CASL strengthens public sector financial management

The Institute of Chartered Accountants of Sri Lanka (CASL) with the Ministry of Higher Education carried out a workshop on public sector finance management for State sector higher educational institutions.The workshop conducted by President of the Association of Public Finance Accountants of Sri Lanka,V. Kanagasabapathy and Consulting Trainer Hussain Moosajee shed a light to professionals employed in the State sector on the importance of financial management with special focus on government financial reporting aspects relevant to the university system.

President, CA Sri Lanka, Arjuna Herath said that the institute as the national accounting body formed under an Act of Parliament is committed to serve and support the public sector to build capacity and improve accounting, auditing and financial management practices in the public sector."To ensure that this important objective is realised, CA Sri Lanka with the Ministry of Finance and Planning published ten Sri Lanka Public Sector Accounting Standards to further improve accounting and financial reporting standards of the public sector," he said.