The preparation and submission of the annual financial statements of cultural foundations shall follow the regulations below:1. Cultural juridical persons established with donations from the government shall prepare, in accordance with the format prescribed by the Ministry (see Appendix 4), the financial statements for the preceding fiscal year before April 15 each year. After approval by the board of directors, the financial statement shall be submitted to the Ministry of Culture for forwarding to the Legislative Yuan for review.2. Cultural foundations funded by privates,(1) Shall, within five months after the end of each fiscal year (i.e., before the end of May each year), prepare an annual work report and financial statements for the preceding fiscal year, along with inventory of property and certification documents for funds. These documents shall be approved by the board of directors and submitted to the Ministry of Culture for record.(2) If the total assets registered with the court reach the amount of NT$100 million, or the annual revenue for the year reaches the amount of NT$10 million, the documents mentioned in the preceding paragraph shall be prepared in the format prescribed by the Ministry of Culture (see Appendix 5). For foundations not reaching the aforementioned thresholds, the prescribed format may be used as a reference.Cultural foundations whose financial statements are, in accordance with Paragraph 2, Article 24 of this Act, required to be audited and attested by a certified public accountant (CPA), shall not engage a CPA who has been subject to disciplinary action with official notice within the three fiscal years prior to the year of the audit engagement.[Appendix 4] Items Required in Foundations' Final Accounts.pdf[Attachment 5].pdf