Private School Act Article 53

School legal persons and the private schools they establish shall complete their final accounts within four months after the end of the fiscal year. Along with their annual financial statements certified by CPA who is qualified by the competent authority of legal persons, submit to the competent authority of legal persons and that of schools, respectively, for reference.The competent authority of legal persons or that of schools, in order to supervise the finances of school legal persons and those of the private school they establish may send personnel or commission CPAs to check their financial statements, financial audit reports, internal control and other matters at any time.School legal persons and the private schools they establish shall cooperate in providing relevant information for the audits or inspections specified in the preceding two paragraphs. They shall not evade, hinder, or refuse.The CPA audited and certified annual financial statements of school legal persons and the private schools they establish shall be made known to the public in accordance with the pertinent provisions of the Compilation and Administration of Education Expenditures Act.