As an organ of the National Council, the Court of Audit is in charge of auditing all state finances. It not only presents its annual activity report to the National Council but may at any time draw the Council’s attention to whatever it has observed in the course of its activity. The National Council or a minority of twenty Members may prevail on the Court of Audit to perform special audits, though the number of special audits that may at any time be performed at the request of a minority is limited to three, of which a maximum of two may have been called for by one and the same parliamentary group.
Court of Audit reports are discussed in the Court of Audit Committee, which can call witnesses and interrogate them in a public hearing.
The Court of Audit also has to submit to the National Council the annual Final Federal Budget Accounts, which list all revenue received and expenditures made in the course of the past fiscal year. The final accounts are approved by the National Council in the form of an enactment which cannot be vetoed by the Federal Council. The approval “discharges” the Federal Government of its responsibilities with regard to its use of budget funds (“management“).