ANCHAM and ACCA sign two year agreement

The American Chamber of Commerce (AMCHAM) Guyana and the Association of Chartered Certified Accountants (ACCA-Caribbean) Monday signed a two-year agreement to provide Guyana with the skills to better take advantage of the emerging oil and gas sector,
“I think it’s going to be really important to build the finance departments of those oil and gas companies because they are going to need strong auditing, they are going to need strong accounting background,” said AMCHAM Guyana President, Zulfikar Ally.
Ally, who signed the two-year accord with the head of the Association of Chartered Certified Accountants (ACCA), Caribbean, Shelly Ann Mohammed, added that “some of these might be global companies so the standards are going to be in alignment with global regulations and so they are going to need to be aware of these global regulations and what it means for them globally”.
Ally said that among the benefits would be the strengthening of the audit and accounts departments, leadership, ethics, governance and anti-money laundering.
Chartered accountant and chairman of Demerara Bank, Yesu Persaud, urged local business executives to make firm business decisions and that the government must be prepared to stand up to their European and North American counterparts instead of succumbing to their directives and so appearing to be inferior.
“If that country happens to be a European country or even the US, stand up for what is your right. Don’t give in. If you give in, that’s the end of your right,” said Persaud.