The councils of industrial and commercial groups should compile budget books two months before the start of the financial year, send the budget books to boards of supervisors for auditing, then the boards of supervisors should write auditing report and announce the reports at general meetings for approval, and finally, the budget should be sent to competent authorities for check and reference before the start of the financial year; in case the general meetings could not be convened on time, the budget should be first submitted to competent authorities and reported to general meetings afterwards.
The formats of budget books of income and expenditure are as appendix 5.

The council of an industrial or commercial group shall compile an annual work report, a final statement of income and expenditures along with a statement of income and expenditures in cash or statement of cash flows, balance sheet, property inventory, and statement of fund income and expenditures within three months after the end of the financial year, and submit the same to the boards of supervisors (or supervisors) for audit. The boards of supervisors (or supervisors) shall issue audit reports and return such documents to the council. Once all documents are approved at a general meeting of members (member representatives), they shall be submitted to the competent authorities for review and recording before the end of May. If the general meeting of members (member representatives) cannot be convened on time for some reason, the documents shall be submitted to the competent authorities first and subsequently ratified at the general meeting.
Final statements amounting to NT$ 15,000,000 or higher may be audited by certified public accountants.

If industrial and commercial groups run other enterprises, the accounts of the enterprises should be separated from that of the groups; the budgets and final accounts of the enterprises should be handled in accordance with Article 11 and Article 12, and reported to competent authorities and purpose enterprise competent authorities respectively for check and reference.