IFAC President awards Membership to CMA Sri Lanka

The newly elected President of International Federation of Accountants ( IFAC) Olivia Kirtley awards the Membership Certificate to the President of CMA Sri Lanka Prof. Lakshman R Watawala after CMA was elected to Membership at the Council Meeting attended by 106 IFAC Council Members held on 7th November 2014 in Rome Italy in the presence of the CEO IFAC Fayez Choudhery and the Immediate Past President Warren Allen.

IFAC is the Global body for the accountancy profession dedicated to serving the Public Interest by strengthening the profession and contributing to the development of strong international economies. IFACis comprised of over 175 Members and Associates and associated in 130 countries and jurisdictions, representing app. 2.5 million accountants in public practice, industry and commerce, government service and education.

CMA Sri Lanka established in 1999 and launched in June 2000 is the National Professional Management Accounting Body in Sri Lanka. CMA was established by an Act of Parliament in 2009 and received Membership of the South Asian Federation of Accountants ( SAFA) and Associate Membership of IFAC in 2010 and now Membership of IFAC in 2014.

CMA has a membership of 2250 and a total student population of 12,500 and provides a quality Professional Management Accountancy qualification at an affordable cost and promotes inclusive professional education to the students in both urban and rural Sri Lanka.

Sri Lanka now has two IFAC member bodies the Institute of Chartered Accountants of Sri Lanka and the Institute of Certified Management Accountants of Sri Lanka to serve the Chartered and Management Accounting Professions and to make Sri Lanka a knowledge hub.