The Institute of Certified Management Accountants of Sri Lanka

The Background

The Society of Certified Management Accountants of Sri Lanka was set up with the technical support of CMA (Canada), and Financial Sponsorship of the Canadian International Development Agency (CIDA). Approval was granted by the Ministry of Trade in the year 1999 to set up the Society of Certified Management Accountants of Sri Lanka and this was by Gazette Notification. The CMA has signed Memorandum of Understandings with all the Professional South Asian Management Accounting Bodies the Institute of Cost & Management Accountants of India, Institute of Management Accountants of Pakistan and The Institute of Management Accountants of Bangladesh.

South Asian countries of India, Pakistan and Bangladesh have their National Management Accounting bodies which play a lead role in the Management Accounting Profession both in the private and public sectors. In fact, Sri Lanka was the only Founder Member in the South Asian Federation of Accountants, which comprises the Accounting bodies of India, Bangladesh, Pakistan, Sri Lanka and Nepal that did not have its own National Management Accounting body.