May 2016 (BFSB) – The Bahamas Institute of Chartered Accountants (BICA) now recognises the Chartered Professional Accountants of Canada (CPA Canada) as an approved professional body. The BICA Act provides terms and conditions for qualified CPA Canada professionals based in The Bahamas to apply for membership and for the issuance of a license to practice public accounting. “Members of Council look forward to a cooperative relationship with CPA Canada,” says Darnell Osborne, BICA President.

Nancy Foran, CPA Canada Vice-President, International, the Americas, also welcomes the formal recognition for her organization and appreciates the spirit of cooperation from BICA. “We look forward to working with the accounting community in The Bahamas to grow and develop the profession” she says.

Foran adds that someone based in The Bahamas, wishing to obtain the Canadian CPA designation, does not need to travel outside the region to do so. The majority of the study can be done online with the few in-person sessions being offered locally. Canadian CPAs enjoy true global recognition, and currently there are over 200,000 Canadian CPAs worldwide.

This is an excerpt from Bahamas Financial Services Board as it appeared on May 24, 2016. For updates or to read the current version of this post in its entirety, please click here.

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