Cayman Islands Institute of Professional Accountants
Member | Established: 1970 | Member since 2013; Associate since 2008
CIIPA is a membership organization comprised of Student, Associate, Regular, and Practitioner Members from recognized foreign professional accountancy organizations and Registered Firms. To practice publicly in the Cayman Islands, membership of the institute as a Regular Member is mandatory. CIIPA is a Member of IFAC.
Under the Accountants Act of 2020 and supplementary regulations known as the Accountants (Disciplinary) Regulations of 2016, the Accountants (Application for Membership) Regulations of 2016 and the Accountants (Quality Assurance) Regulations of 2016, CIIPA is responsible for (i) licensing all practitioners engaged in public practice; (ii) maintaining a public register of its members; (iii) verifying initial professional development requirements of recognized foreign institutes; (iv) implementing continuing professional development requirements; (v) setting ethical requirements for members; (vi) establishing a quality assurance review system; and (vii) establishing an investigative and disciplinary system for its members.
Statements of Membership Obligation (SMO)
The Statements of Membership Obligations form the basis of the IFAC Member Compliance Program. They serve as a framework for credible and high-quality professional accountancy organizations focused on serving the public interest by adopting, or otherwise incorporating, and supporting implementation of international standards and maintaining adequate enforcement mechanisms to ensure the professional behavior of their individual members.
Methodology
Last
updated: 04/2022
We welcome feedback. Please email membership@ifac.org
Status of Fulfillment by SMO
Disclaimer
IFAC bears no responsibility for the information provided in the SMO Action Plans prepared by IFAC member organizations. Please see our full Disclaimer for additional information.
Contact
PO BOX 1577
Grand Cayman, KY1-1110
Cayman Islands
Tel: +(345) 749 3360
admin@ciipa.ky
http://www.ciipa.ky