Page 37 - 2596-CA SR Lanka- Annual Report 2022

The International Integrated Reporting Asian-Oceanian Standard-Setters Group
Council (IIRC) (AOSSG)
IIRC is a global coalition of regulators, The AOSSG is made up of the 28
investors, companies, accounting Accounting Standard-Setters in the Asian-
professionals and NGOs that have formed Oceanian region. The group was formed
a platform to drive a new paradigm shift to discuss issues and share experiences
in corporate reporting. As a Member on the adoption of International Financial
of IIRC, CA Sri Lanka continues to Reporting Standards (IFRS) and to
organise discussions, presentations, contribute to the development of a
workshops, seminars and webinars high-quality set of global accounting
through the Integrated Reporting Council, standards. CA Sri Lanka is a member of
creating awareness of the relevance and AOSSG. A past president of the Institute
importance of integrated reporting among has been appointed as the Chairman of
Sri Lankan corporates. the AOSSG for the term from November,
2021 to November, 2023.

OTHER PROFESSIONAL ORGANISATIONS

Ties with other professional Engagement Mechanisms Frequency
organisations helps to further
enhance the visibility and global Meetings, webinars and conferences As required
positioning of the CA Sri Lanka Collaborative projects As required
flagship qualification MOUs and MRAs As required

y Exemptions and pathways for members and y Representation in the international forms for the
students through reciprocal arrangements development of the profession
Key
Concerns y Opportunities for collaborative partnerships to
drive mutual growth

CA Sri Lanka’s Commitment MoU with ICAEW allows CA Sri Lanka either five years of accounting experience
CA Sri Lanka continues to build solid members to receive membership of or possess an accepted degree to obtain
relationships with other Professional ICAEW upon successful completion of direct membership of CPA Australia upon
Organisations via mutually beneficial only the Advanced Level examination of completion of the Ethics and Governance
MoUs and MRAs to support member ICAEW. A similar MoU with CPA Ireland paper at the CPA Australia examination.
mobility, enable collaboration current enables CA Sri Lanka members to obtain The MoU with Association of International
topics, and offer opportunities for mutual Associate Membership of CPA Ireland Certified Professional Accountants
growth. In this regard, the ongoing MoU by completing the online tests in Irish (AICPA) opens doors for collaboration,
with Chartered Accountants Australia Taxation, Irish Law and Strategy subjects. knowledge exchange and multidisciplinary
and New Zealand (CA ANZ) supports The MRA with CPA Australia also expertise.
reciprocal membership, while the empowers CA Sri Lanka members with

CA SRI LANKA | Integrated Annual Report 2022 35