Joseph Davishka

when we’d concede five 1v1’s a game in 21/22 but i knew we had Alisson in net 🕊️

NDB Fraud (2) – EY has issued its audit opinion stating that the financial statements of the Bank and the Group give a true and fair view of the financial position as at 31 December 2025, and of their financial performance and cash flows for the year then ended, in accordance with Sri Lanka Accounting Standards. Normally, the responsibility for the preparation of financial statements lies with management, to present a true and fair view of the Bank and the Group. Auditors are required to obtain reasonable assurance that the financial statements as a whole are free from material misstatement, whether caused by fraud or error. This assurance is not a guarantee, but is achieved by reducing audit risk to an acceptably low level. Generally, materiality is set with reference to the financial statements, such as 0.5–1% of turnover, 5–10% of reported profit, or 1–2% of gross assets. However, judgement is applied by the auditor in charge, depending on the nature of the business and the risks it faces. The Bank has estimated the value of the fraud at approximately LKR 13.2 billion. This is around 13.4% of the Bank’s turnover and more than 100% of reported profits, although lower than typical thresholds based on gross assets. In my view, this is clearly material, and the financial statements do not present a true and fair view of the company. Therefore, management is fully responsible for this event. Further, EY, as auditors, has failed to identify a material misstatement and has issued an opinion without reporting any such issue. An EGM must be called immediately, and the Board of Directors should step down and be reappointed only with shareholder approval. Further, EY should resign from the audit engagement, and shareholders should appoint a new auditor without reappointing the same firm.

i hate when people take my isolation negatively like i'm just chilling fr

pattern recognition will save you every single time.