THE INSTITUTE OF CHARTERED ACCOUNTANTS OF TRINIDAD AND TOBAGO

Innovation & Creativity towards Sustainable Growth

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF TRINIDAD AND TOBAGO

ICATT - annual report 2011

Contents Mission and Vision Statements

2

ICATT Council Members

3

Corporate Information

4

ICATT Committees

5

President’s Report

6

Financial Overview

7

Stakeholder Focus

8

Annual General Meeting & Members’ Induction Ceremony

11

ICATT’s Professional Accountants In Business (PAIB) Committee

11

Students’ Accountancy Centre’s 25th Anniversary

11

Membership

11

Operational Updates

12

Practice Monitoring

13

Conferences

13

Student Focus

14

Continuing Professional Development

14

Secretary’s Report

17

Financial Statements

18

Independent Auditors’ Report

18

Statement of Council’s Responsibilities

19

Statement of Financial Position

20

Statement of Comprehensive Income

21

Statement of Changes in Funds

22

Statement of Cash Flows

23

Notes to the Financial Statements

24

Notice of Annual General Meeting

35

Form of Proxy

36

ICATT Members at 31 December 2011

37

ICATT Staff Members

48



ICATT MISSION STATEMENT To effectively promote, regulate and support the development of the accountancy profession in Trinidad and Tobago, and ensure adherence to the highest technical and ethical standards, for the benefit of members, students and the general public.

ICATT VISION We will be: •

A Prominent Professional Organisation that is attractive to current and potential members

and is a Leading Practice Model for Accountancy Institutes and other Professional Bodies

in the Region.

• The preferred body for providing guidance and direction in Accountancy which raises the

standard of financial management, reporting, education and governance in the country,

thereby adding value to society.

• An effectively governed and governing Institute that has a strong and quality organisation

infrastructure in terms of vision, strategy, structure, processes, volunteers, resources and

positioning in society.

• Transparent and Accountable to stakeholders, operate with integrity, be proactive and

have energised, committed and passionate people

• Representing the entire Accountancy profession in Trinidad and Tobago, including

students, members, graduates and all Accounting Institutions with members in Trinidad

and Tobago.

• An Institute that provides leadership, lobbying and influence with regard to regulatory

bodies, government, Accountancy Institutions, professional standards, policies,

compliance and conduct, development of the profession and good governance

• Educators providing pre and post membership education that will lead to the sustained P2

development of the profession


ICATT Council Members Anthony Pierre, FCCA, CA, CFC Anthony is currently president of the Institute of Chartered Accountants of Trinidad and Tobago, a position he has held for 3 terms. He has served on ICATT’s Council since 2002 and is a practising member of the Institute. Anthony is a fellow of the Association of Chartered Certified Accountants (UK) and an associate member of the Institute of Certified Financial Consultants. He currently serves as secretary on the board of The Institute of Chartered Accountants of the Caribbean (ICAC). Anthony is the founder and principal of the firm, Anthony P. Pierre & Co. Derek Mohammed, CA, ACMA Derek was appointed to ICATT’s Council in March 2010 and currently holds the office of Vice President of the Institute and is Chairman of the following Committees: Members & Students Relations, Forum of Firms and Membership. He is currently the Lead Audit Partner at Deloitte & Touche in its Trinidad & Tobago based office, specialising in audit and assurance services to the firm’s clients involved in the Energy, Manufacturing and Consumer Business Sectors. Derek also holds a number of leadership roles at Deloitte, such as Director of Independence, Leader of Talent, Learning and Development and Chief Ethics Officer. Rudranand Maharaj, CA, FCCA Rudranand is the Chairman of the Small & Medium Practitioners Committee and holds the office of 2nd Vice President of ICATT. He is the Managing Partner of Maharaj Mohammed & Co., Chartered Accountants and serves on a number of client related audit committees. He has over 20 years experience in the audit industry gained both locally and regionally and has specialized knowledge in Receiverships, Liquidations and the establishment of Offshore Trusts and International Business Companies (IBC’s).

Nicole Joseph, FCCA Nicole is a Senior Manager – Tax Services at KPMG. She has over 15 years experience in providing tax advisory and compliance services to local and international clients in the energy, financial services and manufacturing sectors. She is a Fellow of the Association of Chartered Certified Accountants as well as a Member of the Institute of Chartered Accountants of Trinidad and Tobago. Nicole has been a member of ICATT from 2002 and was appointed to ICATT’s Council in March 2011. She also serves as vice-chair on the tax and membership committees.

Amarjit Chadee, CA, FCCA Amarjit has almost five decades of experience in Accounting, Auditing and Taxation both at a junior level and in a managerial capacity in Trinidad, Guyana and the Caribbean. At present he is the Managing Partner in Firm of Hardys (Chartered Accountants) formerly Ramcharan, Chadee & Co., Chartered Accountants in Partnership with another qualified Accountant. Amarjit has worked in several industries over his extensive career and is a Fellow of the Association of Chartered Certified Accountants (England) holding a Practising Certificate as well as a Fellow of the Institute of Chartered Accountants of Trinidad and Tobago holding a Practising Certificate.

David Raggay BSc., MSc., CA David has over twenty-seven years of experience in the areas of Auditing, Accounting, Investment Analysis, General Management and Training. Currently he is the Managing Principal of IFRS Consultants –a boutique consulting firm specializing in providing accounting, audit, taxation, outsourcing, consulting and training in International Financial Reporting Standards (IFRS). He is a past Chairman of the Accounting and Auditing Standards Committee.

Peter Gittens, CA, FCCA Peter was appointed to ICATT’s Council in March 2010 and has been an ICATT member since 1994. Peter is a Director at Ernst & YoungTrinidad & Tobago and is directly responsible for ensuring compliance with the Firm’s quality and risk management (Q&RM) policies and procedures, including those pertaining to the application of generally accepted accounting principles (GAAP) and generally accepted auditing standards (GAAS). His responsibilities also include conducting training in these areas. Peter has over 15 years assurance and advisory experience at Ernst & Young, including directing the audits of a variety of major clients in the retail, distribution, and manufacturing entities in Trinidad & Tobago and financial services industries. Kyle Rudden, CA, FIA, FSA, FCCA, ACAS, ACIB Kyle is Chairman of the Disciplinary Committee and is also a Past President of ICATT. Kyle is Managing Director of KR Services Limited with over 25 years’ regional experience as an actuary and chartered accountant. His areas of expertise include the practical issues involved in applying international regulatory, financial reporting and actuarial standards in developing economies in the Caribbean and beyond, particularly in the financial services sector. He is a former board member of the Central Bank of Trinidad & Tobago and the Trinidad & Tobago Stock Exchange. He is currently Trinidad & Tobago’s representative on the ACCA’s International Assembly. Sean Ramirez, CA, FCCA, ACIB Sean is the Vice Chairman of the Forum of Firms Committee. He is also the immediate past President of ICATT’s Council and prior to that Chairman of the Accounting & Auditing Standards Committee. He is the Territory Assurance Leader at PricewaterhouseCoopers Trinidad and Tobago with over twenty years experience in providing audit and related services to large local and regional entities, primarily in the financial services sector.

Marlene Murray, B.Sc., M.Sc., CA, CFA Marlene is the Chairperson of the Licensing Committee and has extensive experience in senior management positions as a regulator of the Financial Sector. She is currently attached to the University of the West Indies.

Earl Wilson, CA, FCCA, MBA (Financial Services) Earl is the Vice Chairman of the Investigations Committee and chairman of the Professional Accountants in Business Committee. He has over 25 years of senior management experience in the manufacturing, distribution, construction and financial services sectors. He currently serves as chairman of the BESK Investment Group and Managing Director of Business Equipment and Interiors International Ltd (BEI).

P3


CORPORATE INFORMATION AUDITORS Michael Lee Kim & Co. 119A Woodford Street Newtown, Port of Spain REGISTERED OFFICE 2nd Floor, Building A Professional Centre 11-13 Fitzblackman Drive South Woodbrook Port-of- Spain MAILING ADDRESS: P.O. Box 864, Port of Spain TELEPHONE/FAX: (868) 623-8000/0176/625-1954; 625-2037/627-7675; Fax 627-7087 E-MAIL: [email protected] WEBSITE: www.icatt.org SECRETARY TO COUNCIL Cynthia Lyons

P4

ICATT Committees THE APPEAL COMMITEE: The Appeal Committee consists of seven (7) persons including two Attorneys-at-Law who hear the appeal case of Committee Members: Anthony Pierre; Sean Ramirez; Leon Ambrose; Stephanie Daly; Allyson West; David Kissoon; Michael Lee Kim THE ACCOUNTING & AUDITING STANDARDS COMMITEE: The purpose of the Accounting & Auditing Standards Committee is to improve Committee Members: Peter Gittens; Nalini Raquel Suratsingh; David Hodges; Renée -Lisa Philip; Riaz Ali; Marissa Quashie; Russel Jaggessar; Daniel Bissoondial; Mala Samaroo Ramsingh; David Raggay THE DISCIPLINARY COMMITEE: The Disciplinary Committee consists of eight (8) persons of which not less than one quarter shall be nonaccountants. The Investigations Committee refers a complaint to the Disciplinary Committee if it considers that a prima facie case has been made out for disciplinary action. Committee Members: Kyle Rudden; Amarjit Chadee; Sieunarine Jookoo; Jennifer Frederic; Joanne Julien; Clive Pegus; Errol Arjune; Junior Frederick FORUM OF FIRMS: Tobago can have a forum to share concerns unique to them with ICATT. Committee Members: Derek Mohammed; Sean Ramirez; Peter Gittens; Riaz Ali; Renée -Lisa Philip; Raoul John; Leslie Ramcharitar THE INVESTIGATION COMMITEE: The role of the Investigation Committee is to receive and consider all the facts of any legitimate complaints received by the Secretary to determine whether a prima facie case could be made against a member. Committee Members: David Raggay; Earl Wilson; Jennifer Frederick; David Kissoon; Gerald Lee Inniss; Vishnu Musai; Dave Chang THE LICENSING COMMITTEE: The focus of the Licensing Committee will be on granting of licences to practicing members and review of the Practice Monitoring Reports and to decide what further action may be required. Committee Members: Marlene Murray; David Raggay; Kenny Jalsa; Earl Wilson; Marie Suzanne Borely MEMBERS & STUDENT RELATIONS COMMITTEE: To capture students’ interest and get them more involved in the Institute. To encourage Programmes for all members and to lead on expanding our membership base. Committee Members: Derek Mohammed; Rudranand Maharaj; Camille Cumberbatch-Dhoray; Nalini Raquel Suratsingh; Stacy-Ann Golding; Robby Bhola; Mark Superville THE MEMBERSHIP COMMITEE: The Membership Committee of the Council of the Institute of Chartered Accountants of Trinidad and Tobago (ICATT) is charged, among other things, with the responsibility of receiving and reviewing applications for Membership and/or Practising Committee Members: Derek Mohammed; Nicole Joseph; Neville Sandy; Bob Gopee; Adrian Bharath; Christopher Munro; Lennox Soverall PROFESSIONAL ACCOUNTANTS IN BUSINESS (PAIB): The purpose of the PAIB committee is to reach out to and serve the professional will focus on exposing professional accountants to global developments, good practice guidance and knowledge sharing that will enhance the role and domain of professional accountants in business. Committee Members: Earl Wilson; Kyle Rudden; Leslie Nelson; Rakesh Goswami; Daniel Thornhill; Varun Maharaj; Neil Mohammed; Avind Mungalsingh; Stanley Maharaj; Anisa Mohammed SMALL & MEDIUM SIZE PRACTITIONERS (SMP): The primary roles of the committee are to address issues affecting Small and Medium on other stakeholders and make recommendations to Council. Practitioners, be champions for changes including exerting Committee Members: Rudranand Maharaj; Amarjit Chadee; Chandrika D. Seeterram; Atiba Caddle; Vishnu Musai; Mohan Mahabir-Singh; Sunil Budhu; Hyacinth Simms; Jameel Ali; Ramdath Ramlakkan; Dean Rampersad THE TAXATION COMMITTEE: The Taxation Committee assists the general membership in developing expertise in taxation and related areas. Trinidad and Tobago and suggestions relating to improvement in the area of tax administration. Committee Members: Amarjit Chadee; Nicole Joseph; Nirmala Ramsarran; Chandricka D. Seeterram; Mohan Mahabir-Singh; Nassim Mohammed; Arun Seenath; Rupert Gooding; Sinanan Dass; Roland Hosein; Sunil Budhu; Dean Rampersad

