CA Sri Lanka guide for Integrated Corporate Reporting
ECONOMYNEXT – The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has launched a guide for Integrated Corporate Reporting to help more companies adopt the practice and ensure consistency.
The ‘Preparer’s Guide to Integrated Corporate Reporting’ is an illustrative implementation guide to facilitate corporates in the country to produce a more comprehensive integrated report, a statement said.
President of CA Sri Lanka Arjuna Herath said that the institute has always been mindful of local and global changes and trends, and have taken every step necessary to adopt with these changes to ensure corporate reporting in Sri Lanka remains both current and relevant.
“CA Sri Lanka is committed to building the required trust in the financial markets,” he said. “The role we play at a public level goes beyond facilitating reliable financial information and the institute facilitates adequate reporting needs of investors and its stakeholders, making our scope much wider.”
Herath said the guide on Integrated Corporate Reporting will ensure annual reports produced by corporate entities in the country fulfills expectations of investors and other stakeholders.
“This implementation guide will facilitate the preparation of annual reports which are consistent, comparable, and possess greater clarity and indicate value creation that take place in the enterprise including sustainability of the enterprise,” Herath said.
(Colombo/July 26 2015)