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srilawsby aturio
As enacted
Contents

Part VI · Finance

28. Financial year and audit of accounts

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

The financial year of the Council shall be the calendar year.

(2)

The Council shall cause proper books of accounts to be kept of the income and expenditure assets and liabilities and all other financial transactions of the Council.

(3)

For the purpose of presenting a true and fair view of the financial performance and financial condition of the

Engineering Council, Sri Lanka

Council, the Council shall prepare the accounts in accordance with the Sri Lanka Accounting Standards adopted by the Institute of Chartered Accountants of Sri

Lanka under the Sri Lanka Accounting and Auditing

Standards Act, No. 15 of 1995.

(4)

The provisions of Article 154 of the Constitution relating to the audit of accounts of public corporations shall apply to the audit of the accounts of the Council.

Read on from s 29

Part VII

General

Read on from Part VII

Schedules