Public Sector Excellence: 45 Entities Honored at 9th BARA Awards 📈

The Association of Public Finance Accountants of Sri Lanka (APFASL), the public sector wing of CA Sri Lanka, successfully concluded the 9th Best Annual Reports and Accounts (BARA) Awards on 5 February 2026. The event highlighted a significant shift toward transparency and international reporting standards within government institutions. • Overall Participation: A total of 260 public entities competed for honors, reflecting a strong commitment to good governance and fiscal discipline. • Key Winners: 45 entities were recognized as top winners for excellence in financial reporting, while 187 institutions received Compliance Certificates. • Sector Highlights: The competition saw exceptional participation from Provincial Councils and Local Authorities, signaling improved reporting quality across all tiers of government. • Economic Context: Officials emphasized that transparent reporting and ethical stewardship are critical to Sri Lanka’s ongoing reforms and the rebuilding of institutional trust. The awards serve as a benchmark for strengthening financial accountability and performance in the public sector, supported by over 600 finance professionals in attendance.