AAT conducts workshop to educate members on scope of practice | Daily News

AAT conducts workshop to educate members on scope of practice

Panel of speakers
Panel of speakers

The Association of Accounting Technicians of Sri Lanka (AAT), successfully hosted a full day workshop and certificate awarding ceremony for its Members in Practice (MIP) recently, at the Auditorium of Hector Kobbekaduwa Agrarian & Research Institute. Around 150 MIPs who are in the practice of accounting, tax and other business consultancy, participated at the event. The main objective of the workshop was to educate members on the scope of practice, challenges and opportunities available for practitioners. This is the first time in AAT’s history to award certificates to their MIPs, which is in line with the initiative to standardize and regularized the practice of MIPs of their development.

The workshop began in the morning with the key presentation delivered by Prof. Rohana Kuruppu, Chief Executive Officer, Brandix College of Clothing Technology on “How to be an Effective Practitioner.” The event was then followed by two panel discussions.

The first discussion was about “Exposing practitioners to industry and exploring opportunities,” which was moderated by Kumar Mayadunne, Banking Consultant. The panel members were Chalana Amarasinghe, Deputy Director, Trade Facilitation and Trade Information, Export Development Board, Hemal C. Lokugeegana, Deputy General Manager/Chief Risk Officer, Sanasa Development Bank and Suranga Karunarathna, Relationship Manager- SME, Hatton National Bank.

The second panel discussion was about “Technical requirements for practitioners,” which was moderated by Lakshman Abeysekara, Member of AAT Governing Council and Chairman of the Membership Committee. Sunil Wanigabadu, Secretary, AAT Sri Lanka, and Jagath Perera, Member of the Governing Council of AAT Sri Lanka, discussed about the Scope of MIPs, challenges & requirements to proceed, FAQs by MIPs, Quality Assurance, Compliance, Code of Ethics and Development of MIPs. Ranjith Hapuarachchi, Senior Commissioner, Tax Policy, International Affairs and Secretariat, Department of Inland Revenue, joined with the panel to discuss the “Recognition and opportunities for Approved Accountants & Authorized Representatives,” while T Dharmarajah, Partner, Amarasekara & Company, Past President, AAT Sri Lanka, deliberated on the “Importance and application of Technical know-how of an MIP & required Technical Competencies.”

The workshop had been very fruitful and interactive and well received by all MIPs.

The Certificate Awarding Ceremony for MIPs was held in the evening with the participation of Nadun Guruge, Acting Commissioner General of the Department of Inland Revenue, as the Chief Guest and the President and members of the governing council of AAT Sri Lanka.

There are two types of members in practice, namely, the Fellow Members who are eligible to act as approved Accountants for Inland Revenue purposes and undertake any other accountancy/consultancy service other than statutory audits.

The other type of MIP category is those who are eligible to undertake any accountancy/ consultancy services, other than statutory audits, but not eligible to act as Approved Accountants for Inland Revenue purposes.


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