SDB Bank and CA Sri Lanka Strengthen Cooperative Financial Governance
SDB bank; The Bank where you are valued, partnered with the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) to conduct a specialized workshop for audit officers attached to the Department of Cooperative Development. The overarching objective is to strengthen financial accountability within the cooperative fraternity by cascading knowledge, expertise, and experience to grassroots societies connected with the department, ultimately enabling them to benefit from improved audit standards.
The workshop brought together officers from the Kegalle, Kurunegala, and Badulla districts, equipping them with modern auditing and accounting techniques to enhance financial oversight within cooperative societies. While the first phase of this initiative focused on these three districts, it is part of a larger islandwide project aimed at strengthening financial transparency and governance across Sri Lanka. Cooperative societies play a vital role in the country’s grassroots economy, and well-governed financial systems enable them to access better funding opportunities, directly supporting the growth of SMEs and reinforcing broader sustainability goals.
This initiative strengthens financial integrity by bridging knowledge gaps and introducing contemporary best practices, ensuring long-term stability for cooperative organizations. It also fosters greater collaboration between the Cooperative Development Department and SDB bank, paving the way for continuous improvement in governance and financial management.