Page 40 - 2596-CA SR Lanka- Annual Report 2022

STRATEGY REPORT

STRATEGIC IMPERATIVES

Challenges Standards Setting - Align the country’s financial
y Retaining the local member base amidst reporting, auditing and governance standards to globally
increased member migration 1 accepted standards supporting access to global capital
y Remaining relevant and attractive as markets and upholding the public interest.
a profession to attract new talent and
retain members
Developing Talent Pools - Developing and
y Shortage of various day to day Administering a portfolio of Accounting and Business
requirements due to the lack of imports 2 qualifications including the flagship Chartered
y Cost escalations due to inflationary Accountant qualification.
conditions

y Employee attrition Skill Development & Specialisation - Supporting
due to the ongoing our members, other accounting, finance and
economic crisis 3 business professionals remain relevant by acquiring
new skills supporting career progression and mobility
across specialisations, geographies and industries.

Resources Allocated through Six Capitals
Financial Capital Intellectual Capital Social and Relationship Capital

y 138 scholarships were y MoU with the Central Members Students
awarded (Rs. 11.2 Mn) Queensland University in y 86 paid programmes and y Facilitated 115 students
y #WinLifeWithCA Australia to offer an MBA with 60 free CPD programmes to obtain their Master of
student enrolment a specialisation in Forensic for its members, Business Administration
drive Accounting collectively accounting for (MBA) from the University of
y Rs. 12+ Mn incurred y Partnered with the Certified 511 hours - the highest- Southern Queensland (USQ)
on implementing Fraud Examiners, USA to ever number in Institutes’ Australia
modern practices begin offering a special training history y Facilitated 65 students to
programme on Forensic y Launch of the online CPD
Accounting log obtain the Postgraduate
Diploma in Business Finance
y Launched the Master in Public y 43rd National conference and Strategy (PGDBFS)
Financial Management (MPFM) under the theme
Degree Programme “Transform: Self, Society, y Facilitated 15 students to
y Introducing three new degree Corporate, Country” obtain the Executive Diploma
in Accounting, Business and
programmes by SAB Campus Strategy (EDABS)
as Bachelor of Management
in Business Analytics y Enabled 113 CA students to
(General) Degree, Bachelor receive admission to the CBA
of Management in Business & CCA Faculty
Analytics (Honours) Degree
and Master of Business y Launched online exams for all
Administration Degree levels
y Rebrand “Annual Reports
Awards” to “TAGS Awards”
y CA Sri Lanka Annual Research
Symposium
y Launch of the first-ever Regional
Conference in Galle, followed
by the second one in Kandy
y Inaugural Tax Symposium

38 CA SRI LANKA | Integrated Annual Report 2022