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The Accounting in Sri Lanka is regulated under the several legal regulations. There are several professional accountancy body in the country. The Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAASMB) is the audit oversight entity, while the Auditor General of Sri Lanka has audit oversight over government all entities. [1]
The inception date of the modern income tax is typically accepted as 1799, [6] at the suggestion of Henry Beeke, the future Dean of Bristol. [7] This income tax was introduced into Great Britain by Prime Minister William Pitt the Younger in his budget of December 1798, to pay for weapons and equipment for the French Revolutionary War.
Taxation in Sri Lanka mainly includes excise duties, value added tax, income tax and tariffs. [1] Tax revenue is a primary constituent of the government's fiscal policy . The Government of Sri Lanka imposes taxes mainly of two types in the forms of direct taxes and indirect taxes.
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is a professional accountancy body in Sri Lanka. The Institute was established by Act of Parliament, No. 23 of 1959 as the sole organisation in Sri Lanka with the right to awarding the Chartered Accountant designation.
Membership of CMA Sri Lanka. CMA Sri Lanka Governing Council. CMA Sri Lanka Profile Archived 2017-03-28 at the Wayback Machine. CMA Sri Lanka National Management Accounting Conference 2016. Link 01, Link 2. Global Management Accounting Summit 2015. CMA Sri Lanka Excellence in Integrated Reporting Awards– 2016 Archived 2017-03-29 at the ...
The government has expressed its commitment towards adopting the accrual-basis IPSASs for accounting and budgeting. The Government of Sri Lanka has requested that the Institute of Chartered Accountants of Sri Lanka [6] prepare suitable accrual basis accounting standards for use by public sector entities. The ICASL's Public Sector Accounting ...
The Association of Accounting Technicians of Sri Lanka, or AATSL, is a Sri Lankan qualification and professional body for vocational accountants which was launched as an initiative that came through the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). AAT is a technician level qualification offering higher apprenticeships which ...
Pages in category "Accounting in Sri Lanka" The following 6 pages are in this category, out of 6 total. This list may not reflect recent changes. ...