Page 48 - annual_report_2024

46 CA Sri Lanka Integrated Annual Report 2024

Members

Global /Regional Accounting Networks to
Enhance Member Value

Global and Regional Collaborations
The active engagement of CA Sri Lanka’s leadership in international and regional
forums not only fulfills its role as a responsible member body but also reinforces
the Institute’s global presence and influence. These high-level interactions
unlock opportunities for knowledge transfer, technical updates, and strategic
collaborations, all of which are shared with our members to strengthen their
professional competencies. Ultimately, such participation ensures that CA
Sri Lanka and its members remain future-ready, well-connected, and aligned with
global best practices, while continuing to drive positive change within Sri Lanka’s
accounting profession.

South Asian Federation of Accountants
E CA Sri Lanka hosted the 82nd SAFA Board and Committee meetings
on January 18th and 19th, 2024, as well as the induction of new SAFA
President, Heshana Kuruppu.
SAFA Board and Committee meetings
E President, SAFA and CA Sri Lanka, Heshana Kuruppu, Tishan Subasinghe,
the Vice President of CA Sri Lanka, attended the 83rd SAFA Board Meeting
and Committee Meetings, SAFA Quiz and Public Speaking Contest, SAFA
Women Awards, and ICAN International Conference, which were held on
March 1st and 2nd, 2024 in Pokhara, Nepal, as well as the 84th SAFA Board
Meeting and Committee Meetings, which were held in Karachi, Pakistan on
August 23rd and 24th, 2024.
E The 85th SAFA Board Meeting and Committee Meetings were held on
November 11, 2024, in Colombo, Sri Lanka, with major contributions to
SAFA’s initiatives. Similarly, CA Sri Lanka hosted another premium event,
the South Asian Federation of Accountants Best Presented Annual Report
Awards 2023.

SAFA Best Presented Annual Report (BPA) Awards 2023
The SAFA BPA Awards under the theme “Honouring Excellence” held on the 11th
of November 2024, and to set a benchmark for financial reporting excellence
across the South Asian Region.

The Awards recognized the organizations that maintain the highest standards
in financial reporting, underscoring the significant achievements in Integrated
Reporting and Corporate Governance while emphasizing the crucial role of
professional accountants in promoting clarity, transparency, and integrity in
business practices.

Pakistan’s Fauji Fertiliser Company Limited emerged as the Overall Winner,
setting a gold standard for reporting practices. Sri Lankan companies made
a strong impression, securing 24 prestigious awards—affirming the country’s
growing influence in promoting corporate reporting excellence.

International Federation of Accountants (IFAC)
E Heshana Kuruppu, President of CA Sri Lanka, attended the “Stakeholder
Conversations: IFAC Network Partners” event held at the IFAC Office in New
SAFA Best Presented Annual Report (BPA) Awards York on 23rd February 2024.
2023 E The President attended the IFAC Council Meeting and Thought Leadership
Seminar on 06th and 07th November 2024 in Paris, France reinforcing this
global partnership.
The CA Sri Lanka President’s participation in the IFAC meetings during the year
was facilitated through sponsorship by SAFA.