Thu, 21 Oct 2021 Today's Paper

CA Sri Lanka to host regional seminar on public sector financial reporting

29 October 2016 12:02 am - 0     - {{hitsCtrl.values.hits}}

A A A

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and its public sector wing, will host a high profile regional seminar in November, to help stimulate thinking on how South Asia can take financial reporting practices to the next level.  Organised by the South Asian Federation of Accountants (SAFA), World Bank Group, and CA Sri Lanka, the two-day seminar series on ‘Enhancing public financial reporting to promote growth in South Asia’ will also be supported by the Asian Development Bank. 


The programme on November 3 and 4, will bring together policy makers, preparers and users of financial statements, regulators, public auditors, professional accountancy organizations, academia, think tanks and other relevant stakeholders from across South Asia. Officials from international organizations such as International Federation of Accountants (IFAC) and International Public Sector Accounting Standards Board will also be in attendance to share their insights on the global trends in reporting.  


 The aim of the programme is to create awareness on the usefulness of high quality financial reporting for decision-making and promote peer to peer learning for moving towards transparent and comparable financial reporting for enhanced governance and effective fiscal management of South Asian countries. 

The importance of public sector accounting and financial reporting on reliability, credibility and accountability of fiscal management is insurmountable. 
Governance is a key driver for economic development in South Asia and high quality, comprehensive and transparent reporting is a centrepiece of Governance. Many governments still adhere to the cash basis of accounting, and therefore provide minimal disclosures relative to their debts, liabilities and assets. This calls for transparent and comprehensive public financial reporting for enhanced governance and better fiscal management. 


The policy makers, regulators, standard-setters, preparers and users of financial statements continue their efforts to increase transparency and comparability in the financial reporting. The seminar presents the rare opportunity to contribute in this endeavour by disseminating the findings of the 2016 Regional study on ‘Public sector financial reporting in the South Asia region’ and facilitate policy-dialogue by sharing good practices through peer to peer learning based on identified opportunities and challenges for enhancing public financial reporting environment in South Asia region.

 

 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 


Spotlight on Attorney General’s Department and Public Service Commission

Certain acts by the Attorney General’s Department and the Public Service C

How a 19-year-old TikToker is helping bring back the Woolly Mammoth!

A young TikTok star and his friends are helping an ambitious gene editing pro

Unmasking Sri Lanka’s Pyramid Parasites

A Financial Cancer Spreading Through Sri Lanka Again...

Writing Letters to Michele Bachelet Causes Turmoil Within the TNA

The Tamil National Alliance(TNA) is currently in a state of great turmoil. Th