CMA Sri Lanka hosts SAFA Board meeting in Colombo

The South Asian Federation of Accountants comprising the Chartered and Management Accounting bodies of India, Pakistan, Bangladesh, Sri Lanka, Nepal and Maldives held the 22nd Board meeting in Colombo recently. The representative of Bhutan was invited and attended the meeting as an observer.

President of SAFA Mohammed Rafi, from the Management Accounting Institute of Pakistan, chaired the meeting while Vice President Abdul Mannan from Bangladesh together with members of the Board, which included the Chartered Accounting Bodies of India, Pakistan, Bangladesh, Sri Lanka, Nepal and the Management Accounting Bodies of India, Pakistan, Sri Lanka and Bangladesh and an observer from Bhutan participated.

CMA Sri Lanka hosted the Board meeting and was represented by Prof. Lakshman R. Watawala, President of the Institute and a Past President SAFA and a Founder Signatory to the formation of SAFA in 1984 in New Delhi India as the then President of the Institute of Chartered Accountants of Sri Lanka.

A number of committee meetings were held on the day prior to the SAFA Board meeting. All these committees presented their committee reports at the Board meeting.

At the Board meeting many matters of professional interest to member bodies were discussed including education, accounting standards, conduct of CPD programs, seminars and conferences.

A new Committee on International Affairs was set up under the Chairmanship of Prof. Lakshman R. Watawala, President of CMA Sri Lanka, and their main objective is to assist the other countries in the South Asian Region Afghanistan, Bhutan and Maldives in setting up and strengthening the accountancy profession in these countries.

The next SAFA Board meeting is scheduled to take place in Nepal in September and the SAFA Summit 2012 in Lahore Pakistan in November.  

All SAFA members also attended the inauguration of the SAFA-CMA Management Accounting Summit 2012 that was held thereafter.