Institute of Chartered Shipbrokers of Sri Lanka (Incorporation) Act 2024 · As enacted
10. 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 body corporate shall be the calendar year.
The body corporate shall cause proper accounts to be kept of its income and expenditure, assets and liabilities and all other transactions of the body corporate.
The accounts of the body corporate shall be audited annually by a qualified auditor and be certified by such qualified auditor.
For the purposes of 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 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, possesses a certificate to practice as an Accountant, issued by the Council of such Institute.