27.
| (1) The Board shall cause its accounts to be kept in such form and in such manner as the Minister may direct. |
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| (2) The Board shall cause its books to be balanced as on the thirty-first day of December in each year and shall, before the thirtieth day of April of the following year, cause to be prepared a revenue and expenditure account and a balance sheet containing a summary of the assets and liabilities of the Board made up to the first-mentioned date. The revenue and expenditure account and the balance sheet shall be signed by the Chairman and by such officer of the Board as may be authorized by the Board to do so. |
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| (3) The accounts of the Board shall be audited annually by an auditor (hereinafter referred to as " the auditor") appointed by the Minister on the advice of the Auditor-General. The auditor so appointed shall be a member of the Institute of Chartered Accountants of Ceylon. The auditor shall receive such remuneration from the funds of the Board as the Minister may, with the concurrence of the Minister of Finance, determine. |
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| (4) The Auditor-General shall have power-
| | (a) to direct the manner in which the accounts of the Board shall be audited by the auditor and to give the auditor instructions in regard to any matter relating to the performance of his functions as the auditor, and | | |
| | (b) to conduct a supplementary or test audit of the accounts of the Board by such person or persons as the Auditor-General may authorize in that behalf, and for the purposes of such audit, to require information or additional information to be furnished to any person or persons so authorized, on such matters, by such person or persons, and in such form, as the Auditor-General may, by general or special order, direct. | | |
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| (5) The auditor shall examine the accounts of the Board and ascertain the correctness of the balance sheet and furnish a report to the Auditor-General stating-
| | (a) whether he has or has not obtained all the information and explanations required by him, and | | |
| | (b) whether in his opinion the balance sheet and accounts referred to in the report are properly drawn up so as to exhibit a true and fair view of the affairs of the Board. | | |
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| (6) The Auditor-General shall have the right to comment upon or supplement the auditor's report in such manner as the Auditor-General may think fit. |
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| (7) The Auditor-General shall transmit the auditor's report together with his comments upon, or his supplement to, such report to the Board. |
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Sri Lanka Consolidated Acts