124 STAT. 60 PUBLIC LAW 111–145—MAR. 4, 2010 (C) ANNUAL AUDITS.—The Corporation shall engage an independent accounting firm to conduct an annual finan- cial audit of the Corporation’s operations and shall publish the results of the audit. The Comptroller General of the United States may review any audit of a financial state- ment conducted under this paragraph by an independent accounting firm and may audit the Corporation’s operations at the discretion of the Comptroller General. The Comp- troller General and the Congress shall have full and com- plete access to the books and records of the Corporation. (D) PROGRAM AUDITS.—Not later than 2 years after the date of enactment of this section, the Comptroller Gen- eral shall conduct a review of the programmatic activities of the Corporation for Travel Promotion. This report shall be provided to appropriate congressional committees. (c) ACCOUNTABILITY MEASURES.— (1) OBJECTIVES.—The Board shall establish annual objec- tives for the Corporation for each fiscal year subject to approval by the Secretary of Commerce (after consultation with the Secretary of Homeland Security and the Secretary of State). The Corporation shall establish a marketing plan for each fiscal year not less than 60 days before the beginning of that year and provide a copy of the plan, and any revisions thereof, to the Secretary. (2) BUDGET.—The board shall transmit a copy of the Cor- poration’s budget for the forthcoming fiscal year to the Sec- retary not less than 60 days before the beginning of each fiscal year, together with an explanation of any expenditure provided for by the budget in excess of $5,000,000 for the fiscal year. The Corporation shall make a copy of the budget and the explanation available to the public and shall provide public access to the budget and explanation on the Corporation’s website. (3) ANNUAL REPORT TO CONGRESS.—The Corporation shall submit an annual report for the preceding fiscal year to the Secretary of Commerce for transmittal to the Congress on or before the 15th day of May of each year. The report shall include— (A) a comprehensive and detailed report of the Corpora- tion’s operations, activities, financial condition, and accom- plishments under this section; (B) a comprehensive and detailed inventory of amounts obligated or expended by the Corporation during the pre- ceding fiscal year; (C) a detailed description of each in-kind contribution, its fair market value, the individual or organization respon- sible for contributing, its specific use, and a justification for its use within the context of the Corporation’s mission; (D) an objective and quantifiable measurement of its progress, on an objective-by-objective basis, in meeting the objectives established by the board; (E) an explanation of the reason for any failure to achieve an objective established by the board and any revisions or alterations to the Corporation’s objectives under paragraph (1); Public information. Web posting. Marketing plan. Deadlines. Deadlines. Review.
