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.
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