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CIMA, CSE Sign MoU to Further Collaboration

Business News Update: The Colombo Stock Exchange (CSE) recently signed a Memorandum of Understanding (MoU) with The Chartered Institute of Management Accountants (CIMA) to further strengthen collaborative efforts.

The MoU calls for cooperation on the exchange of information and paves the way for CSE to work together with CIMA on a number of strategic initiatives. The MoU was signed at the Exchange by CSE CEO Mr. Rajeeva Bandaranaike and CIMA President and Chair of the Association of International Certified Professional Accountants Mr. Amal Ratnayake FCMA, CGMA.

Commenting on the MoU CSE CEO Mr. Rajeeva Bandaranaike said; “I welcome this important initiative which formalizes and strengthens the existing relationship between the two institutions.

CSE and CIMA share an excellent working relationship and the MoU is an extension of that relationship. The new avenues for collaboration created through this MoU will add value to the Exchange and we look forward to continuing to build on our constructive collaboration in the interest of developing the capital market in the country.”

Commenting on the initiative CIMA President and Chair of the Association of International Certified Professional Accountants Mr. Amal Ratnayake FCMA, CGMA said; “We are very excited to bring together all the various initiatives that have been discussed so we can power trust, opportunity and prosperity. This initiative with CSE will help businesses, organisations and the economy in Sri Lanka, especially in these times of extraordinary technological change. I thank CSE and the CSE management for all the support provided and look forward to seeing these collaborative efforts succeed”.

The Chartered Institute of Management Accountants® (CIMA), founded in 1919, is the world’s leading and largest professional body of management accountants. CIMA helps individuals and businesses to succeed by harnessing the full power of management accounting – not just accounting for the balance sheet, but accounting for business.