Audit & Assurance Services in Sri Lanka
Audit & Assurance Services in Sri Lanka
Building Trust and Transparency in Sri Lankan Business
In today’s dynamic business climate, independent assurance remains a cornerstone of confidence for stakeholders in Sri Lanka. With heightened regulatory requirements from the Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAASMB), the Inland Revenue Department (IRD), and sector-specific regulators, robust audit and assurance services have never been more critical.
As a Chartered Accountancy firm registered with the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), DXP Associates upholds the highest standards of integrity and professional competence. Our highly qualified professionals deliver timely and efficient audit services, tailored to minimize disruption while meeting your unique organizational needs. We go beyond the scope of traditional compliance, focusing on providing actionable insights that add strategic value and elevate the credibility of your financial statements for investors, regulators, lenders, and management. Partnering with us ensures you receive an audit grounded in ethical excellence and deep regulatory expertise.
Our Comprehensive Audit & Assurance Offerings
Statutory & Financial Audits
Audit of financial statements in compliance with Sri Lanka Accounting Standards (SLFRS) and Companies Act, No. 7 of 2007. Timely and well-documented audit reports for submission to regulatory authorities and shareholders.
Reviews & Compilations
Limited assurance reviews tailored for SMEs or entities not legally required to undergo a full statutory audit. Professional compilation services to prepare financial information for management and third parties.
Agreed-Upon Procedures Engagements
Customized verification and reporting on specified financial or operational areas—ideal for regulatory filings, internal policies, or foreign investor requirements.
Special Purpose Audits
Focused audits to address unique compliance needs, such as grant funding, donor agency reporting, or sector-specific requirements (e.g., NGOs, BOI-approved entities).
Regulatory Compliance Audits
Assurance engagements to ensure adherence with local tax laws, Central Bank regulations, industry-specific statutes, and AML/CFT legislation. Preparation for SLAASMB and IRD inspections, reducing compliance risks.
Risk Assurance & Controls Review
Evaluation of internal controls, governance, and risk management processes, with recommendations to strengthen business resilience. Risk-based audit approaches aligned with the latest threats and Sri Lankan regulatory focus areas.
Internal Audit Services
Outsourced or co-sourced internal audits to improve operational efficiency and reduce process risks. Review of policies, procedures, and compliance with company policy and prevailing laws.
Financial Forecast and Prospective Reviews
Assurance over budgets, cash flows, and business forecasts—critical for securing loans, attracting investors, or strategic planning. Assessment of reasonableness and consistency of assumptions in line with Sri Lankan market conditions.
Financial Due Diligence & Transaction Advisory
We deliver focused due-diligence and advisory support for mergers, acquisitions, joint ventures and strategic investments. Our services span financial statement reviews, tax and liability assessments, purchase-price structuring and post-transaction integration, all in line with Sri Lankan regulations and accounting standards.
Why Choose DXP Associates for Audit & Assurance in Sri Lanka?
Thorough Knowledge of Local Compliance
We stay current with Sri Lankan Auditing Standards, SLAASMB guidelines, and evolving regulatory frameworks.
Client-Focused Approach
Each audit is tailored to your risk profile, industry, and business priorities.
Quality & Integrity
Our commitment to local and international best practices brings clear, credible results.
Value-Add Insights
We go beyond the numbers, offering actionable recommendations to enhance your internal controls and business value.
Build Credibility with Trusted Audit & Assurance
Contact us for a consultation and discover how our audit solutions foster confidence among your stakeholders and drive business excellence.