20.
| (1) The Authority shall cause proper accounts to be kept of its assets and liabilities, income and expenditure and all other transactions of the Authority. |
|
| (2) The provisions of Article 154 of the Constitution shall apply to the audit of the accounts of the Authority. |
|
| (3)
| | (a) The Authority shall on receipt of the Auditor- General's report in respect of any year, cause the report of the Director-General on the administration of the affairs of the Authority which shall contain a detailed report of the steps taken for the furtherance of the objectives of the Act, to be transmitted to the Minister along with the following documents :-
| | | (i) the Auditor-Generals' report for the relevant year; |
| (ii) the Balance Sheet for the relevant year ; and |
| (iii) the Profit and Loss Account for the relevant year. |
|
| | (b) The Minister shall cause copies of the report and documents transmitted to him under paragraph (a) to be laid before Parliament. | | |
|
|
| (4) The financial year of the Authority shall be the calender year. |
|
| (5) The Authority shall have the power, where the Auditor General considers it to be necessary, to engage the services of qualified auditors to assist in the preparation of the reports and accounts required by this section, who shall act under the direction and control of the Auditor-General. |
|
|
Sri Lanka Consolidated Acts