Chapter IX Accounts, Financial Statements, Audit and Reports of the Central Bank

CHAPTER IX
Accounts, Financial Statements, Audit and
Reports of the Central Bank

Article 60.
Financial Year of the Central Bank
The financial year shall begin on the first day of the month of January and end on the last day of the month of December.

Article 61.
Accounting Procedures
The Head Office and main units of the Central Bank shall continuously maintain accounts and records that reflect its business and financial status in accordance with international accounting standards.

Article 62.
Financial Statements of the Central Bank
The Head Office of the Central Bank prepares consolidated financial statements for each of its financial years. These statements include the balance sheet and the income statement, as well as other statements.

Article 63.
Audit of the Central Bank's Accounts
The audit of the Central Bank's accounts and records is carried out by external auditors appointed by the Presidency of Bosnia and Herzegovina, upon the recommendation of the Council of Governors.

Article 64.
Submission and Publication of the Central Bank's Statements and Reports

1. The Central Bank shall, within three months after the end of its financial year, submit to the Parliamentary Assembly of Bosnia and Herzegovina the following:

a. a copy of its financial statements certified by its auditors; b. a report on its operations during that year; and
c. a report on the state of the economy.

2. The Central Bank shall, as soon as possible after the last working day of the quarter, but in any case within ten working days, prepare and submit to the Presidency of Bosnia and Herzegovina a preliminary (unaudited) financial report for that quarter.

3. After the submission of the reports, the Central Bank shall publish the financial statements and reports relating to items 1 and 2; it may also publish reports and studies on financial and economic matters that it deems appropriate.