18.
| (1) The accounts of the Board for each financial year shall, within two months of the close of that financial year, be submitted to the Auditor-General for audit. 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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| (2) The Auditor-General and any person assisting him in the audit of the accounts of the Board shall have access to ail such books, deeds, contracts, accounts, vouchers and other documents of the Board as the Auditor-General or such other person assisting him in the audit of the accounts may consider necessary for the purposes of the audit, and shall be furnished by the members or officers of the Board with such information within their knowledge as may be required for such purposes. |
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| (3) For the purpose of meeting the expenses incurred by him in auditing the accounts of the Board, the Auditor-General shall De paid from the Fund of the Board such remuneration as the Minister may determine with the concurrence of the Minister of Finance. Any remuneration received from the Board by the Auditor-General shall, after deducting any sums paid by him to any auditor employed by him for the purpose of such audit, be credited to the Consolidated Fund of Ceylon. |
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| (4) For the purpose of ascertaining the correctness of the balance sheet, the auditors may, in their discretion, accept in respect of any branch of the Board, any copies or abstracts from the books and accounts of such branch which have been transmitted to the principal place of business of the Board and which have been certified to be correct by an officer of the Board authorized in that behalf by the Board. |
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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 that Institute, possesses a certificate to practise as an Accountant issued by the Council of that Institute. | | |
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| (6) The Auditor-General shall examine the accounts of the Board and furnish a report
| | (a) stating whether he has or has not obtained all the information and explanations required by him; | | |
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(b) stating whether the 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; and
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(c) drawing attention to any item in the accounts which in his opinion may be of interest to the Senate and the House of Representatives in any examination of the activities and accounts of the Board. | | |
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| (7) The Auditor-General shall transmit his report to the Board within four months of the receipt of the accounts of the Board by him. |
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Sri Lanka Consolidated Acts