The Association of Accounting Technicians of Sri Lanka and the Sri Lanka Association of Software and Service Companies (SLASSCOM) signed a Memorandum of Understanding (MOU) on 15th December 2014 at the Bandaranaike Memorial International Conference Hall; paving the path to one of the novel concepts introduced in the AAT Curriculum 2015 to specialize in “Business Process Outsourcing” (BPO). The MOU was signed by the President of AAT Sri Lanka Mr. Lalith T. Fernando and the Vice Chairman of SLASSCOM, Dr. Arul Sivagananathan in presence of the gathering who participated at the ceremonial launch of new syllabus.

AAT Sri Lanka is registered as a company limited by guarantee in 1987, on the initiative of the Institute of Chartered Accountants of Sri Lanka with the primary objective of producing Accounting Technicians for the private and public sector which currently possess around 40,000 active students and 4,000 members. The curriculum 2015 of AAT Sri Lanka was ceremonially launched under the theme ‘Employment Fast Tracked’ on the same date.

SLASSCOM acts as a catalyst of growth of the Sri Lankan IT and BPM industry by facilitating trade and business, propagation of education and employment, encouragement of research and innovation, and by supporting the creation of a progressive national policy framework. Sri Lanka’s IT/BPM industry has set its vision to achieve USD 5 billion in exports by 2022 while generating 200,000 jobs and facilitating 1000 startups in the country.

Sri Lanka was the winner of the prestigious National Outsourcing Association (NOA) Offshoring Destination of the Year Award 2014 for the 2nd consecutive time, validating that the country is a leading destination for outsourcing of information technology and Business Process Management. A survey conducted in 2012 by the Global Services magazine ranked Sri Lanka among the top 20 centers of excellence for FAO in the world. Colombo has been recognised as a global centre of excellence for Finance and Accounting, with the Global Services Magazine ranking the city 5th in the world in 2012 and was also ranked 7th among the 15 emerging cities for finance and accounting outsourcing by Tholons (SLASSCOM-PWC Sri Lankan IT/BPM industry review, 2014).

Therefore, this MOU aims to facilitate mutual co-operation between AAT and SLASSCOM recognizing the value of promoting advancement of the Business Process Management in the finance and accountancy profession which is a sphere of national competitive advantage for Sri Lanka.