15 The Organisation shall, in conducting an internal audit, appoint its official to be internal auditor responsible directly to the Board in accordance with the regulations prescribed by the Board. Section 49. The Organisation shall prepare and submit its financial statement which at least states its financial status, income and expenditure and cash flow to the auditor within one hundred and twenty days as from the ending date of each accounting year. The Office of the Auditor-General or the licensed accountant appointed by the Board with approval of Office of the Auditor-General shall audit the spending of money and property of the Organisation. The auditor shall, in the audit report, give analytical statement as to whether such spending is consistent with its objective, economy, value for money and hit the target and shall then submit the audit report to the Board. The Board shall coordinate with the Office of the Auditor-General regularly in relation to the plan for financial audit and improvement and review to be conducted in order to meet State audit standard. Section 50. In order to strengthen the efficiency, result, accountability and public reliability in the performance of duties of the Organisation and to monitor and inspect the performance of duties of the Organisation to be in line with its objectives and established project and work plan, the Board shall organise performance evaluation annually by the external evaluation committee. The performance evaluation shall provide the fact in respect of the effectiveness, efficiency, organisational development, public support, number and satisfactions of the audience and other additional aspects to be determined by the Board. Section 51. The Organisation shall, at least every ten years as from the date this Act has come into force, propose to review the sources of its income and proportion of its subsidy so as to meet the necessity for the performance of its duties, to review the suitability for the remission of its excess accumulative income as State revenue or for the allocation of that income as social benefits and to review the creation of and promotions on public communications through the performance of its missions including the proposal to revise related laws. CHAPTER VII Inspection and Control Section 52. In order to secure the quality and efficient program to be provided to the audience and to represent its impartiality, the Organisation shall prepare and submit its annual report to the Council of Ministers, the House of Representatives and the Senate within six months as from the ending date of each accounting year. Such Report shall also be disclosed to public. © 2009, Pakorn Nilprapunt, Office of the Council of State of Thailand (www.krisdika.go.th www.lawreform.go.th) Remark: Reference to Thai legislation in any jurisdiction shall be made to the Thai version only. This translation has been made so as to establish correct understanding about this Act to foreigners.