[2] BICA was formed by Maitland Cates, Basil Sands and Clifford Culmer, who were among the first Bahamians to qualify as chartered accountants in the 1960s.

[3] The Bahamas Institute of Chartered Accountants was incorporated on 6 August 1971.

[4] On 18 June 2011 BICA celebrated its fortieth anniversary with a banquet at the Atlantis Grand Ballroom.

The institute promotes best practices of financial reporting, promotes professional education of accountants, provides for education and examination of professionals, arranges lectures and discussions and disseminates information.

[7] BICA is also a member of the Institute of Chartered Accountants of the Caribbean.