The Central Bank this week announced a revised list of auditors selected to audit the accounts of licensed commercial banks. They are: BDO Partners, Ernst & Young Sri Lanka, KPMG Sri Lanka, PricewaterhouseCoopers and SJMS Associates. A Central Bank November 18 circular said that the assessment criteria considered in the updated revised list and guidelines [...]

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New list of qualified auditors to commercial banks

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The Central Bank this week announced a revised list of auditors selected to audit the accounts of licensed commercial banks.

They are: BDO Partners, Ernst & Young Sri Lanka, KPMG Sri Lanka, PricewaterhouseCoopers and SJMS Associates.

A Central Bank November 18 circular said that the assessment criteria considered in the updated revised list and guidelines include the number and qualifications of audit partners, staff strength and qualifications, experience and expertise of the audit firm and availability of technical competencies including expertise on banking regulation and financial products, ability to undertake forensic audits and capabilities and experience in information technology audits. The new list is effective from January 1, 2021.

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