ICAEW has recently signed a MOU with ICASL in Srilanka and also has given generous exemptions to ICASL members in Srilanka as well as ACCA and CIMA members living in Srilanka.
According to the agreement and the litrature available in the ICAEW website above mentioned qualified members has to do only two papers from the ICAEW advanced stage and the case syudy and the online structured ehtics course to gain the ACA designation in Srilanka.
Total Srilankan qualified accountants market is about9000 members with ICASL about 4500 CMA is about 1000 and CIMA is about 2500 and rest is ACCA about1000
IN future this may be a death blow to the local accountancy bodies as well as for the CIMA and als for ACCA qualified in Srilanka fl