Top global body recognises CA Sri Lanka’s qualification

The highly sought-after chartered accounting qualification offered by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) was further reinforced after a leading international body recognised the Associate Chartered Accountant (ACA) qualification as comparable to a master’s degree standard, while the Certified Corporate Accountant (CCA) qualification was recognised as a qualification comparable to a bachelor’s degree standard.

UK ENIC (formerly UK NARIC), which is the UK National Information Centre for the recognition and evaluation of international qualifications and skills, made the announcement after carrying out an extensive evaluation of the latest CA Sri Lanka curriculum launched in 2020.

As per the independent study, the ACA qualification was categorised under Regulated Qualifications Framework (RQF) Level 7, which is comparable to a master’s degree standard.

The two early exit routes of the programme, which are the CCA qualification and Certified Business Accountant (CBA) qualification, were also benchmarked in the study. Accordingly, the CCA was comparable to RQF Level 6, which is a bachelor’s degree standard, while the CBA qualification was comparable to a Certificate of Higher Education standard, as it was categorised under RQF Level 4.

UK ENIC is managed by Ecctis Limited, which is one of the world’s leading providers of services in the recognition and evaluation of qualifications and skills.

The CA Sri Lanka programme is offered at three ascending levels and at each level, the student receives a recognised qualification, which guarantees employability and a successful career as a finance professional, both locally and overseas. The students, who follow the CA programme, have the option of exiting as an ACA after completing Strategic Level, which is the final level of the programme or alternatively, as a CCA after completing Corporate Level or as a CBA after completing Business Level.

CA Sri Lanka Incoming President Sanjaya Bandara said that the benchmarking by the highly respected UK ENIC is further testament to the recognition of the highly sought-after CA qualification.

“For over 60 years, CA Sri Lanka has been producing professionals par excellence, who are in demand not just locally but also overseas. We take immense pride in producing contemporary accounting professionals, who are known the world over for their professional integrity, exceptional leadership and perceptive skills, as well as financial discipline and out of the box thinking, which help them add value to even the biggest conglomerates and multinationals,” he said.