Find Accountancy, Audit and Tax expertise in St Vincent and The Grenadines

Overview

St Vincent and the Grenadines 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. In terms of resolving insolvency the World Bank Ease of Doing Business Index (2011) ranks St Vincent and the Grenadines, along with St Kitts and Nevis and 15 others, in 183rd place out of 183 countries.

Accountancy, Audit and Tax organisations in St Vincent and The Grenadines
Defreitas & Associates
PKF - St Vincent