14. In this Act, unless the context otherwise requires- "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 practice as an accountant issued by the Council of such institute ; or |
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(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 practice as an accountant issued by the Council of such institute ; |
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