106. The principal Act is hereby amended as follows: -
| (1) in section 22 thereof by the substitution, for sub-sections (1) and (2) of that section, of the following new sub-sections: -
| | ' (1) The accounts of the Board shall be audited annually by a qualified auditor (hereinafter referred to as " the auditor") appointed by the Minister on the advice of the Auditor-General. The auditor shall receive such remuneration from the Fund of the Board as the Minister may determine with the concurrence of the Minister of Finance. | | |
| | (2) The Auditor-General shall have the power-
| | | (a) to direct the manner in which the Board's accounts shall be audited by the auditor and to give the auditor instructions in regard to any matter relating to the performance of his functions as the auditor; |
| (b) to conduct a supplementary or additional audit of the Board's accounts by such person or persons as the Auditor-General may authorize in that behalf, and for the purpose of such audit, to require information or additional information to be furnished to any person so authorized, on such matters, by such person or persons, and in such form, as the Auditor-General may, by special order, direct.'; |
|
|
|
| (2) by the repeal of section 23 of that Act and the substitution therefor of the following new section:- "
| | 23.
| | | (1) The auditor shall examine the accounts of the Board and furnish a report stating-
|
| (2) The auditor shall submit a copy of his audit report to the Auditor-General who shall have the right to comment upon, or supplement, the auditor's report in such manner as the Auditor-General may think fit. |
| (3) The Auditor-General shall transmit the audit report, together with his comments upon, or supplement to, such report to the Board. "; |
|
|
|
| (3) by the insertion, immediately after section 23, of the following new section which shall have effect as section 23A, of that Act: -
| | 23A. The Auditor-General and the auditor shall have access to all such books, deeds, contracts, accounts, vouchers and other documents of the Board as the Auditor-General may consider necessary for the purpose of the audit and shall be furnished by the members or officers of the Board with such information within their knowledge as may be required for such purpose. "; | | |
|
|
| (4) in section 24 of that Act by the substitution, for the words " the report relates, and ", of the words " the report relates, together with the Auditor-General's comments (if any) upon, and his supplements (if any) to, the auditor's report, and " ; and |
|
| (5) by the insertion in Part III of that Act, immediately after section 25, of the following new section which shall have effect as section 25A of that Act:
| | 25A. Notwithstanding anything in any other written law, the Board shall be exempt from the payment of income tax upon the profits and income of the Board". | | |
|
|
|
Sri Lanka Consolidated Acts