The Chartered Institute of Public Finance and Accountancy (CIPFA) and the Institute of Chartered Accountants of Sri Lanka (ICASL) have agreed to work together to transform the support available to Sri Lankan public finance professionals.
A memorandum of understanding was signed at the International Federation of Accountants Annual Council Meeting in Berlin. The memorandum agrees a partnership to develop joint qualification and membership arrangements.
The partnership aims to serve the needs of Public Financial Management (PFM) professionals and others working in the Sri Lankan public sector, and to collaborate to strengthen the relationship between the two bodies.
This agreement supports the recent launch of CIPFA’s international prospectus, Fixing the Foundations, aims to bring international public sector bodies together to restore confidence in countries’ management of public finances and to improve standards.
Chris Bilsland, President of CIPFA, commented,
“This memorandum of understanding is a brilliant example of the international desire for effective public financial management and recognition of the benefits that it can bring. CIPFA is delighted to be helping Sri Lankan professionals with their capacity building efforts and we feel that this developing relationship will be mutually beneficial.”
Sujeewa Mudalige, President of ICASL, said,
“We welcome this agreement for the benefits that it will bring our members and we look forward to developing stronger ties with CIPFA in the future.
“CIPFA’s expertise and international track record in this area will put Sri Lanka at the forefront of public financial management best practice.”
CIPFA, the Chartered Institute of Public Finance and Accountancy, is the professional body for people in public finance. Our 14,000 members work throughout the public services, in national audit agencies, in major accountancy firms, and in other bodies where public money needs to be effectively and efficiently managed. As the world’s only professional accountancy body to specialise in public services, CIPFA’s portfolio of qualifications are the foundation for a career in public finance. They include the benchmark professional qualification for public sector accountants as well as a postgraduate diploma for people already working in leadership positions. They are taught by our in-house CIPFA Education and Training Centre as well as other places of learning around the world. We also champion high performance in public services, translating our experience and insight into clear advice and practical services. They include information and guidance, courses and conferences, property and asset management solutions, consultancy and interim people for a range of public sector clients. Globally, CIPFA shows the way in public finance by standing up for sound public financial management and good governance. We work with donors, partner governments, accountancy bodies and the public sector around the world to advance public finance and support better public services. This includes the development of local professional qualifications in African countries like Lesotho and Nigeria and in Europe in post conflict states in the Balkans.