27.
| (1) The accounts of the Corporation for each financial year shall be submitted to the Auditor-General for audit within four months of the close of the financial year. For the purpose of assisting him in the audit of such accounts, the Auditor-General may employ the services of any qualified auditor or auditors who shall act under his direction and control. |
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| (2) For the purpose of meeting the expenses incurred by him in the audit of the accounts of the Corporation, the Auditor-General shall be paid by the Corporation such remuneration as the Minister may, with the concurrence of the Minister of Finance, determine. Any remuneration received from the Corporation by the Auditor-General shall, after deducting any sums paid by him to any qualified auditor or auditors employed by him for the purposes of such audit, be credited to the Consolidated Fund of Ceylon. |
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| (3) The Auditor-General and any person assisting the Auditor-General in the audit of the accounts of the Corporation shall have access to all such books, deeds, contracts, accounts, vouchers and other documents of the Corporation as the Auditor-General may consider necessary for the purposes of the audit, and shall be furnished by the Board of Directors and officers of the Corporation with such information within their knowledge as may be required for such purposes. |
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| (4) The Auditor-Genera] shall examine the accounts of the Corporation and furnish a report -
| | (a) stating whether he has or has not obtained 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 Corporation; and | | |
| | (c) drawing attention to any item in the accounts which in his opinion may be of interest to the Senate and the House of Representatives in any examination of the activities and accounts of the Corporation. | | |
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| (5) The Auditor-General shall transmit his report to the Board of Directors within four months of the receipt of the accounts of the Corporation. |
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| (6) For the purposes of this section, the expression " qualified audito" 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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| (7) The Board of Directors shall, on receipt of the Auditor-General's report in respect of any year, cause a copy of each of the following documents relating to that year to be transmitted to the Minister:
| | (a) the Auditor-General's report; | | |
| | | (c) the operating and profit and loss accounts; | | |
| | (d) the statement of accounts and statistics prepared under section 26; and | | |
| | (e) the report of the Chairman of such Board giving an account of the work of the Corporation. | | |
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| (8) The Minister shall lay copies of the documents transmitted to him under sub-section (7) before the Senate and the House of Representatives before the end of the year next following the year to which such report and accounts relate. |
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Sri Lanka Consolidated Acts