Central News Agency Establishment Act Article 12

Before the beginning of each fiscal year, CNA should prepare its business plan and annual budget for approval by the board of directors. Once approved by the board, they should be submitted to the competent authority to be reviewed in accordance with standard budget procedures. At the end of the fiscal year, a work report and a final accounting of expenditures and revenues should be approved by the board of supervisors and submitted to the competent authority to be handled in accordance with standard auditing procedures.