27.
| (1) The Auditor-General shall audit the accounts of the Commission at such intervals not exceeding a period of twelve months as the Commission may decide. |
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| (2) Notwithstanding the provisions of subsection (1), the Minister may, with the concurrence of the Minister in charge of the subject of Finance, and in consultation with the Auditor-General, appoint a qualified auditor or auditors to audit the accounts of the Commission. Where such appointment has been made by the Minister, the Auditor General may, in writing, inform such auditor or auditors that he pro poses to utilize his or their services for the performance and discharge of the Auditor-General's duties and functions in relation to the Commission 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 pro- visions of subsection (2) shall submit his report to the Minister and also submit a copy thereof to the Auditor- General. |
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| (4) The Auditor-General shall examine the accounts of the Commission and ascertain the correctness of the balance sheet and report to the Commission-
| | (a) whether or not he has obtained all the information and explanations required by him; 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 Commission's affairs according to the best of his information and explanations given to him and as shown by the books of the Commission. | | |
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| (5) 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 issued by the Council of such Institute ; 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