CISPA gets Camana Bay primer

More than 300 members of the Cayman Islands Society of Professional Accountants filled the ballroom of the Ritz-Carlton Grand Cayman recently for its annual fall luncheon and business meeting.

Special guest presenters included Jackie Doak, executive vice president, and Sandy Urquhart, senior vice president of design, both of Dart Realty (Cayman) Ltd., who offered an overview of the plans and progress of Camana Bay.

The presentation was especially timely since the first commercial building at Camana Bay, housing Ernst & Young, Cayman National Bank, and London & Amsterdam Trust Company, opened on 8 November.

Camana Bay is a multi-phased 20- to 30-year urban community that will include office buildings, condominiums and luxury homes, restaurants, retail, recreational facilities, and Cayman International School, which is already in operation.

Mr. Urquhart, who has headed up the design team of architects, designers, horticulturalists and consultants, impressed even this audience of auditors and accountants with the level of thought and analysis that has gone into every aspect of Camana Bay. Everything from the palette of colour schemes to wind patterns to the integration of shade and sun effects has been modelled on computers, thoroughly analysed, and carefully considered before being implemented.

Camana Bay is being built on a people friendly scale.

Buildings have been kept limited in height and meandering walkways wend throughout the Paseo and town centre. Courtyards, canals, and water effects provide further functionality and tranquillity.

During his overview of CISPA business President Mike Mannisto said that CISPA has already begun to license public accounting practitioners in Cayman after a successful dry run programme that was launched last spring. Mike reminded all public practitioners that if they have not already submitted their application to be licensed by CISPA they need to do so quickly.

CISPA has also been focused on continuing to strengthen ties and relationships with other accounting bodies and institutes globally.

‘These relationships are becoming increasingly more important especially in the new regulatory environment that we now operate in and will also be of great benefit to our student members who are wishing to pursue and accounting designation,’ Mr. Mannisto said.

CISPA continues to place high value on training and education.

‘One of our key areas of focus in 2007 has been on our students,’ Mr. Mannisto said. ‘CISPA is proud to be officially one of the University College’s partners in education and we have been very busy strengthening our ties with UCCI.’

Other initiatives have included participation in an internship programme and UCCI’s Professional Advisory Council. A student mentoring programme and guest lecturer programme at UCCI are also planned. CISPA is also currently starting to identify how it might work in similar ways with the International College of the Cayman Islands.

In June, CISPA played a significant role in the Caribbean Financial Action Task Force’s review of the Cayman Islands and is getting ready for the next International Monetary Fund review.

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