Community Recovery and Development Foundation (Incorporation) Act 2007 · As enacted
9. Audit and Accounts
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
The financial year of the Corporation shall be the year begining on the first day of April to 31st March every year and ending on the thirty first day of March of such year ;
The Corporation shall cause proper accounts to be kept of its income and expenditure, assets and liabilities and all other transactions of the Corporation ;
The accounts of the Corporation shall be audited by a qualified auditor appointed by the Executive Committee of the Corporation.
In this section, “qualified auditor” means —
a person who being the member of the Institute of
Chartered Accountants of Sri Lanka, or any other
Institute established by law, possesses a certificate issued by the Council of such Institute to practice as an Accountant ; or
a firm of Accountants each of the resident partners of which, being a member of the Institute of Chartered
Accountants of Sri Lanka, or of any other Institute established by law, possesses a certificate issued by the Council of such Institute to practice as an
Accountant .