P5

annual report 2011

President’s

Report

P6


Fellow members, On behalf of the Council, I am pleased to report on our activities and achievements for the past year. The key initiatives and activities for the 2011/2012 term which are covered in greater detail throughout the report are: • Continued internal strengthening of the Institute through various initiatives including the appointment of a new General Manager, an additional customer service representative and commissioning of a review of ICATT’s organizational structure; • Application for a parcel land to build a permanent home for the Institute; • Creation of a more extensive Continuous Professional Development programme to meet the needs of our members in fulfilling their CPD objectives and requirements; • Our sustained Practice Monitoring exercise where approximately 27 auditors/ firms were reviewed during the 2011/2012 term; • The continued work of the Professional Accountants in Business (PAIB) and Small & Medium Sized Practitioners (SMP) Committees to better meet the needs of our members; • Affiliate & Student surveys to better understand the needs of our stakeholders; • Signing of a three (3) year “twinning” agreement with the Suriname Institute of Chartered Accountants (SUVA) to aid in their development; • Engagement of the World Bank to prepare a Report of Standard of Compliance (ROSC) on the level of compliance with International Accounting and Auditing Standards in Trinidad and Tobago; • Sustained growth in our membership base during the term, which stands at 1,102 members; • Extensive work in the review and rewrite of our Rules and Regulations; • Hosting of two successful regional and international conferences; • Hosting of our first Accountancy Career Fair; • Continued stakeholder outreach whereby meetings were held with the Central Bank of Trinidad and Tobago, the Financial Intelligence Unit, the Bankers Association of Trinidad and Tobago, our members and students in Tobago including senior officials at the Tobago House of Assembly; • Initiation of an exercise to evaluate and make effective proposals to the Government of the Republic of Trinidad & Tobago (GORTT) to introduce Alternative Dispute Resolution as part of the process governing the adjudication and settlement of issues between the Board of Inland Revenue and taxpayers; • Engagement of the International Public Sector Standards Accounting Board (IPSAB) to assist ICATT with the adoption of International Public Sector Standards of Accounting (IPSAS); • Hosting of a successful Carnival Cruise for our members and students;

Financial Overview For the financial year 2011, revenue from members’ subscriptions increased by 3%.The overall increase of 4% in the ‘Other Income’ revenue category is mainly attributable to a 57% increase in income from the sale of publications. However, the main contributor to the surplus of $77k is a reduction of 13% in overall expenses. The chart below illustrates the Institute’s income categories.

P7


At the year end 2011 the accumulated fund stood at $2.2million (2010:$2.1 million). Short-term liquid assets amounted to $1.4 million (2010:$1.3 million). The net equity position provides coverage for approximately four months of activity.

Stakeholder Focus In ICATT’s continued efforts to participate in events that will benefit our members, we hosted a series of meetings in 2011/2012 with various stakeholders. Our first major event was a breakfast seminar jointly hosted with the ACCA on the Changing Regulatory Framework in Trinidad and Tobago as it Relates to Proceeds of Crime & Related Matters. Attendees heard presentations from ICATT Representatives; Directors of the Financial Intelligence Unit (FIU); Financial Investigations Branch, SAUTT & Representatives of the Board of Inland Revenue. ICATT continues to provide guidance to members in this area. In April 2011, the Executive Committee of ICATT held a meeting with representatives of accounting firms to discuss the problems associated with the future functioning of the Tax Appeal Board of Trinidad and Tobago. The major issues discussed were the backlog of matters to be considered by the Board and the implications of tax appeal issues that are not being resolved. Prior to the development of a recommendation plan, it was felt that some collaboration should take place to discuss the topic with key stakeholders and to solicit their views. A notable feature of this process will be an address by Justice Adrian Saunders of the Caribbean Court of Justice on the introduction of Alternative Dispute Resolution from a Caribbean Business perspective in mid March 2012. On May 3rd 2011, our General Manager and I met with Ms. Nancy Foran, Chief Executive Officer, Certified Management Accountants (CMA) to continue discussions centred on joint strategic initiatives. On May 25, ACCA hosted an Audit Roundtable at the Hilton Trinidad that featured industry leaders speaking on relevant topics. ICATT moderated and facilitated a session on The Professional and Ethical Standards of Auditors in Trinidad and Tobago and explored issues of ethics, compliance and audit practice. This session was well received and moderated by Catherine Kumar, ICATT Member. Speakers included myself, Peter Gittens, ICATT Council Member & Colin Soo Ping Chow, ICATT Member and a former president of ICATT. In July 2011, ICATT was invited to become a member of the Payments System Council (PSC) chaired by the Central Bank of Trinidad and Tobago. The PSC was established in 2002 to aid in the reformation of the National Payments system and much of its work over the past year has been directed at promoting the use of electronic payments. In order to ensure that adequate attention has been paid to all aspects of development of the payment system, ICATT has been approached to assist in the area of accounting documentation and processes. ICATT Members, Ms. Pria Narinesingh and Mr. Dushyant Sookram were selected to represent the Institute in this regard. Existing members of the PSC include, the Central Bank, the Securities & Exchange Commission, Ministry of Finance (Treasury Division), Ministry of Public Administration, Consumer Affairs Division of the Ministry of Legal Affairs, the Bankers’ Association of Trinidad and Tobago, private payment system operators and information communication technology (ICT) specialists. In August 2011, ICATT signed a three (3) year “twinning” agreement with the Suriname Institute of Chartered Accountants (SUVA), as part of an initiative by The Institute of Chartered Accountants of the Caribbean to encourage the more developed institutes in the region to assist in the development of the younger institutes. ICATT has since been instrumental in assisting SUVA to secure an extension of an IDB funded project to improve compliance with international accounting and auditing standards in Suriname and have designed two major consultancies for SUVA, namely the development of Technical Guidance Tools for use by the country’s SME’s and another for technical assistance to develop a strategic plan and sustainability model for SUVA. For one week, SUVA’s Project Manager, Ms. Monic Foppele, visited ICATT’s offices to be immersed in a transfer of learning, training, skills, experience and procedures. Ms. Foppele advised at the conclusion of her trip that it was extremely beneficial and she learnt of many processes that would benefit her Institute in its developmental stages. In January 2012, our General Manager and I journeyed to Suriname to lead a Strategic Planning session to chart the way forward for SUVA. From all indications this was a successful exercise. In September 2011, ICATT was engaged in the first stages of a scoping mission by the World Bank to prepare a Report of Standard of Compliance (ROSC) on the level of compliance with International Accounting and Auditing Standards in Trinidad and Tobago. The

P8


ROSC will confirm the country’s compliance with best international practice regarding financial reporting standards and international auditing standards and will highlight the strength of the Country’s financial architecture. Countries’ Accounting and Auditing ROSC are posted on the World Bank’s official website and is a frequently examined report by foreign investors wishing to invest in a country. The preliminary report was completed and the findings are to be presented in March 2012 to various stakeholders. The ultimate goal is the creation of a Country Action Plan. On November 7th -9th 2011 our Council member, Kyle Rudden represented the ICAC and ICATT at the 1st Congress of Accountants in Africa held in Nairobi. This included the presentation of a commemorative plaque from ICAC to the CEO of the Institute of Certified Public Accountants of Kenya (ICPAK), the host institute, on their achievement. ICPAK has approximately 10,000 members and many opportunities exist for the continued strengthening of this relationship between our Institutes. In December 2011, ICATT partnered with the Trinidad and Tobago Extractive Industries Transparency Initiative (TTEITI) Steering Committee to host a free information workshop on a possible accounting consultancy opportunity for our practising members. In early 2012, the Ministry of Energy & Energy Affairs of Trinidad and Tobago, with funding from The World Bank, will issue a Request for Proposals for an individual or accounting firm to provide the services of the Administrator of Trinidad and Tobago’s first EITI Reconciliation Report. The Extractive Industries Transparency Initiative (EITI) is a global initiative with the objective of fostering transparency and accountability in the extractive (oil, gas, mining) industries by disclosing to citizens of a country the payments made by companies to host governments reconciled with the government’s declared receipts. The initiative aims at ensuring that (a) figures are certified, validated and accessible to citizens and (b) investors know that they are operating on a level playing field. The result is that the EITI contributes to consolidating and improving governance in resource rich countries, fights corruption, reduces conflicts and encourages increased foreign direct investment. As a candidate country of the EITI, Trinidad and Tobago has undertaken the rigorous task of becoming EITI compliant by 28th August 2013. A critical first step on that journey is the preparation of a Reconciliation Report of payments and receipts of all energy sector revenues and its translation into a document for wide dissemination and understanding by the average citizen on how the revenues they produce flow from companies to the Government. The experience has been that that EITI Implementation has increased the need for audit and other accountancy services by extractive industry companies on preparation for this annual report. At the international level, ICATT continues to make strides. ICATT Council member, Peter Gittens and I completed a successful mission to London in September 2011 where we met with the senior executive team of the ACCA, attended the annual meeting of the International Accounting Standards Board (IASB) World Standard Setters Conference and met with Ms. Jane Fuller, head of an accounting “Think Tank” project in innovations in financial reporting. Ms. Jane Fuller delivered a keynote presentation in November 2011 at our Annual International Conference. ICATT and ACCA have agreed to sign a Memorandum of Understanding governing several areas of the relationship between the two (2) bodies. At the World Standard Setters Conference, ICATT formally proposed the establishment of an appropriate set of accounting standards for micro enterprises and gained support for the initiative from a number of other accounting bodies around the world. Additionally, as part of our member obligations, ICATT continues to work closely with the International Federation of Accountants (IFAC), the global regulatory organisation for accountants, of which ICATT is a member, to implement the Institute’s action plan for full compliance with the Statements of Members’ Obligations (SMO’s). In November 2011, Mr. Joseph Bryson, Technical Manager, Member Body Development, IFAC visited Trinidad to speak at our annual conference and meet with ICAC Executives and CEOs to assist with the preparation of IFAC’s Action Plan. ICATT’s revised action plan was completed in November 2011 and is available for viewing on IFAC’s and ICATT’s websites. IFAC’s SMO’s are intended to ensure that member bodies implement international best practice in seven (7) fundamental areas, to ensure an orderly, developed and regulated accountancy profession globally. The goal of IFAC’s compliance program is to clearly demonstrate its commitment to strengthen the accountancy profession around the world as well as to encourage continuous improvement in the practice of accountancy through an ongoing assessment of member bodies.

P9


ICATT was also represented at IFAC’s Annual General Meeting held in Berlin, Germany by myself and Vice President, Derek Mohammed. We both used the opportunity to deepen ICATT’s relationship with this key stakeholder and to build linkages with other professional accountancy bodies around the world as we continue to demonstrate our commitment to the development of a sound global profession. In closing 2011, ICATT hosted two networking events, our 3rd instalment of the South Networking Cocktail & Member Recognition ceremony at the Royal Hotel, San Fernando on November 23rd where members from South based companies were in attendance along with recently joined members. On December 9th, ICATT’s offices were filled with laughter and good cheer as committee members were hosted by your President at our annual end of year luncheon. ICATT extends best wishes and thanks to those members that have dedicated their time and effort throughout the year. In January 2012, ICATT and ACCA jointly hosted a tuition provider meeting directed at addressing the concerns of this integral stakeholder. From all reports this was a successful exercise which we will repeat in the near future. February 2012 was a busy month for the Institute as we embarked on a Tobago Stakeholder Visit on February 2nd to meet with officials from the Tobago House of Assembly in the areas of education and finance as well as meet with our members and students resident in Tobago. Some key concerns raised were the lack of tuition providers on the island to service interested students as well as the need for more trained professional accountants in Tobago. ICATT also proposed to work more closely with the THA to provide increased training for employees and advise on best practice methods of reporting. This visit was a successful venture and ICATT hopes to host other events of this kind in the near future. An action plan following the outcome of this initial visit is also to be developed. On February 9th 2012, ICATT hosted an after work Carnival Cruise for members and students that was well received on the Pier 1, Sea Prowler in Chaguaramas. The Institute hopes to make it an annual event. On February 15th 2012, ICATT hosted a joint meeting with the Bankers’ Association of Trinidad and Tobago (BATT) to discuss the issues affecting timely financial reporting in Trinidad & Tobago. Other key attendees included the Chamber of Industry and Commerce. Action items arising out of this session are to meet with stakeholders to raise awareness on the importance of financial reporting and banks to insist that their clients provide the relevant documents such as management accounts, financial statements and audited statements dependent on the level of transactions to secure loans. In February 2012, ICATT met with members of the Financial Intelligence Unit of Trinidad and Tobago (FIU) to discuss the submission of compliance programmes by listed companies in keeping with FIU’s regulations. ICATT continues to advise members on developments in this area. On March 6th 2012, ICATT’s Executive Committee met with the Inspector of Financial Institutions and a Team representing the Central Bank of Trinidad and Tobago (CBTT) to discuss the FOR 10 and the need for a closer working relationship between the CBTT and ICATT. It was agreed in principle that both organizations should meet periodically to discuss and implement matters of mutual interest. In 2011, we engaged the expertise of the International Public Sector Standards Accounting Board (IPSAB) to assist ICATT with the adoption of International Public Sector Standards of Accounting (IPSAS). In March 2012, Mr. Ron Salole, Vice President, Standards, at the Canadian Institute of Chartered Accountants will visit Trinidad and Tobago to host two seminars advising on best practice for Public Sector reporting as guided by the International Federation of Accountants. Mr. Salole is a member of the International Public Sector Accounting Standards Board and an active CICA Representative on several International standard setting activities.

