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ICASL to build new six-storey building:

Bid to produce more accounting professionals

The Institute of Charted Accountants of Sri Lanka (ICASL) ceremonially laid out the foundation stone recently for the new six-storied building worth of Rs 400 million in order to cater to the growing demand for accounting professionals. The internally funded project is expected to be completed in 15 months.

The ICASL hopes to tap the fullest post war potential by expanding the infrastructure of the institute while maintaining international accounting standards and practices at a greater level.

Speaking at the ceremony, Co-operatives and Internal Trade Minister Johnston Fernando said that ICASL has embarked on a new journey to create more accounting professionals to back the economic drive. ICASL has rendered its service by producing qualified accountants in the Government and the private sector.

“Financial accounting scope has to be expanded and has to come up to the global standards. We see a huge demand for financial accounting in the competitive business education sector. Its importance has also been recognized by the students due to its ability to generate more jobs.

Financial Management is a key element, which helps to achieve the ‘development hub’ status pursued by the Government. ICASL will play a pivotal role and shoulder the above responsibility in the crucial period ahead,” the Minister said.

He also said that the ICASL will assist in maintaining the good governance among all stakeholders, in keeping with highest principles and professionalism.

At present, ICASL consists of over 36,000 student-base and members amounting to over 4,000.

 

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