58.
| (1) The auditors shall examine the accounts of the Corporation and ascertain the correctness of the balance sheet and statement of accounts and report to the shareholders-
| | (a) whether or not they have obtained all the information and explanations they have required; and | | |
| | (b) whether in their opinion the balance sheet and statement of accounts referred to in the report is properly drawn up so as to exhibit a true and correct view of the Corporation's affairs according to the best of their information and the explanations given to them and as shown by the books of the Corporation. | | |
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| (2) For the purpose of ascertaining the correctness of the balance sheet and statement of accounts the auditors may, with the sanction of the board and the Minister, accept, in respect of any branch of the Corporation, any copies or abstracts from the books of such branch which have been transmitted to the head office of the Corporation and which have been certified to be correct by an officer of the Corporation authorized in that behalf by the board. |
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Sri Lanka Consolidated Acts