Country: Sri Lanka
Mr. Ajith S Ratnayake was appointed as a member of IPSASB from January 2020. He was nominated by CA Sri Lanka.
He is the retired founder Director General of the Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAASMB). He was responsible for building the technical capacity of SLAASMB and setting up its monitoring process of financial reporting and auditing of public interest entities in Sri Lanka. In his last engagement before joining SLAASMB, he set up the finance division of a joint venture Vodafone (UK) launched in Fiji. He represented SLAASMB in the advisory council of the International Forum of Independent Audit Regulators (IFIAR), and at the Consultative Advisory Groups of IAASB and IESBA. He represented Sri Lanka at the Intergovernmental Group of Experts on International Standards on Accounting and Reporting (ISAR). He was a member of the committee which drafted the Code of Best Practice on Corporate Governance jointly issued by the Institute of Chartered Accountants of Sri Lanka and the Securities and Exchange Commission (SEC). He was also a member of the Presidential Commission on Failed Finance Companies in Sri Lanka.
Mr. Ratnayake is a fellow member of CA Sri Lanka, ICMA (UK) and the ACCA (UK). He was awarded the Management Accounting Price at the final exam of CA Sri Lanka.