The Sri Lanka Accounting and Auditing Standards Monitoring Board

The Sri Lanka Accounting and Auditing Standards Monitoring Board

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Description

Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAASMB) established under Sri Lanka Accounting and Auditing Standards Act No. 15 of 1995, is Sri Lanka’s independent regulator responsible for monitoring compliance with standards in accounting and auditing, in relation to financial statements of entities specified in the act.

SLAASMB has been engaged in monitoring financial reporting by economically significant entities termed as SBEs since the year 2000 and in monitoring auditors since 2007.