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12 CA Sri Lanka Integrated Annual Report 2024

President’s Message

The Institute also plans to launch the SMP Audit committed to ethical and transparent reporting.
Tool Kit within the second half of 2025, assisting Featured on the CSE website, it enhances
small and medium-sized practices (SMPs) to credibility, strengthens investor confidence,
enhance their auditing processes. and differentiates responsible businesses in the
marketplace.
CA Connect, the newly established digital
streaming arm of the Institute, serves as a platform Publications During 2024
for professionals and students to stay connected, We launched ‘AI for Finance Professionals’
share knowledge, and access resources related authored by our Member, Prabash Galagedara
to the accounting profession. Designed under which explored the potential of Artificial
three segments; Market Vibes, Point of View, and Intelligence (AI) and its profound implications for
Untold Stories, it aims to foster engagement and the accounting profession, highlighting how AI is
inspiration within the accounting community. The reshaping the future of finance and accounting
Market Vibes segment provides valuable insights practices.
into market trends and economic indicators both
local and international,. The Point of View segment We also unveiled the ‘Guideline on IT Governance
features expert opinions on contemporary and for Directors’, to equip corporate leaders with
significant topics across various disciplines, the knowledge required to navigate the rapidly
offering in-depth insights from industry leaders evolving IT landscape. Developed in collaboration
and thought-provoking discussions on emerging with the University of Sri Jayewardenepura and the
issues. The Untold Stories segment highlights ISACA Sri Lanka Chapter, this publication acted
the inspiring journeys of our own professionals as a detailed guide for directors to strengthen
who have made remarkable contributions to the IT governance in their organizations, aligning
accounting profession. practices with international standards.

With support from overseas chapters, we are In addition, we produced a document covering
providing awareness on rising demand for CA Sri Lanka’s advisory role during the debt
Knowledge Process Outsourcing and Business restructuring process. The same was published in
Process Outsourcing, with the aim of expanding the International Federation of Accountants (IFAC)
our local members global market presence. website’s ‘knowledge gateway’ section reflecting
We have conducted several programs and will the important role played by CA Sri Lanka during
continue to provide awareness programs on the economic crisis.
accessing foreign markets. This is in addition to
the discussion series titled “Starting Your Own Further, we also conducted a survey on public
Practice.” trust in tax, and the responses were shared
with respective stakeholders for further actions.
Celebrating 65th Anniversary Additionally, we will use these insights in our future
In celebration of our 65th Anniversary, the Institute policy advocacy initiatives. This will be an annual
initiated a series of events, beginning with a Pirith activity.
ceremony and a multi-religious observance,
bringing together blessings from all faiths. The In addition, we also developed several publications
anniversary commemoration also featured the relating to Sustainability Standards during the year
felicitation of senior Chartered Accountants for 2024.
their contributions to the accountancy profession.
Additionally, the celebrations included the launch Advancing our Commitment to Sustainability
of an anniversary logo, a 65th Anniversary stamp, During the year, we officially launched the
and the unveiling of ‘Legacy Lane’, which reflects Sustainability Standards SLFRS S1 and S2, carrying
the inspirational history of the Institute, along out a series of initiatives to create awareness
with several other activities to commemorate our considering the mandatory requirement for the
Institute’s legacy. We are also planning to plant companies to comply with these standards from
6,500 trees on a 6.5-acre plot of land in 2025. 2025 onward. We conducted 2 two surveys
and held around ten different sessions to create
TAGS Compliance Badge awareness on S1 and S2 in 2024 including
In March 2024, the Institute also launched the one dedicated session for Board of Directors of
TAGS Compliance Badge, in partnership with the Companies. We also launched a short course on
Colombo Stock Exchange (CSE), at a ‘Ring the Bell’ greenhouse gas (GHG) emission to create more
ceremony, serving as a benchmark for companies focused awareness on GHG.