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1. Management of accounting of a political party shall be regulated by this Law, the Accounting Law of the Republic of Lithuania (hereinafter referred to as "the Accounting Law") and other legal acts.
2. Upon the end of the year a person responsible for the accounting of the political party shall prepare a set of financial statements of the political party. The following annexes shall be prepared together with a set of financial statements of the political party: A list of donations and donors as well as a report on the use of state budget appropriations.
3. A set of financial statements of the political party shall consist of the following financial statements:
1) balance sheet;
2) performance report;
3) explanatory note.
4. A set of financial statements of the political party and the annexes thereto specified in paragraph 2 of this Article shall be approved by the political party's management body set out in the political party's statutes.
5. Each year but not later than by 15 March, political parties shall submit to the State Tax Inspectorate the approved lists of donations and donors of the political party for the previous calendar year and to the Central Electoral Commission - an approved set of financial statements of the political party for the previous calendar year and the annexes thereto specified in paragraph 2 of this Article as well as the auditor's report on findings (if such a report is mandatory). When necessary the Central Electoral Commission shall have the right to get access in accordance with the procedure laid down by legal acts to the documents substantiating the data provided in a set of financial statements of the political party.