By Judith Ugwumadu | 10 February 2015
CIPFA has signed a Memorandum of Understanding with the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) to strengthen public financial management in the south Asian country.
Under this collaboration, CIPFA and CA Sri Lanka have agreed a framework for future cooperation to improve the governance of public finance within the country and to help improve training and development.
Speaking at the signing ceremony in Colombo, CIPFA international chair Ian Ball said the joint work would enable the two institutes to learn from each other by sharing expertise and experience so that their members can better serve their countries.
‘We look forward to a productive partnership which will genuinely enhance pubic financial management and improve outcomes for citizens of Sri Lanka,’ he said.
CA Sri Lanka chief executive Aruna Alwis added that the south Asian institute was committed to proactively playing its role to bring about a transformation in both the public and private sectors and Sri Lankan society at large.
Alwis said: ‘[The institute is] conscious of the critical anchor role that the public sector plays in the economic development and progress of the country.
‘We have embraced the accounting and finance professionals working in the public sector as part of CA Sri Lanka and we are very committed to add value and nurture them.’