Central Bank of Sri Lanka Act 2023 · As enacted · Part XVII · Internal and External Audits
102. Appointment of Chief Internal Auditor
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
A Chief Internal Auditor of the Central Bank
(in this Act referred to as the “Chief Internal Auditor”) shall be appointed by the Governing Board.
The Chief Internal Auditor shall be a person with substantive professional qualifications and experience in the field of Accounting or Audit.
The Chief Internal Auditor shall be appointed for a term of five years and shall be eligible for reappointment for such period as may be determined by the Governing Board:
Provided however, no person shall serve as the Chief
Internal Auditor for more than ten years.
The Chief Internal Auditor shall be removed by a decision of the Governing Board if the Governing Board is satisfied that such Chief Internal Auditor is subject to any disqualification referred to in paragraphs (a) to (m), except paragraph (i) of subsection (2) of section 17.
The Governing Board shall define the scope, terms and conditions of the Internal Audit in the Audit Charter of the Central Bank in line with international professional practices framework.
The Chief Internal Auditor or an officer of the Internal
Audit Department authorized in that regard shall, in the exercise, performance and discharge of his powers, duties and functions under this Act or as may be specifically directed by the Governing Board, be entitled to have access to, take into custody or obtain copies of any document, information or record of any activity or transaction undertaken by the Central Bank including any document, information or record provided to or obtained by the Central
Bank from any external party or entity, and unless otherwise decided by the Governing Board, it shall be the duty of all officers and employees of the Central Bank to comply with the requirements communicated by the Chief Internal
Auditor or a person authorized in that behalf.
The internal audit reports of the Central Bank shall not be shared with any person other than the Auditor-General or a person authorized by the Governing Board.
Part XVIII
General Provisions
Part XIX