The passage of the Public Accountants Law and its associated regulations in 2007 gave increased regulatory responsibilities to CISPA.

Under the new law, CISPA became responsible for regulating the profession in the Caymans, including members and other accountants.

[4] As of 2008 the Institute of Chartered Accountants of the Caribbean (ICAC) was continuing membership discussions with CISPA from the previous year.

[3] Reviewing the first year of UCCI's Certified Accounting Technician program, CISPA considered that it had been successful, although some changes could be made to better prepare students for their first work experience.

[7] CISPA is a member of the Cayman Islands Financial Services Association (CIFSA), formed in November 2003.