Business Times

Global Summit of Management Accountants to be held in Sri Lanka

The Certified Management Accountants (CMA) Sri Lanka will be the host management accounting body for the 2nd Global Management Accounting Summit in Sri Lanka later this year. The theme of the Summit is ‘CMA for Sustainable Business’ and provides a number of topics and eminent foreign and local speakers to address sustainability issues. CMA President Lakshman Watawala said the Summit will be held from 29th June to 1st July 2010 in Colombo and its co-hosts are the management accounting bodies of India, Pakistan and Bangladesh. The technical partners will be the management accounting bodies of the US and Canada.

CMA Sri Lanka was set up as the Sri Lankan Management Accounting body in 1999 through an Act of Parliament in April 2009, and for the first time Management Accounting was given official recognition by the government similar to the other management accounting bodies in the SAARC region. Mr Watawala in a press release stated that CMA also received the membership of the South Asian Federation of Accountants (SAFA) in January this year. ThefirstGlobal Summit was held in New Delhi India in 2008 and was hosted by the Institute of Cost and Works Accountants of India (ICWAI).

The Summit will have an official inauguration in the presence of distinguished local and foreign dignitaries, eight sessions on Governance, Sustainability, Risk Management, CSR and Environment, panel discussions with presidents of member bodies and business leaders on Strategy and Sustainable Business, Contemporary Financial Management and sustainability issues in business and a Valedictory Session. Leading speakers from Sri Lanka and overseas have been invited to address the Summit. Foreign speakers will be from the US, Canada, UK, Australia, Singapore, India, Bangladesh and Nepal.

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