Wednesday Jan 08, 2025
Wednesday Jan 08, 2025
Tuesday, 31 December 2024 00:57 - - {{hitsCtrl.values.hits}}
The ACCA Sri Lanka team with the CMA Sri Lanka team at the MoU signing
The Association of Chartered Certified Accountants (ACCA) and the Institute of Certified Management Accountants (CMA) of Sri Lanka recently renewed their Memorandum of Understanding (MoU). This renewed partnership marks a significant step in advancing the skills and capabilities of finance and management accounting professionals in Sri Lanka, supporting the nation’s evolving business environment and contributing to the economic development of Sri Lanka.
The renewed MoU reinforces the shared commitment of the ACCA and CMA to advancing excellence in the accounting profession. By working together, the ACCA and CMA will continue to support initiatives that provide their members with access to valuable resources, mentorship, and networking opportunities, helping professionals navigate the rapidly changing landscape of finance, technology, and global business trends.
Speaking on the occasion of the MoU renewal, ACCA Head of South Asia Nilusha Ranasinghe highlighted: “This renewed collaboration will not only help enhance the skills of professionals across accounting, finance, and business management but also contribute to the continued growth and development of Sri Lanka’s financial and corporate sectors. The partnership will focus on promoting best practices in accounting, incorporating the latest technological advancements, and encouraging the adoption of ethical and strategic business practices.”
Commenting on the renewed international collaboration, CMA Sri Lanka President Prof. Lakshman R. Watawala said: “We are delighted to extend our partnership with the ACCA, which is a key driver in advancing the accounting profession locally. This MoU renewal reflects our collective commitment to providing Sri Lankan management accounting professionals the opportunity to further strengthen their global skills and expertise with the flexibility to excel in an increasingly interconnected and competitive world. Through this partnership, we aim to ensure that Sri Lankan management accounting professionals are not only ready for the future but are also poised to lead in the global marketplace.”
Both organisations are committed to offering various professional development opportunities, certifications, and collaborative initiatives, especially new developments in sustainability accounting standards and artificial intelligence, through this partnership.
Together, the ACCA and CMA will continue to play a vital role in enhancing the professional standards of Sri Lanka’s management accounting community and supporting the country’s growth and development within the global financial ecosystem.
