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The National Audit Office (Sinhala: ජාතික විගණන කාර්යාලය jātika vigaṇana kāryālaya) is a non-ministerial government department in Sri Lanka. Established in 1799, it is one of the oldest government departments in the country, and is responsible for auditing public organisations.
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]
In 2011, 2012 and 2013 the ACCA professional body had the highest percentage of A&B (best) outcomes from FRC's Recognised Supervisory Body (RSB) visits to a sample of 'Registered UK Audit Firms'. ACCA firms tend to audit smaller and less complex clients. As of 2023 there were over 113,000 members and 72,000 students in the UK & Ireland.
The Public Services of Sri Lanka are a series of services groups that provide specialized professional services to the Government of Sri Lanka.These are government employees who carry out public duties, however they are not elected officials.
AAT Sri Lanka is registered under the Companies Act No 17 of 1982 and re-registered under the Companies Act No 7 of 2007, as a company limited by guarantee. Two years after its inception, the institute was admitted to the associate membership of the International Federation of Accountants (IFAC) which is a key body for accountants.
Thus, MDPC became the first ever management training institute of Sri Lanka. In 1972, the center began to function under the name of National Institute of Management (NIM). NIM commenced its first Diploma programme in 1975 in Business Management and in the following year, the institute was incorporated as the National Institute of Business ...
To practice law in Sri Lanka, one must be admitted and enrolled as an Attorney-at-Law of the Supreme Court of Sri Lanka.This is achieved by passing law exams at the Sri Lanka Law College which are administered by the Council of Legal Education and spending a period of six months under a practicing attorney of at least 8 years standing as an articled clerk.
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. The Institute is responsible for setting Accounting and Auditing Standards in Sri Lanka, and is considered the National Body of Accountants' in the country. [citation needed]