Sri Lanka Consolidated Acts

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Conversion Of Government Owned Business Undertakings Into Public Corporations Act (No. 22 of 1987) - Sect 12

Financial year and the audit of the Corporation

12.
(1) The financial year of the Corporation shall be the calendar year.
(2) The Corporation shall cause proper books of accounts to be kept of the income and expenditure, assets and liabilities and all other transactions of the Corporation.
(3) The provisions of Article 154 of the Constitution relating to the audit of the accounts of public corporations shall apply to the audit of the accounts of the Corporation.

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