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Students who intend to obtain the concessions from the ICASL Practical Training Programme should undergo a Monitored Practical Training. Within two weeks of commencing Training at an approved firm, the Student should sign a Training Agreement with AATSL.To obtain the, Training Agreement Form, a Student should submit a letter from his Supervisor on the official letter-head of the Training Organization. The duly completed Training Agreement Forms should be handed over to the AATSL within the next two weeks.
Trainees may back date their Practical Training Records up to a maximum of three months only, from the date of signing the agreement by the AATSL.
 Supervising MemberA member of the Institute of Chartered Accountants of Sri Lanka
Training Organization
An Audit or Non-Audit, ICASL approved firm
Prescribed Period of Training - Two Years
The minimum Practical Training required is 1250 hours per year.
Method of Recording the Practical Training
Students should record their Practical Training in the specified PRACTICAL TRAINING RECORD BOOK of the AATSL
Areas of Training
1. Accounting
1. Recording financial transactions.
2. Preparing financial statements including consolidations
3. Applying relevant Sri Lanka Accounting Standards, Companies Act, Stock Exchange, and other requirements to financial statements
4. Analyzing and interpreting financial statements
5. Preparing and reviewing Budgets, comparison against performance, Profit and Cash flow forecasts
6. Designing and installing Management Accounting information and control systems.
7. Use of I.T. in any of the above
2. Auditing
1. Planning, Controlling and Recording Audit work
2. Assessing adequacy of accounting systems
3. Gathering and evaluating Audit evidence
4. Evaluating and testing internal controls
5. Reviewing financial statements
6. Applying Auditing Standards and Guidelines
7. Compliance with regulatory body requirements
8. Drafting Audit and similar reports
9. Use of I.T. in any of the above
3. Taxation
1. Analysis of income, expenditure and other relevant data
2. Preparation of personal and corporate tax returns and computations
3. Preparation of returns and administration of PAYE / VAT, Excise duties and other taxes
4. Communications with tax authorities
5. Other work to ensure compliance with statutory tax obligations
6. Tax planning reviews
7. Use of I.T. in any of the above
4. Information Technology
1. Carrying out general controls and application reviews
2. Interrogations using Computer Aided Audit Techniques
3. Evaluating hardware and software
4. Security reviews
5. Disaster and contingency planning
6. Design of database, networks and communication links
7. Training of users and operators
Minimum Training Requirement in accordance with Experience Categories per year
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Experience Category
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Audit Sector
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Non-Audit Sector
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1. Accounting
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200
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625
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2. Auditing
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400
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3. Taxation
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50
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25
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4. Information Technology
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50
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50
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Total Minimum Training requirement in accordance with Experience Categories
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700
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700
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