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srilawsby aturio
As enacted
EnglishSinhala සිංහල, official PDF on documents.gov.lkTamil தமிழ், official PDF on documents.gov.lk
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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 body corporate shall be the calendar year.

(2)

The body corporate shall cause proper accounts to be kept of its income and expenditure, assets and liabilities and all other transactions of the body corporate.

(3)

The accounts of the body corporate shall be audited annually by the Auditor General or a qualified auditor appointed by the Auditor General in terms of provisions of

Article 154 of the Constitution, and be certified by the

Auditor General or such qualified auditor.

(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