Accounting & Internal Controls
This professional organization is the governing body for internal auditing standards.
Institute of Internal Auditors
Developed by ISACA, this framework provide structure for developing, implementing and improving IT governance and management.
COBIT Framework
This Act repealed and replaced with one of the same name, is the primary legislation governing securities and investment activities
Securities Industry Act, 2024
The highest point in the islands of The Bahamas
Mount Alvernia
Country that will hold the 2028 Olympics
This risk management model assigns responsibilities for managing risk and controls across 3 levels of the organization
Three Lines of Defense model
This process involves simulating adverse conditions to assess a company's ability to withstand stress and economic shocks.
Stress Testing
This law, to combat tax evasion requires foreign financial institutions to report on accounts held by U.S taxpayers to the IRS.
FATCA
With over 6,500 employees this company is the largest private employer in The Bahamas
Atlantis Paradise Island Bahamas
This Olympic partner since 2022 has formed a "partnership with purpose" with the IOC.
Deloitte
This control involves comparing record from different sources to ensure consistent and accuracy.
Reconciliation
This is framework includes 3 key pillars for businesses to measure their sustainability and Ethical impact
Environmental, Social and Governance ("ESG")
This regulatory body oversees and enforces compliance in securities and investments activities in The Bahamas
Securities Commission of The Bahamas
Developed in 2020, this form of digital currency is the first of its kind to provide an alternative to physical cash in The Bahamas.
Sand Dollar
This athlete currently holds the record for most Olympic gold medals won by an individual athlete
Michael Phelps
Established in 2001, his professional body provides guidelines and standards for financial reporting and auditing
International Accounting Standards Board ("IASB")
This practice involves simulating attacks to identify vulnerabilities and assess effective cyber security measures.
Penetration testing
Established in 2013, this authority is tasked with the insurance industry.
The Insurance Commission of The Bahamas
This island now known as San Salvador was first named what by the Taino inhabitants
Guanahani
This sport, added to the Tokyo 2020 Olympics require athletes to execute tricks and maneuvers on wheels showcasing balance and creativity
Skateboarding
This line of defense involves operational management and staff responsible for managing risk and control processes on a day-to day basis
First Line of Defense
This regulatory body requires companies disclose significant cybersecurity beaches.
SEC
Following the 2008 market crash this framework was introduced to strengthen regulation and risk management within the banking sector.
Basel III
The National song of The Bahamas
"God Bless our Sunny Clime"
This Olympic sport once consisted of fencing, freestyle swimming, equestrian show jumping pistol shooting, and cross country running.
Pentathlon