The newly-inducted President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), Lasantha Wickremasinghe last week said that as the present international and local environment is crying for the need of ‘forensic’ thinking, the Institute has plans to introduce a programme in forensic auditing for its members to ensure public expectations are met. Wickremasinghe, a prominent Chartered Accountant, was ceremoniously inducted by outgoing President Arjuna Herath in the presence of Speaker of Parliament Karu Jayasuriya, Finance Minister Ravi Karunanayake, corporate leaders and other international accounting personalities.
“Traditionally, we focus on the overall view of the financial statements and the systems. Now it is time to assist the government, public and the business community to prevent fraud and corruption,” Wickremasinghe said delivering his inaugural address.
Noting that international acceptance is, however, paramount to its continued success, the new President said the Institute therefore plans to further engage with other International Accounting Bodies, such as, ICAEW, CIMA UK, ACCA and CPA Australia, among others.
He noted that primary duty of Chartered Accountants now needed to go beyond technical skills where ethical behaviour and professional approach to all issues is crucial. He also indicated plans to set up a preliminary research support facility to coordinate research in areas of accounting and auditing, in collaboration with Universities and research bodies.
“Further, a new scholarship scheme will be established to attract students from different A/L streams and those who excel in extra-curricular activities. In a fresh effort aimed at enhancing the services we provide to our stakeholders, we intend to develop a core information system, which will be both efficient and dynamic for the benefit of our members and students,” the new President said.
Wickremasinghe, a fellow member of CA Sri Lanka counts 20 years of experience and is a Partner at B.R. De Silva & Co. Chartered Accountants. He has served in the CA Sri Lanka Council since 2006, and prior to his induction as President, he was Vice President from 2014 to 2015.
A product of Nalanda College, Wickremasinghe whose experience spans the industry sectors of banking, finance, insurance, lotteries, plantation, manufacturing and services, has also served as Chairman of several CA Sri Lanka committees including the National Conference Committee (2012 and 2013), Annual Report Awards Committee (2008 and 2011), Examinations Committee (2010-2011) and the Training and Student Development Committee (2006-2009).