The Auditing Authority

Article 12 - Composition

The Governing Board will appoint for a period of one year from outside its members, an Auditing Authority that can be a legal entity or a natural person. The number of offices is not limited.

Article 13 - Duties

The Auditing Authority verifies the accounting of the Foundation and presents each year to the Board a written report on the accounts of the closed fiscal year (January 1st - December 31st ).

The report of the Auditing Authority will be submitted to the supervisory authorities.