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Auditor General gets letter on audited financials of Royal College SDS for 2024
Daily FT
|October 28, 2025
Following is a letter sent by an alumnus Padmasena Dissanayake (RC 67/74) to the Auditor General on the Audited Financials of Royal College - School Development Society (SDS) for 2024. The letter has been copied to the Education Ministry Secretary as well.
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Unauthorised write off of Rs. 3.3 million is a "drop in the ocean" when compared to the non-accounting of so many main income sources commented by the auditors
THE undersigned, Padmasena Dissanayake is an alumnus of Royal College (1967-1974) who is keeping a close tab on some of the irregularities and malpractices of the school (some of them appear to be fraudulent), with a view of rectifying such anomalies.
I refer to my previous letter addressed to you dated 9th September 2024, in which I pointed out major weaknesses in control systems, but did not notice that the Executive Committee of the SDS had failed to publish the “Audit Report” on the said financial statements in the website. On review of the latest uploaded audited financials for the year ended 31st December 2024, I noted a “disclaimer” audit report issued by the Auditor M/s. BR De Silva & Company (Chartered Accountants).
This story is from the October 28, 2025 edition of Daily FT.
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