seeks higher CIMA accreditation
Last week The Sunday Times FT ran an investigative story on
business schools headlined "Business Schools - How good
spoke of the need for proper regulations to govern these business
schools - some of which maintained decent standards while
the others did not.
provoked a response from some top-of-the-market schools who
said they maintain "high standards". However, most
schools agreed there is a need for proper standards and monitoring.
ABS (Pvt) Ltd. is seeking a higher level of accreditation from the
Chartered Institute of Management Accountants (CIMA) of the United
The school has applied for the 'Quality Standards' level of CIMA
accreditation, given its high pass rate of students and the continuous
physical expansion of buildings and facilities.
this level requires a minimum ratio of one teacher for every 25
students, CIMA Sri Lanka Division has assured us that they would
take up the matter with the UK authorities," said Faris Ismail,
lecturer and director of ABS.
A CIMA Sri Lanka
Division spokesman said it would support ABS' application. The local
branch of CIMA will point out to its parent body that in developing
nations it is impossible to maintain such a small teacher/student
ratio to cater to the increasing demand for the qualification and
the ability of students to afford it.
Currently, all Sri Lankan institutes are slotted in the 'Threshold'
or lowest level of the CIMA accreditation.
In order to
guarantee the global reputation that the CIMA qualification enjoys,
CIMA UK has an accreditation process of three levels for all tuition
providers. Institutes that wish to be accredited must convince independent
assessors from the UK that their courses are well organised and
It is also essential
to prove that students are provided with adequate facilities and
the staff is well trained and qualified. Schools would be rated
according to how well they meet this criteria and be categorised
in to either the 'Innovation' level which is the apex, the 'Quality
Standards' level or the 'Threshold' level.
cleared in bribery case
The Bribery Commission last week dropped its asset investigation
against former Board of Investment chairman Thilan Wijesinghe. It
informed the Magistrate's Court that no evidence was found to conclude
that Wijesinghe had accumulated assets through wrongful means.
that he was happy that the Bribery Commission had concluded that
all his assets and deposits contained in bank accounts were accumulated
from known and legitimate sources of income.
vindicates the position I took at the time I resigned as Chairman,
BOI, that I was innocent of any wrongdoing and that I would clear
my name through the appropriate channels," he said in a statement.
was initiated by the former Director General of the Bribery Commission,
Rienzie Arsekularatne, who was subsequently removed from office
by President Chandrika Kumaratunga. The complaint alleged that Wijesinghe
was not co-operating with an investigation into his bank accounts
in relation to a complaint of bribery.
benefit two nations
Every businessman has a social responsibility to protect the rights
of the consumer while making profits, says Minister of Mass Communications,
Imitiaz Bakeer Marker.
the free market economy the probability of violating the customers
rights are high. It is important to protect their rights,"
he said at the signing of a partnership agreement between Sri Lanka
Telecom (SLT) and Indian Telecommunication giant Bharti Telesonic
to channel overseas traffic between two countries.
He said the
SLT-Bharti deal could be described as the first step for a fruitful
partnership which would channel 3 billion minutes of overseas traffic
between the two countries directly. SLT chairman Thilanga Sumathipala
said this is a new beginning as it will secure the future of the
company and enhance profits for SLT.