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IFRS impact on financial entities highlighted at CA Sri Lanka workshop

As Sri Lanka joins the world to ensure enhanced transparency and accountability in the financial reporting world, leading corporates in the country representing accounting, auditing, banking and other financial sectors were educated on the various impacts financial organizations can have through the implementation of the International Financial Reporting Standards (IFRS).

Organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), who is the sole authority in the country to promulgate accounting and auditing standards, the workshop featured an international expert who recapitulated in detail the crucial points of the IFRS and