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As enacted

10. Account and Audit

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

(1)

The Corporation shall maintain proper accounts of its income and expenditure, assets and liabilities and all other transaction of the Corporation.

(2)

The accounts of the Corporation shall be audited at least once a year, by a qualified auditor appointed by the

Corporation.

(3)

For the purpose of the section “qualified auditor” shall means—

(i)

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

(ii)

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.

Sri Kalyanodaya Society-Kandy