Accountants’ role transcends all verticals in companies
The use of accountants’ rich data plays a crucial role in ensuring more informed business decisions across different verticals, like Procurement, Risk Management, Corporate Strategy etc, professionals say.
“Accounting has changed in the past few years and the role of the accountant has become increasingly more important because of this,” Ann-Marie Tan, Head of Global Growth & Brand Strategy CPA Australia told The Sunday Times business on the sidelines of a recent media event in Colombo.
She accompanied an élite delegation from CPA Australia where they participated in a special ceremony acknowledging long-standing members as well as participated in high-level discussions with top authorities in the country.
The delegation’s primary focus was on establishing strong relationships with local governments, professional bodies, universities, and banking institutions.
“We’re excited to be expanding our presence in Sri Lanka,” said Prof. Dale Pinto (FCPA), Global President and Chair of the Board at CPA Australia said.
“Since the launch of our local liaison office in June 2023, we’ve seen our membership flourish to nearly 500. Many of these members are now holding pivotal roles across diverse industries, showcasing the strength and influence of CPA Australia in the region.”
The world is now moving towards greater sustainability and ESG best practices with many countries including Singapore implementing carbon best practices and Sri Lanka has untapped potential in this area with its rich untapped resources, Ms. Tan added. In addition to ethics and governance, leadership, and strategy skills, Sri Lankan accounting firms should consider global best practices and expertise, she noted further.
“At the recently held Human Capital Summit, I pointed out the global best practices and expertise that Sri Lankan accounting firms can adopt. Along with ethics and governance, leadership and strategy skills are much needed in the finance and accounting fields.”
“As one of the largest accounting bodies in the world, we must help uphold the highest accounting standards and continue to graduate and recognise more qualified professional accountants through our CPA programme,” she said noting that this includes keeping up with emerging trends in AI and ESG and providing training in these areas.
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