President of the International Federation of Accountants (IFAC), Ms. Olivia Kirtley, came on an official visit to Sri Lanka last week.
Accompanied by IFAC CFO Russel Guthrie, the duo paid a courtesy call on Prime Minister Ranil Wickremesinghe on Tuesday, 28th July 2015 at Temple Trees. During the meeting, Ms. Kirtley explained the role of IFAC in developing the profession and helping maintain the standard of local bodies at an international level, while also matters in connection to the progression of the accounting profession in a Sri Lankan context was discussed at length.
President of CA Sri Lanka Arjuna Herath, Vice President Lasantha Wickremasinghe, CEO Aruna Alwis, Vice President of the South Asian Federation of Accountants (SAFA) Naeem Akhtar Sheikh, President of CMA Sri Lanka Prof. Lakshman R. Watawala, Chairman of CIMA Sri Lanka Vipula Gunatilleka and CIMA Regional Director Bradly Emerson, were also present at the meeting.
The IFAC President also met Minister of Finance Ravi Karunanayake on the same day at the ministry.
During the meeting, the role of IFAC in enhancing the accounting profession was discussed at length, while also matters in relation to the progression of the accounting profession in Sri Lanka were touched upon. IFAC CFO Russel Guthrie, Secretary to the Ministry of Finance Dr. R H S Samaratunga, President of CA Sri Lanka Arjuna Herath and CEO Aruna Alwis were also present at the meeting.
Meanwhile, the IFAC chief on Monday (27) met with students of CA Sri Lanka, CIMA, CMA, ACCA, AAT and universities, as well as lecturers on the morning at the Institute of Chartered Accountants of Sri Lanka, for an interactive session on ‘Corporate Governance, Ethics and Accountancy Education.’
During the session, Ms. Kirtley also spoke on IFAC’s strategic priorities for 2015 and the global trends in the profession, in addition to engaging in a question and answer session focused on accountancy education.
The welcome speech was delivered by CA Sri Lanka CEO Aruna Alwis.
The panel discussion comprised IFAC President Ms. Olivia Kirtley, IFAC CFO Russell Guthrie, Manil Jayasinghe, Partner of Ernst & Young, and Chairman – Education and Curriculum Development Committee of CA Sri Lanka, and L. L. Suranga Indunil, Head – Group Internal Audits of Brandix Lanka Limited.