CA Sri Lanka’s public sector wing APFASL honours 45 entities

Friday, 6 February 2026 01:34 - - {{hitsCtrl.values.hits}}

Economic Development Deputy Minister Nishantha Jayaweera addressing the 9th BARA Awards

Excellence in financial reporting at 9th BARA Awards 2025

The 9th Best Annual Reports and Accounts (BARA) Awards ceremony successfully concluded on 5 February 2026 evening at the BMICH, recognising outstanding achievements in public sector financial reporting, transparency, and good governance.

A total of 45 entities were honoured as winners, while 187 institutions received Compliance Certificates, reflecting sector-wide improvements in reporting discipline and governance practices.

Organised by the Association of Public Finance Accountants of Sri Lanka (APFASL), the public sector wing of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), the prestigious event brought together over 600 public sector finance professionals, underscoring the growing commitment of Government institutions to international reporting standards and accountability.

This year’s competition witnessed exceptional participation, with 260 public entities vying for top honours. A strong presence was recorded from Provincial Councils, closely followed by Local Authorities, demonstrating the increasing focus on quality financial reporting across all tiers of Government.

The ceremony was graced by Economic Development Deputy Minister Nishantha Jayaweera who attended as Chief Guest along with Public Administration, Local Government and Provincial Councils Ministry Secretary Aloka Bandara as Guest of Honour. Other distinguished attendees included CA Sri Lanka President Tishan Subasinghe, Vice President Anoji De Silva, APFASL President V. Kanagasabapathy, and CA Sri Lanka CEO Lakmali Priyangika.

Delivering the welcome address, APFASL President V. Kanagasabapathy acknowledged the dedication of public sector finance professionals and emphasised the critical role transparent reporting plays in advancing public confidence and fiscal discipline.

CA Sri Lanka President Tishan Subasinghe commended this year’s winners, stressing the importance of strong governance, accountability, and ethical stewardship in the public sector, particularly at a time when Sri Lanka is advancing reforms and rebuilding institutional trust.

The BARA Awards continue to serve as a benchmark of excellence and a catalyst for strengthening financial governance and performance in Sri Lanka’s public sector.