Regulations for the Establishment and Administration of the Multi-level Marketing Enterprises and Participants Protection Institute Article 24

For the management of accounting matters of the EPPI, the accrual principle shall be adopted as the accounting basis, and the fiscal year shall be based on a calendar year. The accounting system shall be formulated according to the nature of accounting items, actual business operations as well as the needs in development management, and filed to the FTC for reference.The accounting system mentioned in the preceding paragraph shall include the following item:1. A general description of the accounting system;2. Accounting journals and ledgers;3. The description and usage of the accounting items, accounting documents, accounting books and accounting reports;4. Standards and procedures of general accounting;5. Regulations regarding collections, payments, and property management.