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Sunday, 19 January 2014

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CASL, SEC program for directors


Outgoing President, CA Sri Lanka, Sujeewa Rajapaksa exchanging the MoU with SEC Chairman Dr. Nalaka Godahewa.

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently signed a Memorandum of Understanding (MoU) with the Securities and Exchange Commission (SEC) to offer a joint accreditation program to acquaint directors with knowledge on corporate governance, financial reporting and regulatory aspects.

The MoU was signed between, outgoing president of CA Sri Lanka Sujeewa Rajapakse and SEC Chairman Dr. Nalaka Godahewa.

As the trustees of the shareholders, directors play a major role in the business and, therefore, being equipped with the financial reporting requirements and the governance aspects has become vital for directors to perform their duties and responsibilities diligently.

Therefore, CA Sri Lanka and SEC introduced a unique program for directors to help improve their knowledge and skills to equip them with the knowledge in today's constantly changing context.

The program aimed at directors of listed companies will educate them on the important aspects of corporate governance, financial reporting and regulatory aspects, to effectively manage the affairs of companies for and on behalf of stakeholders. CA Sri Lanka is one of the largest professional organisations in Sri Lanka providing leadership and insight to the accountancy and finance profession.

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