PWC News
Saturday, May 2, 2026
No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
No Result
View All Result
PWC News
No Result
View All Result

Sri Lanka’s CoPF head raises concerns over delay in Auditor General appointment | EconomyNext

Home Economy
Share on FacebookShare on Twitter


ECONOMYNEXT – Head of Sri Lanka’s Parliament Committee of Public Finance (CoPF) has raised critical considerations over delay within the appointment of an Auditor Basic and stated such delay is undermining Parliament’s monetary oversight.

Opposition legislator and the chairman of CoPF Harsha De Silva in a letter to President Anura Kumara Dissanayake stated the delay has critical implications.

The island nation’s Workplace of the Auditor Basic has been functioning with out a head since December 7 after the president stopped extending the appointment of Performing Auditor Basic.

President Dissanayake’s advice for Auditor Basic has been rejected by the nation’s Constitutional Council 4 instances previously because the final Auditor Basic retired.

The submit has been vacant since April 2025 after former Auditor Basic W.P.C. Wickramaratne retired.

“At current, there may be neither a substantive nor an performing Auditor Basic within the nation, and consequently, the Audit Service Fee stays with out a chairman,” De Silva wrote in his letter to the President.

“Given the prevailing circumstances of the nation, the continual absence of this constitutionally mandated submit is a matter of great concern.”

He identified that the Structure says the parliament has the total management over public finance and the efficient train of this management is constitutionally depending on the continual functioning of an impartial audit mechanism.

The workplace of the Auditor Basic has to audit all State establishments and is remitted to report such audits to parliament.

“The absence of an auditor basic disrupts this obligatory constitutional course of,” De Silva stated.

“Furthermore, the oversight capabilities of the Committee of Public Accounts, and the Committee on the Public Enterprises ….are straight depending on audit stories issued by the Auditor Basic. The continued emptiness due to this fact materially undermines parliament monetary oversight.”

“Because the Committee of Public Finance, ( CoPF) is answerable for the reviewing the price range and work programme of the Nationwide Audit Workplace, I contemplate it my obligation, as a Chair of the CoPF, to induce the rapid appointment of the Auditor Basic.”

When requested in regards to the delay, Cupboard Spokesman and Media Minister Nalinda Jayatissa stated some members of the Constitutional Council, which is accountable to approve the appointment, have been rejecting the President’s advice with none justifications.

“The nation actually wants an Auditor Basic. That’s the reason the President has introduced the names of certified individuals and the Constitutional Council ought to take a call on it,” Jayatissa advised reporters on Tuesday.

However, he stated, the names have been rejected with none justifications by some members together with these three representing civil society. (Colombo/December 24/2025)



Source link

Tags: appointmentauditorconcernsCoPFdelayEconomyNextgeneralLankasRaisesSri
Previous Post

Bitcoin Logs 4th Straight Outflow Day With $189 Million Exit

Next Post

Promotion of Trade: How Strategic Incentives Drive Channel Growth

Related Posts

Why are oil prices down today while gas rates are witnessing a rise? Oil and natural gas markets move in opposite directions. Here’s Brent, US WTI crude, Waha Hub prices
Economy

Why are oil prices down today while gas rates are witnessing a rise? Oil and natural gas markets move in opposite directions. Here’s Brent, US WTI crude, Waha Hub prices

May 1, 2026
Private credit group Ares draws nearly bn from investors
Economy

Private credit group Ares draws nearly $20bn from investors

May 2, 2026
After Santander’s TSB takeover – who are the top UK banks?
Economy

After Santander’s TSB takeover – who are the top UK banks?

May 1, 2026
The Onion’s bid to take over Infowars hits another snag
Economy

The Onion’s bid to take over Infowars hits another snag

April 30, 2026
Trump did ‘the worst thing a president could do’ — and voters won’t be quick to forgive
Economy

Trump did ‘the worst thing a president could do’ — and voters won’t be quick to forgive

May 1, 2026
Factory rebound could be head fake, warn economists who say Canada is losing ground to tariffs
Economy

Factory rebound could be head fake, warn economists who say Canada is losing ground to tariffs

May 1, 2026
Next Post
Promotion of Trade: How Strategic Incentives Drive Channel Growth

Promotion of Trade: How Strategic Incentives Drive Channel Growth

Posthaste: As Canadians battle burnout, holidays can offer a reset

Posthaste: As Canadians battle burnout, holidays can offer a reset

3 Altcoins Testing Critical Support Zones as Bears Tighten Grip | Investing.com

3 Altcoins Testing Critical Support Zones as Bears Tighten Grip | Investing.com

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Achmea Publishes Climate and Nature Transition Plan – ESG Today
ESG Business

Achmea Publishes Climate and Nature Transition Plan – ESG Today

by PWC
April 28, 2026
0

Netherlands-based insurance coverage and monetary providers firm Achmea introduced the launch of its Local weather and Nature Transition Plan 2026,...

Powell’s Final Act: Rates on Hold as Fed Chair Prepares to Exit | Investing.com

Powell’s Final Act: Rates on Hold as Fed Chair Prepares to Exit | Investing.com

April 30, 2026
Schneider Electric Launches New Climate Risk Assessment and Management Solution – ESG Today

Schneider Electric Launches New Climate Risk Assessment and Management Solution – ESG Today

April 27, 2026
US House approves outline for  billion more for immigration enforcement By Reuters

US House approves outline for $70 billion more for immigration enforcement By Reuters

April 30, 2026
UPI clocks ₹314 lakh crore transactions in FY26, marks 10 years of growth

UPI clocks ₹314 lakh crore transactions in FY26, marks 10 years of growth

April 30, 2026
1 Stock to Buy, 1 Stock to Sell This Week: Apple, ExxonMobil | Investing.com

1 Stock to Buy, 1 Stock to Sell This Week: Apple, ExxonMobil | Investing.com

April 27, 2026
PWC News

Copyright © 2024 PWC.

Your Trusted Source for ESG, Corporate, and Financial Insights

  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis

Copyright © 2024 PWC.