Government of the Republic of Trinidad and Tobago

Feature Address by the Hon. Colm Imbert, Minister of Finance at ICATT’s 15th Annual International Finance and Accounting Conference

As we explore the theme of “Pioneering Excellence,” we acknowledge the importance of being ahead of the curve during rapidly changing economic paradigms, regulatory environments, and technological advancements. Both the opportunities and the challenges we face are complicated.

The International Financial Reporting Standards, or IFRSs, are a fundamental concept in the financial community. They assist businesses in identifying and disclosing material information about risks and opportunities that could affect their cash flows, cost of capital, or access to financing.

The idea of integrated thinking—looking at the connections between business activity and stakeholders, society, the economy, and the environment—is crucial.