Dr. PB to deliver CA Sri Lanka Lakmali Nanayakkara memorial lecture on Friday

Wednesday, 4 September 2013 00:00 - - {{hitsCtrl.values.hits}}

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will pay tribute to the highly respected chartered accountant the late Lakmali Nanayakkara on Friday, 6 September, at a memorial lecture which will be delivered by Dr. P.B. Jayasundera, the Secretary to the Treasury and Ministry of Finance and Planning.

Nanayakkara, who played an integral role in the progression of CA Sri Lanka, was a highly sought after tax professional who steered the tax profession in the country while also contributing significantly in her capacity as the Alternate Chairperson of the CA Sri Lanka Taxation Faculty for several years apart from numerous other roles, until her untimely demise early this year. Dr. Jayasundera will speak on ‘The Contemporary Policy Direction of Taxation and the Fiscal Policy in Sri Lanka.’ The memorial lecture will be held at CA Sri Lanka from 5:30 p.m. onwards. Nanayakkara joined Tuequand Youngs, the predecessor firm of Ernst & Young Sri Lanka, in mid-1979 and worked till mid-2012, when she opted to take an early retirement long before she reached the retirement age of the firm. She was the first woman to be made a Partner at Ernst & Young before the age of 30 and was also head of the firm’s tax practice before her retirement. She served the profession as the first elected female member of the Council of CA Sri Lanka. Apart from her role as the alternate chairperson of the Tax Faculty, she also chaired many other committees of the institute while also serving as a lecturer and subsequently an examiner on taxation. In the commercial world, Nanayakkara served on boards and audit committees of public listed companies contributing immensely to their respective governance process. At a policy formulation level Nanayakkara served on the Taxation Committee of the Ceylon Chamber as its Chairperson and was often consulted when fiscal policy reforms were initiated by the government. She obtained membership from CA Sri Lanka over three decades ago.