By: Isuru Parakrama
Colombo (LNW): Many government agencies have not yet handed over their financial statements on time, and in the backdrop the fulfillment of the conditions imposed by the International Monetary Fund (IMF) in the granting of loans to Sri Lanka may also be hindered, revealed Auditor General W.P.C. Wickramaratna.
Speaking to media, the Auditor General emphasised that government agencies must submit their financial statement for audit by February 28 every year, adding that these reports should be submitted by the secretaries in charge of the relevant body.
He added that some government institutions are working to submit their statements of five years at once, lamenting that he cannot accept such reports given that it is not a correct process.
