Auditors and the Law

For information only: Owners may find this of interest.

Website: www.bica.bsP.O. Box N-7037 PUBLIC NOTICE

NOTE: The Public Accountants Act, 1991 empowers the Council ofThe Bahamas Institute of Chartered Accountants (“The Institute”) to issue licences to persons qualified as Public Accountants in The Bahamas.The Act stipulates that “no person shall hold himself out as a public accountant or engage in public practice unless he is the holderof a valid licence” Any person who contravenes this provision is guilty ofan offense and is liable, on summary conviction, to a fine, imprisonment orboth. Only persons licenced by the Institute areeligible to perform auditing services and issue writtenopinions, reports and certificates concerning financial statements ordata for the purpose of enhancing the credibility of the statementor data. Public Notice is hereby given that only persons listed below have beenLicenced by the Institute to practice as public accountants until31 December 2007. Persons excluded from this list should neitherhold themselves out as public accountants nor engage in such practice.Persons who do so will be subject to prosecution.