Regulation Helps

The Chairman of a “big four” accounting firm says Sri Lanka will have to move away from self regulation of the accounting and auditing profession like in the US and Europe. The Chairman of a “big four” accounting firm says Sri Lanka will have to move away from self regulation of the accounting and auditing profession like in the US and Europe.






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James
Turley
, the Global Chairman and CEO of Ernst and Young said regulatory
oversight was helping win back investor confidence in the profession.

Excerpts:

Shamindra
Kulamannage: Do you think, Sri Lanka should fully adopt International Financial
Reporting Standards than depend on local ones