Section 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.