The monthly "President Time" initiated by the President in 2001 continued during the year to keep members informed and in dialogue with Council and with other members.

On December 19, 2002 the ICA Belize web site www.icab.bz was launched at the Institute's Christmas Luncheon held at the Radisson Fort George Hotel. The site is a work-in-progress and already work is being contemplated to upgrade to a state of the art level suitable for sponsorship.

Overall the year was a very good one for the Institute. The rebuilding continued and the challenge of re-establishing members' support and confidence was met to a greater extent. Council developed firm linkages with members and members gave frequently their views, recommendations, compliments and feedback to Council.

Membership, however, decreased by two as a few members elected to have their names removed from the register of members. Nevertheless, Council is confident that as international forces compel regional bodies to partake in the protocols and rounds of the WTO, FTAA and CSME, and with the call and demand for highly trained professional accountants, it is just a matter of time before local accountants would need the acknowledgment of being a member of the Institute.

It is with this in mind that Council has been working progressively to ensure members a well-administered Institute. As a result, Council is pleased to submit this report to the members of the Institute.