Audit failures News

Governance in Crisis: Analyzing the NDB Financial Scandal and Regulatory Silence.

The alleged Rs. 13.2 billion financial discrepancy at the National Development Bank (NDB) has triggered a national debate on institutional accountability, audit failures, and the effectiveness of oversight bodies in Sri Lanka.

Severe Security Lapses in Sri Lanka's Treasury Payment Systems Sparks Urgent Audit.

The diversion of $2.5 million from a state foreign debt payment has triggered a national debate regarding the security and verification protocols governing Sri Lanka's high-value government transactions.

SriLankan Airlines Faces Dual Financial Investigations Over Dubai and Chennai Incidents.

SriLankan Airlines is under investigation following two distinct financial fraud cases in Dubai and Chennai, involving email hacking and internal document forgery, resulting in significant losses.

Serious Security Lapses Lead to $2.5 Million Cyber Fraud at Sri Lankan Treasury.

Urgent Need for Financial Oversight: Addressing Recent Lapses in State Fiscal Management.

Parliamentary Watchdog Grills Central Bank Over NDB Bank Internal Control Failures.

Parliamentary Probe Initiated Into Mysterious $2.5 Million Financial Fraud.

The Committee on Public Finance (COPF) is set to investigate a controversial $2.5 million cyber fraud incident involving the Ministry of Finance, as its chairman expresses deep skepticism over alleged hacking claims.

Government Launches Investigations into Multiple Cyberattacks Targeting State Infrastructure.

Sri Lankan authorities have launched high-level investigations following a cyberattack on the Public Administration Ministry and a separate financial theft involving the diversion of $2.5 million from the Finance Ministry.

Minister Samarasinghe Challenges Auditor General’s Findings on Coal Procurement.

The AI Revolution in Auditing: Bridging the Gap Between Innovation and Regulation.

UK Financial Watchdog Sets Strict Accountability Rules for AI in Auditing.