Nimal Siripala de Silva Foundation (Incorporation) Act 2014 · As enacted
10. Audit and 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 Corporation shall be the calendar year.
The Corporation shall cause proper accounts to be kept of its income and expenditure, assets and liabilities and all other transactions of the Corporation.
The accounts of the Corporation shall be audited annually by the Auditor General or a qualified auditor appointed by Auditor General.
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 practice as an
Accountant, issued by the Council of such institute; or
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.