📈 CMA Sri Lanka & SAFA Seminar Focuses on Energy Sector Modernisation

• Event Overview: CMA Sri Lanka and the South Asian Federation of Accountants (SAFA) wrap up an international seminar on implementing cost records, cost accounting, and cost audits today (Oct 12) at Taj Samudra, Colombo. • Regional Representation: Features presentations and panel discussions by SAFA member nations including India, Pakistan, Bangladesh, and Sri Lanka. • Focus Sector: Standardized cost accounting framework is targeted to support the energy sector, driven by the unbundling of electricity into generation, transmission, and distribution to benefit business undertakings and the public. • National Context: The initiative aligns with Sri Lanka's economic acceleration and upper-middle-income growth goals under World Bank criteria. • Key Officials: Public Utilities Commission of Sri Lanka (PUCSL) Chairman Prof. Lalith Chandralal will deliver the Valedictory Address alongside PUCSL CEO Damitha Kumarasinghe, SAFA President Mohammed Humayun Kabir, and CMA Sri Lanka President Prof. Lakshman R. Watawala.