The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has become the eleventh member of international body Chartered Accountants Worldwide. CA Sri Lanka is the sixth Chartered Accountancy body to be awarded Associate membership to the organisation since it was launched in February 2013.
As an Associate Member, CA Sri Lanka joins a group of globally-recognised Chartered Accountancy bodies that are committed to enhancing the value of the Chartered Accountant brand and the profession. Being admitted to Chartered Accountants Worldwide recognises the importance of the qualification in Sri Lanka and demonstrates CA Sri Lanka’s commitment to the highest professional and ethical standards.
Established in 1959 by an Act of Parliament (No. 23 of 1959), CA Sri Lanka has continuously endeavored to uplift professional standards both in Sri Lanka and abroad, while also playing an integral role as the sole accredited authority that formulates Accounting and Auditing Standards for Sri Lanka.
Chartered Accountants have been a mark of excellence in the accountancy and business sectors for over 150 years. There are Chartered Accountants working in over 200 locations across the world.
Pat Costello, Chairman of Chartered Accountants Worldwide said: “We are delighted that CA Sri Lanka has joined the Chartered Accountants Worldwide family. CA Sri Lanka has played a key role in developing the accountancy profession in Sri Lanka over the last six decades and shares our ambition to work together and promote the very highest standards of the profession globally. We look forward to the fresh perspectives CA Sri Lanka will bring to the table.”
President of CA Sri Lanka, Mr Lasantha Wickremasinghe, said: “CA Sri Lanka plays a very significant role in enhancing and uplifting the accountancy profession in the country. We take great pride in our standing as a national body with a global outlook. We strongly believe in staying ahead and keeping up to date with the latest changes locally as well as globally and forging important alliances.CA Sri Lanka is delighted to receive Associate membership from Chartered Accountants Worldwide. I believe this will be the beginning of a very fruitful collaboration between both organisations, and will be a stepping stone in further enhancing the brand and standing of our members.”
Prof Mardiasmo, President of Ikatan Akuntan Indonesia (IAI/Indonesia Institute of Chartered Accountants) like to welcome CA Sri Lanka to join CAW. Membership with and recognition from CAW is a key milestone in continuous efforts to further strengthen the CA qualification around the world, with the broader aim to build the capacity of professional accountants in the country and be ready with the ever-changing regional and global environment.
He said, “I believe accountants in Sri Lanka, as well as in Indonesia, welcome the opportunity to work together with Chartered Accountants Worldwide and its members, to strengthen the role of the accountancy profession and influence the future of the global profession.”
Chartered Accountants are right at the heart of business and play a vital role throughout the global economy. IAI is one of the associate members of Chartered Accountants Worldwide; an international body that brings together institutes from across the globe. “We are committed to working together with other like-minded organisations to promote the Chartered Accountants brand and support its members. I am delighted to welcome CA Sri Lanka to the organisation,” Mardiasmo said.
By joining Chartered Accountants Worldwide as an Associate member, CA Sri Lanka, with over 5,000 members, ensures the continued expansion of the organisation who now support over 640,000 members worldwide. Chartered Accountants Worldwide members include founder members: Chartered Accountants Australia and New Zealand (CA ANZ), Chartered Accountants Ireland, ICAEW, ICAS and the South African Institute of Chartered Accountants (SAICA), and associate members: the Institute of Singapore Chartered Accountants (ISCA), the Institute of Chartered Accountants of Pakistan (ICAP), the Zambia Institute of Chartered Accountants (ZiCA), the Institute of Indonesia Chartered Accountants (IAI) and the Institute of Chartered Accountants of India (ICAI).