The current absence of substantial oversight and investigation of such instances may be explained by the following reasons. First, the CEC considers that it lacks the legal competences to check the content of financial reports and investigate irregularities. However, this point of view is difficult to reconcile with the law: Article 22 of the EC sets out the CEC’s competences, which include e.g. exercising the right of access to information held by public authorities at all levels and applying or requesting the application of sanctions. In addition, Article 29(2) of the LPP makes it clear that parties’ annual reports are checked and analysed by the CEC, and that the CEC may ask political parties and public or private institutions the necessary information. In spite of these competences, representatives of several authorities took the view that it was not – and should not be – the task of the CEC to investigate infringements of the law; this should rather be performed by other competent bodies such as the tax authorities, the Ministry of Finance, the Court of Accounts, the prosecution service and courts or the National Anticorruption Center.