Financial records of three SOEs unverifiable: Audit

Privatization and Corporatization Board's Annual Financial Review has revealed that last year's financial records of Regional Airports Company Limited (RACL), Maldives Integrated Tourism Development Corporation (MITDC) and Addu International Airport company were not verifiable according to audits.

As per the report, the three airports were audited by Crowe Maldives. Auditors noted that the biggest challenged faced in auditing the companies was that they had not shared their financial records.