Private School Act Article 52

School legal persons and their schools shall set up an accounting system to handle accounting matters. Regulations governing the matters to be stipulated in the system, the establishment of accounting units and the appointment, dismissal, handover, and management of their personnel, as well as other matters to be observed shall be drawn up by the Ministry of Education.Annual revenue and expenditure budgets for school legal persons and their schools shall be submitted to the competent authority of legal persons and that of schools, respectively, for reference.The items, categories, standards, calculation methods, and funding sources for the budgets of school legal persons and private schools they establish shall be posted on the school's information network until the end of the budget year.