Article 160. Functions and Powers of the Audit Chamber

1. The Audit Chamber shall be an independent state body, which conducts audit in the field of public finance and ownership over the lawfulness and effectiveness of the use of State Budget and community budgets funds, loans and credits received, as well as state- and community-owned property. The Audit Chamber shall be entitled to conduct inspections of legal persons only in the cases prescribed by law.
2. The Audit Chamber shall act on the basis of the action plan approved thereby.
3. The Audit Chamber shall submit to the National Assembly:

1) an annual communication on the activities thereof;
2) the opinion on the State Budget performance;
3) current opinions in the cases prescribed by law.

4. The powers, rules of operation and guarantees for the activities of the Audit Chamber shall be prescribed by law.

Article 161. Composition and Procedure for the Formation of Audit Chamber

1. The Audit Chamber shall be composed of five members.
2. The Chairperson and other members of the Audit Chamber shall be elected by the National Assembly, upon recommendation of the competent standing committee of the National Assembly, by at least three fifths of votes of the total number of Deputies, for a term of six years. The same person may not be elected as a member, including as Chairperson of the Audit Chamber for more than two terms.
3. Everyone with higher education and complying with the requirements set forth for a Deputy may be elected as a member of the Audit Chamber. The law may prescribe additional requirements to the members of the Audit Chamber.
4. The incompatibility requirements prescribed for a Deputy shall extend to the members of the Audit Chamber. The law may prescribe additional incompatibility requirements therefor.
5. Members of the Audit Chamber may not, during their terms of powers, hold membership in any political party or otherwise engage in political activities. They must show political restraint in public speeches.
6. In case of violation of any of the conditions referred to in Paragraphs 4 and 5 of this Article, the powers of a member of the Audit Chamber shall be terminated by the National Assembly by at least three fifths of votes of the total number of Deputies.