Gazette No. 2506 - PDF page 67

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PART  I :  SEC.  (IIA) – GAZETTE OF THE DEMOCRATIC SOCIALIST REPUBLIC OF SRI LANKA – 11.09.2026
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Appendix 01
Syllabus of the written competitive examination (Open) conducted for recruitment for the Class III Grade II of the 
Sri Lanka State Audit Service
1.	 This examination consists of the following six (6) question papers. 
	
a)	 IQ
	
b)	 Creative, Analytical and Communication Skills.
	
c)	 Financial Accountancy
	
d)	 Auditing 
	
e)	 Knowledge of Information and Communication Technology
         	 f)	 Aptitude test for Information and Communication Technology Management.
a)	 IQ
It is expected to test the IQ level of the applicant for analytical skills, comprehension, interpretation skills, the capability 
of adapting to different circumstances and reaching conclusions with regard to the issues submitted on numerical, 
linguistic, and graphical structures and interrelations.
(Duration: 1 ½ hours- 100 Marks. This question paper consists of multiple-choice questions, short questions, 
structured essay-type questions, and essay-type questions) 
b)	 Creative, Analytical and Communication skills 
	
It is designed to evaluate the reasoning and creative abilities demonstrated by the applicant in analysing, collecting and 
presenting views and information through the topics/ themes selected by the applicant from among the collection of 
topics/themes provided, as well as to test the skills of the applicant in comprehending a complex paragraph, document 
or memorandum and expressing clearly and accurately its core ideas briefly in his own words. 
 	
(Duration 03 hours - 100 Marks)
c)	 Financial Accountancy
	
i)	 Structural Framework for Financial Reporting
	
	 Objectives of financial reporting, objectives of each section in financial reporting, identification of software in 
financial statements and their measurement, assumptions that are taken into account in the preparation of financial 
statements and their materiality, main features of the financial statements and their improvement, the concept of 
capital management.
	
ii)	 Regulatory Framework 
	
	 Preparation and presentation of financial statements in accordance with the Companies Act, No.07 of 2007, and 
the requirement of the submission of financial statements for businesses under the Sri Lanka Accounting and 
Auditing Standards Act, No.15 of 1995. 
	
iii)	 Sri Lanka Accounting Standards
	
	 Requirements of the Accounting Standards, elementary knowledge about financial instruments, primary 
knowledge of the Sri Lanka Accounting Standards applicable to small and medium-scale business establishments 
	
iv)	 Preparation and presentation of financial statements of limited liability companies, and preparation and 
presentation of financial statements with the objective of publication.
	
v)	 Preparation of Cash Flow Statements
	
vi)	 Analysis of Financial Statements 
Computation of accounting ratios, and preparation of a summary report to the management incorporating financial 
position, performance and the operating efficiency of the entity using ratios.
	
vii)	 Consolidated Financial Statements
Preparation of Consolidated Financial Statements with the adjustments
(Duration 03 hours - 100 Marks)