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srilawsby aturio
As enacted
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Part IV · Finance

22. Financial year and audit of accounts

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

(1)

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

(2)

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

(3)

For the purpose of presenting a true and fair view of the financial performance and financial condition of the

Authority, the Authority shall prepare the accounts in accordance with the Sri Lanka Accounting Standards adopted by the Institute of Chartered Accountants of Sri

Lanka under the Sri Lanka Accounting and Auditing

Standards Act, No. 15 of 1995.

(4)

The provisions of Article 154 of the Constitution relating to the audit of accounts of public corporations shall apply to the audit of the accounts of the Authority.

Read on from s 23

Part V

General

Read on from Part V