APFASL to improve financial management practices

The Institute of Public Finance and Development Accountancy (IPFDA) has joined hands with the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and established an Association of Public Finance Accountants of Sri Lanka (APFASL) as a Public Sector Wing of CA Sri Lanka to enhance the professional skills and expertise of the Public Sector Accountants, Auditors and Assessors to improve financial management practices in Sri Lanka.

Members of the Sri Lanka Accountants Service, Superintendents of Audit of Class II Grade II or above of the Sri Lanka Audit Service, Assessors Class II Grade II or above of the Inland Revenue Service with two years work experience in the respective services are eligible to obtain the membership of the APFASL.

The Accountants in Statutory Boards and Public Corporations would be considered after reviewing their entry qualifications and schemes of recruitments on a case by case basis.

CA Sri Lanka has already signed an agreement with the World Bank and the government for strengthening four specific activities of the Institute of Chartered Accountants of Sri Lanka, a component of which is strengthening Public Sector Financial management through capacity building.

An MoU has already been signed with the Chartered Institute of Public Finance and Accountancy (CIPFA) London and discussions are being held with them to conduct professional level examinations to award CPFA (Chartered Public Finance Accountant) qualification jointly by the CA Sri Lanka and CIPFA London.

Hence, this is a golden opportunity for the public sector accountants, auditors, assessors and others eligible to get membership and raise their professional status.

Application forms and the articles of Constitution could be downloaded from the website of the Institute of Chartered Accountants of Sri Lanka (www.casrilanka.com)