P 10


Annual General Meeting & Members’ Induction Ceremony On Thursday 24th March 2011, ICATT welcomed new members to the Institute who joined over the period of November 2010 to February 2011 in a special presentation ceremony at the Courtyard by Marriott, Invader’s Bay in Port of Spain. Approximately 69 persons joined the Institute over the period bringing our membership total to approximately 1000 persons. Inductees were specially welcomed by our new General Manager, Subert Gilbert. Prior to the recognition ceremony, ICATT held its 41st Annual General Meeting where three new members were elected to council and one member re-elected, they were: New Council Members: Nicole Joseph, FCCA, Senior Manager – Tax Services at KPMG; David Raggay, Managing Principal of IFRS Consultants; Amarjit Chadee, FCCA,CA, Managing Partner, Hardys Chartered Accountants. Re-elected Council Member: Marlene Murray, B.Sc., M.Sc., CA, CFA who was previously appointed to Council in 2009. At the Council meeting immediately following the AGM, Anthony Pierre was re-elected President for a third term, Derek Mohammed was elected Vice President and Rudranand Maharaj was elected 2nd Vice President.

ICATT’s Professional Accountants In Business (PAIB) Committee In an effort to improve the services offered to our members and in keeping with global professional accounting bodies, ICATT launched the Professional Accountants in Business Committee (PAIB committee) in 2008. These individuals represent the majority of our membership. The purpose of the committee is to reach out to and serve the professional accountants in Trinidad & Tobago who work in industry, commerce, education and non-profit organizations. The PAIB committee continues to focus on exposing professional accountants to global developments, good practice guidance and knowledge sharing that will enhance the role and domain of professional accountants in business. The PAIB committee sees itself providing a vital link in assisting the professional accountant in Trinidad & Tobago to understand their new role in recent times and assist in the evolution of the accounting professional. In its quest to provide relevant, meaningful service, the PAIB committee will be working very closely with the International Federation of Accountants (IFAC), the Association of Chartered Certified Accountants (ACCA) and other recognized global accounting bodies who have all already identified the need to focus on the professional accountant in business. The committee was headed by Council Member, Earl Wilson. Since its inception the committee has hosted two successful seminars on International Taxation and continues to contribute informative and relevant articles to ICATT’s quarterly newsletter.

Students’ Accountancy Centre’s 25th Anniversary ICATT was a proud Titanium sponsor of the Students’ Accountancy Centre’s 25th Anniversary celebration held in March 2011. Many of ICATT’s members can attest to attending classes at SAC as well as meeting lifelong friends at the Institution. ICATT’s General Manager, Subert Gilbert brought remarks on behalf of the Institute and acknowledged that SAC’s tutelage has produced many men and women who have gone on to make major contributions to industry, the society and the region. Additionally, I received a special recognition award at the ceremony as a former lecturer at SAC. Ms. Brenda Lee Tang, Head, ACCA Caribbean and myself were privileged to raise a toast on behalf of attendees to Edward Yee Fung and the SAC Team.

Membership For the 2011 term, ICATT recorded a growth of 94 new members over the period January 1st to December 31st 2011. In the first quarter of 2012 January 1st to March 9th, we recorded a further growth of 26 members to the Institute. We continue to engage in dialogue with our members through e-surveys and seminar evaluations to stay in touch with member needs. For 2012 we propose to offer increased CPD and social events targeted towards all aspects of our membership as well as the development of more tangible member benefits. Total membership at the end of the year was as follows: Year/ Member Type

2011

2010

Members in Practice (MP)

177

178

Members Not in Practice (MNP)

784

707

Members Resident Overseas (MRO)

44

43

Members in Retirement (MR)

71

58

1076

986

TOTAL

P 11


Operational Updates ICATT made some operational changes through the appointment of a General Manager in March 2011, Mr. Subert Gilbert, CISA. Subert brings over three decades of experience to ICATT and is a former Director of Tax Administration and Assistant Commissioner at the Inland Revenue Division, Ministry of Finance. He was also employed at the Office of the Integrity Commission as an Investigating Analyst. Subert continues to work closely with the ICATT team to streamline operations for maximum performance. Over the course of 2011, the internal security of the secretariat was upgraded to include security cameras and an OSHA and HSE initiative was also launched for the safety of staff. Training continues in this area. Communication was upgraded to include the use of Skype, Magic Jack and enhanced conference calling at the Institute. An employee of the month programme was launched and implemented at the Institute in 2011 to recognize those staff members going above and beyond duty. Employees recognized were, Ariel Burgin, Oneika Bushell, Barry Bishop, Gizelle Gittens, Camille Applewhaite and Kyzier Foster. In December 2011, at the President’s Christmas Dinner and Staff Appreciation Function, Ms. Gizelle Gittens, Senior Customer Service Representative was named the employee of the year overall. Mrs. Avion Alves – Rollock, Accountant was presented with an “Award of Appreciation” and Ms. Oneika Bushell, Marketing and Corporate Communications Officer was presented with a “Recognition Award” for the commendable role she played towards the success of the 2011 International Conference. This event was a resounding success and congratulations are extended to all. In October 2011, ICATT embarked on the creation of a Past President’s Wall in the Institute’s conference room, featuring photos, names and years of service. We are pleased that this exercise has been completed. On October 29th 2011, the Trinidad and Tobago Group of Professional Associations (TTGPA) of which ICATT is a member, hosted its annual fundraiser, the Professional Culinary Classics at the Centre of Excellence, Macoya. ICATT’s Team placed 4th overall out of 18 entrants under the theme ‘Ah Countin’ on Curry’. We also received the 3rd place for best decorations (Traditional Indian Wedding) and 3rd place for best tasting dish. Part proceeds of this event went to the Mt. Carmel Nursery and Day Care Centre, which is badly termite ridden and in dire need of renovations and a new roof structure. The estimated cost of these works is over TT$600,000. The team was led by Mr. Robby Bhola of Deloitte of ICATT’s Members’ & Student’s Relations Committee, special thanks are extended to him. In November 2011, ICATT officially announced our Cashless Policy. Payments will only be accepted via cheques, direct deposits & payments by credit and debit cards at our point of sale terminals. Additionally in November 2011, ICATT put forward an application for receipt of a parcel of land that is presently before the ministries of finance and agriculture for consideration. On acceptance, this area will be used to build a permanent home for the Institute. ICATT is engaged in the process of updating our website to better service our stakeholders. This exercise will be completed by the end of the first quarter of 2012.

Practice Monitoring 2011 marked ICATT’s third year of Practice Monitoring which is an obligation for member bodies of the International Federation of Accountants (IFAC) as outlined in its Statement of Membership Obligations (SMO). These Quality Assurance reviews are intended to serve the interest of the public and the Practice Monitoring process involves visiting licensed auditors/ firms and reviewing their audit files. The review process provides guidance to firms/ practitioners regarding deficiencies within their practice and making recommendations in order to effect improvements. To date, a total of 52 visits have been completed since the onset of the initiative. In 2011, 27 visits were completed overall which included 12 first time visits and 15 follow up visits. The outstanding 14 firms eligible for first time visits will be completed by the end of the first quarter in 2012.

P 12


To address gaps uncovered during these reviews, ICATT held its third installation of one-on-one training sessions with Michael Scott of PCP UK Limited entitled Clarity ISA and Practical Problems Two-Day Workshop. The session was designed to help participants implement the requirements of the new clarified International Standards of Auditing and address monitoring issues. The workshop focused on providing a practical understanding of the clarified standards and used case study examples. Two sessions were held at the Arthur Lok Jack GSB facility and Royal Hotel in San Fernando.

Conferences ICATT was a part of four major conferences throughout the year. In June, over seventy (70) professional accountants from Trinidad and Tobago represented ICATT at the Institute of Chartered Accountants of the Caribbean’s (ICAC) Annual General Meeting and conference in Kingston. Your President, was elected secretary to the board of ICAC at the Board meeting following the AGM. I was first appointed to the ICAC Board in October 2009 and currently represent ICAC as Director on the Board of the Caribbean Association of Industry and Commerce (CAIC). ICATT currently holds the chair of ICAC’s technical committee and in this regard is responsible for a number of initiatives around the Caribbean region involving the advancement of best international practice by regional accountants. The 30th instalment of the conference in June 2012 will be held in Antigua from June 21st to 23rd under the theme, Playing to Win: Bowling Over the Challenges. As usual the continued success of this event depends on a large contingent of Trinidad and Tobago members and I encourage you all to attend. In July 2011, ICATT partnered with the Caribbean Association of Audit Committee Members Inc. (CAACM) to co- host the 5th Annual Meeting & Conference at the HYATT Regency in Port of Spain under the theme Adding Value, Not Bureaucracy: The Role of the Audit Committee in Assessing Your Business Risk Profile, Risk Priorities & Governance Structures. The event marked the first ever Audit Committee conference in Trinidad and Tobago and featured international and regional delegates from over 12 countries and a feature address by The Honourable Winston Dookeran, Minister of Finance. The conference brought together some major players in the Region to discuss the role of the Audit committee in moving an organisation forward while encouraging an exchange of ideas and solutions to address common issues. ICATT was pleased to be at the forefront of such a major event in Trinidad and Tobago. In early September 2011, we were a joint partner with the ACCA in hosting the ACCA/ICATT SME forum. The event was well attended and was aimed at exploring the issues relevant to the sustainability of small and medium enterprises in the Caribbean while seeking to strengthen their innovative capacity. Our Annual International Accounting and Finance Conference was held on November 2nd & 3rd 2011 at the HYATT Regency in Port-of-Spain with over 200 participants. The conference brought together dynamic international, regional and local presenters who spoke to the theme of Innovations in Business Financial Reporting and Governance. Attendees were treated to addresses by the Honourable Senator, Dr. Bhoendradatt Tewarie, Minister of Planning & the Economy who spoke on Sustainable Growth in the NonEnergy Sectors of Trinidad & Tobago, as well as keynote remarks by Dr. The Honourable Timothy Harris, Senior Minister and Minister of International Trade, Industry, Commerce, Consumer Affairs, Agriculture, Marine Resources and Constituency Empowerment, St. Kitts & Nevis speaking on Forging a new Paradigm in the Caribbean: Innovation, Creativity and Competitiveness Towards A New Caribbean Economic Order. Special thanks are extended to our valued sponsors and other contributors for their continued support. Our 24 title sponsors were: Titanium: ACCA; Platinum: PricewaterhouseCoopers, KPMG, Deloitte, WASA; Silver: EOG Resources, Methanex, Neal & Massy Group, National Gas Company of Trinidad & Tobago Ltd.; Bronze: Aegis, SBCS, Certified Management Accountants (CMA), Business Development Company Ltd., Cuna Mutual Croup, BDO, Orbit Solutions, Atlantic; Special Contributors: First Citizens, John Dickinson Ltd., Republic Bank, ISACA T& T Chapter, Very Exciting Things Ltd.

