The Institute of Chartered Accountants of Sri Lanka Joins Chartered Accountants Worldwide and Strengthens International Presence

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.”

Chief Executive Officer of the Institute of Singapore Chartered Accountants (ISCA) Lee Fook Chiew said:” We welcome CA Sri Lanka to the expanding network of Chartered Accountancy bodies in Chartered Accountants Worldwide. We look forward to forging stronger relations with CA Sri Lanka and fellow Chartered Accountancy bodies globally to enhance the value and prestige of the Chartered Accountant designation, while supporting the growing number of Chartered Accountants in Asia.”

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).

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Media enquiries:

Institute of Singapore Chartered Accountants

Contact Betsy Tan on +65 6597 5608 or email betsy.tan@isca.org.sg

CA Sri Lanka

Mr. Lasantha Amarakoon lasantha.amarakoon@casrilanka.org and

Munza Mushtaq munza.mushtaq@casrilanka.org

Chartered Accountants Worldwide

Contact James Douglas on +44 (0)20 7920 8718 or email james.douglass@icaew.com  

Notes to editors:

 1. Chartered Accountants Worldwide

Chartered Accountants Worldwide has been created by the leading institutes of Chartered Accountants from around the world to support, develop and promote the vital role that Chartered Accountants play throughout the global economy. More information on the organisation can be found at charteredaccountantsworldwide.com 

Chartered Accountants Worldwide Associate membership is open to Chartered Accountancy bodies who:

• refer to their members as Chartered Accountants and legitimately use the Chartered Accountant brand;
• are a member of IFAC or an IFAC Recognised Regional Organisation (e.g., CAPA or PAFA);
• require their members to commit to continuing professional development;
• are committed to working together to promote the Chartered Accountancy brand; and
• can demonstrate how they are improving the quality of the Chartered Accountancy qualification.

 2. CA Sri Lanka

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is a globally recognized accounting organization in Sri Lanka which has been in existence for nearly six decades.

In its capacity as the country’s national professional accounting body, CA Sri Lanka plays a key role in enhancing the financial landscape of Sri Lanka, while working closely with the Government of Sri Lanka, Regulatory Authorities and the Private and Public Sectors in helping achieve the national economic objectives

Established in the late 1959 by an Act of Parliament (No. 23 of 1959), CA Sri Lanka has continuously endeavored towards uplifting the 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.

CA Sri Lanka enjoys an impressive standing in the accounting world, and is a member body in several leading global accounting bodies, including the International Federation of Accountants (IFAC) - the world apex body of accountants, Confederation of Asian and Pacific Accountants (CAPA) and a founder member of the South Asian Federation of Accountants (SAFA). 

CA Sri Lanka currently enjoys an active membership comprising of over  5200 chartered accountants and over 37,000 aspiring chartered accountants, making it to be one of the country’s largest tertiary education providers in Sri Lanka.

For more information, visit www.casrilanka.com/casl/

3.  Institute of Singapore Chartered Accountants

The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore. ISCA’s vision is to be a globally recognised professional accountancy body, bringing value to our members, the profession and wider community. There are over 30,000 ISCA members making their stride in businesses across industries in Singapore and around the world.

Established in 1963, ISCA is an advocate of the interests of the profession. Possessing a Global Mindset, with Asian Insights, ISCA leverages its regional expertise, knowledge, and networks with diverse stakeholders to contribute towards Singapore’s transformation into a global accountancy hub.

ISCA is the Administrator of the Singapore CA Qualification and the Designated Entity to confer the Chartered Accountant of Singapore - CA (Singapore) - designation. 

ISCA is an Associate of Chartered Accountants Worldwide – supporting, developing and promoting over 640,000 Chartered Accountants in more than 200 countries around the world.

For more information, visit www.isca.org.sg.