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CA Sri Lanka Integrated Annual Report 2024 87
With the commencement of the government debt restructuring programme in
2022, CA Sri Lanka provided comprehensive financial reporting guidance to the
Central Bank of Sri Lanka, Sri Lanka Banking Association, Employees’ Provident
Fund (EPF) and Employees’ Trust Fund Board (ETF) in 2024. As the national
body of accountancy in the country, this was Institute’s contribution to overall
economic development and social well-being.
Technical Publications & Capacity Building
Technical Publications of CA Sri Lanka during 2024
CA Sri Lanka published several key technical documents aligned with our
commitment to strengthening professional skills.
Key Technical Documents Published
Capacity Building on Accounting Standards
E Sri Lanka Accounting Standards Seven impactful sessions focusing on Accounting Standards, encouraging
Bound Volume – 2024 compliance with global best practices while addressing local nuances were held.
(February 2024)
E Sri Lanka Auditing Standards for Capacity Building on Quality Assurance Standards
Audits of Financial Statements Of To support our members in preparing for the implementation of the new Quality
Less Complex Entities Management Standards, effective January 1, 2025, CA Sri Lanka conducted
(August 2024) comprehensive awareness programmes and workshops and produced
E Sri Lanka Auditing Standard supporting guides to help members to implement the requirements of the
600 (Revised) Special standards.
Considerations—Audits of Group
Financial Statements (Including Adopting Sustainability Disclosure Standards
the Work of Component Auditors) Driving Sustainability and Governance
(August 2024) CA Sri Lanka entered into an agreement with the International Sustainability
E Amendment to the Annexure of Standards Board (ISSB) to adopt International Financial Reporting Standards
the Sri Lanka Related Services S1 and S2 (SLFRS S1 & S2), becoming one of the first few countries in the
Practice Statement (SLRSPS) world to adopt these standards. With Approval from the CA Sri Lanka Council,
4755 (December 2024) the Sustainability Disclosure Standards Committee established a roadmap for
E FAQ - Accounting Treatment for implementing Sustainability Disclosure Standards S1 and S2. Along with these
International Sovereign Bonds new changes in the financial reporting environment, several programmes relating
in line with SLFRS 9 Financial to Sustainability Standards were implemented. (i.e., targeted ESG-focused
Instruments (December 2024) events, such as stakeholder engagement sessions and GHG emission reduction
seminars, in preparing the professionals to lead sustainable reforms)
Sri Lanka Sustainability Disclosure Standards S1 and S2 were issued for local adaptation in
March 2024.
A pioneering nation to
adopt sustainability
reporting standards in
alignment with global best
practices
