The International Chamber of Commerce Sri Lanka (ICC Sri Lanka) and the Association of Chartered Certified Accountants (ACCA) have officially signed a Memorandum of Understanding (MoU), marking the beginning of a significant strategic partnership aimed at advancing and fostering excellence in the accountancy and finance professions in Sri Lanka. This MoU sets the stage for a range of initiatives designed to benefit members of both organizations, enhance their global professional reach, and drive forward mutual goals in professional development and educational advancement.

The MoU was signed by Mr. Shanil Fernando Chairman of ICC and Ms. Nilusha Ranasinghe Head of South Asia ACCA. Under the terms of the MoU, ICC Sri Lanka and ACCA have committed to a range of collaborative initiatives aimed at advancing the accountancy and finance professions. ACCA will provide ICC Sri Lanka with access to its extensive professional development resources, while both organizations will work together to develop strategies for competencies, skills mapping, and training programs. They will also launch joint marketing campaigns to promote their collaborative efforts and raise awareness of ACCA’s training programs, qualifications, and master’s courses. Additionally, the partnership will focus on creating new educational pathways and capacity-building activities to prepare students for successful careers in accountancy and finance. By leveraging each other’s professional networks, the parties aim to enhance student employability and achieve their mutual goals, with activities being reviewed at least bi-annually to ensure they meet their objectives.

Mr. Shanil Fernando emphasized, “This partnership with ACCA represents a significant step forward in our efforts to advance the accountancy and finance professions in Sri Lanka. Through collaborative marketing campaigns and outreach efforts, we aim to raise awareness about the benefits of ACCA’s qualifications and training programs, and in turn promoting a culture of continuous learning and professional excellence in finance.’

Ms. Nilusha Ranasinghe added, “We are delighted to partner with ICC Sri Lanka to further our mutual commitment to professional excellence. Through this partnership, we aim to offer unparalleled professional development opportunities, from comprehensive training programs and innovative learning resources. As such, our collaborative efforts will focus on creating new pathways for students, enhancing their employability, and supporting their growth into successful finance and accountancy professionals. Overall, this MoU sets the stage for a productive collaboration that will benefit both our organizations and the wider finance and accountancy profession.”