The function of the Board is to monitor compliance with the Sri Lanka Accounting Standards and the Sri Lanka Auditing Standards in the preparation, presentation and audit of financial statements of specified business enterprises.
Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAASMB) is Sri Lanka's Independent Regulator responsible for monitoring compliance of standards in accounting and auditing in relation to financial statements specified in Act No 15 of 1995.
SLAASMB is a member of the International Forum of Independent Audit Regulators (IFIAR) from 2007.
