FOREIGN INVESTMENT  LAW OF MONGOLIA

CHAPTER THREE

OPERATION OF BUSINESS  ENTITIES
WITH FOREIGN  INVESTMENT

Article 22. Finances, Loans, Accounts, Inspection.

1. A business entity with foreign investment shall conduct its activities related to finances, loans, accounts and foreign currency operations in accordance with the laws of Mongolia.
 
2. A business entity with foreign investment shall keep its account books and balance sheets in accordance with the laws of Mongolia.
 
3. The accounts and financial and business transactions of a business entity with foreign investment shall be investigated by state financial inspection authorities or by  chartered auditor  in accordance with the laws of Mongolia. A foreign auditing organization may be invited, if required 

 

 

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