Institute of Real Estate Professionals, Sri Lanka Act 2026 · As enacted
25. Audit of accounts
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 Institute shall be the calendar year.
The Institute shall cause proper books of accounts to be kept of its income and expenditure, assets and liabilities and all other transactions of the Institute.
The accounts of the Institute 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 practise as an Accountant issued by the Council of such
Institute; or
a firm of Accountant, 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 practise as an Accountant issued by the Council of such Institute.