Office Address
PO Box 168W, Room 29 Hastings Plaza Hastings
Christ Church, Barbados BB15150
Contact Us
LOGIN TO YOUR ACCOUNT
Office Address
PO Box 168W, Room 29 Hastings Plaza Hastings
Christ Church, Barbados BB15150
Contact Us
LOGIN TO YOUR ACCOUNT
The ICAB By-Laws define how the Institute is governed, how members are admitted or removed, and the standards of conduct expected of professionals. They are regularly reviewed to reflect best practices in the accounting profession.
The By-Laws establish the framework governing membership categories, eligibility, rights, and professional designation within ICAB.
Key Provisions Include:
Categories of Membership
Student Members
Ordinary Members
Fellows
Retired Members
Overseas Members
Life Members
Honorary Members
Eligibility & Admission
Members must satisfy qualification and experience requirements.
Applications are reviewed in accordance with established criteria.
Applicants must be in good financial standing where applicable.
Use of Designation
Members are entitled to use the professional designation in accordance with ICAB regulations.
Use of designation is subject to compliance with professional and ethical standards.
Good Standing Requirements
Payment of annual subscriptions.
Compliance with Continuing Professional Development (CPD) requirements.
Adherence to ethical and professional standards.
Cessation of Membership
Non-payment of fees beyond the prescribed period results in automatic cessation.
Resignation, disciplinary action, or other conditions outlined in the By-Laws may also result in removal from membership.
The By-Laws define the structure and governance procedures for general meetings and the election of Council members.
Key Provisions Include:
Annual General Meeting (AGM)
Held annually for presentation of reports, financial statements, and elections.
Members in good standing are entitled to attend and vote.
Special General Meetings
May be convened when necessary in accordance with the procedures outlined in the By-Laws.
Notice & Quorum
Minimum notice periods are prescribed.
A quorum must be present for valid proceedings.
Elections to Council
Council members are elected at the AGM.
Candidates must be nominated and meet eligibility requirements.
Council must comprise between 12 and 15 members.
Representation must include:
At least four members in Public Practice.
At least four members from Commerce, Industry, or the Public Sector.
Term of Office
Council members serve a three-year term from the date of election.
The Council is the governing body of ICAB and is responsible for strategic direction and oversight.
Key Responsibilities Include:
Establishing strategic objectives and policies.
Advancing, promoting, and protecting the accountancy profession in Barbados.
Overseeing compliance with the Act and the By-Laws.
Appointing committees and delegating authority where necessary.
Managing the affairs, property, and financial oversight of the Institute.
Ensuring regulatory obligations and public interest responsibilities are fulfilled.
Council operates within the authority granted by the Institute of Chartered Accountants of Barbados (Incorporation) Act and the By-Laws.
The By-Laws provide a structured framework to maintain professional standards and protect the public interest.
Key Provisions Include:
Grounds for Disciplinary Action
Professional misconduct.
Breach of ethical standards.
Non-compliance with regulatory requirements.
Investigations Committee
Reviews complaints and determines whether matters should proceed.
Disciplinary Committee
Conducts hearings where appropriate.
May impose sanctions including reprimand, suspension, or removal from membership.
Appeals Committee
Members have the right to appeal decisions in accordance with prescribed procedures.
Due Process
Members are entitled to fair hearing procedures.
Decisions are documented and communicated in accordance with governance standards.
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