At this week’s AGM Stephen Reyes, managing partner of Deloitte, was unanimously elected President of the Gibraltar Society of Chartered and Certified Accountancy Bodies taking over from Jose Julio Pisharello who completed the maximum two year term permitted by the Society’s rules.
Stephen takes over the helm in what is expected to be a period of great change for the accountancy profession locally with the introduction of the Auditors Approval and Registration Act which will
see supervision of auditors for the first time and with the tax reform imminent.
Stephen commented “I am honoured and enthusiastic to be taking over at such an exciting time for the accountancy profession. I have a great team working with me in the newly elected executive committee and in the specialist sub-committees and I look forward to ensuring that the accountancy profession’s viewpoint is heard and in assisting with Gibraltar’s continued development as a finance centre both in my role as President and through our membership of the Gibraltar Finance Centre Council”.
On being elected, Stephen praised the work done by the outgoing President who led the Society admirably over the last two years. Jose Julio has not only been instrumental in ensuring the European led changes affecting auditors were clearly understood by all but has also been heavily involved in assisting Government in legislating for them. In his outgoing speech, Jose Julio set out the various areas that the Society had been involved in during his term.
Apart from the changes relating to the supervision of auditors, the upcoming tax reforms were also an area that had occupied a substantial portion of his time. “For the continued prosperity of the Finance Centre, the key point is for Gibraltar to be removed from any lists which labels us directly or indirectly as a tax haven”, stressed Jose Julio.
Aside from the election of Stephen as President, Freddie White was elected Vice-president; Jon Tricker was elected Secretary/Treasurer and Colin Vaughan, Ian Collinson and Desiree McHard were elected to the executive committee.