We’ve known about Sri Lanka’s accounting potential for some time. Afterall, Sri Lanka is home to BPO Connect delivery centres. And that’s because Sri Lanka carries on the British tradition of accounting; the legacy of British accounting qualifications lives on post-independence in a country with a population comparable to Australia. This makes it easier for us to train accounting associates in Australian accounting.
But, we’re not the only ones who know this. A handful of global companies such as UK Accounting and Legal Service Centre of WNS, Investment Research Centre of Amba Research, UK Banking Centre of HSBC and the Finance & Accounting Centre of RR Donnelley have set up accounting delivery centres in Sri Lanka.
Last year, global consulting firm AT Kearney ranked Sri Lanka number 16 on their top 20 global outsourcing destinations list (up 5 places from 2013), and for good reason.
After the U.K., Sri Lanka has the largest pool of accounting professionals emerging from accounting bodies such as the Chartered Institute of Management Accountants (CIMA),the Association of Accounting Technicians (AAT), the Association of Chartered Certified Accountants (ACCA) and the Institute of Chartered Accountants Sri Lanka (ICASL).
The aggregate pool of students and fully qualified accounting professionals (including technicians) in Sri Lanka is estimated to be around 86,000 and 25,000, respectively.
CA Sri Lanka currently boasts a vast and impressive training partnership with more than 600 organisations from audit and commercial sectors.
BPO Connect received the highly sought-after recognition as a strategic level training partner with CA Sri Lanka last year. That’s because BPO Connect requires new accounting staff to complete a rigorous 8-week training programme covering taxation and compliance, from an Australian as well as U.S. perspective.