AAT Sri Lanka awarded Full Membership of IFAC

Friday, 8 December 2017 00:31 - - {{hitsCtrl.values.hits}}

At the 40th Annual Council meeting of the International Federation of Accountants (IFAC), held from 14-16 November in Brussels, Belgium, the Association of Accounting Technicians of Sri Lanka (AAT Sri Lanka) was admitted as a Full Member of the federation.

IFAC is the global apex body of the accountancy profession dedicated to serving public interest by strengthening the profession and contributing towards the development of strong international economies. IFAC comprises more than 175 members and associates from more than 130 countries and jurisdictions, representing almost three million accountants in public practice, education, government service, industry and commerce.

AAT Sri Lanka was admitted as an Associate Member of IFAC as far back as May 1989. Due to the association’s continuing immense contribution supporting the global accountancy profession for economic growth in the public interest, the global federation had decided to upgrade the membership of AAT at IFAC from the Associate level to the Full Membership level. AAT Sri Lanka was able to achieve this remarkable milestone in the history of the accounting fraternity due to the positive supportive sponsorship of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka).

Having been established in 1987 as an initiative of the Institute of Chartered Accountants of Sri Lanka, AAT Sri Lanka stands today as a leader producing Middle Level Accounting professionals in the country, strengthening the growing SME Sector of the economy.

It is relevant in this context to mention that AAT Sri Lanka is also the first Associate Member of the Confederation of Asian and Pacific Accountants (CAPA), the regional body which later upgraded it to Full Membership with effect from 2015. With this global recognition, AAT Sri Lanka today is on a promising journey towards being the most recognised qualification for middle level accounting professionals in Sri Lanka, and currently serves an active student base of 30,000 island-wide.