Page 81 - 2596-CA SR Lanka- Annual Report 2022

STATEMENT OF RESPONSIBILITY OF

THE MANAGEMENT

The financial statements comprise the Statement of Financial Position
(SOFP), Statement of Comprehensive Income (SOCI), Statement of
Changes in Funds and Reserves (SOCFR), Statement of Cash Flows
and Notes to the Financial Statements. These statements have been
prepared in accordance with the Sri Lanka Accounting Standards
(SLFRSs and LKASs) issued by The Institute of Chartered Accountants
of Sri Lanka.

These financial statements also include statements of financial position
of F B Lander Prize Fund and Cyril E Begbie Memorial Prize Fund.
The accounting policies used in the preparation of the financial
statements are appropriate and are consistently applied by the Institute.
There are no departures from the prescribed Accounting Standards in
their adoption. Comparative information has been reclassified wherever
necessary to comply with the current presentation.

All significant accounting policies and estimates that involve a high
degree of judgement and complexity were discussed with our External
Auditor and the Governance and Audit Committee. We confirm that, to
the best of our knowledge, the financial statements and other financial
information included in this annual report, fairly present in all material
aspects the financial position, results of operations and cash flows of
the Institute as of, and for, the periods presented in this annual report.
We have taken responsible measures to safeguard the assets of the
Institute and, in that context, have established appropriate systems of
internal control with a view to preventing and detecting fraud and other
irregularities.

The financial statements were audited by Ms. M K K Karunaratne, FCA.

Dulani Fernando
Chief Executive Officer

Lathika Wijayawardana
Head of Finance

CA SRI LANKA | Integrated Annual Report 2022 79