P 13


Student Focus We conducted two e-surveys with our affiliate and student members over a three week period from January to February 2011. The objective of the surveys was to determine feedback on the service ICATT provides and how we could better meet the needs of these important stakeholders. Approximately 6,000 students & approximately 1,000 affiliates were invited to participate in the survey which gave us much food for thought as we develop the necessary products and services. In the area of education, ICATT and ACCA jointly hosted a student technical session in February 2011 on Calculation and Interpretation of Accounting Ratios and Trends facilitated by Mr. Haseeb Mohammed of PwC who is one of the foremost experts in this field. The objectives of the session were to help improve students’ overall performance by providing the tools and techniques for improved performance with regards to the ACCA paper F7. These sessions are part of ICATT and ACCA’s ongoing efforts to provide more value to our students while ensuring success at the exam level. In March 2012, we will host a technical session on Consolidations for students. In February 2011, I visited Speyside High School in Tobago to speak with the first ever cohort of CAPE A’ Level students at the school on careers in accounting and other issues that exist in the financial services sector. This was the first such visit to Tobago by ICATT in recent times and is part of our thrust to promote the benefits and opportunities that exist in the profession to students. In July 2011, ICATT held the Nation’s first ever Accountancy Career Fair entitled, A Professional Development Forum. The event was targeted towards secondary school students, persons pursuing accountancy studies and professionals wishing to enter the Accountancy profession. The whole day event featured exhibition booths from over 10 top Accountancy firms, Accountancy schools and designatory bodies. Attendees were privy to career opportunities, interview and dress tips and the many avenues available to persons wishing to pursue Accountancy in Trinidad and Tobago. We hope to have a repeat of this event in 2012 in both Trinidad and Tobago. In December 2011, ACCA and ICATT jointly hosted our annual Recognition Ceremony that honoured successful candidates and top performers of the June 2009, December 2009 and June 2010 examinations from Trinidad and Tobago and the Eastern Caribbean. Congratulations are extended to all prize winners and thanks to our valuable sponsors.

Continuing Professional Development ICATT was able to offer members and non-members alike a comprehensive number of CPD sessions for 2011/2012. We began in February with updates on Current Positioning of Exposure Drafts with respect to Revenue recognition, Defined Benefit Plans, Liabilities & Consolidation. This half day workshop was facilitated by Haseeb Mohammed of PricewaterhouseCoopers. In March two workshops were hosted: Succession Planning, Estate Planning & Investment and our annual Taxation Workshops. Facilitated by Bob Gopee, Managing Partner of Bob Gopee & Associates Chartered Accountants and Trevor Philip, Director, Trust & Estate Planning Resource Limited, the Succession Planning workshop addressed the issues of arming accountants with information to better service their clients on traditionally cross-border subjects, namely estate planning and investments - naturally the purview of financial advisers and investment consultants. The Taxation workshops were hosted by Rupert Gooding, Chartered Accountant Tax Consultant & Attorney-At-Law who addressed the Scope of Trinidad & Tobago Tax Legislation & Practice. In April we partnered with ACCA to host two events. They were, The Changing Regulatory Framework in Trinidad and Tobago as it Relates to Proceeds of Crime & Related Matters. Attendees heard presentations from ICATT Representatives; Directors of the Financial Intelligence Unit (FIU); Financial Investigations Branch, SAUTT & Representatives of the Board of Inland Revenue. The second was a one day workshop on Forensic Accounting & Fraud facilitated by Mark Thompson, Forensic Investigations Director at Duncan & Toplis, an East Midlands, UK based firm of chartered accountants. Participants were exposed to: Forensic accounting legal framework, Fraud landscape – regulatory bodies, private sector organisation; Evidence, note taking and disclosure; Financial analysis techniques; Forensic report writing; Money laundering and asset recovery. In May, as a follow-up to a half day workshop conducted by Haseeb Mohammed in December 2010, ICATT hosted a half-day

P 14


session on IFRS 9 & Leasing Exposure Draft Workshop. Attendees were exposed to IFRS 9- Financial Instruments- Classification & Measurement of Financial Assets; IFRS 9 (October 2010) Financial Instruments - Classification & Measurement of Financial liabilities; Overview of the exposure draft on Leasing issued in August 2010 and further updates on Exposure draft on leasing based on IASB/FASB Board deliberations. In August 2011, we held an International Taxation workshop facilitated by Mr. Merlin Sergeant, Former Chairman, Board of Inland Revenue that was well subscribed. In early September 2011, we were a joint partner with ACCA in hosting the ACCA/ICATT SME forum while the second joint event was another well received two- day event on International Financial Reporting Standards and International Standards of Auditing -2011 Update held at the Trinidad Hilton. The event was facilitated by Mr. Nagin Lad of ACCA UK. In January 2012, ICATT once again hosted a successful International Taxation Workshop facilitated by Mr. Merlin Sergeant, Former Chairman, Board of Inland Revenue. In February 2012, ICATT hosted a Public Speaking Developmental Workshop For Finance Professionals, facilitated by Ms. Janice Learmond- Criqui, a Professional Life coach and motivational speaker. This event was well received as it aimed at targeting an often overlooked area of development. A follow-up session is carded to be held in April 2012 that will provide training in Presentation Skills. On February 9th 2012, ICATT was a supporting partner with the Certified Management Accountants (CMA) of Canada to host a seminar on Scenario Planning: Navigating Through Today’s Uncertain World that was well subscribed. The seminar was facilitated by Brett Knowles, MBA, CMC who over the last 25 years has established a global reputation for his work in the performance measurement and management area. In March 2012, ICATT will host our annual Two Day Taxation Workshop facilitated by Mr. Rupert Gooding, Chartered Accountant, Tax Consultant & Attorney at Law. Additionally, ICATT will host two seminars advising on best practice for Public Sector Reporting as guided by the International Federation of Accountants facilitated by Ron Salole, a member of the International Public Sector Accounting Standards Board.

Conclusion As I close, I thank you for the support you have given your Institute over the past year and encourage you to maintain this thrust in the years to come. As I prepare to hand over the presidency, I am satisfied that a sound foundation has been laid for its growth, sustainability and development. I place on record the efforts and initiatives of my predecessors, Kyle Rudden, Angela Lee Loy and Sean Ramirez in this regard. I am privileged to have served at the helm of ICATT over the past year and while the challenges were many, so too were the opportunities. I wish to thank my fellow Council members, committee members and the dedicated staff of the Institute for their continued support in seeking to meet the needs of our members. Best wishes for 2012.

……………………………………….. President

P 15

Stakeholder Focus

Continuing Professional Development

L-R ICATT President, Anthony Pierre; Minister of Finance, The Honourable Winston Dookeran; Senior Financial Management Specialist, Latin America and the Caribbean Region, World Bank, Mozammal Hoque & ICATT General Manager, Subert Gilbert. Stak

eho lder Focu ICATT s C o uncil M behalf o em ber, Kyle f the IC R AC to C aroline udden presents K a Accoun tants in igan, CEO of IC token of appre Africa, N ci P aroibi, N AK at the First ation on ovember Congress 2011. of

Mr. Nagin Lad at the joint ACCA/ ICATT workshops in September 2011.

winner, , Top Prize enelle Ram eeta Sh G s. s. M M T; ; T ICA r 2010 President, A Decembe , Top Prize winner, ed, 1st Vice inner, ACC m w ez am ze un ri N oh P a M p ci To a Lee atri Derek ey Hansraj, ; Ms. Eva P ber 2010 & Ms. Brend L to R: Mr. 11; Ms. Trac CCA December 2010 y. em 20 on ec ne D em Ju T er A A C Stakeholder Focus ver ACC ner, C winner, A Handing O p Prize win ss, Top Prize Certificate ajadhar, To 11 G i 20 el r Bhagwanda be ng A em s. ov M N ; e 11 th 20 at L- R: 1st Vice President, Derek Mohammed; ICATT President, Anthony Pierre; Secretary of Education, THA aribbean CAT June of ACCA C Assemblyman Whitney Alfred, ICATT Member, Godwyn Richardson; Administrator of Education, Mrs. Jennifer Lezama Tang, Head during a stakeholder visit to Tobago in February 2012. cus

t Fo Studen

ICATT 1st Vice President, Derek Mohammed congratulates Principal, Students’Accountancy Centre, Edward “Eddie”Yee Fung at the school’s 25th Anniversary celebrations in March 2011.

P 16

C T, PC

Te

CAT am I

2011 SAC Anniversary

SECRETARY’S REPORT th

, 2011, members were elected as

follows: Mr. Anthony Pierre Mr. Derek Mohammed Mr. Rudranand Maharaj

-

President Vice President Second Vice President

Council members attendance at meetings held for the term 2011 – 2012 was as follows: No. of meetings attended during the term:

Anthony Pierre Derek Mohammed Rudy Maharaj Sean Ramirez Amarjit Chadee Kyle Rudden Peter Gittens Earl Wilson Nicole Joseph Marlene Murray David Raggay

7/7 7/7 6/7 6/7 6/7 6/7 6/7 4/7 4/7 5/7 4/7

Election to Council Messrs. Anthony Pierre and Rudranand Maharaj are due to retire by rotation and being eligible, offer themselves for re-election. Mr. Earl Wilson is due to retire by rotation and does not offer himself for re-election. A Nomination form was received on behalf of Mr. Mohan Mahabir-Singh. Auditors The retiring Auditors, Michael Lee Kim and Company have expressed their willingness to be re-appointed. A resolution to this effect will be proposed at the Annual General Meeting.

Cynthia Lyons Corporate Secretary P 17


Independent auditor’s report To the members of

The Institute of Chartered Accountants of Trinidad and Tobago Report on the financial statements We have audited the financial statements of The Institute of Chartered Accountants of Trinidad and Tobago (“the Institute”) which comprises the statement of financial position as at 31 December 2011, statement of comprehensive income, statement of changes in funds and statement of cash flows for the year then ended and a summary of significant accounting policies and other explanatory information. Council’s responsibility for the financial statements The Council is responsible for the preparation and fair presentation of these financial statements in accordance with International Financial Reporting Standards for Small and Medium-sized Entities (IFRS for SMEs), and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors’ responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with International Standards of Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the Financial Statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgement, including the assessment of the risk of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Council, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the accompanying financial statements present fairly in all material respects the financial position of the Institute as at 31 December, 2011 and the results of its financial performance and its cash flows for the year then ended in accordance with International Financial Reporting Standards for Small and Medium-sized Entities.

MICHAEL LEE KIM & CO. Chartered Accountants: Port of Spain TRINIDAD 6 March, 2012

P 18


Statement of Council’s responsibilities It is the responsibility of Council to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Institute as at the end of the financial year and of the operating results of the Institute for the year. It is also Council’s responsibility to ensure that the Institute keeps proper accounting records which disclose with reasonable accuracy at any time the financial position of the Institute. They are also responsible for safeguarding the assets of the Institute. Council is responsible for the preparation and fair presentation of these financial statements in accordance with the International Financial Reporting Standards for small and medium-sized entities (IFRS for SME’s). This responsibility includes designing, implementing and maintaining internal controls relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error, selecting and applying appropriate accounting policies, and making accounting estimates that are reasonable in the circumstances. Council accepts responsibility for the annual financial statements, which have been prepared using appropriate accounting policies supported by reasonable and prudent judgments and estimates, in conformity with the IFRS for SME’s. Council are of the opinion that the financial statements present fairly in all material respects, the state of the financial affairs of the Institute and of its operating results. Council further accepts responsibility for the maintenance of accounting records which may be relied upon in the preparation of financial statements, as well as adequate systems of internal financial control. Nothing has come to the attention of Council to indicate that the Institute will not remain a going concern for at least the next twelve months from the date of this statement.

President 6 March 2012

Council Member 6 March 2012

P 19


Statement of financial position as at 31 December 2011

2011 2010 Notes $ $

ASSETS Current assets

Cash and cash equivalents 4 1,548,271 1,511,060 5 417,932 480,366 Accounts receivable Inventories 6 3,643 21,487 Total current assets 1,969,846 2,012,913 Non-current assets Property and equipment Total assets

7

861,512

882,690

2,831,358 2,895,603

EQUITY AND LIABILITIES Reserves Accumulated fund Benevolent fund 8

2,204,889 137,793

2,131,569 133,934

Total equity 2,342,682 2,265,503 Current liabilities Accounts payable Deferred income

9 251,938 361,522 9 236,738 268,578

Total current liabilities 488,676 630,100 Total equity and liabilities 2,831,358 2,895,603

The accompanying notes to the accounts, on pages 24 to 34 form an integral part of these financial statements. On 6 March 2012, the Council authorised these financial statements for issue.

P 20

President

Council Member


Statement of comprehensive income for the year ended 31 December 2011

2011 2010 Notes $ $

Revenue 10 Members subscriptions and fees Students subscriptions, fees and subventions 11 Interest income 12 Other income

1,233,600 1,418,390 40,480 590,012

1,199,250 1,615,853 50,656 568,809

Total revenue

3,282,482

3,434,568

Expenses Employee salaries and benefits 13 Marketing 14 Administrative

(1,435,227) (1,695,924) (134,760) (166,638) (1,635,316) (1,804,951)

Total expenditure

(3,205,303)

(3,667,513)

Profit/(loss) for the year 77,179 (232,945)

The accompanying notes to the accounts, on pages 24 to 34 form an integral part of these financial statements.

