CA Sri Lanka introduces SLFRS S1 and S2 framework with strategic guidebook to equip businesses for global compliance

IN a landmark move that positions Sri Lanka as a global front-runner in sustainable reporting practices, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has launched the Preparers' Guide to SLFRS S1 and S2 and a comprehensive three-tier course on sustainability reporting, focusing on SLFRs S1 and S2.

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CA Sri Lanka President Heshan Kuruppu (right) being presented with the guide

This pioneering initiative forms a key pillar of the Institute's strategic roadmap, reinforcing its role as the sole authority for issuing accounting, sustainability, and auditing standards in Sri Lanka, while driving nationwide adoption of sustainability practices.

The launch of the publication and the course marks a definitive step for Sri Lanka, recognising it as one of the first jurisdictions globally, and among the first in South Asia, to adopt and implement the International Sustainability Standards Board (ISSB) standards. This strategic adoption, guided by CA Sri Lanka's roadmap for sustainability standard adoption, signals the country's robust commitment to transparent, comparable, and reliable sustainability reporting for investors.