Supreme Committee Decision No. (3) of 2004- Executive Order Part 4 - Financial Affairs Article (19) 1. The Authority shall hold regular financial accounts and records for its transactions and affairs, which contains its income, expenditures, its assets and its dues. Within three months after the end of each financial year, the Authority shall prepare its closing accounts for the ended financial year indicating the real financial status of that year and the assets and entitlements of the Authority at the end of such financial year and in accordance with the renowned international accounting principles. 2. The accounting auditor shall disclose if the accounts, assets and its dues of the Authority in that particular year as shown are true and reflect the fact and if the Authority retained in that particular year clean accounts and financial records. The auditor may disclose any other matter he considers to be necessary. Article (20) 1. The draft of the estimated annual budget of the Authority shall be prepared by the Director General to be approved by the Board of Directors and submitted to the Supreme Committee for issuance. 2. The Chairman is the cashing commander for the letter of Credit listed in the Authority’s Budget and he shall exercise all the entrusted powers by virtue of the Federal Law by Decree and this Executive Order and the regulations and applicable rules in the Authority. The Chairman may delegate any of his entrusted powers to the Director General or to any of the senior employees. Article (21) In consideration with all the provisions of this Part 4, the Chairman after obtaining the Board of Directors approval shall issue the Authority's financial internal Regulations which shall imply organizing its accounts and financial records in accordance with the accounting principles. 9