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(1) The accounts of the University shall be annually audited by the Auditor-General. |
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(2) For the purpose of assisting him in the audit of such accounts, the Auditor-General may employ the services of any qualified auditor or auditors who shall act under his direction and control. |
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(3) The Auditor-General and any person assisting him in the audit of the accounts of the University shall have access to all such books, deeds, contracts, accounts, vouchers and other documents of the University as the Auditor-General may consider necessary for the purposes of the audit, and shall be furnished by the Secretary of the University or any other officer of the University with such information within his knowledge as may be required for such purposes.
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(4) For the purpose of meeting the expenses incurred by him in the audit of the accounts of the University, the Auditor-General shall be paid from the University Fund such remuneration as the Minister may determine with the concurrence of the Minister of Finance. Any remuneration received by the Auditor-General under this sub-section shall, after deducting any sums paid by him to any qualified auditor or auditors employed by him for the purposes of such audit, be credited to the Consolidated Fund of Ceylon.
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(5) For the purposes of this section, the expression " qualified auditor " means-
| | (a) an individual who, being a member of the Institute of Chartered Accountants of Ceylon, possesses a
certificate to practise as an Accountant issued by the Council of that Institute; or
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| | (b) a firm of Chartered Accountants each of the partners of which, being a member of the Institute, possesses a certificate to practise as an Accountant issued by the Council of that Institute.
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