18.
| (1) The Auditor-General shall audit the accounts of the Bank at such intervals not exceeding a period of twelve months as the Board may determine. |
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| (2) The Auditor-General may appoint a qualified auditor or auditors to audit the accounts of the Bank and shall inform such auditor or auditors that he proposes to utilize his or their services for the performance and discharge of the Auditor-General's duties and functions in relation to the Bank and thereupon such auditor or auditors shall act under the direction and control of the Auditor-General. |
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| (3) Every qualified auditor appointed under the provisions of subsection (2) shall submit a report to the Auditor- General. |
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| (4) The auditor shall examine the accounts of the Bank and ascertain the correctness of the balance sheet and any other accounts and report to the Board
| | (a) whether or not he has obtained all the information and explanations he has required ; and | | |
| | (b) whether in his opinion the balance sheet referred to in the report is properly drawn up so as to exhibit a true and correct view of the Bank's affairs according to the best of his information and explanations given to him as and shown by the books of the Bank. | | |
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| (5) For the purpose of ascertaining the correctness of the balance sheet and any other account the Auditor-General may, with the sanction of the Board accept in respect of any branch of the Bank, any copies or abstracts from the books of accounts of such branch which have been transmitted to the head office of the Bank and which have been certified to be correct by the officer of the Bank authorized in that behalf by the Board. |
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| (6) In this section "qualified auditor" means
| | (a) an individual who being a member of the Institute of Chartered Accountants of Sri Lanka or of any other institute established by Law, possesses a certificate to practise as an accountant: or | | |
| | (b) a firm of accountants, each of the resident partners of which being a member of the Institute of Chartered Accountants of Sri Lanka or of any other institute established by law, possesses a certificate to practise as an accountant issued by the Council of such institute. | | |
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Sri Lanka Consolidated Acts