📈 Call for Forensic Audit on Royal College SDS Finances

An alumnus has formally requested the Auditor General to initiate a comprehensive investigative forensic audit into the Royal College School Development Society (SDS) activities for the past 10 years, citing severe irregularities in the 2024 financials. • The statutory auditor issued a "disclaimer" audit report for the RC-SDS for the year ended December 31, 2024. • The disclaimer's primary basis is the non-recognition of income from 13 material sources in the books, including major events like the Royal Thomian cricket match, Royal Trinity Bradby shield Rugger match, and RCU swimming pool. • Auditors were also unable to verify event income balances totaling over Rs. 18.06 Mn (including Rs. 15.02 Mn from Clubs/Societies) due to a lack of sufficient audit evidence. • An unauthorised write-off of Rs. 3.3 Mn is deemed minor when compared to the scale of non-accounting of main income sources. • The letter was also copied to the Education Ministry Secretary and suggests the previously missing 2023 report was "fraudulently omitted" due to likely similar adverse findings.