EconomyNext – President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) Arjuna Herath has become the head of the apex accounting body of the South Asian Association for Regional Co-operation (SAARC) member countries.
The South Asian Federation of Accountants (SAFA) consists of the institutes of chartered accountants and of cost and management accountants of SAARC countries who have come together with the objective of developing the accountancy profession in the region.
Speaking soon after assuming office as the President of SAFA, Herath said its aim is to unify individual strengths to create synergy for the benefit of all member bodies and to influence and voice the perspectives of the region at an international level on matters relating to the accounting profession and allied areas.
SAFA is also a Regional Grouping of the International Federation of Accountants (IFAC).
Herath also serves several international and regional committees.
He is a Member of the Board of Directors of the Confederation of Asia Pacific Accountants, and a Member of the Professional Accountancy Organisation Development Committee of IFAC.
He is a Partner and Head of Advisory Services, Ernst & Young – Sri Lanka and Maldives and Commissioner of the Securities and Exchange Commission in Sri Lanka.
He also serves as a Member of the Board of Directors of the Sri Lanka Accounting and Auditing Standards Monitoring Board, Postgraduate Institute of Management in Sri Lanka, Board of Directors of the Association of Public Finance Accountants of Sri Lanka, Board of Management of the School of Accounting and Business in Sri Lanka and the Accounting Standards Committee and Auditing Standards Committee in Sri Lanka.