draft

Visa

MasterCard

Credit Card # ___________________________________ Exp. Date________

Signature_______________________________________________________

Participants are required to register no later than 20 May 2005. After this, accommodations will be subject to availability at selected Hotels.

A US$50.00 cancellation fee will be applicable.

E-mail to: ku.oc1566084960.ooha1566084960y@ezi1566084960nomra1566084960hew1566084960
Fax to: (501) 223-2989

 
 

New Council Elected – 2003

The eighteenth Annual General Meeting of the Institute of Chartered Accountants of Belize was held at the Radisson Fort George Hotel on March 20, 2003.

Elected to serve on the new Council 2003 – 2004 were:
Jose Bautista President
Giacomo Sanchez Vice President
Julian Castillo Secretary
Mark Hulse Treasurer
Brett Feinstein Member
Felix Reyes Member

The eighteenth Annual General Meeting of the Institute of Chartered Accountants of Belize was held at the Radisson Fort George Hotel on March 20, 2003.

Elected to serve on the new Council 2003 – 2004 were:
Jose Bautista President
Giacomo Sanchez Vice President
Julian Castillo Secretary
Mark Hulse Treasurer
Brett Feinstein Member
Felix Reyes Member

The guest speaker at the meeting was the Honourable Eamon Courtenay, Minister of Investment and Foreign Trade who spoke about his ministry’s challenges and goals for the years 2003 to 2008 and highlighted the important areas that Accountants could play an active part.

Also, Fellowship award certificates were handed out by the Minister to the following qualifying members of the Institute: Jose Bautista FCA, Arsenio Burgos FCA, J. Julian Castillo FCA, Rene J. Blanco FCA, Clinton L. Castillo FCA, Douglas Erskine FCA, Felix Reyes FCA, Kathlyn Tillett FCA, Michael Coye FCA, Mary A. Martinez FCA, Jose L. Habet FCA, Marion Usher FCA, Thomas B. Tattersfield FCA.

2002 Report of the President and Council

Overall the year was a very good one for the Institute. The rebuilding continued and the challenge of re-establishing members’ support and confidence was met to a greater extent. Council developed firm linkages with members and members gave frequently their views, recommendations, compliments and feedback to Council.

Membership, however, decreased by two as a few members elected to have their names removed from the register of members. Nevertheless, Council is confident that as international forces compel regional bodies to partake in the protocols and rounds of the WTO, FTAA and CSME, and with the call and demand for highly trained professional accountants, it is just a matter of time before local accountants would need the acknowledgment of being a member of the Institute.

It is with this in mind that Council has been working progressively to ensure members a well-administered Institute. As a result, Council is pleased to submit this report to the members of the Institute.

Council

The Institute’s Seventeenth Annual General Meeting was held on March 20, 2002. The members duly elected to serve on the new Council for the period 2002 – 2003 were:
Felix Reyes President
Jose Bautista Vice-President
Julian Castillo Treasurer
Michael Coye Secretary
Karen Weir Member
Giacomo Sanchez Member

Committees’ Chairmen

The following Committees’ Chairmen were appointed:
CPE and Members Services Giacomo Sanchez, Deliotte & Touche
Legislation, Act & Bye-Laws Douglas Erskine, Pannell Kerr Forster
Education and Training Kathlyn Tillett
Publicity Kevin Herrera
Investigation Clinton Castillo, Pannell Kerr Forster
Disciplinary Nestor Vasquez, Vasquez & Co.

Membership Changes

Three members were admitted to the Institute during the period.

Five members were removed from the Register due to the non-payment of annual fees.
Two practising certificates were approved and one practising member retired.

Membership at year-end was forty-seven: Non-practising members 22, Practising members 25.

Student’s Affairs

The agreements relating to the ACCA technical and professional examination schemes administered by ICAB in Belize were officially signed between ACCA and ICAB. As a result, all students in Belize must be registered as a student member of ICAB as at January 1, 2003 in order to continue their ACCA program of studies.

Some forty-one students are registered as student members of the Institute.

On May 25, 2002, a student orientation and rap session was held. At this meeting, an overview of ICAB’s history, role and purpose was given, along with hands out and copies of the ACCA/ICAB joint agreements. Another meeting, sponsored by ACCA and ICAB was held on January 24, 2003 with two ACCA Representatives of Students’ affairs present. The students’ needs were noted – the main need being tutoring. ACCA and ICAB will be formulating an Action Plan to address those needs. Also, the Galen University of Cyprus, to be opened in Belize in September, 2003, has express a desire to become a Tuition Provider within their Professional Studies Department.

Student CAT/ACCA 2002 Exams Results: –

June: 49 students registered; 60% passed.
December: 51 students registered; 65% passed.

To date, four students have successfully passed all the CAT papers and, under the ACCA/ICAB partnership, Council has agreed to hold graduation ceremonies later in the year 2003.

Members CPE

Council has deferred the 2002 CPE requirements for members and has agreed that the filing of CPE returns for the year would be on a voluntary basis. Nevertheless, a CPE accredited seminar on Fraud Detection was held March 20, 2002 at the Biltmore Plaza Hotel. In the meantime, Council has been reviewing estimates and suggested programs submitted for the year 2003. Also, Council has agreed to pursue Joint CPE Seminars with other Caribbean members of ICAC through the ACCA Caribbean Offices. The ICAC’s CPE Guidelines were posted on the Institute’s website.