Industry Input Invited
The Bahamas Government is consulting with the financial services industry on an OECD document relating to international requirements and information exchange; specifically, the development of standards for the preparation of accounts, and the filing or auditing of such.
The Hon. James Smith, Minister of State in the Ministry of Finance, said the consultations are in line with the Government's public commitment of dialogue with the private sector on matters which might materially affect them.
Pursuant to intensive negotiations between the Government and the OECD Secretariat, the Bahamas earlier this year agreed to enter into dialogue on a number of issues. The OECD now has submitted for review and discussion, a draft document titled "The Accounts and Filing or Auditing Requirement", its first attempt to outline the types of measures it would expect The Bahamas and other committed jurisdictions to put in place in order to comply with the international
