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CA Sri Lanka sign separate agreements with CIMA and local university in a bid to grow the profession

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has signed a Memorandum of Agreement (MoA) and a Memorandum of Understanding (MoU) with the Chartered Institute of Management Accountants (CIMA) and with the Department of Accountancy (DoA) of the Wayamba University respectively.

Under the MoA with CIMA, members of CIMA who complete all required modules and training specified by CA Sri Lanka can obtain membership of CA Sri Lanka. The MoA will also endorse and promote the Global Management Accounting Principles which are prepared by CIMA in partnership with AICPA (the American Institute of Certified Public Accountants). As part of the MoA, CIMA and CA Sri Lanka will develop a joint national plan to adopt these principles.

Under the MoU with Wayamba University, CA Sri Lanka will provide exemptions to undergraduates of the DoA to sit for the CA Sri Lanka examinations and qualify as chartered accountants. CA Sri Lanka will also offer scholarships to the university undergraduates who want to follow the CA programme.

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