Innovation Act for Industry-Academia Collaboration and Talent Cultivation in National Key Fields Article 17

The supervisory committee shall appoint one or several auditing personnel to check the financial books and statements, and internal controls of the key research institute, assess its operating performance and then produce an annual audit report; the key research institute shall cooperate by providing pertinent information and shall not evade, hinder, or refuse.After the review and approval of the annual audit report referred to in the preceding paragraph by the supervisory committee, the auditing personnel shall regularly follow up on the shortcomings or irregularities listed in the report until improvements are achieved.