The Cayman Islands Society of Professional Accountants has elected a new president and council. Jeff Short, a partner with Ernst&Young, was confirmed as president at CISPA’s annual general meeting on 21 January at the Ritz-Carlton, Grand Cayman.
CISPA members also elected James George as vice president, John Ferrari as treasurer and Mike Mannisto as secretary.
The newly elected council members are Terry Carson, Anthony DeAngelis, Arthur Dzaghouni, Sheenah Hislop, Norm McGregor, John Lewis, Frazer Lindsay, Roy McTaggart, Graeme Sunley, David Walker and Baron Jacob.
Past president Norm McGregor summarised a successful year for CISPA that included ongoing work on the implementation of an auditor oversight body in cooperation with the government, CIMA and the Canadian Public Accountability Board, which is set to continue this year.
CISPA, an associate member of the International Federation of Accountants, is also on track in its efforts to obtain full membership of IFAC, Mr. McGregor noted.
The organisation further moved ahead in its cooperation with ICCI and UCCI to maintain “a cohesive interface between the industry and academia” and the CISPA annual gala, which celebrated 24 young Caymanians gaining their accounting degrees or professional qualifications “was a resounding success”, he said.
Mr. McGregor also recognised Rohan Small, Simon Whicker and Charles Bolland, who stepped down as councillors for their commitment and guidance over the years.
Mr. Short, the new CISPA president, underlined the importance of CISPA, which, founded 40 years ago, is not only one of the first professional organisations in Cayman, but has also grown to become one of the largest with over 900 members.
“Today our profession is increasingly called upon to assist in many areas, such as advising on new legislation,” he said. As an organisation charged with regulating the profession, licenses for accounting practitioners here in Cayman CISPA has wide responsibilities that he will be focusing on in the coming year, Mr. Short added.
In terms of education and training this includes continuing to support and strengthening ties with UCCI, ICCI and all of the local schools. “Good relationships have been beneficial to schools, to their accounting students and to our profession,” Mr. Short said, adding that CISPA “must encourage the next generation of Cayman professionals who ultimately will become leaders of this organisation”.
His second objective of achieving full membership of IFAC was important because, as a globally recognised organisation for the accounting profession, full membership would enable CISPA and the Cayman Islands to gain in stature in the international community, he said.
In addition, CISPA’s interaction with government will continue on important matters such as providing guidance on establishing policy and legislation affecting the profession in the Cayman Islands, Mr. Short said.