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ICAB President Comments on the Throne Speech presented by
the Governor General of Barbados on September 15, 2020
Barbados and the rest of the world are currently grappling with the COVID-19 pandemic. As we navigate during this uncertain and disruptive situation,
ICAB will be following the implementation stages of the National COVID-19 Preparedness Plan published by the Government of Barbados (GOB).
Guidance from the Government of Barbados will continue to be monitored and protocols will be updated and communicated accordingly.
You are reminded to follow the official guidance of the GOB, the World Health Organization (WHO), and other recognised health agencies.
Until further notice our office will operate remotely.
The Institute's office number (246) 429-5678 will be forwarded to one of the members of the Secretariat, however one of the members of the Secretariat may be contacted directly as follows:
- Kathy-Ann Hewitt, Executive Director: email@example.com or (246) 243-5054
- Lesah Denny-Brathwaite, Assistant Director: firstname.lastname@example.org or (246) 231-7658
- Irene Harper, Office Assistant: email@example.com or firstname.lastname@example.org
- Mariette Philips, Secretary:email@example.com or firstname.lastname@example.org
- Althea Springer, Administrative Assistant: email@example.com or firstname.lastname@example.org
Payments may be made using one (1) of the following methods:
1. Making an online transfer to ICAB's bank account
Bank: RBC Royal Bank
Branch: Lanterns Mall
Account Holder: Institute of Chartered Accountants of Barbados
Transit #: 09545 or 00003 (differs depending on your bank)
Account #: 1104041
2. Mailing a cheque to:
C/o P.O. Box 168W
Worthing Post Office
Worthing Christ Church
Once you have transferred funds or mailed a cheque, a confirmation email stating name, date, purpose of payment and method of transmission (bank transfer/mail) should be sent to email@example.com
Our best wishes to you and your families to stay safe and healthy.
ISA 540 Auditing Accounting Estimates and Related Disclosures
IFRS Standard on leases to help lessees accounting for covid-19-related rent concessions
COVID- 19 Reference Material for Members from IFAC and other Sources
Please note that in addition to the above link, IFAC has also made available resource material
which has been sorted by topic areas (ie auditing, financial reporting…)
Deloitte IFRS in Focus Article: https://www.iasplus.com/en/publications/global/ifrs-in-focus/2020/credit-loss-covid-19
Expected credit loss accounting considerations related to Coronavirus Disease 2019 -
IAASB Staff Audit Practice Alert (March 2020) | Highlight Areas of Focus in an Evolving Audit
Environment Due to the Impact of COVID-19
AASB−AUASB JOINT FAQ - The Impact of Coronavirus on Financial Reporting and the Auditor’s
ESMA ISSUES GUIDANCE ON ACCOUNTING IMPLICATIONS OF COVID-19 - Accounting implications
of the COVID-19 outbreak on the calculation of expected credit losses in accordance with IFRS 9
ICAEW Coronavirus, going concern and the auditor’s report
ACCA practitioners discuss how they are changing the way they serve their clients in light of Covid-19
ACCA Maintaining your mental wellbeing while social distancing
CPA : https://www.icc-ccs.org/index.php/1288-coronavirus-investment-fraud-and-cyber-scam-warnings
CPA - Coronavirus: Investment fraud and cyber scam warnings
McKinsey & Company: https://www.mckinsey.com/business-functions/risk/our-insights/covid-19-implications-for-business?cid=other-eml-alt-mip-mck&hlkid=3c51ad24523e42368e748a89f1a97e3a&hctky=2665746&hdpid=5050ca14-6551-46ec-b11f-d856171a3253
McKinsey & Company - COVID-19: Implications for business
EY - Applying IFRS - Accounting considerations of the coronavirus outbreak
Deloitte - IFRS in Focus Accounting Considerations Related to Coronavirus Disease 2019
Grant Thornton COVID-19: Financial Reporting and Disclosures
KPMG - COVID-19 | Financial reporting Resource centre on the financial reporting impacts of coronavirus
PwC - Accounting implications of the effects of coronavirus
PwC - COVID-19: top 5 IFRS accounting issues for banks
PwC - COVID 19 Navigator which is a tool to help organisations assess their response capabilities to COVID-19
COVID 19 Navigator
BDO Covid-19 | The Impact on Valuations
Three of Big Four provide briefing on supply chain disruption: