Page 83 - CA Sri Lanka Integrated Annual Report 2023

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 notes on the 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.

Asoka Piyadigama
Chief Executive Officer

Nimanthi Gamage
Head of Finance

25 March 2024

CA Sri Lanka Integrated Annual Report 2023 81