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2026-05-15

News Categories : Committee News 

COPE Conducts a Workshop for Internal Audit Officers and Chief Financial Officers of State-Owned Enterprises (SOEs)

  • A strong internal audit process is essential for the wellbeing of State-Owned Enterprises – COPE Chairman Dr. Nishantha Samaraweera emphasizes while addressing Chief Financial Officers and Internal Audit Officers of SOEs


Chairman of the Committee on Public Enterprises (COPE), Dr. Nishantha Samaraweera, recently emphasized that a strong internal audit mechanism is essential for the wellbeing of State-Owned Enterprises (SOEs), while addressing Chief Financial Officers and Internal Audit Officers of SOEs.

He made these remarks while addressing a workshop organized by the COPE, with the sponsorship of the United Nations Development Programme (UNDP), at the Monarch Imperial Hotel premises in Sri Jayawardenepura Kotte, aimed at strengthening internal auditing and financial oversight within SOEs.

Addressing the gathering, the COPE Chairman pointed out that active intervention is required to eliminate the existing disorganized conditions within the state enterprise sector, and stressed that officials accountable to the State are expected to demonstrate a high level of performance. He further noted that a successful workshop had previously been conducted for heads of all SOEs, and that this programme for Internal Audit Officers and Chief Financial Officers had been organized with the objective of strengthening financial discipline and internal audit processes across all institutions.

The Chairman also stated that since there are 457 State - Owned Enterprises, it is practically difficult to summon all institutions before the COPE. Therefore, he said that efforts are being made to introduce a digital mechanism to monitor and evaluate the performance of those institutions.

Auditor General Ms. Samudika Jayaratne delivered a lecture on “The State Auditor and Public Institutions: Roles, Responsibilities and Collaborations.” She pointed out that public funds belong to the people and therefore must be managed properly for the benefit of the public. She further emphasized the importance of maintaining proper financial discipline and internal auditing systems while extending support to the state audit process.

In addition, Director General of the Department of Management Audit, Mr. A.P. Kurumbalapitiya, delivered a lecture on “The Role of Internal Audit Unit in Ensuring Public Accountability,” while former Auditor General and Advisor to the COPE and COPA Committees, Mr. Sarath Mayadunne, delivered a lecture on “The Role of State-Owned Enterprises within the Public Accountability Structure in Sri Lanka.”

Participants were also given the opportunity to raise questions related to the subject area. Discussions included the need to make the position of Internal Auditor more independent by having it report to the Ministry Secretary rather than placing it under the head of the respective institution.

M. Jayalath Perera, the Director Legislative Services of Parliament, Internal Audit Officers and Heads of Finance Divisions from nearly 300 State-Owned Enterprises participated in the workshop.



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