22. Section 39 of the principal amended as follows:-
| (1) in subsection (1) of that section, by the substitution enactment for the words " appoint annually a qualified auditor to audit", of the words " appoint annually from and out of the list issued by the Director of Bank Supervision under section 38A, a qualified auditor to audit"; and |
|
| (2) by the insertion immediately after subsection (3) of that section, of the following new subsection:-
| | " (3A) Notwithstanding the provisions of subsection (3), the Director of Bank Supervision may, on receipt of the report referred to in that subsection, call upon the auditors to-
| | | (a) submit such additional information to relation to the audit, as the Monetary Board considers necessary; |
| (b) enlarge or extend the scope of the audit of the business and affairs of the bank; |
| (c) carry out such other examination required by him or recommend to the licensed commercial bank any procedure in respect of a particular matter; and |
| (d) submit a report on any of the matters referred to in paragraphs (b) and (c), |
|
|
|
|
Sri Lanka Consolidated Acts