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srilawsby aturio
As enacted
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Part III · Finance

22. Audit of accounts

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

(1)

The Institute shall cause proper accounts to be kept of its income and expenditure, assets and liabilities and all other transactions of the Institute.

(2)

The accounts of the Institute shall be audited annually by a qualified auditor appointed by the Institute.

(3)

In this section “qualified auditor” means—

(a)

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 Council of such Institute; or

(b)

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.

Read on from s 23