P 21


Statement of changes in funds for the year ended 31 December 2011

Accumulated Fund $

Benevolent Fund $

Total Fund $

2,131,569

133,934

2,265,503

77,179

–

77,179

Transfer to benevolent fund

(3,859)

3,859

Balance at 31 December 2011

2,204,889

Year ended 31 December 2011 Balance at 1 January 2011 Profit for the year

–

137,793

2,342,682

133,934

2,498,448

Year ended 31 December 2010 Balance at 1 January 2010

2,364,514

Loss for the year

(232,945)

Balance at 31 December 2010

2,131,569

– 133,934

(232,945) 2,265,503


P 22


Statement of cash flows for the year ended 31 December 2011

2011 2010 $ $ Operating activities Profit/(loss) 77,179 (232,945) Adjustments for non-cash income and expenses: Depreciation 82,545 87,067 – 157 Loss on sale of property and equipment Interest received (40,480) (50,656) Unrealised foreign exchange losses/(gains) on operating activities 795 (778) Changes in working capital Decrease in accounts receivable 62,434 123,781 Decrease/(increase) in inventories 17,844 (2,711) Decrease in accounts payable (141,424) (140,270) Net cash provided by/(used in) operating activities 58,893

(216,355)

Cash flows from investing activities Purchase of equipment Interest received

(31,545) 50,656

(61,367) 40,480

Net cash (used in)/provided by investing activities (20,887)

19,111

38,006 (197,244) Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Exchange (losses)/gains on cash and cash equivalents

1,511,060 (795)

1,707,526 778

Cash and cash equivalents at end of year 1,548,271 1,511,060


P 23


Notes to the financial statements for the year ended 31 December 2011 1

General information

The Institute of Chartered Accountants of Trinidad and Tobago (the Institute) was incorporated by Act No. 33 of 1970 in Trinidad and Tobago. Its principal activities are:

a)

To regulate the ethics, discipline, professional conduct and standards of its members and students; and

b)

To promote and increase the knowledge, skill and proficiency of its members and students.

Its registered office and principal place of business is located on 2nd Floor, Building A, Professional Centre, 11-13 Fitzblackman Drive South, Woodbrook, Port-of-Spain. 2

Significant accounting policies The financial statements have been prepared in accordance with the International Financial Reporting Standards for Small and Medium-sized Entities (IFRS for SMEs) issued by the International Accounting Standards Board. The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

2.1 Basis of preparation The financial statements have been prepared in accordance with IFRS for SMEs using the historical cost convention. The preparation of financial statements in conformity with IFRS for SMEs requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the Institute’s accounting policies. This is disclosed in note 2.2. 2.2 Property and equipment Property and equipment is stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. The Institute adds to the carrying amount of an item of property and equipment the cost of replacing parts of such an item when that cost is incurred if the replacement part is expected to provide incremental future benefits to the Institute; the carrying amount of the replaced part is derecognised. All other repairs and maintenance are charged to the statement of comprehensive income during the period in which they are incurred. Depreciation on other assets is charged so as to allocate the cost over their estimated useful lives as follows. Office premises Office equipment Computer equipment Furniture, fixtures and fittings

P 24

– – – –

2% straight line basis 20% reducing balance basis 33.33% reducing balance basis 10% reducing balance basis


Notes to the financial statements (continued) for the year ended 31 December 2011 2

Significant accounting policies (continued)

2.2 Property and equipment (continued) The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, if there is an indication of a significant change since the last reporting date. An asset’s carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of comprehensive income. 2.3 Impairment of non-financial assets other than inventories At each reporting date, property and equipment are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset (or group of related assets) is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised in the statement of comprehensive income. 2.4 Inventories Inventories comprising publications for resale are stated at the lower of cost or estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. At each reporting date, inventories are assessed for impairment. If inventory is impaired, the carrying amount is reduced to its selling price less costs to complete and sell, the impairment loss is recognised immediately in the statement of comprehensive income. 2.5 Accounts receivable Accounts receivable are amounts due from customers for goods sold or services performed in the ordinary course of business. All collections from sales are expected in one year or less and are classified as current assets. Accounts receivable are initially recognised at the transaction price. They are subsequently measured at amortised cost using the effective interest method less provision for impairment. A provision for impairment of accounts receivable is established when there is objective evidence that the Institute will not be able to collect all amounts due according to the original terms of the receivables. 2.6 Cash and cash equivalents Cash and cash equivalents are carried in the statement of financial position at cost and comprise cash in hand, cash at bank, funds held in Trinidad and Tobago Dollars (TTD) and United States Dollars (USD) Income Funds, and other short-term highly liquid investments.

P 25




2.7 Accounts payable Accounts payable are obligations on the basis of normal credit terms and do not bear interest. Accounts payable are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. 2.8 Deferred income Subscriptions received in the current year for the following year are recorded as a liability. These amounts are then transferred to revenue in the year to which they relate. Members and students prepayments are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. 2.9 Provisions Provisions are recognised when the Institute has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small. Provisions are measured at the present value of the expenditure expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense. When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably. 2.10 Foreign currency translation a)

Functional and presentation currency

Items included in the financial statements of the Institute are measured using the currency of the primary economic environment in which the Institute operates (‘the functional currency’). These financial statements are presented in Trinidad and Tobago Dollars (TTD), which is the Institute’s functional and presentation currency.

P 26




2.10 Foreign currency translation (continued) b)

Transactions and balances

Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income. All other foreign exchange gains and losses are presented in the statement of comprehensive income within other income. 2.11 Revenue Revenue comprises the fair value of the consideration received or receivable for the sale of goods and services in the ordinary course of the Institute’s activities and it is recognised on an accrual basis. 2.11.1

Subscription income

Student and membership subscriptions are initially recorded as deferred revenue and recognised on a straightline basis over the reporting period. 2.11.2

Interest income

Interest income is recognised using the effective interest method. 2.12 Taxation The primary activities of the Institute are of an educational nature and therefore are not liable to corporation tax. The Institute is however subject to the Green Fund Levy paid at the rate of 0.1% of gross revenue. 2.13 Employee benefit obligations

Pension obligation

The Institute has a defined contribution plan. A defined contribution plan is a pension plan under which the Institute pays fixed contributions into a separate entity and has no legal or constructive obligations to pay further contributions if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

The Institute pays contributions to publicly or privately administered pension insurance plans on a mandatory or contractual basis. The contributions are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as an asset.

P 27


Notes to the financial statements (continued) for the year ended 31 December 2011

2011 2010 $ $ 3 Financial instruments Financial assets Financial assets measured at amortised cost less impairment – Cash and cash equivalents – Accounts receivable

1,548,271 417,932

1,511,060 480,366

Total 1,966,203 1,991,426 Financial liabilities Financial liabilities measured at amortised cost – Vendors payable 38,158 21,728 – Other payables 213,780 339,794

Total

4

Cash and cash equivalents Income funds Cash float Cash at bank Cash in hand

251,938

361,522

1,401,415 600 144,256 2,000

1,340,865 400 167,795 2,000

1,548,271 Total 1,511,060

The Income Fund investments have been classified as cash equivalents as they are available for working capital requirements. The effective interest rate of these funds at the year end was 2.1% (2010: 2.4%).

The carrying amounts of the Institute’s foreign currency denominated monetary assets translated to the functional currency at the end of the reporting period are as follows:

2011 2010 $ $ USD Income and Growth Fund 5

35,911

34,455

Accounts receivable Accounts receivable – members and students 81,522 147,240 Other receivables 9,710 2,434 Prepayments 326,700 330,692 Total 417,932 480,366

P 28


Notes to the financial statements (continued) for the year ended 31 December 2011 5.1 Prepayments Prepayments relate primarily to the practice monitoring fee as the contract year is from 1 October to 30 September.

2011 2010 $ $ 6 Inventories Publications for resale 7

3,643

21,487

Property and equipment

Furniture Fixtures Office Office Computer and Premises Equipment Equipment Fittings Total $ $ $ $ $ Cost At 1 January 2011 Additions

692,383 158,852 246,748 220,769 1,318,752 – 16,683 31,975 12,709 61,367

At 31 December 2011

692,383 175,535 278,723 233,478 1,380,119

Accumulated Depreciation At 1 January 2011 Annual Depreciation

(90,824) (153,648) (92,254) (436,062) (99,336) (13,848) (15,606) (39,886) (13,205) (82,545)

At 31 December 2011

(113,184) (106,430) (193,534) (105,459) (518,607)

Carrying Amount At 1 January 2011

593,047

68,028

93,100 128,515 882,690

At 31 December 2011

579,199

69,105

85,189 128,019 861,512

8

Benevolent fund

The Benevolent fund which was established in 1982 is an accumulation of a maximum of 5% of the profit for the year transferred each year. The purpose of the Benevolent Fund is to provide aid to distressed members of the Institute.

The current policy is to make annual disbursements from the Fund up to a maximum of 20% of its balance at the end of the preceding year.

P 29



2011 2010 $ $ 9 Current liabilities

Accounts payable Vendors payable VAT payable Other payables Accrued liabilities

38,158 131,537 – 82,243

21,728 175,139 230 164,425

Total accounts payable

251,938

361,522

Deferred income 236,738 268,578 Total current liabilities

488,676

630,100

The average credit period on purchases is 30 days. No interest is charged on the accounts payable. 2011 2010 $ $ 10 Members’ subscriptions and fees Members not in practice 548,900 507,000 Members in practice 647,500 660,850 Members resident overseas 17,200 16,400 Retired members 2,400 2,200 Application fees 17,600 12,800 1,233,600 Total 1,199,250 2011 2010 $ $ 11 Students’ subscriptions, fees and subventions Subscriptions and fees 1,157,518 1,420,569 Subvention 260,872 195,284 Total 1,418,390 1,615,853 2011 2010 $ $ 12 Other income Profit from seminars and other events 489,916 498,982 Miscellaneous 23,693 21,059 Profit from sale of publications 76,403 48,768 Total

P 30

590,012

568,809


Notes to the financial statements (continued) for the year ended 31 December 2011 12.1 Profit from seminars and other events 2011 Seminar Updates on the current position of Exposure Drafts Succession Planning, Estate Planning & Investments Taxation Workshop

Breakfast Meeting - The Changing Regulatory Framework in T&T as it relates to the proceeds of crime and related matters ACCA/ICATT Forensic Accounting & Fraud Seminar IFRS 9 & Leasing Exposure Draft

Income

2010 Expenses

33,400

Surplus/ Seminar (Deficit) (27,441) 5,959 IFRS For SMEs Workshop

12,500

(19,024)

214,518

(109,264)

36,293

(25,362)

109,500

46,900

(6,524) Breakfast meeting Occupational Pension Plans Bill 105,254 Taxation workshop

Income 45,000

Expenses

Surplus/ (Deficit) (39,072) 5,928

2,000

(5,462)

(3,462)

227,100

(92,728)

134,372

10,931 CMA/ ICATT IFRS Workshop and Panel Discussion

15,065

(1,440)

13,625

(62,308)

47,192 IFRS Update Workshop

104,290

(48,722)

55,568

(28,055)

18,845 Critical thinking seminar

48,800

(23,665)

25,135

P 31


Notes to the financial statements (continued) for the year ended 31 December 2011 12.1 Profit from seminars and other events (continued) 2011 Seminar

Income

2010 Expenses

Surplus/ (Deficit)

Seminar

Income

(1,488)

Accountants’ Week - 2 Day Seminar/ Gala Dinner/ Recognition Ceremony

1,012,500

(770,239)

242,261

60,000

(34,745)

25,255

Caribbean Association of Audit Committee Members Inc. (CAACM) in Collaboration with ICATT

81,195

(82,683)

International Taxation, Double Taxation Treaties

21,000

(10,244)

10,756 IFRS 9 & Leasing ED

ACCA / ICATT Joint IFRS /ISA Update

171,337

(73,839)

97,498 Prior year seminar related adjustment

ISA Clarity Workshop

191,000

(173,491)

17,509

Annual International Accounting & Finance Conference Reduction in prior year seminar expense Total

759,060

(595,076)

163,984

20,000

20,000

(1,186,787)

489,916

P 32

1,676,703

300

1,515,055

Expenses

Surplus/ (Deficit)

300

(1,016,073) 498,982



2011 2010 $ $ 13

Employee salaries and benefits Salaries 1,301,483 1,513,989 12,852 7,800 Employer’s medical plan contributions Employer’s pension contributions and NIS 96,584 147,333 Staff learning and development 20,558 9,841 3,750 16,961 Staff uniforms Total

1,435,227

1,695,924

2011 2010 $ $ 14 Administrative expenses

Postage and printing 69,542 55,771 Consultancy fees 44,384 508,492 Stationery and office supplies 56,924 37,964 IFAC subscriptions 34,173 32,748 ICAC subscriptions 99,139 89,146 Telephone 99,364 93,000 Occupancy expenses 121,205 114,338 Computer maintenance 76,475 60,717 International/regional travel 237,076 55,512 Practice monitoring fees 164,183 200,982 Depreciation 82,545 87,067 Repairs and maintenance 48,435 37,737 Legal fees 71,464 91,696 Council/committee meetings 57,871 60,800 Insurance 55,118 59,422 Other expenses 317,418 219,559 Total 1,635,316 1,804,951

15

Related-party transactions

Key management compensation

The compensation paid or payable to all key management for employee service is shown below:

2011 2010 $ $ Total key management compensation

659,214

887,168

P 33



16

Subsequent Events

The Institute has determined at the time of issue of these financial statements that there are no subsequent events which require disclosure in these financial statements.

