Main opposition party of Sri Lanka calls for audit reports of the retirement fund

Jan 09, Colombo: Sri Lanka’s main opposition United National Party (UNP) has called on the government to submit the audit reports of the Employees’ Provident Fund (EPF) to parliament.

UNP parliamentarian and Economist Dr. Harsha de Silva said in a statement that the audited reports of the EPF for 2010 have not been submitted to parliament.

He notes that the Fund was legally bound to submit its annual audit reports to the legislature.

Dr. de Silva says the EPF audit report had to be presented to the House before the government presents the amendments to the EPF Act in parliament on the 17th.

According to the MP, the government has to submit the audit reports within three months after the conclusion of each financial year, but the 2010 report of the EPF has not yet been tabled in parliament.

Dr. de Silva further notes that the failure to present the EPF audit reports indicated the government’s failure to uphold good governance.

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