9. Section 16 of the principal enactment is hereby amended as follows :
| (1) in subsection (1) of that section, by the substitution, for the words " by two qualified auditors ", of the words " by a qualified auditor " ; |
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| (2) in subsection (2) of that section, by the substitution, for the words "the auditors of the Corporation.", of the words " the auditor of the Corporation." ; |
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| (3) in subsection (3) of that section, by the substitution, for the words "Each auditor of the Corporation" of the words " The auditor of the Corporation "; |
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| (4) in subsection (4) of that section, by the substitution, for the words "Each auditor of the Corporation", of the words " The auditor of the Corporation " ; |
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| (5) in subsection (5) of that section, by the substitution
| | (a) for the words " Each Auditor of the Corporation", "of the words "The auditor of the Corporation "; and | | |
| | (b) for the words "a true and correct view", of the words " a true and fair view "; | | |
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| (6) in subsection (6) of that section, by the substitution, for the words " the report of each auditor " of the words " the report of the auditor "; |
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| (7) in subsection (7) of that section, by the substitution, for the words " each auditor of the Corporation", of the words " the auditor of the Corporation "; and |
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| (8) by the addition, at the end of that section of the following subsection:
| | (8) In this section, " qualified auditor " means
| | | (a) an individual who being a member of the Institute of Chartered Accountants of Sri Lanka or any other institute established by law, possesses a certificate to practice as an accountant issued by the Council of such Institute ; or |
| (b) a firm of accountants, each of the resident partners of which, being a member of the Institute of Chartered Accountant of Sri Lanka or any other Institute established by law, possesses a certificate to practice as an accountant issued by the Council of such Institute. |
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Sri Lanka Consolidated Acts