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Section 9

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

Accounts and audit.

(1)

The Council of the Corporation shall cause proper books of accounts to be kept of the income and expenditure of the Corporation.

(2)

The accounts of the Corporation shall be audited by a qualified auditor, at least once in every year.

(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 of Project Managers Sri Lanka

Institute established by law, possesses a certificate to practice as an Accountant issued by the Council of such Institute.