Information:
 The
Gambia Institute of Chartered Accountants (GICA) was
founded by the Financial Reporting Act 2013 which repealed
the Accountants Act of 1991 thereby replacing the Gambia
Association of Accountants (GAA). The 2013 legislation
supported by the World Bank through the Report on the
Observance of Standards and Codes (ROSC) is a significant
development in the development of the accountancy profession
in the country.
Members of the Gambia Institute of Chartered Accountants
are required to achieve particular minimum qualifications
with the recognised professional accountancy bodies
such as ICAEW, ACCA, alongside relevant audit experiences
at the level of an audit senior before an audit practicing
certificate can be issued by the Council body.
It is a legal requirement that all firms aiming to provide
auditing and accounting services in The Gambia apply
for registration to the institute as a member firm.
Some of the registered firms with the GICA are Augustus
Prom, PKF, Foresight Chartered Accountants and Management
Consultants, DT Associates, Payce Consulting, HAD &
Co. and Accord Associates. These are firms that are
licensed by GICA to carry out audit assignments in the
The Gambia. There may be a number of firms operating
inside the country that are not registered with GICA.
Performing accounting and auditing engagements in The
Gambia without registration is unlawful.
One of the advantages of becoming an accounting institute
is the provision of the GICA's own locally offered professional
accountancy examination or as part of a regional body.
Based on the institue's membership of the Association
of Accountancy Bodies of West Africa (ABWA), the institute
had introduced the Accounting Technician Scheme of West
Africa (ATSWA) in 2018 which is the equivalent of CAT
and AAT and. The aim of the ATSWA is to ensure harmonisation
of the accountancy qualification in West Africa at the
level of the technician which allows for greater movement
of workforce in the region. Graduates from the ATSWA
can go on to the professional stage of the Examination
similar to IGAC and ICAN of Ghana and Nigeria both of
which are recognised by ICAEW and ACCA.
Directions:
From Westfield Junction in Serrekunda
go west along the Kairaba Avenue towards the coast.
GICA office is at the traffic lights in Standard Chartered
House at the junction.
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