P 34


March 5, 2012 Dear Member

NOTICE OF THE FORTY SECOND ANNUAL GENERAL MEETING Notice is hereby given that the Forty Second Annual General Meeting of the Institute will be held at Courtyard Marriott Invader’s Bay, Audrey Jeffers Highway, Port-of-Spain on Wednesday 28th March, 2012 at 5.00 p.m. to transact the following business: ORDINARY BUSINESS 1.

To receive and consider the Annual Report of the Council for the 2011/ 2012 Term.

2.

To receive and adopt the Financial Statements of the Institute for the year ended December 31, 2011 with the Auditor’s Report thereon.

3.

To elect the following members to Council: Anthony Pierre Rudranand Maharaj Mohan Mahabir-Singh (a) (b) (c)

4.

Messrs. Anthony Pierre and Rudranand Maharaj are due to retire by rotation and being eligible, offer themselves for re-election. Mr. Earl Wilson is due to retire by rotation and does not offer himself for re-election. Nomination form was received on behalf of Mr. Mohan Mahabir-Singh.

To appoint the Auditor for the year ending December 31, 2012.

By order of Council

CYNTHIA LYONS Secretary to Council Rule 85: Rule 86:

No member shall be entitled to be present or to vote, at any general meeting who is in arrears with any subscriptions or sum payable by him/her to the Institute. A member entitled to vote may appoint as his/her proxy any member who is qualified to vote.

P 35


FORM OF PROXY The Institute of Chartered Accountants of Trinidad and Tobago I, ………………………………… of …………………………………...... being a member of the above mentioned Institute hereby appoint ………………………………….. or failing him/her …………………………. each of whom is a member of the said Institute as my proxy to vote for me on my behalf at the 42nd Annual General Meeting of the said Institute to be held on the Wednesday 28th day of March 2012 and at any adjournment thereof.

Signed this……… day of ……………………………. 2012

Signature of member………………………………….................Membership No……….... Please indicate with an “X” in the appropriate box below how you wish your vote(s) to be cast. ORDINARY BUSINESS RESOLUTIONS

FOR

AGAINST

1 To receive and consider the Annual Report of the Council for the 2011/ 2012 Term. 2 To receive and adopt the Accounts of the Institute for the year ended 31st December 2011 with the Auditor’s Report thereon. 3 To elect the following members to Council. Anthony Pierre Rudranand Maharaj Mohan Mahabir-Singh 4 To appoint Auditors for the year ending 31st December, 2012 term.

Rule 85: No member shall be entitled to be present or to vote, at any general meeting who is in arrears with any subscriptions or sum payable by him/her to the Institute. Rule 86: A member entitled to vote may appoint as his/her proxy any member who is

to vote.

Rule 87: Every instrument of proxy shall be in writing and shall be signed by the appointer or his attorney and together with the power of attorney (if any) under which it is signed, shall be deposited with or sent to the Secretary so as to be received by him at least forty-eight hours before the holding of the meeting or adjourned meeting at which it is to acted on or, in the case of a poll, before the time appointed for the taking of the poll.

P 36


Members in Practice (MP) at 31 December 2011 712 516 698 345 893 756 1015 1024 1 1131 641 125 244 1146 899 1340 618 734 1189 332 645 593 1162 310 53 1156 900 365 577 512 719 274 152 372 178 468 6 697 882 492 759 437 127 477 11 775 990 1337 258 1174 689 535 814 187 849 861 18 1077 1196 216

Ahloy Paul Ahmad Hakeem Alexander Errol Augustus Ali Hanif Ali Jameel Ali Shahamad Ali A. Imtiaz Ali Mahammad M. Ali Mumtaz Ali Riaz Alleyne Robert A. Alphonse Andre R. Ambrose Leonardo M. Arjune Pravin S. Arumugadasan Nalika Aziz-Mohammed Fatima Baboolal Roshan Bachoo Dhanraj Baptiste Vernon D. Beharry Capildeo Bharath Adrian M Bharath Claude E Bob -Gopee Shivantee Boodoosingh Vishnu Bowman Rupert T. Bridgemohansingh Hadyn Bridglal Anil Browne Mariano R. Budhu Surindranath Bynoe Mervyn A. Camacho Craig Martin Castillo Anselm J. Chadee Amarjit Chadee Ritchie Chay Carl A. Chedu-Piper Donna-Mae L. Chow Leo Cockburn Sheldon Cook Esther Daniel W. Keith Dass Sinanan Davis Philmore De Nobriga Lanceworth A. Dhanessar Winston Dieffenthaller George A. Dookiesingh Krishna Douglas Denise D. D. Felix-Chevalier Kerry-Ann Fletcher Brian T Golding Stacy-Ann Gomez Trevor Nicholas Gonsalves Lindsay L. Gopaulsingh Anton A. Gopee Ramganie B Gopee Rendra A Griffith Sheldon Hadaway Bertram G. Hardyal Marisa S. Hodges David Hogan Ronald V.

1378 669 384 356 1339 24 1007 556 1145 131 1130 863 314 255 29 325 961 257 746 644 204 769 956 140 276 939 137 93 864 660 684 865 792 976 989 277 139 852 630 1044 367 181 1161 997 549 80 903 605 1112 1037 626 520 334 671 515 570 359 415 638 294

Hornby Christopher S. Hosein Dr. Shaffick Inglefield Peter R Jack Shirley P. Jaggessar Russel S. John Worrell E. Jokhoo Dinesh Joseph-Caddle Veronica Debbie Khan Kazim Knights Ralph C Lakhan Jagdesh V. Lalsingh Nicole Lee Anne Marie Lee Charles W. Lee Kim Michael J Lee Loy Angela M Lee Tang Johnson Anthony Lopez Lionel Dave Peter Lutchman Nicole Mahabir-Singh Mohan Mahadeo Reynold Maharaj Rudranand Maharaj Steve Maharaj Vishnu Mangroo Jeewan Marchock Addie Mark Ainsley Albert Mike Hamlyn R. Mohammed Derek Mohammed Haseeb Mohammed Kamaral Mohammed Shazad Mohammed Yasmin Mohammed Zakheem Mohammed-Maraj Nazreen Montano Danny A. Montgomery David G. Moodoo Roy Carlos Moonoo Bhagwandaye Mungalsingh, Avind L. Murray Russell Musai Vishnu D.K Naipaul- Gopee Shelley Narinesingh Pria Neebar Sookmatee S. Nunes Edward J. Omardeen Sohaila Ottley Bede P. Panchoo Nigel Pariag Sarah Parmesar Ramkarran Parsotan Franklyn Persad Herman Philip Renee - Lisa Phillip-Bruneau Aneitha Pierre Anthony Pujadas Leroy E. Ragobar Steve Ragoonath Kenrick Rambhajan Sieunarine

P 37


Members in Practice (MP) at 31 December 2011 (Continued) 538 789 190 809 782 833 1239 623 812 827 465 1143 573 445 632 1053 1238 373 281 810 629 820 566 406 347 157 1181 84 86

P 38

Ramcharan Ramesh Ramcharitar Leslie Ramdass Ramnarine Ramgoolam Sunita Ramirez Sean Ramkissoon Rajin Ramkissoon Rona Ramkissoonsingh Deoraj Ramlakhan Ramdath Ramlakhan Steve Ramnarine Madan Ramnarine Dev Ramnath Errol I. Ramoutar Alan Ramoutar Larry A. Ramoutar Sharon Andra Ramoutar Wendell Rampersad Kenny A. Rampersad Ramdath D. Rampersad Rikhi Richards-Lawrence Nicole E Rochester Walter Rudden Kyle M. Rupnarine Clive E. Rutherford Deryck C. Ryan Theodore P. Samaroo-Ramsingh Mala Sancho Gerald E. Seegobin Krishna (Honorary)

1045 88 1338 1063 881 588 220 464 918 982 369 999 221 482 714 962 720 958 631 898 327 413 726 303 207 642 399 428

Seenath, Arun M Seeterram Chandricka D. Senike Roshni H. Sharma Satyanan Sharma-Maharaj Avesha Siew Vijay Simmonds Walter B. Simms Hyacinth C. Singh Maltie Singh Bhesham Smart-Cooper Allyson M. Sobransingh Glenn S. Sogren Stephen A. Soo Ping Chow Colin J. Sookram Dushyant Subnaik-David Rena Sukhram Dhowlatram Superville Mark Kevin Swamber Vashti Thompson Ruthven Thompson Wally M. Thomson Ian E. Tom Andrew A. A. H. Toney Michael G. Toppin Patrick B. Wharfe Colin B. J. F. Wilson Earl Young Lily


Members Not in Practice (MNP) at 31 December 2011 1092 1343 1462 1059 1109 707 316 964 685 783 586 1299 1086 1195 1410 1120 1262 959 1093 980 1353 1394 1115 996 1392 1352 765 1170 836 711 1051 410R 1478 1284 217 1315 702 1084 1398 813 530 1222 1159 1454 1074 1062 736 1386 495 1319 804 208 731 1255 1329 1391 1320

Abdool Nadia Abdul-Haqq Harun Adams Omaalade Alexander Neil Mitchell Alexis David Ali Faizal Ali Haseena Ali Jenifer Ali Razard B Ali Razeem Ali Salahudeen Ali A. Dale Ali Akeeta Ali Anisa Ali Ann Marie Ali Areef Ali Bhim Nadera Ali Omardeen Karen Ali Rachel Ali Riaz Ali Sedalia Rehana Ali Taslima Ali Vanessa Ali Waheeda A. M. Ali-Lopez Naseem A. Allen Renil K. Almandoz Rachael Alves Avion Ambard Bernadette Ammon Nicole Karlene Andall Darren Anderson Christian D. Andrews E. Natasha Andrews Kester Arjune Errol S. Arjune Elizabeth Ann Attai Mitra C.C. Austin Carol Austin Michelle N. Awai Lisa C. Awang Brian C Babwah Ansuya Bachan-Ramdath Sherry-Ann Bachoo Indira Badal Neisha Badri Neeta Bailey Jennifer Bailey Nicholas Bain Godfrey D. Bajnath Binode Baksh Karina Baksh Zabar M. Balbirsingh Valmiki Baliram-Ramoutar Judith Balkaran Sheena Bally Neesa Balroop Vanita

1290 716 844 975 879 610 450 346 607 1271 1481 757 1263 774 609 1010 1286 1285 988 1333 1193 1312 1227 1420 1081 519 1211 357 1097 1168 1419 1347 948 569 943 200 262 946 1117 1423 585 847 1085 1202 1364 885 738 673 107 1107 1105 1472 418 424 1147 1426 489

Banswah Paul D. Baptiste Josef L. Baptiste Ingrid C Baptiste Oscar Winston Basdeo Rajram Beepath Doon Beharry Ashram S Beharry Boodlal Benjamin David C E Benjamin Campbell Leigh-Ann Berkeley Jason Bernard Frederick Besai Varesha Bharath Anganee Bharath Vasant V Bharath Trudy Bhim David Bhim S. Shamead S Bhim Vanessa Bhola N. Dinesh Bhola Neil Bhola Robby Bhowram Wendy Bickramdass Cindy Bickramdass Pricilla Billy Brenda Billy Tami Bisram Harripersad Bisram Vanessa Leena Bissessar Ishwar Bissoondial Daniel Blake Nicoline P. Blanc Alec Blanc Daniela A Blanc Anthony Blanchard Kenneth A Boodhai Krishna R Boodoo Balkrishna Boodoo Vashti Boodram Bal Borel Roland D. Borely Marie-Suzanne Boxill-Sampson Sydelle Brewster Joshua W. Bridglal Alvin Brown Delano N. Brown Dwight D. Browne Joel O’brien Bruce Paul N. Buchoon Rita Budd Nicole Burkette Sheldon J. Burrell Bernadette S. Buxo Alexander P. M. Caddle Atiba Callan Sherry-Ann Callender Dawn

