The Eastern Caribbean Institute of Chartered Accountants (ICAEC) presented Mr. Frank Vernon Myers with an award recognizing his outstanding contribution and continued support to the accountancy profession in Saint Lucia and the Eastern Caribbean.
The award was presented at the closing cocktail of Accountants’ Week which was celebrated in the Eastern Caribbean from November 21-27, 2021, with a series of events for ICAEC members. Non-members were also invited.
Frank has been involved in the advancement of the accounting profession since 1992 when he was elected President of the Institute of Chartered Accountants of Saint Lucia (ICASL). It forged a new direction for the profession in Saint Lucia, with members of the Institute seen as distinct from unqualified accountants. In 1996, the separation of qualified accountants became law when one of the main amendments to the 1985 law governing the Institute was the restriction of the title âChartered Accountantâ (of Saint Lucia) to members of the Institute only, and the public practice restriction to chartered accountants only. His efforts in this initiative have helped ensure that the accountancy profession rightly enjoys the same status and respect as the traditional professions of the island (medicine, law and engineering).
Frank was also integral in the launch of the Eastern Caribbean Institute of Chartered Accountants (ICAEC), which included ICASL and other institutes then established in the sub-region, and in September 2004 was elected first secretary of this organ. . In July 2006, he was elected President of ICAEC, a position he held until 2015. Under his presidency, ICAEC began the implementation of the Operations and Quality Assurance Manual of the ICAEC. Institute, a project funded by the World Bank and facilitated by the Eastern Caribbean Central Bank (ECCB). From 2013 to 2015, Frank simultaneously served as President of the Caribbean Institute of Chartered Accountants (ICAC). Previously, while he was Director of ICAEC on the Board of Directors of ICAC, he was Secretary (2009 and 2010) and Vice President (2011 and 2012) of ICAC.
As a Professional, Frank was the Resident Partner in Saint Lucia for KPMG Eastern Caribbean from 1992 to March 2017. During his tenure he employed and mentored numerous Chartered Accountants who are now in the business. He retired from public practice in September 2017 and currently runs a consulting firm in his name and is still an active member of the Institute.
The ICAEC was grateful for having had the opportunity to honor Frank with this award, at this OECS first joint regional celebration of Accountants’ Week.