Pahalagama Sri Somarathana Nayaka Thero Foundation (Incorporation) Act 2011 · As enacted
10. Accounts and Audit
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 all moneys received and expended by the
Corporation.
The Accounts of the Corporation shall be examined and audited at least once in every year and the correctness of income and expenditure account and the balance sheet certified by a qualified auditor appointed by the Committee of Management.
In 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.
Pahalagama Sri Somarathana Nayaka Thero