• You are here:  
  • Home > Scope of Audit

    The Auditor General, at his discretion, decides on the scope of audit, and in this regard, he is guided by the prevailing standards as introduced in terms of the provisions in the Sri Lanka Accounting and Auditing Standards Act No. 15 of 1995 and conventions and best practices relating to audit as adopted by the Institute of Chartered Accountants of Sri Lanka(ICASL), the International Organization of Supreme Audit Institutions(INTOSAI), the Asian Organization of Supreme Audit Institutions (ASOSAI), and the guidance provided by the Committee on Public Accounts (COPA) and the Committee on Public Enterprises (COPE) of Parliament.

    Further to that as regards Public Corporations, the Finance Act, No. 38 of 1971 defines the scope of audit to be considered by the Auditor General in relation to Public Corporations in more specific terms and it requires the Auditor General to render three distinct statutory reports viz. a detailed report to the management of the Corporation, a report for publication together with the Annual Report of such Corporation and another separate report to Parliament. The scope of the audit as defined in the Finance Act requires the Auditor General to examine as far as possible and as far as necessary the following.

      • Whether the organization, systems, procedures, books, records and other documents have been properly and adequately designed from the point of view of the presentation of information to enable a continuous evaluation of the activities of the corporation, and whether such systems, procedures, books, records and other documents are in effective operation;


      • Whether the conduct of the corporation has been in accordance with the laws, rules and regulations relevant to the corporation and whether there has been fairness in the administration of the corporation;


      • Whether there has been economy and efficiency in the commitment of funds and utilization of such funds;


      • Whether systems of keeping moneys and the safeguarding of property are satisfactory;


      • Whether the accounts audited have been so designed as to present a true and fair view of the affairs of the corporation in respect of the period under consideration with due regard being given to principles of accountancy, financing and valuations; and


    • Any such other matters as the Auditor General may deem necessary.


    Find Audit Reports

    BCMath lib not installed. RSA encryption unavailable