P 39


Members Not in Practice (MNP) at 31 December 2011 (Continued) 1000 772 1480 272 870 821 584 910 1052 175 206 433 592 1201 1048 831 313 665 1413 431 954 144 1203 753 859 625 729 1306 1021 787 565 750 1464 1247 1089 1177 1068 1087 884 1305 808 866 385 594 1385 700 1300 574 362 250 1296 381 143 1035 10 1318

P 40

Callender Benjamin Nicole S. Calliste Leroy Camacho R Corenne Campbell Norris E Carballo Michael Cardinez Ravi Valerio Carr Ronald C. Carrington Ronald Chadee Rudinauth Chang Dave M. Chang Judy Y Chang Patricia A. Charles Maxine J. Charles Melissa S. Chase, Marina Chevrotiere Garth Chin Chuck Laurence Chin Pang Valerie A Chinpire-O’Reilly Denise S. Chin-Rampersad Marilyn S. A. Choon Neela Chow Alwin S. Chrysostom-Ryan Ria J. Clarke Seamus Joseph Clarke - Andrews Marilyn Clayton Allan Mark Codrington Alicia B. Coker Curlande Coker-Duncan Carlene A. Cooke-Warrick Jennifer Anne Cooper Reynold Costelloe Trisha Cowie Christopher D. Cuffie Osben Cumberbatch -Dhoray Camille Cumming Rex Cummings Learie D’Arcy Adrienne Dabiedeen Reaaz A Dalipram Heamwatee Daniel Dexter K Daniel Dianne Daniel William W. Darmanie Terrence J David Jody A. Davis Barry A Davis Holder Karen Davis Judith De Four Hollis C De Freitas Keith B. F. De La Rosa Tricia De Lisle Godfrey T. De Silva Gary R. De Silva John Dean-Maharaj Vindar Deopersad K Shivanan

1072 1372 1192 927 1243 425 1409 1028 658 708 969 1326 557 670 675 1448 1108 1198 1417 387 1057 1416 952 1266 781 124 485 518 987 1043 784 1428 694 763 672 1437 877 1121 721 1019 1403 1449 646 71 1075 1188 1469 1439 971 1412 1273 1438 677 472 619 639

Derby Sylvia Dhanraj-Mangroo Soma Dial Desmond Diaz Wayne Dickson Ann Marie Dilbar Zaffoora Zena Dinanath Rishi Dixon Jill Dookaran Elawatee Dookie Jerome S Doolan Carol Doolarchan Karen Dottin Howard A. W. Dow Graeme Downes Ian F G Doyle Laura C. Drayton-Smith Nola Durgah Lallitah Dwarika Wendy Edwards Joel C. Edwards James Edwards Marcia Edwards Michael Edwards-Sandy Marilyn Elias-Wilson Natasha T. Esau Joseph P. Espinet Richard G. Farah Roger A. G. Farfan Marsha G. M. Farrier-Pierre Tessa Ferguson Richard A. Flemming Ian Frampton-Benskin Marge B. Francis Gregory Frank Christine I. Frank Stephanie Fraser Lorna Fraser-Pierre Natasha Frederick Arlene G. Frederick H. Jennifer Fullerton Alicia C. Gaines-Ramjohn Candice Gallai Pearl Ganteaume, Peter Gaulteau Kevin Gayadeen Richard George Sharon Jenifer George Sophia George-Sharpe Ayanna Natalla Gilbert-Nath Nerissa Gildharry Christine G. Gill Carla Gittens Peter E Gittens Richard B. Gobin John Gobin Suresh Steven


855 1153 1355 1176 539 1374 683 1429 1430 259 953 1256 1220 1328 1289 1164 627 1335 1160 1032 1026 1345 1365 1411 1166 1229 1370 1047 1066 469 405 1122 438 796 1172 1008 1250 1125 867 73 883 1348 1311 1083 1135 762 333 1436 1025 1324 555 1259 511 1302 1054 966 478 967 693 1383

Gobin Chandranath Gobin Farley Gobin Sonia N. Goinda Sonah Goindhan-Aquan Carmen Goindoo Andre Gomes Stanley Gomes Joy Allison Gomes Roger Gonsalves Basil V. Gonsalves Cherise Gooding Rupert Gopaul Sherry Ann Gopaul-Jagessar Diana Gopee Susan Gopie Mohan Gordon Geoffrey C. M. Gormandy Nicole Goswami Rakesh Govia Kristian Grandison Deon Griffith E. Kern Grosberg Johan Guischard Vernetta Guyadeen Michael Hamid S. Aaliya Haniff Azzarudeen Hannays, Gregory S Hardyal Sunil Harris Wilbert A Harris Willard P Heath Philomen Heerah Parasram Heeraman Anand Heeraman Tabitha Henckel Franz E Henry Lucyann N. Henry Susanne Herbert Dixie-Ann Herde Victor P. Hewlett - Ola Celia A. Hinds CharlesTracy Hinds Lyn Hiralal Carl Holder Annabelle Hosein Fazir Hosein Hollis N. Hosein Deokie Hosein Saeed Houlass- Abdool Leela Hoyte U Wilmot Hussain Saleem Hypolite-Ferdinand Camile Ignacio Crystal Imamshah Nandai Inniss Joy Inniss-Demas Wendy G. D. Irish Nigel Pernell Isaac Derrick L. Ishmael Anthony

575 1404 934 838 880 649 1254 1431 1237 1140 1079 286 529 666 395 896 1240 1152 562 740 1148 1377 1303 397 410 435 1191 1447 803 1158 779 633 922 419 1283 1138 1264 1304 1252 1400 298 1230 1368 1362 778 758 1433 1287 1184 1183 1080 1288 1004 874 1190 1009 801 1446 192 455

Jack Ruthven F. Jack Andy Jackson Michelle M Jacobs Kerwyn Jagan Antoni Jaggat Lalchan Jaggernauth Bhamini Jaggernauth Dexter Richard Jaggernauth Kimberly Jagroop Sunita Jagroo-Seemungal Sabita Jalsa Kenny K. James Anne Marie James Dexter W. E. James Earle M. James Garvin Jarvis-Sealey Shanelle Jawahir Usha Jeffers Adrian L. Jerome Larry N. Jessop Garnet Joadsingh Vickram K. Jodhan Richard John Carolyn Johncilla Kenny Johnson Peter D. Johnson Crystal C. Johnson-David Jennifer Jones Richard Leopold Jones-Ifill Nicole Jones-Mclean Aline Joseph Anthony N. Joseph Nicole Joseph Richard A. Joseph C Natasha Joseph Jayneil Joseph Jeanette M. Joseph L. A. Cassandra Joseph Victor Carleen Jules-Serries Shawn Juman Shareef Kahrim-Alsaran Saara Kalicharan Ramcharan Kalloo Vedwati Kamalodeen Azeem Kanta - Persad Rawdon Kantapersad Jasso Kappel O. Elaine Khan Sasha Khan Sharik Khan Zenobia Khan-Bheekoo Nadia Khanpradie Steve King Maxine King Christopher Kirby Rayon T Kissoon David Allan Kissoon Susan Knights Marie A. Knights Denise Margot

P 41



P 42

Kong Ting Patricia M. Kumar Catherine R. La Pierre Donna La Touche Doreen La Touche Danielle Lackhan-Ramatally Shobha Lai Paul J. W. M. Laidlow Wendy-Ann Lalchan Moonilal Lalla Jerry Lalla Sylvia Lalsie Curtis Laltoo Liza Lashley Ingrid L-A. Le Maitre Sherwyn Learmont Ashworth Lee Poy Curtis Lee Tang Brenda, Rose Lee Yuen Jonathan M. Lee-Chong Katerina M. Lee-Inniss Gerrard Leonce Kevin Leung Giles Walter Lewis-Belasco Patricia Lewis-Eversley Barbara Lezama Danelle Lezama June Lezama Nancy C. Lochansingh-Khan Lisanne Lopez Kern A. Lopez Llewellyn Raeburn Loquan Neil Lue Ping Wa Feona G. Lue-Fatt Katherine Luk Jim Wendy Lum Kang-Ramdeen Cyd Rebecca Lum Young John C. Lumsden Nicola Lutchman R. Ryan Lutchmeesingh Neena Mackenzie Lisa Mackenzie Roger A. Madray Romel Jerome Mahabir Hamant Mahabir Susanne S Mahabir Gheesan Mahabir Harideo Mahabir Sahendra Mahabir Vijay Mahara Horace .J Maharaj Aneal Maharaj Glenn Maharaj Gulabchand Maharaj Phillip Maharaj Sharma B. Maharaj Stanley

682 553 1434 1214 1113 1316 979 1118 1435 1011 550 780 1388 1150 617 1371 1232 800 748 839 924 1200 1399 1231 1265 1479 133 876 1270 728 681 600 1167 1058 599 1308 1356 1346 541 1041 1212 1463 1127 1405 1274 1002 568 998 897 1342 1224 957 162 919 942 805

Maharaj Varun Maharaj Amrith Maharaj Chandradath Maharaj Kamal Maharaj Karishma Maharaj Kavita Samantha Maharaj Lester Rajesh Maharaj Lolita Maharaj Narendra Maharaj Vishal Maharajh Syntra S. Maharajh Vishwanath Maharajh Karuna S.S. Maharajh Vishesh Manchoon Curtis Mangroo Satyam Glen Manohar Rajesh Manraj Shiva R. Maraj Romilla Maraj Sunita Maraj Anil Maraj Krishna Maraj Roopnarine Marajh Ronnie P. Marcano Randy M. Marchan Alicia Patrice Marshall Philip A. F Marshall Trevor Mathura Gerard Matthew Nigel E. Maurice-Bodasse Linda Maynard David F. Maynard Marlene Mayrhoo Alisha Mc Comie Raphael M. Mc Farlane Jayselle Mc Fee Brent K. Mc Gill-Alfonso Solange Mc Lean Carl A. Mc Lean-Roberts Yvonne E. Mc Master Narda Meade- Malcolm Cherry Merritt D’angelo Millett Tisha Oriza Mills Keith A. Ming Hon-Mackenzie Marlene Misir Partap Mofford - Benjamin Elizabeth Mohamed Albeadea Mohamed Aliesha Mohamed Melissa Mohammed Anthony Mohammed Esau Mohammed Hannah Mohammed Nadira Mohammed Neil A.


