ICASL teams up with NIA Australia

Accountancy education in Sri Lanka reached a landmark recently with The Institute of Chartered Accountants of Sri Lanka (ICASL), the premier national accounting body of the country which has a global reputation joining hands with the National Institute of Accountants (NIA), one of the three most recognized professional accounting bodies of Australia through the signing of a Mutual Recognition Agreement (MRA) last week in the presence of High Commissioner of Australia for Sri Lanka Mrs. Kathy Klugman.

The MRA was signed by ICASL President Nishan Fernando and NIA Chief Executive Officer Andrew Conway. ICASL President Nishan Fernando said, 'The substantial importance of this agreement is that it had benefited both countries in a broad capacity towards the development of Accounting and the Profession. One of the significant features of this agreement is that it grants members of both institutes' the eligibility of admission to the other body, paving the way for Sri Lankan Accountants to practise in Australia or vice-versa.'

This mutual recognition between these two prestigious institutes should be lauded for the many avenues that would be opened for ambitious students of both institutes. Both Institutes have come under a mutual concurrence to transfer the skills of both Institutes through study tours, joint conferences, seminars and other educational endeavours thus opening many avenues for our local students to explore the modern techniques of Accountancy which would be of great use for them and for the country's future, he said.