15.
| (1) The members of the College shall, at the Ordinary General Meeting of such members held each year, elect one or more qualified auditors. An auditor so elected shall hold office until the next Ordinary General Meeting, but shall be eligible for re-election. |
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| (2) A person shall be disqualified for being elected or continuing as an auditor-
| | (a) if he is a member of the Council of Management, or | | |
| | (b) if he is an officer of the College, or (c) if he is interested in any transaction of the College otherwise than as a member thereof, or | | |
| | (c) if he has any such financial interest as is likely to affect prejudicially the discharge by him of his functions as an auditor. | | |
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| (3) In the event of an auditor vacating office before the Ordinary General Meeting the Council of Management shall appoint as auditor in his place a duly qualified person and the person so appointed shall hold office until the next Ordinary General Meeting. |
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| (4) The Council of Management shall, at least three months before the Ordinary General Meeting, deliver to the auditor or auditors the accounts of the College together with the vouchers relating to such accounts and the balance sheet of the preceding year. The auditor or auditors after examining the documents so delivered shall, within two months, make a report on such documents. |
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| (5) The auditor or auditors shall have access at reasonable times to the books of accounts and all relevant documents of the College and shall be entitled to receive such explanation, information and assistance as may be required from the members of the Council of Management and the Officers of the College. |
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| (6) The auditor or auditors shall be paid such remuneration as may be determined by the members of the College at an Ordinary General Meeting. The remuneration so determined shall be paid out of the moneys set apart for use for the general purposes of the College. |
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Sri Lanka Consolidated Acts