Dr. Malani Fonseka Foundation Act 2012 · As enacted
8. Accounts and Auditing
Official English translation. The Sinhala text prevails.
Official translationFrom Department of Government Printing, unchanged
The financial year of the Corporation shall be the calendar 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 annually by a qualiafied auditor appointed by the Executive
Committee.
In this section, “qualified auditor” means—
an individual who, being a member of the
Institute of Chartered Accountants of Sri Lanka, or of any other institute established by law, possesses a certificate to practice as an
Accountant, issued by the councile of such
Institute; or
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(Dr.) Malani Fonseka Foundation (Incorporation)
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 to practice as an Accountant, issued by the council of such Institute.