29.
| (1) The Board shall cause proper accounts of the income and expenditure of the Board and of all its other transactions to be kept and shall prepare an annual statement of accounts and statistics relating to the business of the Board in such form and containing such particulars as the Minister with the concurrence of the Minister of Finance may from time to time specify. |
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| (2) The accounts of the Board shall be audited annually by a qualified auditor (hereinafter referred to as " the auditor ") appointed by the Minister on the advice of the Auditor-General. The auditor so appointed shall be-
The auditor shall receive such remuneration from the funds of the Board as the Minister may, with the concurrence of the Minister of Finance, determine. | | (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 | | |
| | (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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| (3) The Auditor-General shall have power-
| | (a) to direct the manner in which the accounts of the Board shall be audited by the auditor and to give the auditor instructions in regard to any matter relating to the performance of his functions as auditor, and | | |
| | (b) to conduct a supplementary or test audit of the accounts of the Board by such person or persons as the Auditor-General may authorize in that behalf and, for the purposes of such audit, to require information or additional information to be furnished to any person or persons so authorized on such matters, by such person or persons, and in such form, as the Auditor-General may, by general or special order, direct. | | |
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| (4) The auditor shall examine the accounts of the Board and furnish a report stating-
| | (a) whether he has or has not obtained all the information and explanations required by him, and | | |
| | (b) whether in his opinion the accounts have been drawn up so as to exhibit a true and fair view of the affairs of the Board. | | |
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| (5) The auditor shall submit a copy of his audit report to the Auditor-General who shall have the right to comment upon, or supplement, the auditor's report in such manner as the Auditor-General may think fit. |
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| (6) The Auditor-General shall transmit the auditor's report together with his comments upon, or his supplement to, such report to the Board. |
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Sri Lanka Consolidated Acts