## Accounts and finances 

2.13.138 The paying agent must keep complete accounts of the UCI Women’s WorldTeam's activities. 

2.13.139 If a principal partner acts as paying agent or if the paying agent has another activity authorised by the licence commission, the paying agent must keep separate accounts for the activities of the UCI Women’s WorldTeam. In this case, the paying agent must on each occasion submit the documents corresponding to their general accounts with the accountancy documents regarding the activities of the UCI Women’s WorldTeam. 

The obligations set out in articles 2.13.152 and 2.13.153 must also be fulfilled in respect of all the paying agent's activities. 

2.13.140 The UCI Women’s WorldTeam must designate an accountant responsible for the accounts relating to all the activities of the UCI Women’s WorldTeam. Any person in possession of documents providing evidence of professional accountancy training and/or experience recognised as such by the auditor appointed by the UCI may be appointed as accountant to the UCI Women’s WorldTeam. In particular, the accountant is responsible for keeping the UCI Women’s WorldTeam's accounts and for the preparation of the documents required for the financial audit for the purposes of annual registration. 

2.13.141 The UCI Women’s WorldTeam must propose to the UCI-appointed auditor, for prior approval, a company auditor approved by the State. The auditor must be independent of the UCI Women’s WorldTeam, its members and associated persons or bodies. In this respect, they will sign a declaration that there is no conflict of interests. 

This proposal must be made by 1st July at the latest. It must be renewed annually before the same date. However the UCI Women’s WorldTeam may propose, and the UCI- appointed auditor may accept, the same company auditor for a period not exceeding four years. 

2.13.142 The company auditor shall audit the annual accounts in accordance with the national legislation applicable to fixed-capital companies in the country of the UCI Women’s WorldTeam's registered office, even if such an audit is not required by law. The company auditor shall also audit the intermediate accounts at 30th June. They must draft a written report on the result of their audits and address a copy directly to the UCI-appointed auditor. 

2.13.143 The accounting year must correspond to the calendar year. 

2.13.144 The annual accounts shall be established and the accounts kept in accordance with the national legislation applicable to fixed-capital companies in the country of the paying agent's registered office. The annual accounts shall consist of the balance sheet, the profit-and-loss account, a financing table, and an explanatory appendix. These annual accounts shall be expressed in Swiss francs, euros or US dollars and shall be signed by the paying agent and the UCI Women’s WorldTour licence holder. If the financial accounting must be carried out in another currency under national law, the annual accounts must be converted into Swiss francs, euros or US dollars at the rate current at the end of the accounting period. 

