The Institute of Chartered Accountants
of Sri Lanka

 All payments should be properly authorized and authorization limits to be specified clearly in writing for.
 * Capital Expenditure * Program Expenditure * Administrative Expenditure

 All payments should be made after preparing pre-numbered payment vouchers with suitable supporting documents - Eg: receipts, invoices etc. All  supporting documents need to be cancelled with a ‘Paid’ seal to prevent duplicate payments.

 Preparation of payment vouchers should not be done by the person authorizing the payment.