10.INTERNAL AUDITING OF THE ASSOCIATION

Internal auditing is considered essential at the Association. Internal auditing function may be carried out by the General Assembly, the Board of Directors or the Board of Auditors, or may be entrusted to an independent auditing organization. Auditing carried out by the General Assembly, by the Board of Directors or by independent auditing organizations does not release the Board of Auditors from its obligations.

The Board of Auditors shall verify, according to the principles defined in the Association Charter and in intervals not exceeding one year, whether the Association has operated in line with the objective indicated in the Charter for the fulfillment of its objective, whether accounts and records have been kept in agreement with the regulations and the Association Charter; the Board of Auditors shall report the results of its findings to the Board of Directors and to the GeneralAssembly when it convenes. Upon request of the members of the Board of Auditors, all the requested information, documents and records must be made available or presented by authorized officials of the Association, and any requests to enter executive offices, establishments and annexes must be granted.