The Board has completed its review of the Rules and Recommendations. The new Rules are a combination of IFAC’s Ethics Rules and ACCA’s Ethics Rules. Registrants are requested to review the new Rules and submit comments and feedback to the Registrar by December 15, 2016.
The Rules become effective from January 1, 2017.
On September 8, 2016 the Minister of National Security, the Hon. Robert Montague, MP, issued a Certificate indicating that the Anti-Money Laundering (AML) Guidance Notes for the Public Accountancy Board are in congruence to the Proceeds of Crime Act and embodies effective measures that Registrants should follow to prevent and detect Money Laundering.
The Public Accountancy Board (PAB) has made arrangements to establish a programme of audit monitoring of its registrants, based on international standards and best practice. These arrangements have been made through collaboration with the Institute of Chartered Accountants of Jamaica (ICAJ), the Institute of Chartered Accountants of the Caribbean (ICAC) and the Association of Chartered Certified Accountants (ACCA).