ACCA teams up with CA Sri Lanka | Sunday Observer

ACCA teams up with CA Sri Lanka

2 October, 2022
CA Sri Lanka President Sanjaya Bandara and ACCA global Chief Executive Ms. Helen Brand exchange the agreement. ACCA Head of South Asia Ms. Nilusha Ranasinghe and CA Sri Lanka Chief Executive Officer Ms. Dulani Fernando look on.
CA Sri Lanka President Sanjaya Bandara and ACCA global Chief Executive Ms. Helen Brand exchange the agreement. ACCA Head of South Asia Ms. Nilusha Ranasinghe and CA Sri Lanka Chief Executive Officer Ms. Dulani Fernando look on.

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and ACCA (the Association of Chartered Certified Accountants) have entered a Mutual Recognition Agreement (MRA) allowing members from one body to apply directly for membership of the other.

The MRA was signed by ACCA’s Chief Executive and CA Sri Lanka’s President at the CA Sri Lanka office in Colombo last week.

The MRA provides a direct route to membership for ACCA and CA Sri Lanka members having more than 5 years of post-membership experience, without any additional examination or practical experience requirements.

ACCA global Chief Executive, Helen Brand sadi, “We’re committed to supporting and building a strong and resilient economy in Sri Lanka and this agreement is an important step in bringing together the people to achieve this.

“The MRA also brings equality of professional standing between ACCA and CAmembers and that’s a huge step forward in supporting members’ career progression,” she said.

CA Sri Lanka members will benefit from the global recognition that comes with being an ACCA member, and ACCA members will benefit from employer recognition in Sri Lanka,being able to access practicing rights on completion of additional requirements.

President of CA Sri Lanka, Sanjaya Bandara said, “In a globalised world, with expectations rising, it is vital that we consistently improve the skills and opportunities of our membership.I am certain the MRA with ACCA will bring renewed opportunities for our members alike.”

CEO CA Sri Lanka, Dulani Fernando said, “CA Sri Lanka and ACCA will continue to work together in areas that benefit both the profession and its mutual members.

These areas will include research and publications, public sector development activities, events and CPD.”

The MRA follows a Strategic Partnership Agreement (SPA) signed in December 2020 by the two bodies to strengthen collaboration and is a mutual recognition of the high standard of each other’s qualifications. Head of South Asia, ACCA, Nilusha Ranasinghe said, “The MRA will bring substantial opportunities for members of both bodies and demonstrates the value of professional bodies collaborating to explore synergies for the benefit of the profession and the wider public good.”

Comments