The below are the guidelines in accordance with ICATT Rules and Regulations 2018. Please note that these guidelines have no regulatory status. It is issued for guidance purposes only, and in the event of any conflict between its content and the said Rules and Regulations, the latter shall at all times take precedence. Therefore, these guidelines should not be regarded by members as a substitute for familiarizing themselves with the appropriate regulations or, where necessary, obtaining specific advice concerning a specific situation.
The aim of this guideline is to familiarize members, including students, registered graduates, or firms, with the disciplinary procedure of the Institute.
Click here to access the Guideline on Complaints and Disciplinary Procedure
To achieve this global support, ACCA works in partnership with ICATT based on a Joint Examination Scheme (JES) Agreement. This partnership provides access to ACCA's internationally accepted scheme of exams. Under this agreement ICATT is authorized to provide administrative support to ACCA students resident in Trinidad and Tobago. Local accountancy students must register with both bodies and are thereby able to satisfy the exam criteria for membership
Click here to access the Guideline on Continuing Professional Development (CPD)
ICATT sets out the eligibility criteria for obtaining Auditing and Practising certificates. The continuity of practice requirements are contained in Practising regulations 12.1 to 12.3 of the ICATT Rules and Regulations 2018.
Click here to access the guidelines on Continuity of Practice
The Council of ICATT has redefined the Public Interest Entity for audit periods beginning on January 1, 2024. Additionally, the Long Association for Senior Personnel Exemption becomes effective for audits of financial statements for periods beginning on or after December 15, 2017.
Redefined Definition of a Public Interest Entity
This paper highlights the revisions to the fee-related provisions of the IESBA code, specifically under the heading “Transparency of Information Regarding Fees for Audit Clients that are Public Interest Entities”, as well as application guidance regarding the revisions. These revisions are effective for audits of financial statements for periods beginning on or after December 15, 2022.
Position Paper on fee related provisions of the International Ethics Standards Board(IESBA)Code
ICATT has developed this guideline on the use of sanctions to assist in its disciplinary and appeal process. This guideline is for use by the Disciplinary Tribunal and Appeal Committee when they are considering which sanction to impose on an individual or firm.
Click here to access the guideline on Disciplinary Sanctions
Effective January 1, 2018, firms whose members are in good standing may be registered with ICATT upon payment of the applicable fees. Registration is renewed annually.
This guideline provides guidance to members (based on current legislation and ICATT Rules) on the issuance of Practising and Auditing Certificates, particularly for members new to practice.
Click here to access the Guideline for the Issuance of Practising and Auditing Certificates
This note provides guidance to MPA Auditing who act as Accredited Supervising Principals, supervising the professional work of applicants for Auditing Certificates.
Click here to access guidelines on MPA and Accredited Supervising Principals
This guideline provides guidance to members in understanding ICATT’s Practice Monitoring Program. It is particularly useful for those new to practice or planning to set up in the future.
PII policies provide coverage for practitioners against claims of professional negligence. ICATT requires all holders of practising and auditing certificates to obtain appropriate insurance cover.
Click here to access guidelines on Professional Indemnity Insurance
On July 21, 2015, the Council approved the Guideline for Reviewing Audit Monitoring Reports, outlining how audit monitoring reports are reviewed by the Licensing Committee (formerly called the Quality Assurance Committee). Council updated the guideline in accordance with IFAC SMO 1 on April 5, 2016.
Click here to access guidelines on Reviewing Audit Monitoring Reports
This document provides guidance on temporary registration. In accordance with the ICATT Rules and Regulations 2018 - Rule 2.11, the Council may grant temporary registration to any applicant for a period not exceeding six months to those undertaking public practice in Trinidad and Tobago, where the applicant meets all stated conditions.
Click here to access the guideline on Temporary Registration
This policy provides guidance for the annual invoicing of members in relation to subscription dues and the delisting of those members who fail to make payment by the deadline. Applications for a waiver of dues may be considered under conditions stipulated in this policy.
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