The Sri Lankan economy has seen robust annual growth at 6.4 percent over the course of 2003 to 2012. Almost five years after the end of the three-decade civil conflict, Sri Lanka is now focusing on long-term strategic and structural development challenges as it strives to transition to an upper middle income country.
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This assessment of public sector
accounting and auditing is generally meant to assist with
the implementation o f more effective Public Financial
Management (PFM) t... Show More +hrough better quality accounting and
public audit processes in Sri Lanka. Following the
introduction, and chapters on public sector accounting and
auditing, Annex A explains the methodology used for the
study. Annex B provides a summary of accounting and auditing
standards referred to in this study. Annex C and D provide
Sri Lanka accounting and auditing legislation, respectively.
Lastly, Annex E includes a description of the benefits of
accrual accounting. Show Less -