Central Bank seeks expertise to probe/ audit some ‘selected’ companies
View(s):Sri Lanka’s Central Bank (CB) on Monday invited Expressions of Interest (EOI) from local and international companies to undertake an independent forensic audit cum investigation of “selected” companies regulated and supervised by Sri Lanka’s banking regulator.
It did not name the companies which are to be investigated. The public notice calling for EOI indicated that such interested firms should have a global practice and international experience in carrying out forensic audits/investigations.
“The bidder must have completed three or more forensic audits/investigations of a duration of at least three months in the fields of banking, finance or investments during the last five years,” the notice in local newspapers said.
While stating that the head of the team and two senior members should be from a global practice and have international experience, the notice said that the required experience among members of the team should be in the areas of forensic auditing/investigations, banking, finance, treasury operations, law and information technology, etc.
The CB regulates the banking sector, non-banking sector (finance companies, and primary and secondary dealers in the money markets.