The Securities and Exchange Commission of Sri Lanka (SEC) as part of its continuous engagement process with stakeholders in the capital market landscape, held a meeting with the managing partners and audit partners of audit firms on its list of Approved Auditors recently. The main purpose of this session was to discuss the SEC’s expectations on the role of the auditors and some recent concerns that had arisen.
SEC Chairman, Faizal Salieh, SEC Commission Member, Manil Jayesinghe, SEC Commission Member and President of CA Sri Lanka, Heshana Kuruppu, SEC Director General, Chinthaka Mendis, SEC Director Corporate Affairs, Manuri Weerasinghe, Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAASMB) Director General, Anusha Mohotti, and other officials of the SEC and SLAASMB as well as the representatives from SEC’s Approved List of Auditors participated at the meeting.
The SEC Chairman apprised the audience on SEC’s proactive regulatory approach in regulating Listed Entities and emphasized the importance of audit quality and the duties and obligations of the auditors towards public interest. The SEC officials also presented some…
