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As enacted
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10. Accounts and auditing

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 its income and expenditure, assets and liabilities and all other transactions of the Corporation.

(3)

The accounts of the Corporation shall be audited annually by the Auditor General or a qualiafied auditor appointed by Auditor General in terms of Article 154 of the

Constitution.

(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 practise 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 practise as an Accountant issued by the Council of such Institute.

Read on from s 11