Record number sit CA Sri Lanka examinations

History was made at the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently when the highest number of students ever, sat for its Certificate in Accounting and Business (CAB) examinations.

Almost 20,000 sat the Certificate in Accounting and Business level one and level two exams held across the country covering the Southern, Western, Central, Northern, Eastern, Sabaragamuwa and North Central Provinces.

"With a student base of over 41,000 following the institute's globally recognised Chartered Accountancy program, CA Sri Lanka is one of the largest tertiary education providers in the country apart from being a leading professional organisation providing leadership and insight to the accounting and finance profession in Sri Lanka," a spokesman for the institute said.

CA Sri Lanka President, Sujeewa Rajapakse said that the institute has continued to grow from strength to strength making massive inroads in the tertiary education sector. "Our qualification is globally recognised and as a testament to this we have approximately 30 percent of our 4,300 members, serving in various capacities outside Sri Lanka."

Rajapakse said that every year, the institute strives to provide better opportunities for its members and students and with this objective the institute has signed various agreements with foreign accounting bodies and local universities thereby further enhancing the standards of CA Sri Lanka.

"CA Sri Lanka enjoys an impressive standing in the accounting world and our qualification is our identity. An impressive percentage of our members play an leading role in the corporate world at top managerial level and, therefore, due to our standing, we are witnessing an increased interest in our CA qualification and this new record is very encouraging in our capacity as a leading tertiary education provider in the country," he said.

Chief Executive Officer of CA Sri Lanka, Aruna Alwis said that the institute has also launched various exit mechanisms for students who are part-qualified. "Among our fresh initiatives is the Certified Business Accountants (CBA) recognition which is offered to students who are part-qualified in CA."

"Students who pass the CAB II level are eligible to become Certified Business Accountants (CBA). The CBA designation is also recognised by both the public and private sectors," he said.

Alwis said that CA Sri Lanka conducts examinations in the strictest of conditions on par with global standards.