CMA Sri Lanka admitted as a member of CAPA | Daily News

CMA Sri Lanka admitted as a member of CAPA

President of CMA Sri Lanka, Prof. Lakshman  R. Watawala and President of CAPA, Jackie Poirier

CMA Sri Lanka was admitted as a member of the Confederation of Asian and Pacific Accountants (CAPA) on 1 July 2016 as announced by the Confederation of Asian and Pacific Accountants.

The announcement made by CAPA states that “CAPA is delighted to announce an addition to our membership with the admission of the Institute of Certified Management Accountants of Sri Lanka (CMASL).”

“The Institute was inaugurated in June 2000 and incorporated by an Act of Parliament in 2009, receiving recognition from the Government as the national professional management accounting body in Sri Lanka. CMASL has the authority to promote and develop the study of management accountancy, to establish and issue management accountancy standards.”

CAPA Chief Executive, Brian Blood, noted, “we are very happy to welcome CMASL to the CAPA family and hope that the organisation will find value through the network of CAPA members and other stakeholders that CAPA is associated with regionally and globally”. Management accountants will face higher demand as businesses start to place more emphasis on strategic management issues to drive their business further in this competitive and challenging environment.

“Professional accountancy organisations (PAOs) such as CMASL will have a significant role to play in supporting management accountants, and in turn, will need support from the wider profession to achieve its objectives,” he added including CMASL, CAPA now has three member PAOs in Sri Lanka. The other two member PAOs are the Institute of Chartered Accountants of Sri Lanka and the Association of Accounting Technicians of Sri Lanka (AATSL). 


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