"HOVD TELEVISION" AUDITED
The audit of "Hovd Television" by Hovd aimag's Audit authority from 20-30 June 2006 found that the organization's strategy for 2005 lacked any objectives, the organization did not have a quarterly or annual plan, there were no documents defining the organization's goals and ways to accomplish them, and the organization's status was vague. The audit also concluded that although "Hovd Television" spent the 7.0 million Tugrik made up of TUG 3.5 million it received from the local budget and its revenue of TUG 3.5 million, it mentioned only the 3.5 obtained from the state budget in its financial balance report, but failed to report how it spent its TUG 3.5 million revenue.

West region monitor A.Byambasuren