§ 3568. Audit and annual reports. 1. In conformity with the
provisions of section five of article ten of the constitution, the
accounts of the corporation shall be subject to the supervision of the
state comptroller.

2. The corporation annually shall cause an independent certified
public accountant to perform an audit of the corporations accounts and
to prepare a financial statement, income statement, and balance sheet of
the corporation.

3. The corporation shall annually prepare a detailed report pursuant
to the provisions of section twenty-eight hundred of this chapter.

4. (a) The corporation shall also report on an annual basis the
following information: the name, principal business address and
principal business activities of each subsidiary of the corporation; the
name of all partners, managers, board members and officers of each
subsidiary; the number of employees of each subsidiary; a list of all
contracts in excess of one hundred thousand dollars entered into by the
corporation and its subsidiaries identifying the amount, purpose and
duration of such contract; and a financial statement, income statement,
and balance sheet of each of the corporation's subsidiaries, prepared by
an independent certified public accountant all in accordance with
generally accepted accounting principles.

(b) The corporation shall also report no less than quarterly its
income, expenses and relevant fiscal, programmatic and clinical data.

5. All such reports and financial statements shall be furnished to the
governor, the comptroller, the majority leader of the senate, the
speaker of the assembly, and to the chairperson of the senate finance
committee and the chairperson of the assembly ways and means committee.