The Central Bank of Sri Lanka has opened an expression of interest (EOI) process to review and select a panel of external auditors for finance companies (FCs) licensed by the central bank, covering audits commencing from 1 January 2027. Eligible audit firms must meet minimum requirements including at least 10 years of continuous practising licence with the Institute of Chartered Accountants of Sri Lanka, a minimum of five full-time partners, specified professional and overall staff thresholds, compliance with Sri Lanka Standards on Quality Management 1 and 2, capability to perform safety and soundness audits incorporating regulatory and technology-related risks, and use of computer-aided audit techniques. EOIs will be assessed based on factors such as firm experience, partner and staff qualifications and experience, and technical competencies, with the Governing Board as final decision-maker. Completed EOIs must be submitted by 4.00 p.m. Sri Lanka time on or before 6 March 2026, using the format made available via the Central Bank of Sri Lanka website.
Central Bank of Sri Lanka 2026-02-15
Central Bank of Sri Lanka calls for expressions of interest to refresh external auditor panel for licensed finance companies for audits starting in 2027
The Central Bank of Sri Lanka has initiated an expression of interest process to select external auditors for finance companies licensed by the bank, with audits starting from 1 January 2027. Eligible firms must meet specific criteria, including a decade of practice, compliance with quality management standards, and the ability to conduct comprehensive audits, with submissions due by 6 March 2026.