Article 47. The Audit Committee (Auditor)

(1) The general meeting may appoint one or more auditors.
(2) The auditor is elected from among the members of the association and cannot be a first-degree relative of the administrator.
(3) If more than one auditor is appointed, they form the audit committee. The audit committee must have an odd number of members. A member of the association’s council or the administrator cannot be an auditor.
(4) The audit committee elects its president from among its members. The president coordinates the activities of the auditors.
(5) The auditor or, where applicable, the audit committee exercises the following responsibilities:
a) monitors the activities of the association in accordance with this law and other normative acts, as well as in accordance with the resolutions of the general meeting. To this end, the audit committee (auditor) is entitled to request and examine the financial and economic documents of the association and to propose measures to improve the activities of the association in the respective field;
b) conducts at least annually a review of the financial and economic activities of the association;
c) presents to the general meeting opinions on the association’s annual income and expenditure budget, the annual report, and the sizes of the contribution shares;
d) reports on its activities to the general meeting or the council, upon their request;
e) requests the administrator and the members of the council to correct the errors, violations, and shortcomings found in the process of exercising their responsibilities.
(6) Each auditor is entitled to attend the council meetings without a right to vote.
(7) In accordance with the approved schedule, the audit committee (auditor) checks the financial and economic findings, recording the results in minutes or in observation notes, for which proposals for measures to remedy the detected irregularities are drawn up. In the case of divergent opinions within the committee, these will be recorded in the minutes, with explanations for the reasons that generated them.
(8) The documents of the audit committee (auditor), the minutes, and observation notes of the checks carried out, summaries, notes, and other acts, including the register of minutes, are kept at the association’s registered office and are available for inspection by interested owners.