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4 CA Sri Lanka Integrated Annual Report 2024

Our Integrated Annual Report

The Integrated Annual Report of the Institute of Chartered Accountants of Sri Lanka
(CA Sri Lanka/the Institute), covers the financial year from 1st January 2024 to 31st December
2024. This report provides a comprehensive review of the Institute's strategy and financial
and operational performance, providing stakeholders with clear insight into the Institute’s
progress and accomplishments during the period, aligned with the theme, FRONT, which
symbolizes our commitment to being at the forefront of our profession.

Future Ready, seizing Opportunities, Nurturing change and building Trust provides a clear
and accurate depiction of how the Institute has created value for its stakeholders by utilizing
its current capabilities.

Scope and Boundary the Institute’s anticipated outcomes and thus may involve
The report presents extensive review of the Institute’s significant risks and uncertainties, as the actual results
activities and capacities during the period including the risk, may differ from those projected in the forward-looking
governance and sustainability measures adopted in driving statements.
the overall strategic objectives of the Institute in realizing the
stakeholder interests. Oversight, Responsibility
The Management of the Institute of Chartered Accountants
Reporting Frameworks of Sri Lanka has prepared, reviewed and approved the
This report is prepared in accordance with the following content of the Annual Report for the year ended 31st
frameworks. December 2024 and recommended the same to the
Governance & Audit Committee and the Council for their
Statutory Frameworks approval.
E Act of Incorporation and Regulations of the Institute of
Chartered Accountants of Sri Lanka. The Council of CA Sri Lanka acknowledges its responsibility
E The Financial Statements of the Institute have been to ensure that the Annual Report provides a balanced view
prepared in accordance with the Sri Lanka Accounting of its performance and addresses all material issues that
Standards (LKASs/SLFRSs) issued by the Institute. may have impacted the Institute's capacity to create value
E The Governance and Audit Committee (GAC) reviews over the short, medium and long term.
and submits the financial statements to the Council for
approval Independence Assurance
E Annual financial statements are prepared and Our External Auditor has issued an independent Audit
presented to the Council and published in the Opinion on the Financial Statement of CA Sri Lanka.
government gazette and also furnished to the subject
Minister.

Voluntary Frameworks Feedback and Contact Information
E Annual Integrated report is prepared in accordance
with the IR Framework issued by the International We value the insights received from our stakeholders and
Integrated Reporting Council.
encourage readers to actively share their feedback on this
report. For any enquiries or comments, please contact:
Apart from the above report complies with all the relevant
laws and regulations, financial reporting standards and Secretary/Chief Executive Officer
guidelines.
The Institute of Chartered Accountants of Sri Lanka,
30 A, Malalasekera Mawatha,
Forward-Looking Statements Colombo 07
This report contains forward-looking statements that include Sri Lanka
information based on the assumptions of the Institute’s E-mail: ceo@casrilanka.org
future performance and prospects. These statements reflect