Chapter 1 Accounting

Chapter 2 Audit

Chapter 3 Approval of annual report, etc.

Publication of the annual reports of the Construction Fund and so on.

In accordance with section 160, in the Act of Public Houses, etc., cf. Law Order no. 1204 of 10. In December 2009 :

Chapter 1

Accounting

§ 1. The Year of Construction Fund shall be the calendar year.

Paragraph 2. The annual report shall give a true picture of the assets and liabilities of the fund, the economic position and the result.

Paragraph 3. The annual report shall be subject to careful consideration of the values and obligations of the Member State, and of the necessary depreciation.

Paragraph 4. The rules of the annual accounting law are applicable unless the law on public housing and other legislation, other legislation, this notice or rules for the Fund ' s undertaking by law, including the Fund ' s statutes, derogates from these rules.

Chapter 2

Audit

§ 2. The audit shall be carried out by a government certified auditor designated by the Domestic and Social Office according to the recommendation of the Fund.

Paragraph 2. In the case of a change of auditor, the acceding auditor shall address the severing auditor who has a duty to provide information on the grounds for termination.

§ 3. The audit shall be carried out in accordance with good public audit practice, as provided for in section 3 of the revision of the accounts of the state and so on.

Paragraph 2. The review is verified whether the annual report is correct and whether the arrangements covered by the clearance of accounts are in accordance with laws and other regulations, as well as by agreements and practices that have been entered into and, in accordance with the usual practice, in accordance with the rules laid down in the accounts. § 4. An assessment shall also be made of the extent to which the financial account has been taken of the management of the Fund ' s funds and operations.

§ 4. The scope of the audit depends on the administrative structure and business of the fund, including internal control and other matters of the clearance of accounts.

§ 5. The year is usually reviewed during the year. As part of the review, cf. Section 4 examines the existing business practices, including the procedures for registering the lending and subsidy-release factors, with a view to detecting whether internal controls are reassuring. In addition to system audit, cf. 2. PC, the competent auditor shall, where necessary, carry out sub-audits by sampling, as the starting point, random surveys of the accounting records and other accounting information. Unscheduled deposition review is included in the audit.

Paragraph 2. The management audit shall examine whether the financial reasons for the management of the Fund ' s funds and operations have been taken into account. This revision is based on the basis of the Fund reporting on goals and achieved results, as well as thrift, productivity and efficiency.

Paragraph 3. In the final review, it is detected that the annual report does not contain any significant errors or deficiencies and whether the arrangements covered by the clearance of accounts are in accordance with the appropriations, laws and other regulations, as well as : concluded agreements and usual practices.

§ 6. The Fund shall provide an auditor to the information which may be considered to be relevant to the assessment of the fund ' s annual report and management. The Fund shall allow auditor access to carry out the examinations necessary to this undertaking and shall ensure that the auditor receives the information and the assistance necessary for the performance of his duties.

§ 7. The auditor shall be aware of the offences or bylaws of the rules of the Fund ' s administration, including in particular the fund management of public funds, the auditor shall immediately give the Fund ; board notification, and ensure that the Board of the Fund shall notify the Domestic and Social Affairs Board within three weeks. If not, it is the accountant's duty to inform the Ministry of Domestic and Social Affairs. The auditor's comments are sent together with the message.

§ 8. Accountant must conduct an audit protocol.

Paragraph 2. In the audit protocol, information shall be provided on :

1) the audit work carried out, as well as the result of this, including the outcome of the holding inspections carried out ;

2) material uncertainty, error or deficiencies in accounting, accounting or internal control, and

3) other significant matters which have given rise to observations.

Paragraph 3. The audit shall also account for the management audit carried out. In particular, examine the auditor ' s examination and assessment and conclusions concerning the fund ' s austerity, productivity and efficiency, as well as for dispositions outside the Fund ' s purpose.

Paragraph 4. It must be stated in the review protocol to the annual report,

1) on the auditor ' s habilitation provisions,

2) whether the auditor during the audit audit has received all of the requested information,

3) on the audit has given rise to comments on whether state and municipal funds have been used in accordance with the given terms and conditions ; and

4) on the audit has given rise to comments on whether state and municipal funds have been done in accordance with the rules in force.

Paragraph 5. In addition, the audit protocol shall also introduce information on special control worker, the submission of special reports, advice or assistance.

Paragraph 6. The audit protocol shall be presented at any board meeting and any protocol entry shall be signed by all board members.

§ 9. The revised annual report shall indicate an endorsement, of which the annual report has been revised in accordance with the rules laid down in this notice. The endorsement shall be indicated on the endorsement. The endorsement shall be given in accordance with the provisions of the Law on State authorised and registered auditors and the regulations issued under it.

Chapter 3

Approval of annual report, etc.

§ 10. The adopted annual report shall be signed by the Administrative Board and shall be endorsed by the auditor, cf. § 9.

Paragraph 2. The annual report and a copy thereof, together with the copy of the annual audit protocol, shall be submitted to the Home and Social Affairs Committee no later than four months after the closing of the accounts.

§ 11. The Fund shall draw up a report on its activities and gained experience in the preceding financial year. The report shall be submitted at the same time as the Fund ' s annual report to the Ministry of the Interior and Social Services.

§ 12. The announcement shall enter into force on 1. January, 2010.

Paragraph 2. At the same time, notice No The 14th of 14. December 1994 on the accounts of the Construction Fund and so on.