Sri Lanka accountants meet to mull new rules, post-war prospects

Aug 31, 2011 (LBO) - Post-war business opportunities and the transition to new global accounting rules will be among the topics to be discussed at a conference organised by the Institute of Chartered Accountants of Sri Lanka. Mudalige said demand for conference participation has grown so much that they had to hold it at the Water's Edge in Battaramulla on the outskirts of Colombo, the only auditorium big enough for 1,000 people, as hotels in the capital lacked capacity. It will be a forum not only for professional accountants but also for the public and policymakers as well with the deliberations contributing to government policymaking, said Arjuna Herath, chairman of the ICASL's conference organising committee.
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"The government solicits recommendations and ideas from the institute," he told a news conference held to announce the three-day National Conference of Chartered Accountants 2011 starting on October 20.
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"The ICASL also looks after the public interest in terms of accounting and financial standards. The event is important not only for the ICASL but also for policymakers and the public.
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ICASL council member Coralie Pietersz said the conference will discuss business opportunities emerging after the end of t