ACCA and the Cayman Islands Institute of Professional Accountants (CIIPA) have agreed on a joint examination scheme (JES) designed to build additional professional accountant capacity within the Cayman Islands to support the financial services industry and the economy.

ACCA (the Association of Chartered Certified Accountants), and CIIPA have signed a deal enabling the two bodies to work together in the interest of professional accountancy education.

CIIPA knows that for government and private sector employers, growing local accounting talent is essential in building local capacity. 

Students will register with both ACCA and CIIPA under the scheme. This will allow students to be able to receive relevant support and benefits as they work towards meeting the exam requirements for full membership with both ACCA and CIIPA simultaneously. 

For ACCA, the Cayman Islands’ June 2024 deal joins five other JES partners in the Caribbean. Paula Marcelle-Irish, Head of ACCA Caribbean, said: “It is exciting that CIIPA is now a JES partner with ACCA joining Barbados, Belize, Guyana, Jamaica and Trinidad & Tobago.

This partnership with CIIPA marks a significant milestone in our commitment to providing world-class accounting education and professional development opportunities, while also strengthening the accountancy profession in the Cayman Islands. Through this collaboration, students in the Cayman Islands will gain access to enhanced resources, comprehensive training, and unparalleled support, equipping them with the skills and knowledge needed to excel in the global accounting profession.”

For CIIPA the deal further signifies the local recognition and relevance of the ACCA qualifications. With students gaining membership of ACCA and CIIPA, both bodies recognise that the deal widens access to the accountancy profession in the Cayman Islands. 

Sheree Ebanks, CEO of CIIPA, said: “CIIPA believes this partnership marks an exciting new chapter in the ongoing development of the accountancy profession in the Cayman Islands. This brings a world class professional qualification to our students right here in the Cayman Islands. We look forward to working with ACCA in delivering the global accountancy qualifications that are essential to our economy.”