Institute of Chartered Accountants of Jamaica

What Institute of Chartered Accountants of Jamaica does

The Institute of Chartered Accountants of Jamaica (ICAJ) is a non-profit professional membership organization and statutory regulatory body established on January 18, 1965, and headquartered at 8 Ruthven Road, Kingston 10, Jamaica. Under Jamaica's Public Accountancy Act (1968), ICAJ is the sole body authorized to regulate the Chartered Accountant (CA) and Fellow Chartered Accountant (FCA) designations, and it operates as a member body of the International Federation of Accountants (IFAC). It serves over 1,400 members and 3,000 registered students, with a lean secretariat of approximately 12 staff led by Executive Director Rosemarie Heaven.

ICAJ's core product is its membership program, supported by the ICAJ/ACCA Joint Examination Scheme (established 1984) for student qualification, mandatory Continuing Professional Development, and the Career Centre job board. Additional services include an online store for merchandise and event tickets, a quarterly newsletter and publications library, events and seminars (Business Conference, Annual Awards Banquet, Chartered Accountants' Week, IFRS Workshops, Taxation Webinars), an awards and bursaries program, a public members directory, and the CGMA Finance Leadership Programme delivered through the 2020 AICPA partnership. All member-facing services are delivered through a web platform powered by YourMembership.com association management software.

ICAJ generates revenue through annual membership subscriptions (due April 1st), event and webinar registration fees (with member discounts), practising certificate fees, publications and merchandise sales, and donations to the Welfare Fund and Outreach Projects. It is governed by an elected Council with a President (currently Eric Scott, elected 2023) and operates as an independent self-governing body accountable to its membership rather than any parent company or investor.

Name

Institute of Chartered Accountants of Jamaica

Legal name

Institute of Chartered Accountants of Jamaica

Website

https://icaj.org

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

11–50 employees

Short description

The Institute of Chartered Accountants of Jamaica (ICAJ) is the statutory regulatory body for Chartered Accountant and Fellow Chartered Accountant designations in Jamaica under the Public Accountancy Act, serving 1,400+ members and 3,000 students through membership, examinations, and professional development.

Ownership category

akta.pro rank

Product category

Professional Accountancy Regulation

akta.pro industry

PRIMARYEDAAANAD

Finance, Accounting & Risk (CFA/CPA/FRM) Certifications

Education/Adult & Continuing Education/Professional Certification Programs

SECONDARYBPAHAFAD

Internal Audit & SOX/ICFR Advisory

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Risk, Compliance & Governance Advisory

Keywords

• Professional accountancy regulation
• Chartered accountant designation
• Continuing professional development
• Professional membership services
• Joint examination scheme

Headquarters

HQ city

Kingston 10

HQ country

Jamaica

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Membership Fees: Annual membership fees due April 1st for all member categories including Associate, Affiliate, and Fellow members. Practicing members require additional Practising Certificate fees.
2. Events and Seminars: Revenue from seminar and webinar registration fees including taxation webinars, IFRS workshops, and business conferences. Members receive discounted rates.
3. Publications and Merchandise: Sales of ICAJ History Book ($2,500 JMD), banquet tickets for Annual Awards Banquet ($18,260.87 JMD), and other organizational merchandise through the online store.
4. Donations: Donations accepted for ICAJ Welfare Fund, ICAJ Outreach Projects, and The General Fund through online donation portal.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

ICAJ is the statutory regulatory body for Chartered Accountants in Jamaica, issuing and regulating the Chartered Accountant (CA) and Fellow Chartered Accountant (FCA) designations under the Public Accountancy Act (1968). It provides professional membership services, administers the ICAJ/ACCA Joint Examination Scheme for student qualification, delivers Continuing Professional Development (CPD), and represents Jamaican accountants internationally through its IFAC membership.

Product overview

The Institute of Chartered Accountants of Jamaica (ICAJ) operates a membership-based professional organization with multiple interconnected services. The core offering is its membership program, which provides Chartered Accountant (CA) and Fellow Chartered Accountant (FCA) designations regulated under the Public Accountancy Act. Supporting this are the ICAJ/ACCA Joint Examination Scheme for student qualification, Continuing Professional Development requirements, and a Career Centre job board. Additional services include an Online Store for merchandise and event tickets, Publications including newsletters and annual reports, Events and Seminars for professional education, Awards Programs recognizing member achievements, a Members Directory for verification, and the CGMA Finance Leadership Programme partnership with AICPA. The organization also accepts donations through its Welfare Fund and Outreach Projects. All services are delivered through a web-based platform powered by YourMembership association management software.

