Find Accountancy, Audit and Tax expertise in St Kitts and Nevis

Overview

There are many accountancy firms in St Kitts and Nevis, including two of the international ‘Big Four’, PWC and KPMG. St Kitts and Nevis is a member of the Organisation of Eastern Caribbean States (OECS) and therefore its auditing regulation is controlled centrally by the Eastern Caribbean Central Bank (ECCB). Banks are obliged to comply with at least the minimum International Financial Reporting Standards (IFRS) as well as the ECCB’s requirements. The ECCB requires banks to submit an annual audit, a quarterly report of income statements and a monthly report on their balance sheets. Transparency of financial operations is important as local banks are required to publish their financial statements annually in local newspapers and to exhibit them in their offices. The Companies Act makes a clear distinction between public companies and other businesses when it comes to accounting and auditing guidelines. The World Bank Ease of Doing Business Index (2011) placed St Kitts and Nevis, along with 16 others including St Vincent and the Grenadines, 183rd out of 183 countries with regard to resolving insolvency.

Accountancy, Audit and Tax organisations in St Kitts and Nevis
PricewaterhouseCoopers