ACCA (Association of the Chartered Certified Accountants) and CFA Society Sri Lanka, recently signed a landmark Memorandum of Understanding (MoU) with the aim of contributing to the development of the region’s human capital in the finance sector and to focus on the development of critical competencies and skills which are fundamental for the industry in the current context. By sealing their agreement, both parties will help in the development of future generations of finance and accounting professionals and nurture a workforce with the necessary knowledge and skillset to contribute to the prosperity of the country’s businesses and economy.
The MoU was officially signed by Dinesh Warusavitharana, CFA , President of CFA Society Sri Lanka and Head of South Asia Cluster at ACCA, Nilusha Ranasinghe.
The MoU includes a group of technical and professional activities and reflects the intention of both parties in enhancing mutual interests in the sustainable development of the respective professions locally and internationally; enhancing professionalism; improving ethical standards; and expanding opportunities for students for the enhancement of their career prospects and ultimately to further the profession and the wider economy.
Mr. Warusavitharana said ‘We are delighted to mark the signing of the Memorandum of Understanding between the organizations. CFA Society Sri Lanka and ACCA Sri Lanka share the same values and we certainly have similarities in our missions. This will pave the way to formally mark our future cooperationand we look forward to partnering with ACCA Sri Lanka as we jointly work to enhance our respective professions.”
Aruna Alwis, Chief Executive Officer of CFA Society further noted “This MoU will open new avenues of opportunity for students and members of both our professions. The changing global as well as local business environments require professional Accountants in Business to strengthen businesses during these challenging times and this MOU will help to cooperate and collaborate with ACCA within the scope of our respective mandates and areas of competences for the mutual benefit of both our professions, the industry and its stakeholders.”
Ms. Ranasinghe expressed, “Partnerships are key to the sustainability of ACCA and is at the heart of what we do as an organisation. We are committed to the development of our students, who are the future finance professionals of the region. Additionally, the continuously strong economic growth required by our country requires world-class accounting, financial and business skillsand I am confident that this strategic agreement will bring in many benefits to our respective students and members and also to the finance sector. It opens doors to new opportunities for combined research, to shared events and to a wealth of professional development that will double our influence as a force for good in the industry. We will continue to work alongside each other, to build the ethical accountancy profession that the world needs.’
Founded in 2001, CFA Society Sri Lanka is a not-for-profit organization supporting the professional development and advancement of CFA charterholders and candidates in Sri Lanka. Their membership of over 240 members consists of CEOs, CFOs, portfolio managers, equity analysts, banking professionals, investment advisors and other senior-ranking financial practitioners and over 500 candidates, mainly in the financial sector.
ACCA with more than 233,000 fully qualified members, based in 178 countries, are among the world’s best-qualified and most highly sought-after accountants who work in every sector. Upholding the highest professional and ethical values, ACCA supports both the private and public sector, where their expertise is widely recognised, and their input and opinion is sought by governments, professional bodies, academic institutions, employers worldwide.
