Diagnostic Study of Accounting and Auditing Practices in Sri Lanka

Publication | December 2002
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This report describes accounting and auditing arrangements in Sri Lanka, identifies deficiencies in those arrangements and presents recommendations to address those deficiencies.

Price
  • US$10.00 (hardcopy)

Although Sri Lanka had reasonable financial management arrangements before the finance company crisis, as a consequence of the subsequent corrective improvements, these arrangements now compare very well with those of other countries, at least for the private sector.

In contrast, public corporation financial governance practices are poor, as are other public sector accounting arrangements. In the case of public corporations, the study makes several recommendations to strengthen governance.

Contents

  • Introduction
  • Accounting and Auditing in Sri Lanka
  • Professional Infrastructure
  • Accounting and Auditing Standards
  • Accounting and Auditing Training
  • Government Budgeting and Accounting
  • Donor Assistance
  • Issues and Recommendations
  • Main Deficiencies and Action Plan
  • References and Appendixes

Additional Details

Authors
Type
Series
Subjects
  • Finance sector development
Countries
  • Sri Lanka
SKU
  • 090402
ISBN
  • 971-561-466-3

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