Grassroots Foundation (Incorporation) Act 2009 · As enacted
9. Accounts and Auditing
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 calendar year.
Grassroots Foundation (Incorporation)
The Corporation shall cause proper accounts to be kept of its income and expenditure, assets and liabilities and all other transactins of the Corporaitn.
The accounts of the Corporatin shall be audited annually by a qualified auditor appointed by the Board of
Management.
In this section “qualified auditor” means—
an individual who, being a member of the Institute of Chartered Accounts of Sri Lanka or of any other
Institute established by law, who possesses a certificate to practise as an Accountant, issued by the Council of such Institute; 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, who possesses a certificate to practise as an Accountant, issued by the Council of such Institute.