5. AUDITING COMMITTEE OF THE ASSOCIATION

5.1. Auditing Commission monitors and audits financial and economic activity of the Association, cashier checks, property and accounts of the Association, the execution of the provisions of the Charter.

5.2. The Auditing Commission is elected for five years by General Meeting of the Association.

5.3. Number of members of the Auditing Committee determined by the General Assembly which consist from persons who are not General Director, President, chief accountant and executive secretary of the Association.

5.4. Auditing Commission of the Association is elected by the Chairman and members of the commission.

5.5. The Auditing Commission is guided by the regulations approved by General Meeting of the Association.

5.6. Auditing Commission at least once every two years audits the financial and economic activity of the Association and submits its report to General Meeting.

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