ICAG is the only nationally recognized professional accountancy organization (PAO) established under the Institute of Chartered Accountants of Guyana Act of 1991. ICAG’s mission is to regulate the accounting and auditing profession and promote and contribute to the advancement and professional training of all its members. Its members are Charted Accountants that hold membership of at least one the internationally recognized PAOs identified here. All applicants to ICAG must be citizens of Guyana. ICAG’s functions include to: (i) set membership requirements and rule on admission decisions; (ii) issue practicing certificates for members; (iii) maintain a register of its members; (iv) regulate the discipline and professional conduct of its members and students; (v) establish ethical requirements; (vi) enforce initial professional development requirements; (vii) establish continuing professional development requirements; (viii) adopt accounting and auditing standards; (ix) establish a quality assurance system; and (x) advise the government on legislation related to the profession. In addition to being a member of IFAC, ICAG is member of the Institute of Chartered Accountants of the Caribbean.