SAFA Task Force gathers in Colombo for constitutional revision

The South Asian Federation of Accountants (SAFA) is the apex accountancy body in the South Asian region committed towards developing the accountancy profession reached a decisive decision to amend its existing constitution in order to implement its activities with increased efficacy in order to reach their established goals.

The decision to implement a constitutional revision was taken up by the SAFA Task Force at the meeting held in Dhaka, Bangladesh in the year 2009. The SAFA Task Force entrusted with the responsibility of manipulating the constitutional revision met on April 26 in Colombo.

The event was hosted by The Institute of Chartered Accountants Sri Lanka (ICASL) and identified key areas of constitutional amendment were the content of discussion.

Speaking on the importance of this event, ICASL President Sujeewa Mudalige said that it is of great pride for ICASL to coordinate an event of this significance since the impact of the decisions reached at this meeting will have a great impact in the way SAFA conducts its activities in the future.

He further articulated on the content of discussion stating that SAFA accountancy bodies will have a significant say in the rapid economic development taking place in their respective countries and he nce there was a need to strengthen the relationships between the bodies and also to assist each other in developing the profession.

SAFA represents approximately 200,000 accountants having membership of the national chartered accountancy and cost and management accountancy institutions in the South Asian countries namely Bangladesh, India, Nepal, Pakistan and Sri Lanka.

SAFA came into existence at the initiative of the accounting professional bodies in the South Asian Region, which has a bond of culture and homogeneity of professional environment.