The UK-based International Association of Practicing Accountants (IAPA) recently inducted the Chartered Accountant firm SWT Associates as its member firm in Sri Lanka.

IAPA Vice-Chairman Martin Clapson said: “Success in a global market comes from local knowledge. We are delighted to recruit such a dynamic and progressive firm in Sri Lanka, a country where we have previously been unrepresented.”

“The affiliation was cemented upon the recently concluded rigorous admission process by our South Asian partner. We were very much convinced that SWT Associates will fit perfectly into our eligibility criteria and their appointment is aligned with the efforts to grow IAPA’s representation in the Asia Pacific Area,” he added.

“The IAPA membership will lead to even greater opportunities for SWT Associates to serve our clients, especially when it comes to meeting their international business needs. It’s a fantastic opportunity for us to gain new ideas and insights to reevaluate our international growth strategies to attract new business. We look forward to leverage SWT Associates as the advisory firm of the future with success, while maintaining IAPA’s high standards of professionalism and integrity,” said SWT Associates Managing Partner Wajira Kaluarachchi.

“We share the same vision for continuing to provide clients with flexible, strategic and groundbreaking tools to better serve international accounting needs. I see this affiliation as a win-win for both our outstanding memberships and, in particular, for the clients who rely on valuable and trusted resources around the world,” she added.

Founded in 2004, SWT Associates provides professional services in the spheres of audit and assurance, taxation, corporate secretarial services and finance and accounting services to a portfolio of over fifty clients locally and internationally, operating in a wide range of industries including retail, hospitality, telecommunications, manufacturing, engineering and health.

Established in 1979, IAPA comprises over 200 member firms with offices in some 70 countries. The international reach of IAPA member firms offers instant access to firsthand knowledge of local regulations, culture and customs—removing potential cross-border uncertainties and increasing opportunities for real business development. IAPA ranks amongst the top 25 global accounting organiations and within the top 10 associations of independent accountancy firms.