Page 33 - CA Sri Lanka Integrated Annual Report 2023

INTERNATIONAL APEX BODIES

International Apex Bodies play a significant role in promoting CA qualifications globally, thereby enhancing international recognition
for CA Sri Lanka. CA Sri Lanka enhances its engagement with these bodies by adhering to their Statements of Member Obligations.
Additionally, it collaborates actively to develop the accounting profession globally, upholding high standards of conduct and ethics, and
conducting research to gain insights from the local market.

This table provides a clear overview of CA Sri Lanka’s involvement with various international apex bodies, along with its roles and
contributions within each organisation.

International Definition/Details Contribution from CA
Apex Bodies Value
Proposition
International IFAC is a global organisation for h Holds full membership at IFAC.
Federation of accounting professionals, dedicated h Complies with IFAC’s Statements of Member Obligations.
Accountants (IFAC) to safeguarding public interest in
financial reporting. h Represented in IFAC’s International Panel on Accountancy
Education and the International Public Sector Accounting
Standards Board (IPSASB).
Confederation of CAPA represents national h Holds full membership of CAPA.
Asian and Pacific Professional Accountancy h Holds a position on the CAPA board.
Accountants (CAPA) Organisations (PAOs) from the Asia-
Pacific region. h Members represent in the Member Development Committee and
the Public Sector Financial Management Committee.
South Asian SAFA is a forum of professional h Holds membership since 1984.
Federation of accountancy bodies in the SAARC h Holds Board and Board Technical Advisory positions.
Accountants (SAFA) region, committed to developing
the accountancy profession and h Chairs SAFA Committees on Accounting Standards and
promoting economic development. Improvement in Transparency, Accountability and Governance.

h Members represent in various SAFA Committees and Task Forces,
including those focusing on education, ethics, auditing standards,
governmental accounting, international relations, IT, anti-money
laundering and more.
Chartered CAW is a global network committed h Associate Member of CAW.
Accountants to raising the bar in accounting
Worldwide (CAW) professionalism and empowering
Chartered Accountants.
International IIRC is a coalition focused on h Member of IIRC.
Integrated Reporting driving a paradigm shift in corporate h Organizes discussions, presentations, workshops, seminars,
Council (IIRC) reporting towards integrated and webinars through the Integrated Reporting Council to create
reporting.
awareness of integrated reporting among Sri Lankan corporates.
Asian-Oceanian AOSSG is a Group of Accounting h Member of AOSSG.
Standard-Setters Standard-setters in the Asian- h Chaired AOSSG for the two year term ending Nov 2023
Group (AOSSG) Oceanian Region, aiming to discuss
and share experiences on the
adoption of IFRS and contribute
to the development of high-quality
global accounting standards.

CA Sri Lanka Integrated Annual Report 2023 31