15.
| (1) The Board shall cause proper accounts to be kept of the income and expenditure, assets and liabilities and all other transactions of the Board. |
|
| (2) The financial year of the Board shall be the calendar year. |
|
| (3) The Auditor-General shall audit the accounts of the Board every year. For the purpose of assisting him in the audit of such accounts, the Auditor-General may employ the services of any qualified auditor who shall act under his direction and control. |
|
| (4) For the purposes of meeting the expenses incurred by him in the audit of accounts of the Board, the Auditor- General shall be paid out of the Fund such remuneration as may be determined by the Board. Any remuneration received by the Auditor-General shall, after deduction therefrom of any sums paid by him to any qualified auditor or auditors employed by him for the purpose of conducting such audit, be credited to the Consolidated Fund. |
|
| (5) The Auditor-General shall, as soon as practicable after the thirty-first day of December of each year prepare a report on the administration of the affairs of the Board during that year, together with a statement of the income and expenditure of the Board and of the investment of the moneys belonging to the Board during that year. |
|
| (6) In this section, the expression " qualified auditor" means
| | (a) an individual who being a member of the Institute of Chartered Accountants of Sri Lanka or 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 chartered accountants each of the 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. | | |
|
|
|
Sri Lanka Consolidated Acts