The CPA programme comprises seventeen examinations, made up of nine at formation level and eight at professional level modules including a multi-disciplinary case study, and a fully integrated practical experience requirement. The examinations are designed to test the extent and depth of a candidate's theoretical knowledge as well as practical training experiences. Formation levels I and II are examined by CPA Sri Lanka and Professional levels I and II are examined by CPA Ireland, leading to dual qualifications of CPA (Ireland) and CPA (Sri Lanka); or any one of them. This arrangement has resulted in a substantial amount of cost savings to Sri Lankan students pursuing CPA Ireland membership.
CPA Sri Lanka is formed with the view to promote the art and science of accounting and to provide quality education and training for students to advance their knowledge, skills and capabilities to meet the changing needs of modern society. It is a national professional institute with international perspectives, dedicated to the promotion of the highest accounting, finance, auditing, taxation, ethical standards and other associated disciplines. CPA Sri Lanka provides an infrastructure which supports the profession and enables members to meet the needs of the evolving global environment and safeguard the public interest. It is committed to play a major role in human resource development in Sri Lanka.
CPA Sri Lanka, within its relatively short period of operation, has members and students working in many parts of the world. Its current membership operates in Public Practice, Industry, Commerce and Public Sector.
The Institute of Certified Public Accountants in Ireland founded in 1943, is one of the main Irish accountancy bodies. The Institute is active in the profession at national and international level participating in the Consultative Committee of Accountancy Bodies – Ireland – CCAB (I) and together with other leading accountancy bodies the Institute was a founding member of the International Federation of Accountants (IFAC) – the worldwide body. The Institute is also a member of the Federation des Experts Comptables Europeens (FEE), the representative body for the main accountancy bodies in 27 European countries.
The Institute fulfils its statutory role as a recognised body by overseeing the professional activities of its members in practice, and ensuring that education and training standards are maintained. The CPA Ireland was the first accountancy body, in Ireland or the United Kingdom, to introduce a mandatory regime of CPE, a requirement that extends to members in every jurisdiction. Also, it is an implicit condition of membership of CPA Ireland that all members comply with Bye Laws, Codes of Professional Conduct, Mandatory CPE Requirements and all other requirements compliance with which distinguishes CPAs as members of a self regulatory body which is itself fully compliant with the Statements of membership Obligations (SMOs) of IFAC. The Institute ensures that all CPAs remain at the leading edge throughout their careers. The Institute provides a quality service to its members and students, which has been recognised through the award and maintenance of ISO 9001:2000.
CPA Sri Lanka and the CPA Ireland have entered into a Memorandum of Understanding (MOU), which will see both bodies offer service and support to each others’ members and collaborate on joint research, curriculum, subject and course development, education, training member body development and on other areas of mutual interest. CPA Ireland and CPA Sri Lanka share common and strong interests in the advancement of the profession of accountancy, especially in relation to the maintenance and strengthening of professional and educational standards. As a founder member of IFAC, CPA Ireland shares the IFAC vision of strengthening the global profession and is committed to supporting the long term development of CPA Sri Lanka. CPA Sri Lanka shares the IFAC objective to serve the public interest by strengthening the profession and contributing to the development of strong international economies. This relationship provides our organisations with a unique opportunity to explore how we can advance these common interests.
The CPA Ireland qualification has statutory recognition in 27 countries in the European Union and New Zealand, and allows members to secure employment in industry, the public sector and public practice (as auditors) in these countries.
In order to allow its members to obtain membership of other countries it has entered into MRA (mutual Recognition Agreement) with CPA Canada, CPA Australia, IPA South Africa, Institute of Chartered Accountants of India and Institute of Chartered Accountants of Bangladesh and MOUs with many other countries in the world The CPA qualification that we offer in collaboration with the CPA Ireland is truly a global qualification which secures employment in many parts of the world, some of which are among the most advanced and most popular destinations of all times among many Sri Lankan immigrants and job seekers. Certified Public Accountant; CPA: qualification and the designation For non-British and non British colonial nations, Certified Public Accountant brands are the most popular. In the 21st century, CPAs have become the largest bodies in terms of global membership. The CPA designation is the most widely used designation worldwide for professional accountants. From the United States of America, all throughout Middle East, Far East, right up to Japan and China professional accountancy institutions operate under the name Certified Public Accountants. As the CPA qualification is based on international financial reporting and auditing standards, CPAs are well qualified to operate in any jurisdiction internationally. For those looking to enhance their career prospects by selecting the most sought after of the credentials find that CPA is the best suited to their personal career aspirations. It is the most respected credentials in the world of accounting and finance, and requires the completion of a rigorous credentialing process., there is no doubt that it is best suited to those who pursue career in accounting and finance in both private and public sectors.The CPA designation:
By becoming a CPA; the most well known and globally recognised accountancy qualification, you are joining a global network. Out of some two and a half million accountants globally, one million plus describe themselves as CPAs.
In certain countries, in particular, Middle East , CPAs are paid higher than any other professionally qualified accountants.