Sri Lanka Consolidated Acts

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Ambalangoda Deshapremi Sanvidhanaya (Incorporation) Act (No. 47 of 1992) - Sect 7

Accounts of the Corporation

7.
(1) The Committee of Management of the Corporation shall cause proper books of account to be kept of the income and expenditure of the Corporation.
(2) The accounts of the Corporation shall be audited by a qualified auditor appointed by the Committee of Management of the Corporation.
(3) In 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 practice as an Accountant issued by the Council of such Institute.


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