President of the newly established Institute of Solomon Islands Accountants says the Accountants Act recently passed in parliament will help members to make a difference.

President of the Institute, Baoro Laxton Koraua, says members of the institute have not been active in the past because they have no secretariat.

But in a recent media interview Mr. Koraua says they now have a secretariat in place which they hope would "make a difference in terms of keeping up with international best practice."

He says membership is open to interested practitioners, as well as students who study accounting.

Mr Koraua says the institute is working closely with the Certified Practicing Accountants (CPA) of Australia in terms of relevant training, and will also look at forging similar ties with CPA Papua New Guinea.