§ Article 29(untitled)

Oversight and Audit Service

1. The Audit and Oversight Service shall carry out oversight of the contributions

 made to campaign funds, expenditures and their calculation, as well as of the

 daily financial activities of political parties. The Audit and Oversight Service shall

 act independently from electoral commissions and shall not be accountable to

 them.

2. The position of the Head of the Oversight and Audit Service shall be a civil

 position, the other 2 employees of the Service shall be civil servants. The Head of

 the Oversight and Audit Service shall be appointed by the decision of the Central

 Electoral Commission for a term of 7 years. The official pay rates for the Head of

 the Oversight and Audit Service shall be prescribed by the Law of the Republic of

 Armenia “On remuneration for persons holding state positions”. The Head of the

 Service may not be a member of any political party.

3. For the purpose of ensuring the transparency and publicity of contributions
 made to campaign funds, expenditures and their calculation, each faction of the
 National Assembly may — within a 10-day period after calling elections of the
 National Assembly — appoint one auditor to the Oversight and Audit Service,
 qualified as an auditor in the Republic of Armenia and having the right of
 suffrage. The auditors of factions of the National Assembly appointed to the
 Oversight and Audit Service shall be remunerated for 2 months in the amount of
 3-fold of the nominal amount of the minimum monthly salary prescribed by the
 legislation of the Republic of Armenia for each month. Their activities shall
 terminate on the 5th day following the announcement of election results.

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4. During the regular elections of the National Assembly, Councils of Elders of
 Yerevan, Gyumri, Vanadzor, and elections of local self-government bodies, up to
 5 specialists may be involved in the Oversight and Audit Service on a contractual
 basis for a period of up to 1 month.

5. The Oversight and Audit Service shall — within 7 days after receiving the
 declarations on the use of means available in campaign funds of candidates,
 political parties running in elections, but no later than 1 day before the time limit
 prescribed for summarisation of election results — carry out inspection, draw up
 a conclusion on inspection results and submit it to the Central Electoral
 Commission. The Central Electoral Commission shall be obliged to immediately
 publish it on the website of the Central Electoral Commission. In case violations
 are recorded in the conclusion, the Central Electoral Commission shall be
 obliged to examine them. A representative of the Oversight and Audit Service
 shall be invited to that sitting of the Central Electoral Commission.

6. Powers of the Oversight and Audit Service shall be as follows:

 (1) receive from banks — where temporary special accounts are opened for

 the formation of campaign funds — relevant information, statements,

 carbon copies of documents on financial inflows and outflows of campaign

 funds of candidates, political parties running in elections;

 (2) receive from banks, political parties and other organisations providing

 goods, services or carrying out works relevant information, statements,

 carbon copies of documents on membership fees paid to the political party,

 donations to the political party, budget financing, proceeds from civil

 transactions as well as other proceeds and expenditures not prohibited by

 the legislation;

 (3) prepare draft decisions on issues related to its activities and submit them to

 the Central Electoral Commission for consideration.

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7. The rules of procedure of the Oversight and Audit Service shall be prescribed by
 the Central Electoral Commission in compliance with the requirements of this
 Code and the Law of the Republic of Armenia “On political parties”.

 CHAPTER 6

 OBSERVERS, PROXIES, MASS MEDIA REPRESENTATIVES,
 AUTHORISED REPRESENTATIVES