Historic MOU signed between ACCA Sri Lanka and CA Maldives
ACCA ( the Association of Certified Chartered Accountants) which currently has over 219,000 members along with half a million students enrolled, making it the largest body of such kind for accounting professionals, is a qualification accepted worldwide in over 179 countries for its quality driven curriculum and professional development activities.
ACCA has engaged with many institutions worldwide to enhance their high standards of learning, with the most recent of such MOU’s signed recently between ACCA Sri Lanka and CA Maldives. The MOU was officially signed by President of CA Maldives and Auditor General Mr. Hussain Niyazy and Head of South Asia Cluster at ACCA Ms. Nilusha Ranasinghe.
Through this MOU, opportunities are opened up for the mutual benefit and development of both institutions, covering the expertise and experience shared on professional development in aspects of training, education and career guidance and will also facilitate the exchange of knowledge and research related to the profession, which will in turn strengthen good governance practices that will help uplift the profession in both countries.
The parties will advocate for each other’s qualifications and use their own channels to promote their partnership to raise awareness and promote advocacy of respective initiatives and programs that reflect the distinct but complementary roles played by professionals in the fields of accounting. Overall, this partnership is definitely in favor of and adds to the development of business and finance professions in both Sri Lanka and the Maldives.
Giving his thoughts on the MOU, Auditor General Mr. Hussain Niyazy stated “the key aim of this MOU is to help aspiring students and finance professionals not only to attain mastery over the subject but be trained to handle finance and accounting as per international standards and we will work together towards co- operation in respect of pro f e s s i o n a l training, education and examinations. ACCA is also the global equivalent of Chartered Accountant (CA) qualification and will thus be promoted as the professional course of choice for those looking at international careers in accounting or finance. In addition, we will explore opportunities to collaborate on using our collective expertise to conduct activities related to environmental, social and governance ( ESG) and diversity, as well as help advance the role and impact of ef f e c t ive cor porat e governance and public trust.