933 945 1277 1467 1267 1132 1393 1427 1341 1375 1245 1249 266 1407 1001 1445 1116 1225 868 911 1144 1124 1006 1119 1321 1235 542 931 917 811 937 1128 1241 1466 146 1186 449 695 1332 1397 1424 994 1149 1367 1215 1314 466 871 664 1018 1257 951 869 1078 912 1363 561 1297 973 1260

Mohammed Rabia Mohammed Rehana Mohammed Anisha Mohammed Anisa Zarah Mohammed Dolores Mohammed Ian Mohammed Kerry S. Mohammed Myra Mohammed Nadia F. Mohammed Saleem F. Mohammed-Ali Sheriffa Mohan Mahase Monteil Louis A. Montrichard Kelly Dale Moorley Eugene D Mootilal Natasha Mootoo Indra Moreau Nicola R. Morgan Susan Motilal Rishi Motilal Rennum Mungal Dipnarine Mungal Jaginder Mungal Vashtee Mungroo Asha E. Mungroo Diane Munro Christopher A. B Murally Leesa Murray Marlene Murray-Solomon Susan Nackchadie Haridath Nanan Reshma Nanan Subrina Nandlal Reshma Nanton Gerald S. Naranjit- Lalla Neasha Narayansingh Patricia M. Narine Rhea Narinedath-Maharadge Gaitri Narinesingh Mark Neckles Dorian Nehorah-Arjoon Dianne Nelson Leslie A. Newallo Kathy-Ann Michelle Nickles Indrani Nirvana Mary Gabriel Nobie Alan M. C. Noel Franklyn Noel Sonia Noel B. Desmond Noel-Nicholas Kathy-Ann Oakes Karen Ogeerali Harroale Ogeer-Ali Aleema Ojar Joy Oliver Swaratsingh Denise M. Olliverre Gerald J. Ollivierre N. Mick Omadath-Heetai Chanroutie Omar-Ali Yusra

1276 246 1022 704 846 1422 1369 1387 795 1242 776 1360 1359 1187 751 830 794 1474 1139 1459 652 1060 1421 1223 1354 1325 1465 1070 1090 970 1258 1408 1468 1344 1217 978 467 1313 232 527 1275 1442 315 374 843 1049 1414 1453 1376 514 1103 905 1477 1197 648 1185 1111 1475 1208 596

Omardeen Idrees Z. W. Ottley Sharman M. Ottley Dexter A.R. Outar Rabindra H Pankar Robert Parabdeen Vijay Parag-Singh Vanessa Pardassie Pooran Pariag Narinejit Parmanand Neisha S. Parmasar Lincoln Parmesar Sandra Parmesar Winston Parris Nigel Pascal Anand Pasea Christian Pashley Charles Paton Zia Pattron Declan Paul Maria Persad Carmen Persad Bhawanee Persad Deomatee Persad Judy P Persad Marje Persad Nanda Persad Terry Peters Yvette J. Pettier Gerhard Phillip Preston Wesley Phillip Alicia Phillip Joseph Sandra Phillips Edmund Phillips Lorraine Maria Phipps Wanda G. Pinder Munesh M Pirali Asaf Poliah Tricia Pollard Stephen H Pollonais Inskip Popal, Malissa Praim Videsh Prescod Lennard Prevatt Francis T. Price Dominic Pujadas, Carla Marina Quashie Marissa Ragbar Indradaye Ragbir Adesh Raggay David A. E. Raghunandan Koshina Ragoonanan Vijai Ragoonanan Davis Ragoonanan Stacey Rajack Glen F. Rajaram Malini D. Rajh Arian R. Rajkumar Singh Vishal Rajkumar Vishwani R. Rajkumarsingh Paula D.

P 43



P 44

Rajkumarsingh Rajesh Ram Brian Ram E. Aritha Ramadhar Peter Ramanan Marsha Ramchandani Maya Ramcharan Indar Ramcharitar Jewan Ramcharitar Reisha Ramcharitar, Javid R Ramchune Joanne Ramdass Deodath Ramdass Varoon Ramdhanie Eidiana Ramdwar Roger Ramdwar E. Angelika Ramesar Patricia Rameshwar-Singh Roshini Ramgoolie Harinarine Ramjit Sandra Ramkhelawan Andy Ramkissoon Artma Ramkissoon Deoraj Ramkissoon Nello R Ramkissoon Rishi Ramlakhan Prakash Ramlal Venita Ramlochan Geeta Ramlogan Krishnadath Ramnanan S. Ravi Ramnarace Tricia Ramnarine Ashram Ramnarine Avinash Ramoutar Krishendath Ramoutar Ravi Anand Ramoutar Shoba Ramoutar Krishna Rampaul Shalini Rampaul Visham Rampersad Ishri H. Rampersad Lance D. V. Rampersad Ronald J. J. Rampersad Aneisha Rampersad Avinash Rampersad Dean Rampersad Omeela Rampersad Vishaal Rampersad Wendy Rampersad, Dianne Ramrattan D. Evans Ramroop Neil Ramsey Colin Ramsingh Motilal Ramsingh Khadine Hosein Ramsubeik Errol Rauceo - Hull Karla

1470 624 717 225 1175 422 1061 797 913 1142 1209 280 1204 1384 446 1101 935 686 949 1482 471 1219 528 392 1440 1123 1194 1334 793 1199 1357 1213 571 481 1102 1291 909 706 439 747 824 1425 505 710 1349 534 582 1402 1379 308 1278 1126 699 828 674 1366

Regobert Indira Reid Brenda J Reid-Nothingham Roxane Reis Stephanie Reis Robert Richardson Patricia I. Richardson Godwyn Roach Richard Roach Suzanne Roach Stacey R.A. Roberts Tarin M. Roberts-John Jennifer M. Rodriguez-Seijas Dwayne Rogers Geeta Romany Polycarp S. Romany Eddison J. Romeo Deborah Roxburgh Roger A J Ruiz Kevin Ruiz-Sargeant Shirlet Rutherford Diana Saba Lauren Sahadeo Christine Sahadeo Ganesh B. Sahadeo Keesha Sahatoo Linda Salandy Andy Salazar P. Taryn Samaroo Dave Sambrano Andrew Samlal Esther A. Samms Natasha Samodee Prameela D. Samodee Prem C. Sampson Geneva Samuel B. Carolyn Sandy Christopher Sankar Brent Sankar Daniel Sankar Stewart Sanmook Seunarine Saugh Samanta I. Saunders Ruth Sawh-Rambarran Lilawatee Scarce Sonia Scott Lennox Scott Warren D. Sebarath Mahadeo Seecharan Chitrani C. Seegobin Kesraj Seepaul Gary Seepersad Denva Seeraj Kelvin Seesahai Pamela Seetaram Sandra Seetaramsingh Devika


1327 238 887 920 806 1226 1441 1036 878 1056 1244 1151 1091 1350 1039 616 1251 1452 271 497 981 476 1210 1460 768 1476 572 1307 1182 1444 307 604 894 818 580 1280 845 1389 832 1216 745 1301 1003 862 1173 96 546

Seeterram N. Anil Sham Ku Richard P. Sharma Chanmatee Sieupersad Salisha Ann Sieuraj Sieunarine-Rampersad Simmonds-Bourne Ann Marie Simmons Stacy Sinanan Shiva Singh Sham Singh Cyndy-Ann Singh Mala Singh Romal Singh Romesh Singh Roni Singh-Francois Caren Sirju Michael Skinner Rocke, Natasha Smart Patricia Smith John H. Solomon Patrick V. Sonoo Jetendra Soo Ting-Ayoung Susan F. Soobratie Nazreen S. Soodeen Sindy Sooknanan Malcolm Sooko Carl Sookram Harrinarine Sookram Andre Soom Mitra S. Soondar Angelica Soverall Lennox St Louis Cyril L. St. Clair Anthony St. Hilaire Rodger Stewart Ainsley Subiah Niegel Subryan Robert Subryan Christopher S. Sudan Nicholas Suratsingh Raquel Sylvester Selwyn St. Bernard Sylvester Carol Syms Jacqueline Tang - Lee Su Yin Taylor Oscar Taylor Owen O. Taylor-Hanna Andrea B. A.

1461 269 342 344 1246 1298 1451 1110 1071 1406 1309 1163 1040 932 904 963 860 1067 563 189 1317 1165 483 1281 1336 1133 944 823 1136 678 1106 1073 1269 654 547 608 1069 1228 1218 761 906 490 293 533 311 184

Telesford Trudie Tewari Vishnu C. Thomas Martica Thomas Nella V. Thomas Anika Thomas Dexter Thomas Joanne Thomas June Thomas Tabitha Thomas Tricia Thompson Richard Thornhill Daniel Trimm-Bailey Koreene Trotman Lois A. Trotman Richard Troy Toyer Tsoi-A-Sue Ken Valley Shirvan G. Vire Relna F. Waddell John E. Waithe-Wells Linda Waldron Carlos Walkins Frank H. R. Wallace Lisa M. Wallace-Shanklin Carmela Walter Kendal Waterman Alicia Watson Gary Welch Sheree Wellington Bryan A Whiteman Jason Whittle Mitchell Wilkie Rachelle Williams Paula V Williams Raphyl K. Williams Ricardo Williams Nigel P. Williams Penelope N. Williams Sherwin D. Woodcock Nigel Yearwood Lloyd Yee Fung Edward Yee Ken-Cross Yuklan M. Yorke Gerard A. Young Fabian P. Young Richard P.

1233

Young Kristal L.

P 45


Members Resident Overseas (MRO) at 31 December 2011 454 815 1030 622 603 676 158 612 500 940 696 635 983 615 752 1088 517 537 730 1205 993 199

P 46

Achoy Wilton Alfred Marlon Alfred Karyl Attong Marcus Barden Elizabeth Monica Barrow Gina M Brewster Rendell L Brown Lennox D. Chapman Errol B. Chatergoon Anil Chin Amelia Chinafat Annie Clapham Curtis Kerry Cooper Gary C. G. Dasent Jelka De Freitas Tineke A. Dyer Russell V. Fullerton Robert Victor Jagmohan Indraine Jeffers Kristle Jennings Ricaido Joseph Henry A .

908 941 182 921 499 583 558 791 1065 1020 802 513 718 785 960 1034 1322 985 457 1248 977 421

Le Hunte Robert Mahabir Gaitri Mansoor Michael K Maraj-Dookiesingh Tralisa Michael Potella Nicholas-Camacho Martha Oxley Kenneth A. Rafeeq Atash Afzal Raghunanan Kerwin Ramdass Vidya Ramjattan Puran Romano Nigel L Seereeram Indrani Shillingford-Stewart Eugenia Solomon Joseph Sookram D David Spencer Maxayne T. Sylvester Pearlena Judith Tang Tyrone Walcott-Grappie Daryl Willian Petit Wilson Lauriston F.


Members in Retirement (MR) at 31 December 2011 134 177 475 62 322 167 407 353 1027 213 857 328 234 68 169 278 243 5 692 214 55 429 709 13 361 14 45 661 579 343 354 92 451 209 222 74

Aguilera Gaston S. Alexis Lennox O. M. Ali Hazrath M. Alleyne Oswald B. Anatol Hazel A. Anatol Keith Andrews Michal Y Andrews St Aubyn H. Aqui Selwyn S Armorer Marilyn A. Bada Lylla Rose Balroop Nandalal Bassaw Dipnarine J. Buxo Paul Anthony Castro Hugo I. Chang Leslie P. Chang Mark C. Chang Terrance G. Charles Leslie A. Chrysostom-Henry Wilma Clunis Alwin N. Codrington-Vincent Genevieve E. Darmanie Lennox M. David Earl Doodnath Winston A. Edoo Ameer A. Edoo Jamila Elcock Winston J. Frederick Junior M. Goon Lun Herbert Greaves Cheryl F. Harnanan Lessy E. Harnarine Almida C. Haynes Osborne K. Henry Kenneth Q. Hobday Richard O.

22 352 100 236 1141 587 295 210 195 329 270 248 173 156 32 79 135 459 260 183 291 249 205 285 393 463 443 147 725 526 128 115 226 597 151

Hunt John M. Jokhoo Seunarine Joseph Leonard A. Kelshall Christopher J. Khan Lloyd King Marcia L . Krogh Douglas A. Lalsingh Herbert S. Lewis Carlton S Lewis Richard Fitroy Lucie-Smith William P. Lutchmeesingh Krishna Madray Michael E. Maharaj Baldeo S. Martin John B. C. Mathura Bholan J. Mc Lachlan Keith I. Mitchell Graham F. Mohammed Rashide T. Mootoo Kelvin R. Morris Judith Omardeen Wahid A. Ottley Irwin P. Persaud Charles F. Poon-Mayers Lesly E. Rahman Zeyn S. Rodriguez Herman C. Sadler Christopher S. Salandy-Bishop Suzanne Sandy Neville O. Scott W. H. Pierpont Subero Kelvin W. Syne Osman H. Taitt Anthony D. Tom Yick Rupert

P 47


  Subert Gilbert, CISA Subert Gilbert currently serves as General Manager of ICATT. He is a former Director of Tax Administrator and Assistant Commissioner of the Inland Revenue Division. He is a Certified Computer Audit Specialist, a Certified Information Systems Auditor and an Associate member of the Association of Certified Fraud Examiners.

ICATT Staff 2012 Subert Gilbert, General Manager Cynthia Lyons, Corporate Secretary Avion Alves- Rollock, Accountant Camille Applewhaite, Manager, Education, Students & Members’ Relations Oneika Bushell, Marketing & Corporate Communications Officer Tricia Mayers- Ashby, Membership/ Training Co-ordinator Leela Satwar, Administrative Assistant Kyzier Foster, Accounting Assistant Gizelle Gittens, Senior Customer Service Representative Sara Affonso- Smith, Customer Service Representative Barry Bishop, Customer Service Representative Ariel Burgin, Acting Customer Service Representative Ricardo Sullivan, Acting Office Assistant

P 48



2nd Floor, Building A Professional Centre 11-13 Fitzblackman Drive South Woodbrook Port-of- Spain

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF TRINIDAD AND TOBAGO

Recommend Documents