47. Do political parties have to report regularly on their finances?

"1) Every political party shall undertake audit inspection annually by its auditor. Starting from 6 months of its registration, the political party shall submit its audit report to the Board on the third month after the end of each budget year.

2) The annual audit report to be submitted to the Board by every political party shall include:
a) the amount and source of revenue;
b )list of expenditure; and
c) a document as to its authenticity the political party leader signed on it and attested by the party seal.

3) Every political party shall prepare and officially issue annual audit report. Such annual audit report shall have to be inspected and accepted by the external auditor to be appointed by the Board."

(Article 56, the Revised Political Parties Registration No. 573/2008, 24 September 2008).

Every political party that receives government financial support shall submit an audited report to the Board concerning the government financial support in accordance with the Registration Proclamation on the third month after endof the budget year where the financial support relates to the conduct of its day to day activities;"

(Article 24(2)A, Regulation Concerning the Procedure for Determining the Apportionment of Government Financial Support to Political Parties Regulation Number 5/2009, 20 July 2009).