The Institute of Chartered Accountants of Sri Lanka (ICASL) is a professional organization that promotes and regulates the accounting profession in Sri Lanka. The phonetic transcription of ICASL is /ˈɪnstɪtjuːt əv ˈtʃɑːtəd əˈkaʊntənts əv ˈʃriː ˈlæŋkə/. The word institute is pronounced as /ˈɪnstɪtjuːt/ and chartered as /ˈtʃɑːtəd/. The word accountant is pronounced as /əˈkaʊntənt/ and Sri Lanka as /ˈʃriː ˈlæŋkə/. ICASL plays an essential role in ensuring the highest standards of professional
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is a professional accounting body established in Sri Lanka. It is the sole organization responsible for regulating and developing the accounting profession in the country.
CA Sri Lanka is dedicated to promoting the highest standards of ethics, professional competence, and integrity among its members who are known as Chartered Accountants. It plays a vital role in maintaining public confidence in the accounting profession through rigorous examination and continuous professional development.
The primary function of CA Sri Lanka is to provide professional education, training, and certification to individuals aspiring to become Chartered Accountants. It conducts a comprehensive examination process that tests candidates’ technical knowledge, practical skills, and ethical standards.
As a regulatory body, CA Sri Lanka sets the ethical and professional standards that its members must adhere to, promoting integrity, objectivity, and independence in the practice of accounting. It also ensures that the members maintain their professional competence throughout their careers through continuous professional development programs.
CA Sri Lanka promotes collaboration and networking among its members, fostering a sense of professional community. It offers various forums, seminars, and meetings where members can exchange knowledge and experiences with their peers, enhancing their professional growth.
Overall, the Institute of Chartered Accountants of Sri Lanka serves as the governing body for the accounting profession in Sri Lanka, ensuring the highest standards of professional conduct and competence among its members.