Find Accountancy, Audit and Tax expertise in Sri Lanka

Overview

There are numerous accounting firms operating in Sri Lanka, including the ‘Big Four’ and other members of international accounting firms. Naturally, such firms are mainly found in large urban centres. Companies must file their financial statements annually in accordance with the 2007 Companies Act. The Institute of Chartered Accountants announced that by 2011 the accounting standards they issue would be fully compliant with International Financial Reporting Standards (IFRS). In terms of strength of auditing and reporting standards the World Economic Forum Global Competitiveness Report (2012-2013) ranks Sri Lanka 46th out of 144 countries, two places below India, with a score of 5.0 above the world mean of 4.6. In terms of resolving insolvency Sri Lanka comes in 42nd place out of 183 countries worldwide (World Bank Ease of Doing Business Index 2011).

Accountancy, Audit and Tax organisations in Sri Lanka
The Institute of Chartered Accountants Sri Lanka