The Hon. Minister of Trade, Commerce, Consumer Affairs & Marketing Development tabled in Parliament on the 18th March 2009 the Bill for the Incorporation of the Institute of Certified Management Accountants of Sri Lanka.
The bill was approved by Parliament and the Institute of Certified Management Accountants, Act No. 23 of 2009 was given assent by the Hon. Speaker on the 20th April 2009.
This created history in the accounting world where Sri Lanka after 50 years since the incorporation of the Institute of Chartered Accountants of Sri Lanka, a new Professional Management Accounting body was incorporated and given the government recognition.
As a Sri Lankan body the Institute provides opportunities for students to undertake a professional course in Management Accountancy at affordable rates.