The Cayman Islands Financial Services Association praised the local accounting profession for adopting a new regulatory framework that will enhance the Cayman Islands’ oversight of the financial services sector.
At an official launch of the “New CISPA” (Cayman Islands Society of Professional Accountants), the local accounting body celebrated a new era of regulatory oversight for the accountancy profession in the Cayman Islands that it hopes will raise standards and further increase international confidence in the financial services sector.
“The accountancy industry in the Cayman Islands should be recognized as a prime example of an industry regulating itself, rather than a government body,” said Andrew Johnson, director of the Cayman Islands Financial Services Association. “New CISPA will ensure that the highest standards are implemented and practiced in the Cayman Islands.”