Public Utilities Commission of Sri Lanka Act 2002 · As enacted · Part VIII · Finance
34. 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 Commission shall be the calendar year.
The Commission shall cause proper books of accounts to be kept of the income and expenditure, assets and liabilities and all other transactions of the Commission. Separate accounts shall be maintained in respect of loans received.
The Auditor-General shall audit the accounts of the
Commission.
The Auditor-General and any person assisting him or her in the audit of the accounts of the Commission, shall have access to all such books, deeds, contracts, accounts, vouchers and documents as the Auditor General may consider necessary for the purposes of such audit, and shall be furnished by the
Commission or its officers with such information within their knowledge as may be required for such purposes.
The Auditor-General shall examine the accounts of the Commission and furnish a report—
stating whether he or she has or has not obtained all the information and explanations required by him or her ;
Public Utilities Commission of Sri Lanka
stating whether the accounts referred to in the report are properly drawn up so as to exhibit a true and fair view of the affairs of the Commission ; and
drawing attention to any item in the accounts which in his or her opinion may be of interest to Parliament in any examination of the activities and accounts of the Commission.
The Auditor-General shall transmit the report and statement prepared by him under subsection (5), to the
Commission.
For the purpose of meeting the expenses incurred by him or her in the audit of the accounts of the Commission, the Auditor-General shall be paid out of the Fund of the
Commission, such remuneration as the Commission may determine. Any remuneration received by the Auditor-General under this subsection shall, after deduction therefrom of any sums paid by him or her to any qualified auditor or auditors employed by him or her for the purposes of such audit, be credited to the Consolidated Fund.
Part IX