Differentiator

Problem solved

Functional benefit

Products and services

• ICAJ Membership Services Professional membership program offering Chartered Accountant (CA) and Fellow Chartered Accountant (FCA) designations to accounting professionals in Jamaica, with categories including Associate, Affiliate, and Fellow in both public practice and non-public practice tracks.
• ICAJ/ACCA Joint Examination Scheme Partnership program allowing students to register with both ICAJ and ACCA simultaneously and qualify for membership of both organizations through ACCA professional examinations administered locally with ICAJ administrative support.
• Continuing Professional Development (CPD) Ongoing professional education program requiring members to maintain education through seminars, workshops, and webinars to ensure compliance with IFAC standards and ICAJ Bye-Laws.
• Events and Seminars Professional events including webinars, workshops, business conferences, and seminars on topics such as taxation, IFRS, and accounting standards, with online registration and ticketing.
• CGMA Finance Leadership Programme Partnership with AICPA providing expedited pathway to the Chartered Global Management Accountant designation for ICAJ members and students, offering online learning and professional development.
• Career Centre Job board and career resources platform connecting ICAJ members with employment opportunities, featuring job postings, opening searches, and career development resources.
• Online Store E-commerce platform for purchasing organizational merchandise, including publications, banquet tickets, and event registrations.
• ICAJ Publications Quarterly newsletters, annual reports, advisories, and IFAC updates distributed to members, documenting Institute activities and professional developments.
• Members Directory Public searchable directory enabling location and verification of ICAJ members, including practising members list and lifetime members registry.
• Donations and Welfare Fund Charitable giving platform supporting the ICAJ Welfare Fund for members in need, Outreach Projects for children's homes, and general organizational fund.

Quantifiable outcome

• ICAJ has over 1,400 members and 3,000 registered students

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• AICPA (American Institute of Certified Professional Accountants)coreStrategic or Co-development Partner · 15 December 2020MOU signed December 2020 for the CGMA Finance Leadership Programme. Provides expedited pathway for ICAJ members and students to earn the Chartered Global Management Accountant designation. Creates membership pathway to AICPA and Association of International Certified Professional Accountants (650,000 members globally).
• ACCA (Association of Chartered Certified Accountants)coreStrategic or Co-development Partner · 1 January 1984Joint Examination Scheme established in 1984 during Kenneth Lewis's presidency. Students register with both ICAJ and ACCA, satisfying exam criteria for membership of both simultaneously. ICAJ mediates on behalf of students sitting ACCA examinations locally and handles registration and administrative needs.
• IFAC (International Federation of Accountants)coreOthersICAJ is a member body of IFAC, contributing to international policy making and ensuring members operate in accordance with international standards including IFRS and ISAs.
• Public Accountancy Board (PAB)coreOthersGovernment regulatory body that issues Practising Licenses required for ICAJ members to sign off on financial statements. Works with ICAJ under the Public Accountancy Act to regulate the profession.
• CGMA (Chartered Global Management Accountant)minorOthersPartnership through AICPA offering CGMA designation - the most widely held management accounting designation globally with over 137,000 designees.
• CPA CanadaminorOthersRelated professional accounting body listed as a related organization on ICAJ website for cross-referencing and professional recognition.
• ICAC (Institute of Chartered Accountants of the Caribbean)minorOthersRegional body established October 28, 1988 following the First Caribbean Conference of Accountants hosted by ICAJ in 1978. Aulous Madden drafted founding documents and chaired steering committee.

Scale indicators3 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• ACCA (Association of Chartered Certified Accountants): Global professional accountancy body offering the ACCA qualification, with which ICAJ has run the Joint Examination Scheme since 1984. ACCA is a direct peer in the chartered accountancy designation and CPD space and operates in Jamaica alongside ICAJ.
• ICAEW (Institute of Chartered Accountants in England and Wales): One of the founding "chartered accountant" bodies globally, ICAEW grants the ACA designation and regulates members in the UK and internationally. Highly comparable to ICAJ as a chartered accountancy institute with statutory regulatory powers and IFAC membership.

Broad incumbents

• AICPA (American Institute of Certified Professional Accountants): Largest US accounting membership body (650,000+ members) and operator of the CGMA designation, with which ICAJ signed a 2020 MOU. Comparable as a chartered/CPA designation issuer and CPD provider, though operating at much larger scale.
• Chartered Accountants Australia and New Zealand (CA ANZ): Major regional chartered accountancy body formed via merger of ICAA and NZICA, issuing the CA designation. Comparable to ICAJ in mandate (designation regulator, IFAC member, CPD provider) but serving a much larger membership across Australia and New Zealand.
• CPA Canada: Canadian national chartered professional accountant body and listed ICAJ partner. Comparable as a chartered accounting regulator and CPD provider serving a national membership base under statutory authority.

Regional players

• Institute of Chartered Accountants of Trinidad and Tobago (ICATT): Caribbean counterpart chartered accountancy body regulating the CA designation in Trinidad and Tobago under its own national legislation. Directly comparable in scale, mandate, and Caribbean regional context, and a fellow ICAC member.
• Institute of Chartered Accountants of Barbados (ICAB): National chartered accountancy institute regulating CAs in Barbados. Same template as ICAJ (national statutory body, IFAC member, Caribbean jurisdiction) and directly comparable in services, governance, and member economics.

Others

• IFAC (International Federation of Accountants): Global umbrella organization for professional accountancy bodies, of which ICAJ is a member. Not a direct competitor but the apex body that sets international standards (IFRS, ISAs) and to which ICAJ's framework aligns.
• ICAC (Institute of Chartered Accountants of the Caribbean): Regional Caribbean chartered accountancy body established in 1988, whose founding was driven in part by ICAJ (ICAJ hosted the First Caribbean Conference of Accountants in 1978). Functions as a regional coordinating body across ICAJ and peer Caribbean institutes.
• Public Accountancy Board (PAB) of Jamaica: Jamaican government regulator that issues practising licences required for ICAJ members to sign off on financial statements. Adjacent regulator operating alongside ICAJ under the Public Accountancy Act (1968).

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/icaj
• LinkedInlinkedin.com/company/institute-of-chartered-accountants-of-jamaica

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

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Frequently asked questions about Institute of Chartered Accountants of Jamaica