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As enacted
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8. Accounts and audits

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

The financial year of the Corporation shall be the calendar year.

(2)

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

(3)

The Accounts of the Corporation shall be audited once in every year by a qualified auditor appointed by the Corporation and his reports shall be submitted at the

General Meeting.

Karuna Samadhi Organization (Incorporation)

(4)

For the purposes of 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 9