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42 CA Sri Lanka Integrated Annual Report 2024

Members

The Professional Accountants In Practice (PAIP) Committee The Professional Accountants In Business (PAIB)
The (PAIP) Committee, which is responsible for matters related to Committee
professional practice, including ethics, standards, and training for The PAIB was established to enhance the development and
accountants in public practice plays a crucial role in upholding recognition of accountants in business, focusing on young
the standards and ethics of the profession, ensuring that professionals entering the industry and seasoned practitioners
Chartered Accountants in public practice adhere to the highest seeking to expand their roles.
standards of conduct and competence.
By fostering collaboration with other relevant committees and
The committee is entrusted in supporting small and medium- stakeholders, the committee seeks to increase awareness of
sized practitioners (SMPs) and fostering the development of the profession among young talent, promote the attractiveness
SMP firms capable of catering to the global Knowledge Process of business-focused roles within the CA qualification,
Outsourcing (KPO) and Business Process Outsourcing (BPO) and provide ongoing support, mentorship, and training
market. The activities of the committee also include promoting opportunities to empower accountants to become strategic
networking opportunities, support technology adoption and partners in their organizations.
support the establishment of firm quality assurance processes.

Continued Professional Skill Development
& Technical Support

In supporting the professional development of members, the Institute provides several
knowledge and skill enhancement opportunities through its CPD division. This assistance
is intended to support the members who are in various leadership positions to face the
challenges in the macro-economic environment, successfully navigating their corporates
towards growth, while progressing in their careers. As a member of the International Federation
of Accountants (IFAC), CA Sri Lanka encourages its members to update their current technical
knowledge and skills in their area of expertise to be relevant in the evolving job market. All
members are required to undertake a minimum of 20 CPD hours annually and a minimum of
120 CPD hours every 3 years.

CPD programmes are carefully devised to cater to the various capacity requirements of
members and are conducted by various divisions of the Institute. The programmes focus on
skill enhancements across various disciplines, catering to the needs of the senior professionals
as well as younger members. The Institute offers accessible and flexible learning opportunities
Sri Lanka Accounting for all participants via webinars, in-person sessions, forums, and seminars as well as through
online CPD academy.
Standards
Key Performance Highlights – CPD
Sri Lanka Auditing
Requirement
Standards 92 373
Annually 20 hours and No. of Programmes No of CPD hours
120 hours every 3 years
Sustainability Disclosure Conducted
E Free of Charge -54
Standards E Paid - 38