The Bahamas Institute of Chartered Accountants (BICA) urges the government to adopt accrual accounting to improve financial management in the public sector. This approach would provide a more accurate view of the country's net worth and obligations. BICA also proposes professional certifications to support government accountants and is committed to raising awareness among the new generation about opportunities in the field of accounting.
BICA calls for a transition to accrual accounting for the government
This article was updated at 19:35.