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Chartered Accountancy students become Champions in the South Asian Region at the inaugural IFRS quiz competition

Two students of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) emerged as champions of the South Asian region at the inaugural IFRS Quiz Contest organised by the South Asian Federation of Accountants (SAFA).

Ravindi Sandini, a business level student and Hakeem Halwan, a corporate level student of CA Sri Lanka beat students representing other countries in the South Asian region to win the inaugural SAFA IFRS Quiz Contest held in Dhaka, Bangladesh recently.

The final stage of the competition brought four teams from the region including, Sri Lanka, India and Bangladesh. The competition covered topics relating to the International Financial Reporting Standards (IFRS), Professional Accountants as Business Leaders, and the Potential of the SAARC Economy.

The competition was conducted in the presence of the President of the International Accounting Standards Board (IASB) Mr. Hans Hoogervorst and Presidents of all CA and COST Accounting Bodies CA Sri Lanka President Mr. Lasantha Wickremasinghe and Vice President Mr. Jagath Perera. The competition was held during the sidelines of the SAFA Best Presented Annual Report Awards and the SAFA Regional CFO Conference held in Dhaka.

The Committee on Education, Training and CPD of SAFA took the initiative to organise the SAFA Quiz Contest amongst the students of SAFA member bodies.

The CA Sri Lanka team took the lead in the third and final round, known as the ‘buzzer round,’ to lead with 25 points to secure a total of 145 points, beating the Indian team to win the championship.