22nd June 2022: In its standing as the sole authority to promulgate accounting and auditing standards in the country, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on Wednesday launched the Non-Financial Reporting Guideline to strengthen and ensure fair and balanced corporate reporting among companies, while also promoting non-financial reporting practices amidst growing demands from diverse stakeholders for enhanced corporate social responsibility.
The Non-Financial Reporting (NFR) Guideline was launched in the presence of Mr. Viraj Dayaratne, Chairman of the Securities and Exchange Commission, Mr. Sanjaya Bandara, President of CA Sri Lanka, Mr. Heshana Kuruppu, Vice President of CA Sri Lanka, Mr. Nuwan Withanage, Chairman of the Task Force to Develop Non-Financial Reporting Practices in Sri Lanka and Ms. Dulani Fernando, Chief Executive Officer of CA Sri Lanka.
This NFR Guideline has been developed for all entities, including listed and unlisted, as well as large to small and medium-sized enterprises in Sri Lanka, which produce annual reports and follow the EESG framework concept, which stands for E