CASL, CPA Australia sign landmark agreement

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and CPA Australia signed a landmark agreement to create new opportunities for members of both bodies across the globe.

The Mutual Recognition Agreement (MRA) between CA Sri Lanka and CPA Australia removes barriers, allowing appropriately qualified members of each body to apply for membership from the other body, while also allowing for closer collaboration and cooperation between CA Sri Lanka and CPA Australia to further enhance the accounting profession.

"CPA Australia is one of the world's most recognised and respected accounting bodies, apart from being one of the largest accounting bodies with over 144,000 members across 127 countries," a CPA spokesman said.

CA Sri Lanka President, Sujeewa Rajapakse said that over the years, CA Sri Lanka and CPA Australia have developed a close working relationship to enhance the accounting profession. Rajapakse said this agreement paves the way for members of both institutes to work across the globe, while removing barriers created across borders for members of the accounting profession.

CPA Australia President, Ms. Penny Egan in her message said that CPA Australia is one of the world's largest accounting bodies, representing more than 144,000 members across the globe.

"We are committed to being known as the world's best member services organisation and growing the value of the CPA designation," she said.