The master spinner took his total to 533 as he moved ahead of Walsh's 519 wickets.
The Australian leg spinner was reported by umpires Aleem Dar and Billy Bowden after showing dissent over an appeal against them.
Top teams need to find young players to replace their retiring big names, says ICC chief Malcolm Speed.
Shane Warne is in doubt for Australia's second Test against West Indies because of back pain
A summary of the eight rounds in the IPL Players' Auction, held in Mumbai on Wednesday.
Australia beat England by 10 wickets to win the fifth Test and complete their first Ashes series whitewash in 86 years.
The playing future of Australian opener Justin Langer is attracting fresh speculation after his father hinted his son may be close to retirement.
The 31-year-old pacer has been a model of consistency in his first Ashes series, taking 21 wickets to equal Shane Warne.
Pakistan captain Inzamam-ul-Haq believes Australia will be a much weaker team when Shane Warne and Glenn McGrath retire next year.
Australia stormed to an innings and 99 runs victory, wrapping up a fourth straight win in the series with more than two days remaining.
The leg-spinner never imagined his farewell to be so successful after he captured five wickets and became the first player to claim 700 Test scalps.
The Sri Lankan off spinner plans to cut down on ODIs after the World Cup to scale that Test landmark.
The ace leg spinner claimed 5-39 as England collapsed to 159 all out on the first day of the fourth Test.
He became the first bowler in the world to claim 700 Test wickets, when he bowled England opener Andrew Strauss for 50.
Sri Lanka's Galle Cricket Club could sue Shane Warne for not honouring a pledge to reconstruct the tsunami-hit ground.
The Australian fast bowler said he would end his Test career in next month's final Ashes Test against England in Sydney.
"Our execution has been fantastic so far, and we want to keep that going and win the series 5-0," Warne said in his column in the Sydney Telegraph.
England lost the match by 206 runs to give Australia an unbeatable 3-0 lead in the five-match series on Monday.
Australia won back the Ashes when they bowled out England for 350 to seal a 206-run victory in the third Test on Monday.
The Australia leg-spinner will be centre stage once again in the third Test after his match-winning performance in Adelaide last week.