Chapter  8 Closing and Examination

（Closing Deadline）
Article 65
A business must close its books within two months after the close of each fiscal year. The period may be extended by two and a half months if necessary.

（Preparation of Closing Report）
Article 66
For the annual accounting final report, a business must prepare the following reports/statements:
1. Business Report.
2. Financial Statement.
The content of a business report must include operation policies, general condition of implementation, result of implementation of business plan, execution of the budget derivative of operating revenue and expenditure, profitability analysis, research and development, etc.
The final statements must be signed or sealed by the person representing the business, its manager, or in-charge accountant.

（Branch Institution Account）
Article 67
At the end of a fiscal year, a business must consolidate the accounts of its branches, if any, and process the final accounting report.

（Acknowledgement of Closing Report）
Article 68
The person-in-charge of a business must submit the business` closing report to the capital provider(s), partner(s) or shareholder(s) for acknowledgement within six months of the end of a fiscal year.
The capital provider(s), partner(s) or shareholder(s), in processing the matters mentioned in the preceding paragraph, may commission certified public accounts for examination if deemed necessary.
Personnel in-charge of the business or acting accountant can be removed from year-end financial sheets after confirmation and finalization of sheets as mentioned in Paragraph 1. However, this does not apply in the event of illegal or inappropriate conduct.

（Obligation to Prepare）
Article 69
An accountant or bookkeeper must keep all the final statements in the main office.
If an interested party of the business requests, with justified reasons, to examine the final statements referred to in the preceding paragraph, the business accountant or bookkeeper, while keeping the business`s best interest in mind, allow such a party to make an examination.

（Application for Inspection）
Article 70
A party with interest in your business, having justified reasons, may apply with the court to appoint an inspector to inspect the account books, statements, and slips of the business.