PWC News
Saturday, January 31, 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

‘Either Incompetent or crook’: Trump blasts Fed chair Powell as DOJ investigation question looms
Economy

‘Either Incompetent or crook’: Trump blasts Fed chair Powell as DOJ investigation question looms

January 30, 2026
Sri Lanka Central Bank chief warns of high yielding plantation investments | EconomyNext
Economy

Sri Lanka Central Bank chief warns of high yielding plantation investments | EconomyNext

January 31, 2026
Labour minister hits back at Trump’s criticism of China trade
Economy

Labour minister hits back at Trump’s criticism of China trade

January 30, 2026
Walmart directly debunks Trump’s ‘wildly inaccurate’ claim
Economy

Walmart directly debunks Trump’s ‘wildly inaccurate’ claim

January 30, 2026
Posthaste: Miserable about food prices? There's a good reason for that
Economy

Posthaste: Miserable about food prices? There's a good reason for that

January 30, 2026
Sri Lanka sells Rs179.06bn in 2030, 2034, and 2037 bonds | EconomyNext
Economy

Sri Lanka sells Rs179.06bn in 2030, 2034, and 2037 bonds | EconomyNext

January 29, 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

3 Things You Should Know About EVs in 2026
Energy

3 Things You Should Know About EVs in 2026

by PWC
January 30, 2026
0

When you’ve been following the information about electrical automobiles (EVs) over the previous yr, you recognize that it’s been a...

Chart of the Week: Two Superpowers, Two Energy Futures

Chart of the Week: Two Superpowers, Two Energy Futures

January 30, 2026
Analyst Says You’re Not Bullish Enough On Ethereum – What Does He Mean?

Analyst Says You’re Not Bullish Enough On Ethereum – What Does He Mean?

January 25, 2026
Caregivers for the elderly could lose wage protections under Trump proposal

Caregivers for the elderly could lose wage protections under Trump proposal

January 29, 2026
Fed holds key interest rate steady as economic view improves

Fed holds key interest rate steady as economic view improves

January 29, 2026
Decoding CTA Allocations by Trend Horizon – CFA Institute Enterprising Investor

Decoding CTA Allocations by Trend Horizon – CFA Institute Enterprising Investor

January 28, 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.