 In the early 2000s there were well-publicized failures of companies such as Enron and Worldcom in the United States, and Parmalat in Europe.ICAJ came under pressure to ensure that Jamaican companies could not have similar problems, which should have been caught by auditors.In October 2002 ICAJ announced that it was embarking on a financial system improvement project that would strengthen the enforcement and compliance framework of the accountancy profession in Jamaica and ensure that investors received accurate information.