Revenue Options

The Accounting Watchdog plans to charge a cess from firms it audits accounts, beginning next year.
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Plansrnare also underway to direct auditors to ensure firms doing over Rs. 5 mn sales arnyear, file their accounts with the regulator.

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ThernSri Lanka Accounting & Auditing Standards Monitoring Board (SLAAMB) Act,rnsays the watchdog can run on Treasury funds during its formative years, but hasrnto switch to an industry wide cess for its future survival.

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