UCI CYCLING REGULATIONS  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.  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.  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.  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.  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.  Accounts and finances  E170421  ROAD RACES  157 