The Association of Chartered Certified Accountants (ACCA) of Sri Lanka and the Institute of Certified Management Accountants (CMA) recently renewed their Memorandum of Understanding (MOU). This new partnership marks an important step towards enhancing the skills and capabilities of Sri Lanka’s financial and management accounting professionals, supporting the nation’s evolving business environment and contributing to Sri Lanka’s economic development.
The new MoU reinforces ACCA and CMA’s shared commitment to advancing excellence in the accountancy profession. Working together, ACCA and CMA will continue to support initiatives that give their members access to valuable resources, mentorship and networking opportunities, helping professionals navigate the rapidly changing landscape of finance, technology and global business trends.
The partnership will focus on promoting best practices in accounting, incorporating the latest technological advances and encouraging ethical and strategic business practices.
Through this partnership, both institutions are committed to offering a variety of professional development opportunities, certifications and collaborative initiatives, particularly in sustainable accounting standards and new developments in artificial intelligence. Together, ACCA and CMA will play an important role in raising the professional standards of the management accounting community in Sri Lanka and supporting the country’s growth and development in the global financial ecosystem.
