13.
| (1) The Foundation shall cause its accounts to be kept in such form and in such manner as the Minister may direct. |
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| (2) The Foundation shall cause its books to be balanced as on the thirty-first day of December in each year and shall, before the thirty-first day of Marl next, cause to be prepared an income and expenditure account and a balance sheet containing a summary of the assets and liabilities of the Foundation made up to the first-mentioned date. The income and expenditure account and the balance sheet shall be signed by the Chairman of the Foundation. and by such officer of the Foundation as may be authorized by the Foundation to do so. |
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| (3) The Foundation shall have its accounts audited each year by the Auditor General. For the purpose of assisting him in the audit of accounts the Auditor-General may employ the services of any qualified auditor who shall act under his direction and control. |
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| (4) For the purpose of meeting the expenses incurred by him in auditing the accounts of the Foundation the Auditor-General shall he paid from the funds of the Foundation such remuneration as the Minister may determine with the concurrence of the Minister in charge of the subject of Finance. Any remuneration received from the Foundation by the Auditor-General shall. after deduction of any sums paid by him to any qualified auditor employed by him for the purpose of such audit, he credited to the Consolidated Fund. |
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| (5) For the purposes of this section, the expression " qualified auditor" means-
| | (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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| (6) The Auditor-General and any person assisting him in the audit of the accounts of the Foundation shall have access to all such books, deeds, contracts, accounts. vouchers and other documents of the Foundation as the Auditor-General may consider necessary for the purposes of the audit, and shall be furnished by the members or officer's of the Foundation with such information within their knowledge as may be required for such purposes. |
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| (7) The Auditor-General shall examine the accounts of the Foundation and furnish a report-
| | (a) stating whether be has or has not all the information and explanations required by him; | | |
| | (b) stating whether the accounts referred to in the report are properly drawn up so as to exhibit a true and fair view of the affairs of the Foundation and | | |
| | (c) drawing attention to any item in the accounts which in his opinion may be of interest to the National state Assembly in any examination of the activities and accounts of the Foundation. | | |
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| (8) The Auditor General shall transmit his report to the Foundation. |
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Sri Lanka Consolidated Acts