Page 16 - 2596-CA SR Lanka- Annual Report 2022

CHIEF EXECUTIVE OFFICER’S REVIEW

Dear Members,
Looking back at 2022, it gives me great
pride to say that notwithstanding external
challenges, CA Sri Lanka remained fully
focused on delivering its core purpose
to create value for its stakeholders. As
the leading accounting body in Sri Lanka
and the key custodian of the Country’s
accounting profession, I am very pleased
to say that our efforts to keep pace with
the rapidly evolving global accounting
profession also gathered momentum with
some landmark achievements noted during
the current financial year.

PROFESSIONAL DEVELOPMENT OF
MEMBERS
We continued to fulfil our mandate to
facilitate the professional development
of members by opening up multiple
opportunities for them to meet the 20-
hour mandatory annual CPD requirement
attached to the CA membership. We can
proudly say that, the highest number of
CPD hours of professional development
for a year, being 511 hours was offered
to our members in 2022. 41% of these
programmes was offered free of charge to
provide an added benefit and advantage to
our members.

Moreover despite the prevailing inflationary
conditions we refrained from increasing
membership fees, deciding instead to
absorb cost escalations. These measures
As we move to the future, we will were taken in a bid to help members to
retain their membership status in these
economically challenging times and reap
strive to further enhance CA Sri the benefits that the membership offers.

Lanka’s credentials as a globally Our flagship member event - the Annual
National Conference which for the past
recognised professional accounting two years had been held with limited
physical participation due to the pandemic,
body and ensure our members are was revived as a fully fledged 3-day
event in October 2022 under the theme
- “Transform: Self, Society, Corporate,
equipped with transferable skills Country”. The fact that this 43rd National
Conference attracted over 2,000
that will enable them to pursue their delegates, I believe stands testament to
the contextual relevance of the topics
chosen careers anywhere in the discussed at the forum.

Marking another important milestone
world. in our efforts to strengthen member
engagement, the first ever Regional
Conference was held in Galle, in March
2022. The purpose of the event was to
urge our regional members to get more
actively involved in the Institute's work
and also give them a platform to initiate
meaningful discussions on topical matters
14 CA SRI LANKA | Integrated Annual Report 2022