CA Sri Lanka and GIZ in partnership to develop and strengthen SMEs and SMPsView(s):
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently entered into an agreement with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH,commonly known as German Development Cooperation. As a federal enterprise, GIZ supports the German Government in achieving its objectives in the field of international cooperation for sustainable development.
Through the Small and Medium Enterprise Development programme in Sri Lanka, GIZ aims to achieve inclusive development of the SME sector. The project with CA Sri Lanka focuses on strengthening the skills and capacities of Small and Medium-Sized Enterprises (SMEs) and Small and Medium-Sized Practitioners (SMPs) in the country.
The project, which will focus on four core activities, aims to enhance SME and SMP development in the Central, Eastern, Northern, North-Western, Sabaragamuwa, Southern and Uva provinces which have been identified as ‘lagging regions’ of the country.
The agreement will pave the way for CA Sri Lanka and GIZ to conduct regional seminars on Sri Lanka Accounting Standards (SLFRS) for SMEs as well astraining programs on basic accounting and book-keeping for SMEs, in the “lagging regions” identified by the Programme.
Through the project, a help desk will also be established to support small and medium-sized enterprises and practitioners, while technical materials, guidance notes, application guidance and practice notes on SLFRS for SMEs will also be published for the benefit of SMEs and SMPs.
The cost of the project will be shared equally by CA Sri Lanka and GIZ.
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