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JSE signs memorandum

Published: Tuesday February 14, 2012 | 1:11 pm Comments 0

Livern Barrett, Gleaner Writer

The Jamaica Stock Exchange (JSE), this morning signed a memorandum of understanding with the Institute of Chartered Accountant of Jamaica, aimed at improving the standard of financial reporting by companies listed on the stock exchange.

Chairman of the JSE's regulatory and market oversight committee, Livingston Morrison, said the MOU will allow the JSE to continue to improve its regulatory functions.

Speaking at a signing ceremony held just before the opening bell to mark the start of trading today, Morrison said the MOU would allow the JSE to leverage the accounting and financial reporting capacity of the Institute of Chartered Accountants and its members.

President of the Institute Vintoria Bernard said greater collaboration with regulatory bodies is required, if the standards of financial reporting are to improve in all areas of the economy.

She said the MOU will further the Instituteís efforts to ensure that local accounting practices are in line with international best practices.

radio@gleanerjm.com

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