CA NeWs Beta*: World Bank Grant to Help CA Sri Lanka Develop New Initiatives

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Wednesday, April 18, 2012

World Bank Grant to Help CA Sri Lanka Develop New Initiatives


World Bank Grant to Help CA Sri Lanka Develop New Initiatives

In an effort to enhance core technical activities at the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), the World Bank’s Institutional Development Fund has extended a grant of $500,000 to the Institute. The grant will fund the implementation of an audit quality assurance program; an initiative to assist and educate small- and medium-sized practices; a program to increase awareness and adoption of International Financial Reporting Standards; and efforts to increase adoption of Sri Lanka Public Sector Accounting Standards.

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