CA Sri Lanka President Arjuna Herath takes over the reins of SAFA

January 30, 2015

Prominent Chartered Accountant, Mr. Arjuna Herath, the incumbent President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) assumed office as the 31st President of the South Asian Federation of Accountants (SAFA), the apex accounting body of the South Asian Association for Regional Co-operation (SAARC).

Speaking soon after assuming office as the President of SAFA, Mr. Herath said that it was his honour to serve the member bodies of the South Asian region with the ultimate aim of unifying individualstrengths to create synergy for the benefit of all member bodies and to influence and voice the perspectives of the region at an international level on matters relating to the accounting profession and allied areas.

SAFA, is an apex body of the South Asian Association for Regional Co-operation (SAARC) and a Regional Grouping of the International Federation of Accountants (IFAC). SAFA consists of the institutes of chartered accountants and the institutes of cost & management accountants in the SAARC countries who have associated together with the objective of developing the accountancy profession in the region

Apart from his current positions as President of CA Sri Lanka and SAFA, Mr Herath also serves several high profile international and regional committees. He is a Member of the Board of Directors of the Confederation of Asia Pacific Accountants (CAPA), and is a Member of the Professional Accountancy Organisation Development Committee of the International Federation of Accountants (IFAC). He is a Partner and Head of Advisory Services, Ernst & Young – Sri Lanka and Maldives and Commissioner of the Securities and Exchange Commission (SEC) in Sri Lanka.

He also serves as a Member of the Board of Directors of the Sri Lanka Accounting and Auditing Standards Monitoring Board, Postgraduate Institute of Management in Sri Lanka, Board of Directors of the Association of Public Finance Accountants of Sri Lanka, Board of Management of the School of Accounting and Business in Sri Lanka and the Accounting Standards Committee and Auditing Standards Committee in Sri Lanka.