The Cayman Islands Society of Professional Accountants has been admitted as a full member into the International Federation of Accountants (IFAC), a global association for the accountancy profession.
The announcement came at IFAC’s Annual Council Meeting, which took place last month in Seoul, South Korea. James George, CISPA immediate past president and IFAC Committee and Quality Committee chair, was in Seoul to represent CISPA.
CISPA, which has been established in the Cayman Islands since 1970, is responsible for the licensing of public accounting practitioners in the Cayman Islands. It is now the largest professional society in the Cayman Islands with over 900 members.
“CISPA’s full membership into IFAC is the culmination of many years of hard work for Cayman’s accounting profession to be internationally recognised at such a high level,” George said. “It has been our primary objective since 2007 when we were admitted as an Associate member and it has taken a further six years of effort to receive this full membership designation.”
He continued: “The acceptance of CISPA as a full IFAC member underscores the high regard held for Cayman’s accounting profession globally. IFAC is recognised as a global leader with regard to professional standards and ethics within the industry and CISPA is delighted to be part of this vital association. We are extremely grateful both to IFAC for their support and encouragement throughout the process and to CISPA members who worked tirelessly over the years to make this accreditation happen.”
Cayman, accountancy, IFAC, CISPA