NOC: Members seek NOC audited accounts re-examined - News Summed Up

NOC: Members seek NOC audited accounts re-examined


SportOver a one-third of the membership of the National Olympic Committee of Sri Lanka (NOCSL) have collectively made a request through a letter to the Auditor General (AG), urging a 'more detailed inspection' on audits of accounts for seven years, since 2010. The four-page letter goes on to say that accounts for seven years of 2010, 2011, 2012, 2013, 2014, 2015 and 2016 have not been submitted for audit in due time by the NOCSL administration of the time, willingly or by accident. "This was not done on time, thus not facilitating the NOCSL membership from properly examining the accounts for comments and queries at the Special General Meeting (SGM) held on February 23, 2018," the letter states. "Ideally, each year's accounts should have had a qualified statement from the audit to this effect. "The Audit Reports for 2010, 2011 and 2012 have specifically analysed and reported on Accounting Deficiencies and Financial Improprieties, Operational Deficiencies, Management Deficiencies, Uneconomic Transactions, Human Resource Management, Accountability and Governance, Systems Controls, Non Compliance with Rules, Regulations and Management Decisions and Transactions of a Contentious Nature.


Source: Sunday Times June 11, 2018 06:33 UTC



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