17. The Auditor of a finance company shall inspect the accounts, the finances, the management of the finances and the property of that finance company. The Auditor shall as far as possible, and where necessary examine-
| (a) whether the conduct of the affairs of the finance company has been in accordance with the law, rules and directions issued by the Board; |
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| (b) whether records relating to the acceptance of deposited and maintaining of accounts are Satisfactory; |
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| (c) whether the accounting systems, procedures, books, records and other documents have been properly and adequately designed from, the point of view of financial control purposes and from the point of view of the presentation of information to enable a continuous evaluation of the activities of the finance company and whether such systems, procedures, books, records and other documents are in effective operation; |
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| (d) whether the accounts audited have been so designed as to present a true and fair view of the affairs of the finance company in respect of the period under consideration due regard being had to principles of accountancy; financing and valuation, |
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Sri Lanka Consolidated Acts